Category Archive: Finance, No picture
AUDUSD Daily Analysis – Thursday, Sept. 20
AUDUSD broke above 0.7235 resistance and extended its upside movement to as high as 0.7244. Further rise is still possible and next target would be at 0.7350 area. Near-term support is at 0.7230, only a breakdown below this level could bring the price back towards 0.7140.
Homebuilder Confidence Stays Steady In September: 5 Top Picks
The confidence level among the nation’s homebuilders for newly-built, single-family homes remained unchanged in September from the prior month on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Although builders remain perturbed with rising costs and continued shortage of skilled labor, a growing economy and rising income along with increasing household formations […]
Processing Powell’s Rout
The US is going it alone. The rest of the world isn’t so synchronized like it was, purportedly, in 2017. No matter, at least for Americans. Even Europe, last year’s poster boy for what this upswing was going to accomplish, has thoroughly disappointed. The United States is just going to have to leave everyone else […]
“Stupid Time” For Pot Stocks
“This is just stupid time. I can’t believe the valuations at this stage”, says Investitute co-founder Jon Najarian. The new mania is pot stocks. Valuations are beyond absurd, which is what always happens in bubbles. Investitute co-founder Jon Najarian says It’s Stupid Time. In June, Canada announced it will legalize recreational marijuana use effective Oct. 17, […]
The Neatest Idea Ever For Reducing The Fed’s Balance Sheet
I mentioned a week and a half ago that I’d had a “really cool” idea that I had mentioned to a member of the Fed’s Open Market Desk, and I promised to write about it soon. “It’s an idea that would simultaneously be really helpful for investors and help the Fed reduce a balance sheet that they […]
EC Tilray Goes Cray-Cray
I’ve disclosed a few times here that last December I bought the ETFMG Alternative Harvest ETF (MJ) on the first or second day after it changed from a Latin America real estate ETF. When I first bought there was some excitement and the fund went up a little, then it went down a lot […]
A Look At Some Key Levels
Simply a quick look at our “Modern Family” key levels. S&P 500 (SPY) 289.50 pivotal area support. 291.74 the current all-time high, which today’s high came within inches of. Russell 2000 (IWM) Broke 170 on a day Dow made new highs. 168.94 the 50 DMA to hold, then 167.30. Over 170-we still want to see this […]
Turkey ETF Surges Post Rate Hike
On Sep 13, the Central Bank of Turkey hiked its main interest rate to 24%, a hike of 6.25% from the previous 17.75%. This resulted in lira appreciating by 4.3% against the U.S. dollar and iShares MSCI Turkey ETF (TUR – Free Report) gaining 5.9% on the same day. This is the biggest rate hike in President Erdogan’s 15-year […]
