Natural Gas Prices Fall Again On Bearish Weather
Mid-October warmth remains a key focus of natural gas traders as they try and judge just how much heating demand will be reduced. We saw prices today attempt to recover some of their losses from last week hitting $2.88 support-turned-resistance before gradually selling off through the day and closing near the lows. With recent heat […]
Stocks Soared 26% The Last Time This Happened
Earnings season is underway. Right now, companies are reporting their results for the third quarter of 2017. And it’s set to be a historic event. Earnings should reach a record high. Trailing 12-month earnings per share (EPS) measures earnings over the past 12 months. This quarter, analysts expect the companies in the S&P 500 to […]
Short-Term Trading Idea FX GBP/USD – Bull Speculation: Rebound From The TR2 Trend Line
Trading opportunities on the currency pair: Since the 20th of September, the British pound has shed around 600 pips against the US dollar. The drop started with a pin bar model. From looking at the cycles, I’m expecting the rate to drop to the TR2 trend line or the range from 1.3000 to 1.3016, followed by a […]
NZD/CAD To 88 Cents?
NZD/CAD has more room to fall. On a fundamental basis, the New Zealand dollar has recently fallen victim to election uncertainty, lower dairy prices and U.S. dollar strength. These issues will continue to plague the currency after the final votes are counted. The National Party led by Bill English lost 2 seats while the opposition […]
AdvanSix – Chart Of The Day
AdvanSix Inc. (ASIX) is a producer and supplier of Nylon 6 materials. The company’s polymer resin sold under the Aegis(R) brand to produce engineered plastics, fibers, filaments and films which in turn used in end products such as automotive and electronic components, carpets, sports apparel, fishing nets and food as well as industrial packaging. AdvanSix […]
GBP/USD Bounces On Higher Hike Expectations, For Now
GBP/USD is trading at the 1.31 handle, maintaining a safe distance from the lows of 1.3026 it reached last week. Support can be found at 1.3110 and resistance at 1.3230. To put things into proportion, cable was briefly above 1.36 quite recently. What is behind this bounce? The main driver is the upwards revision of labor […]
The Real Peak Complacency
Stocks are at record highs while volatility is at a record low. Which is another way of saying that investors aren’t as worried as they probably should be about the coming year. That’s okay. Price corrections (with their attendant volatility spikes) are normal and natural ways for markets to teach overconfident investors a little humility. […]
Small Caps Outperform Large Caps
Small Caps Earnings Growth Falls But Financials Look Good Even though the Russell 2000 was down slightly on Friday, the small caps are still in the best streak since the post-election run. The chart below shows the rally after the election was justified given the accelerated earnings growth after the earnings recession in 2015-2016. Unless the […]
Advanced Micro Devices, Inc.: Activist Investors Need Not Apply
Written by Activist Stocks AMD’s (AMD) lack of innovations in the past 3 months is impacting its stock. So far, AMD’s stock is up 10% in 2017, while Nvidia (NVDA) -its competitor- is up 55%. Nvidia’s dedication towards the cryptocurrency mining market is the reason for Nvidia’s rapid increase. So far, the cryptocurrency market is growing by a couple […]
Veritone Jumps After CEO Rebuts Short Seller Attack
Shares of Veritone (VERI) are on the rise after the company’s CEO Chad Steelberg told Bloomberg that the company’s shares are not worthy of shorting and in fact are undervalued. This comes a few weeks after short-seller Citron argued that the stock is headed dramatically lower. SHARES STILL CHEAP: Veritone is a cloud-based artificial intelligence […]
