Category Archive: Finance, No picture
Moving Averages: August Month-End Update
The S&P 500 closed August with a monthly gain of 3.03% after a gain of 3.60% in July. All three S&P 500 MAs are signaling “invested” and four of five Ivy Portfolio ETFs — Vanguard Total Stock Market ETF (VTI), iShares Barclays 7-10 Year Treasury (IEF), Vanguard REIT Index (VNQ), and PowerShares DB Commodity Index […]
US Dollar Aims Higher On Haven Demand, Yield Appeal
US DOLLAR FUNDAMENTAL FORECAST: BULLISH US Dollar snaps 2-week loss streak as haven demand returns Trade war and emerging market worries may sustain support Upbeat local data to boost yield appeal if sentiment recovers The US Dollar snatched victory from the jaws of defeat last week. What looked likely to be another heavy loss until […]
S&P 500 Snapshot: Another Weekly Gain
The S&P 500 rose and fell this week, ending up 0.93% from last Friday and closed the day a mere 0.01% from Thursday. The index is up 7.63% YTD. The U.S. Treasury puts the closing yield on the 10-year note at 2.86%. Here is a daily chart of the S&P 500. Today’s selling puts the […]
ECB At A (Familiar) Crossroads
If Brazilian central bankers are the standard for illicit shamelessness, their European counterparts are at least on the same spectrum. At the end of April, the European Central Bank’s President Mario Draghi took his shot at purposeful mischaracterization. Speaking to the press after the ECB’s Governing Council meeting had concluded, Draghi had been forced to concede there […]
Momentum ETFs Soar To New Highs
Investors love hottest stocks and continue to pour money into them. While the popular finance theory “random walk” suggests that the past movement of the price of a stock cannot be used to predict its future movement, history shows that recent past performance can be a pretty good predictor of short-term future performance. Momentum effect, […]
Wrapping Up The Monthly Closes – US Markets And Metals
(Audio length 00:13:06) Chris Temple joins me to wrap up the markets for this week and more importantly the monthly close. We discuss the US markets at all-time highs and the metals sector closing at some key lower technical levels. We also look at the trade situation with Canada not able to reach a deal […]
Amazon Inches Closer To $1 Trillion Market Cap: ETFs In Focus
Online e-commerce behemoth Amazon (AMZN – Free Report) is heading toward $1-trillion market cap as its shares topped $2,000 for the first time. Shares of AMZN closed at $2,002.38 on Aug 29 and are just some dollars away from reaching 13-digit market capitalization. At $2,053 per share, Amazon will become the second U.S. trillion-dollar company after Apple […]
USD/JPY Initiates Bearish Sequence Amid Failed Run At August-High
Fundamental Forecast for Japanese Yen: Bullish JAPANESE YEN TALKING POINTS The recent rebound in USD/JPY unravels following the failed attempt to test the monthly-high (112.15), but fresh data prints coming out of the U.S. economy may prop up the exchange rate as Non-Farm Payrolls (NFP) are projected to increase another 191K in August. Signs of a more robust […]
