Gold Market Update – Monday, July 24
Gold prices are slightly lower in afternoon New York trading, suffering from a bounce in the U.S. dollar index. XAU/USD hit the highest level in nearly 4 weeks earlier but the expected resistance at $1259 kicked in and blocked the bulls’ way. The market is currently fluctuating around the $1255 level, the bottom of the daily Ichimoku […]
US Fed Meet, Q1 Results And Cues To Watch Out Today
Indian stock markets rose to all time high as Reliance Industries, ITC and TCS posted strong gains. At the closing bell yesterday, the BSE Sensex closed higher by 217 points. While, the NSE Nifty finished higher by 51 points led by software stocks and FMCG stocks. As the markets continue to rally, corporate earnings of June quarter will be crucial for the NSE […]
EUR/JPY: Continuation Or Correction- Range Break To Offer Opportunity
EUR/JPY Daily Timeframe Technical Outlook: EUR/JPY has continued to trade within the confined of this broad ascending pitchfork formation extending off the July 2016 lows. The pair is consolidating within its initial monthly opening range after encountering confluence resistance earlier this month at 130.69. Near-term support rests with the monthly open at 127.96 and the focus is on a […]
Phased Not Confused – What Happens Next?
Nearly ripe for the picking, I am busy putting the final touches on my manuscript. The book’s working title, “Phased Not Confused: A Multisensory Teaching Approach to Understanding Your Money, Investments and the Economy” combines how to define, identify and trade within weekly phases. I also include the Modern Family and ten Megatrends as a […]
Hot Options Report: End Of Day – Monday, July 24
Most Active Equity Options And Strikes For The End Of Day, July 24, 2017
BWX Technologies – Chart Of The Day
The Chart of the Day belongs to BWX Technologies (BWXT). I found the precision parts stock by using Barchart to sort today’s All Time High list first by the most frequent number of new highs in the last month, then again by technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 7/5 the stock gained […]
Tech Gaining Momentum. Small Caps Recover
Tech markets continued the good work from Friday as buyers continued to bid up the Nasdaq and Nasdaq 100. Large Caps posted small losses but this was more about attention elsewhere than any Large Cap specifics. The Nasdaq experienced a mini-breakout from the consolidation over the last 3 days (traders on the hourly time frame […]
Brews Might Lose? A Look Into Boston Beer Company’s Upcoming Earnings Report
Photo Credit: Sean Are you going to grab a couple beers with your buddies today? Well when you do, keep in mind that Boston Beer Company (SAM), the brewer of American classic Sam Adams beer, isn’t as strong as it used to be. Our Estimize consensus comes in at $1.36 per share, edging out Wall Street’s $1.29 […]
Weekly Gasoline Price Update: Regular And Premium Up Three Cents
It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium are up three cents a piece from last week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $3.01 and San Francisco, CA is the most expensive city, averaging $3.04. […]
EUR/CAD To Break 1.45?
The euro rally came to a halt today on the back of softer Eurozone data and the recovery in the greenback. Manufacturing activity in the Eurozone slowed in the month of July, causing the PMI composite index to drop to 55.8 from 56.3. Service sector activity remained steady but that was not due to strength […]
