Gold: Five Waves Up
Gold short-term Elliott Wave suggests that the rally from 8/15 low is unfolding as a zigzag. The first leg Minor wave A is subdivided as an impulse. Minute wave ((i)) of A ended at 1300.83, Minute wave ((ii)) of A ended at 1274.45, Minute wave ((iii)) of A ended at 1326, and Minute wave ((iv)) of A ended […]
Exxon Mobil Upgraded To Neutral From Sell At UBS
UBS analyst Jon Rigby upgraded Exxon Mobil to Neutral and raised his price target for the shares to $76 from $75. The oil giant closed yesterday up 61c to $77.18. The shares have underperformed both the company’s domestic and international peers in 2017, Rigby tells investors in a research note. He expects oil prices to […]
Duke Energy: A Perfect Stock For Conservative Investors
Are you looking for a solid stock with predictable returns? Are you a conservative investor who is not looking for a lot of risk? Then Duke Energy (NYSE: DUK) is the perfect stock for you. As a utility company, Duke Energy has everything going for it. They have made strategic moves that have paid off and […]
USD/JPY And AUD/USD Forecast – Wednesday, Sept. 6
USD/JPY The US dollar fell significantly against the Japanese yen, as we continue to see volatility overall. I think that there is a significant amount of support at the 108.50 level though, and it is the bottom of a larger consolidation area. That being said, if we break down below that level, and then I […]
ETF Asset Report: U.S. Equities Rule
The appeal of U.S. equities remained in August despite all odds, as hopes of a tax reform emerged, barring occasional geopolitical jitters. Overall, the broader markets remained lukewarm, with the S&P 500-based ETF (SPY – Free Report) , Dow Jones-based ETF (DIA – Free Report) and Nasdaq 100-based (QQQ – Free Report) adding in the range of 0.1% to 1.8% in […]
Modeling Expected Drawdown Risk
There are no silver bullets for profiling risk, but drawdown’s properties arguably give this metric a leg up over most of the competition. The combination of an intuitive framework, simplicity, and sharp focus on how markets actually behave is a tough act to beat. Perhaps the strongest argument in favor of drawdown can be summed up by […]
Nomura Ups Apple Target To $185 Ahead Of Launch Event
Nomura Instinet analyst Jeffrey Kvaal raised his price target for Apple shares to $185 from $175 ahead of the company’s launch event on September 12. The stock closed yesterday down $1.97 to $162.08. Apple is entering the “long awaited iPhone supercycle on its front foot,” Kvaal tells investors in a research note. Operating system base […]
The Great Shift Of Global Economic Power
BRIC economies continue to grow. In the late 2020s, the size of China’s economy will surpass that of the US. By the early 2030s, the BRICs’ combined economic power will surpass that of major advanced nations. The BRICS Summit in Xiamen, Fujian province, signals the rising might of the large emerging economies, such as China, […]
Yields Tumble, Yen Surges As Perfect Storm Hits Global Markets
Oh, and sorry in advance to Michael: Headline writers, if u find yourself typing ‘It’s a Perfect Storm…’ on top of a story about market risks, please hit backspace & try again — Michael P. Regan (@Reganonymous) September 5, 2017 Just in case you didn’t get the memo, Tuesday is shaping up to be quite […]
Fixed Income: “Enhanced” By Performance
The U.S. interest rate backdrop continues to remain challenging for investors looking for income. The rise in U.S. Treasury (UST) yields following last November’s Election Day, and a bit more recently around the Federal Reserve’s (Fed) first rate hike in 2017, allowed investors to possibly believe that rates may finally be making a more permanent move higher. Or, at the very least, that […]
