February Natural Gas Finally Pulls Back Despite Impressive EIA Print
How natural gas prices traded today depends significantly upon where you look along the strip. If your focus remains on the prompt month February contract which hits options expiry tomorrow, prices pulled back decently today. If you focus further along the natural gas strip, though, price action was more bullish, with the March natural gas […]
After December In Housing, No Miracle
While there are those who saw October and more so November spikes in real estate and housing estimates as the beginning of the something big, all the December 2017 statistics suggest nothing more than the easily anticipated hurricane anomalies. Housing construction was back in line with weaker earlier 2017 estimates (particularly starts), while resales were, too. Today […]
Are These Sleeper ETFs About To Awaken?
Video length: 00:09:08 The dollar index continues to take a beating dropping below the crucial 90 level as the administration says they are okay with a weak dollar. In tonight’s video newsletter we analyze sleeper ETFs that are poised to make a big move thanks to the weak dollar. Watch this video to find out […]
Western Digital Reports Q2 Adjusted EPS $3.95, Consensus $3.79
Western Digital (WDC) reports Q2 revenue $5.34B, consensus $5.30B. CEO Steve Milligan says: “We continued our strong financial performance in the December quarter, with nine percent year-over-year revenue growth, driven by each of our major end-market categories and solid execution by our team. We once again generated strong operating cash flow, reflecting continued healthy demand […]
Bitcoin: A Leading Stock Market Indicator
Bitcoin is useless as a payment mechanism. It is not a store of value despite such promotion. Tom McClellan found a use. Other than speculation, what precisely is Bitcoin good for? Tom McClellan at McClellan Financial proposes using Bitcoin as a measure of wild sentiment. Finally, An Actual Use For Bitcoin by Tom McClellan Bitcoin was designed […]
5 Housing Stocks To Soar, Braving Weak December Home Sales
Sales of previously owned homes decreased in December 2017, as low inventory is limiting the choice of prospective buyers and keeping price growth elevated. Again, unseasonably cold weather also accounted for a bit of the downfall. December Existing Home Sales Data As revealed by the National Association of Realtors (NAR), existing-home sales slipped 3.6% in […]
My Bearish Outlook On Bitcoin Still Intact
I haven’t pulled away from my thesis that Bitcoin (BTC.X) is likely heading lower in the short-to-intermediate time frame. There is so much emotion in the crypto-currencies and largely that is because many, if not most, of the traders in it, have never traded anything else before, and they are seeing this as a “money-making […]
Intel Corporation Earnings Beat Estimates, Stock Rallies
via Wikimedia Commons Intel Corporation (Nasdaq: INTC ) released its latest earnings report after closing bell tonight. Intel earnings came in at $1.08 per share on an adjusted basis, smashing the consensus estimate of 87 cents per share. Intel’s Q4 revenue rose to $17.1 billion from $16.37 billion in the year-ago quarter. Intel earnings swing […]
Stocks And Precious Metals Charts – On The Road To Damascus – Precious Metals Options Expiration
The US dollar was swooning this morning, and stocks were in a light rally. The cause of this was the ongoing policy of the Trump Administration for a weaker dollar. The weak dollar increases the price of imports, and decreases and makes more competitive exports, priced in dollars. Treasury Secretary Mnuchin had just affirmed that […]
