A Curious Beast: Sotheby’s
Sotheby’s (BID) is a curious beast, because it’s one of the few public companies that pretty much caters just to the rich. After all, how many of us are going to toddle down to the auction to put $30 million for a piece of modern art? Anyway, it recently had a very large bearish engulfing […]
Four Of The Best Beer Stocks For Investors
Beer is hot right now and so are many beer stocks. But you shouldn’t just throw money blindly into this sector. There are some beer stocks that are doing things right, earning market share and growing revenues, and then there are the others who seem to be lost at sea. In this post, I am […]
The Market Continues As The Bullish Percents Point Lower
I don’t have much time today. The general market short-term downtrend continues as the bullish percents point lower. Based on this chart below, we should be on watch for signs that the medium-term trend is turning down. Outlook The ECRI index has bottomed out and is pointing higher, however, weak M2 growth is […]
2018 Budget: Buhari Proposes N8.6 Trillion; 16% Higher Than 2017
The Nigerian president Muhammadu Buhari on Tuesday presented the 2018 proposed budget to a joint session of the National Assembly in Abuja. According to the president, the budget will consolidate on the achievements of previous budgets and help actualize the Nigeria’s Economic Recovery and Growth Plan (ERGP) 2018-2020. President Muhammadu Buhari (C) presenting copies of the 2017 […]
Further GWDD Additions Continue To Support Natural Gas
Despite declines overnight and into the morning hours, natural gas prices were able to recover today and settle a bit higher following their significant rally yesterday. Much of this appeared to be due to continued GWDD additions to the short and long-term weather forecasts. Part of this is coming from recent cash strength ahead of […]
Metals And Miners Continue To Whipsaw In Either Direction
Little changed from Monday’s update. Metals and Miners continue to whipsaw in either direction. Nevertheless, our primary analysis calls for a breakdown, likely before the end of next week. Gold would have to recapture $1,300 to prevent a November slump. A breakdown in gold would summon a retest of support around $1,200. I have a […]
Battling Euphoria With Limited Risk And Limited Time
Video Length: 00:13:02 In tonight’s video market update we look at the stages every market cycle goes through and why this current market cycle is in the euphoria stage. Watch this video to find out what to do in this kind of market…
Here’s What’s Driving The Oil Price Higher
The West Texas Intermediate crude oil price, the U.S. benchmark, just hit its highest price in 2 1/2 years. We need to know what’s driving it to decide if we should put some oil producers in our portfolio. It’s rising, in part, because of Saudi Arabia’s constant barrage of production-cut rhetoric. The kingdom was on a publicity blitz over […]
Forex Metrics And Charts – November 2017
The Top 10 of the Ranking and Rating list for the coming month shows the following stronger currencies being well represented for going long: the EUR(4X) followed by the USD(3X) and the CAD(2X). The weaker currencies are the CHF(4X) followed by the NZD(3X) and the AUD(2X). By diversifying a nice combination can be traded in the […]
