AUD/USD Pulled Back From 0.7989
Under pressure by the top trend line of the price channel on its monthly chart, AUD/USD pulled back from 0.7989 and moved sideways in a narrow range between 0.7875 and 0.7989. As long as the 0.7830 support holds, the sideways movement could be treated as a consolidation of the uptrend from 0.7571. Another rise towards […]
Blue Chip Stocks In Focus: Chevron
Over the past several decades, human energy consumption has grown exponentially. For this reason, it is very unsurprising that there exist many high-quality energy businesses in our blue chip stocks database. To be a member of the Sure Dividend blue chip stocks database, a company must: Have a 100+ year operating history Pay a 3%+ […]
Wall Street Agrees On When The Bull Market Will Finally End
US stock indexes remain at record highs, and volatility near its lows, despite signs that their record setting run is losing steam as it becomes increasingly dependent on a narrow band of stocks. Indeed, signs that the rally is running on fumes have convinced portfolio managers and Wall Street strategists that the second-longest bull market […]
The Two Charts That Dictate The Future Of The Economy
The stock market, bond yields and statistical measures of the economy can be gamed, manipulated and massaged by authorities, but the real economy cannot. This is especially true for the core drivers of the economy, real (adjusted for inflation) household income and real disposable household income, i.e. the real income remaining after debt service (interest and principal), rent, healthcare […]
Crude Oil Prices Eye EIA Data, Gold Drops As Fed Decision Nears
Crude oil prices shot higher as the United Arab Emirates stressed its commitment to OPEC-led coordinated production cut effort and pledged to reduce shipments by a further 10 percent starting in September. The comments echoed similar remarks from Saudi Arabia yesterday. Prices got a further boost from API data showing US inventories shed a hefty 10.2 million barrels last week. The official […]
Sensex Opens Flat; Metal Stocks Rally
Asian equity markets are trading on a positive note with Shanghai Composite trading higher by 0.2%. The benchmark index in Japan too is trading higher by 0.5%. US benchmark indices closed their yesterday’s session in green after a bunch of companies reported better than expected quarterly results. Back home, share markets in India have opened the day on […]
Sienna Biopharmaceuticals Expected To IPO On Thursday
Sienna Biopharmaceuticals (Nasdaq: SNNA) filed an S-1/A for its upcoming initial public offering with the Securities and Exchange Commission and is expected to make its market debut on Thursday (7/27). Sienna hopes to raise $65M, through its offer of 4,333,333 shares at a marketed price range of $14 to $16. It has an additional 650,000 shares over-allotted for […]
Aussie Dives As Highly Anticipated CPI Print Misses, Lowe On Deck
Ok, so believe it or not, you’re going to need to parse the Australian CPI print. After a dramatic (as these things go) week, the aussie is in focus on Tuesday as traders are looking to the data and also to a speech from RBA Governor Lowe for clues about what to expect from the RBA […]
Gold Market Update – Tuesday, July 25
Gold prices are down in late U.S. trading, as the dollar strengthened on the back of the better-than-expected U.S. data. The Conference Board’s consumer confidence index came in at 121.1, up from the previous month’s 117.3 and above expectations for a reading of 116.5. XAU/USD traded as low as $1249.04 an ounce but recovered some […]
Today The SPY Made A Higher High
SPX Monitoring purposes; Covered short on 7/6 at 2409.75=gain 1.2%; Short SPX 6/26/17 at 2439.07. Monitoring purposes Gold: Neutral Long Term Trend monitor purposes: Neutral. Yesterday we said, “Five of the last six instances since January 2017, when the three period moving average of the Equity Put/Call ratio reached .56 and below, produced a sideways […]
