Stocks To Trade: Facebook, Wynn, Electronic Arts
Take a look at three trading ideas to prep you for the next trading session. Long Facebook (FB) Long Wynn Resorts (WYNN) Short Electronic Arts (EA)
Ethereum Price Breakout Underway
ETH/USD Daily Chart Technical Outlook: Heading into the close of October we noted that the focus for Ethereum, “falls on the 275-312/20 range- look for the break for guidance with broader bullish invalidation now set to confluence support at 257.” The November opening range took shape within this same zone with a topside breach shifting the focus higher in Ethereum. Daily […]
4 Benefits Of Leveraged ETFs
Sitting atop this year’s performance gainers are leveraged ETFs. These are funds that use a combination of debt and derivatives to magnify their performance. Are leveraged ETFs right for you? Before tackling this question, let’s examine key trends within this arena. Among this year’s best ETFs are funds concentrated in semiconductors (SOXL), homebuilders (NAIL), and Chinese […]
Bonds Away
Today would have been quite interesting, had it not been for the damned buy-the-dip crowd. One area, however, that’s really starting to break down is high yield bonds. Check this out: Indeed, the HYG and SPY are diverging quite nicely: Anyway, like I said, the day started off great……..but, Jesus Christ on a pita biscuit, […]
Equifax Reports Q3 Adjusted EPS $1.53, Consensus $1.50
Equifax (EFX) reports Q3 revenue $834.8M, consensus $847.05M. The company said, “As we report our third quarter results, we recognize that we have an important journey in front of us to regain the trust and confidence of consumers and our business customers. Our teams have taken immediate actions to improve our data security and provide […]
Macy’s Results Show Rocky Road For Retail
Macy’s (M) is one of the nation’s premier retailers, operating about 885 stores in 45 states, the District of Columbia, Guam and Puerto Rico, under the names of Macy’s, Bloomingdale’s, Bloomingdale’s Outlet and Bluemercury, as well as the macys.com, bloomingdales.com and bluemercury.com websites. Prior to June 1, 2007, Macy’s was known as Federated Department Stores. […]
Green Bonds Boom Set Hit A Record This Year
The green bonds boom is only growing in size. Today, rating agency Moody’s reported that green bond issuance hit a record high in the third quarter of this year demonstrating the expanding demand for ethically-labeled fixed-income instruments from investors. Green bonds were created to fund projects that have positive environmental and climate benefits with the majority of bonds […]
Cable Dumps’n’Pumps As EU Official Says No Brexit Talks Breakthrough
Brexit talks yielded no breakthrough on the financial settlement, and discussions focused on the issue of citizens’ rights, where the two sides are hoping for progress, an EU official told reporters. Bloomberg notes that the anonymous official added that no breakthrough was expected on the bill, as that would require high-level political input, and as Citi notes, this […]
Cryptos May Destabilise Fiat
The assumption in some quarters is that crypto-currencies will replace gold as money, or at least challenge it. This is an error borne out of a misunderstanding of catallactics, or the theory of exchange. It also ignores the fact that beyond a few European countries and North America, gold is firmly money in the minds […]
Stock Market Buy The Dip Rallies Have This Trait In Common
The sell-off looks really good at first, when it breaks the 5-day and 10-day moving averages. Then it takes out the 20-day moving average and it looks like this time is a bit different. But then the afternoon rolls around… From there, the only thing the market can do is continue pushing higher, and that […]
