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 […]
Close But No Cookies
Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW + 100 = 21,613 SPX + 7 = 2477 (record) NAS + 1 = 6412 (record) RUT + 12 = 1450 (record) 10 Y + .07 = 2.33% OIL + .61 = 48.50 GOLD – 5.40 = 1250.60 BITCOIN – 1.70% = 2547.12 USD […]
China’s Banks Deliver RMB In June
Updated statistics from the People’s Bank of China shed some light on changing money conditions in RMB. The Big 4 State-owned banks have been the primary liquidity conduit for all policies and activities going back to 2014. These institutions had been since the middle of 2016 increasingly squeezed as to excess funding available to be […]
FOMC Decision And Comex Option Expiration For Precious Metals Tomorrow – Beware The Leaven Of The Pharisees
“Beware the leaven of the Pharisees, which is pious, hollow hypocrisy. There is nothing covered that shall not be revealed, and hidden, that shall not be made known. Whatever has been said in the darkness shall be heard in the light: and what has been whispered behind closed doors shall be shouted from the roof […]
Market Rates – Tuesday, July 25
The short-term trend keeps pushing higher. It has been really impressive. But the best days to buy stocks are early in the trend, and we are past that point. Now, I think we just have to sit back and wait. On the weekly chart, we are just entering into the overbought range. I know these […]
Blue Chip Stocks In Focus: Verizon
When investors consider buying high-quality stocks, the term ‘blue chip’ often comes to mind. There is no official definition of what constitutes a blue chip. Our definition of a ‘blue chip’ stock, is a company that has satisfied two criteria. First, the company in question has an operating history of over 100 years. Second, it […]
U.S. Steel Rallies On Huge Earnings Beat, Flat-Rolled Segment Growth
United States Steel Corp. (X – Free Report) released its second quarter fiscal 2017 financial results, posting earnings of $1.07 cents per share and revenues of $3.14 billion. Currently, X is a Zacks Rank #3 (Hold), and is up almost 9% to $26.62 per share in trading shortly after its earnings report was released. U.S. Steel: Beat […]
