Market Talk – Thursday, April 13
Currency, namely YEN, was the main talking point for the day as then yen approached 109 over Two big figures on the week. This obviously the currency move hit the Nikkei which closed down -0.7% all surrounding the on-going geopolitical concerns. Late in US trading news that the USA had dropped a large devise on […]
CADJPY Technical Analysis April 13, 2017
CADJPY has been moving lower since December 2016. Price is entering an area where the pair can possibly bounce and reverse higher. There are a couple bullish patterns that seem to be forming and traders need to wait and see if CADJPY will find a bottom and terminate the bearish cycle that it is currently […]
Gold Poised – $1291 Is A Game Changer
By Ross Norman Gold is poised to crack the critically important $1291 level which is a trendline going to back to the all time high on September 22nd 2011 when gold hit $1922 an ounce. Conclusively breaching this trendline is to say we are very much back in a bull run. With $1291 breached there […]
Yext Shares Soar Over 25% In IPO
On Thursday, shares of Yext Inc. (YEXT), a “digital knowledge” company, soared over 25% in morning trading after its initial public offering. YEXT stock started trading on the New York Stock Exchange at $14 per share, above its IPO price of $11 per share, which the company finalized last night. This means it has raised at least […]
Chart Of The Day: Central Bank Intervention For Dummies
It’s become readily apparent to me lately that retail investors do not appreciate the extent to which the returns they’ve enjoyed since 2009 are directly attributable to central bank largesse. Normally, we could just write that off as harmless naiveté, but at this point it’s dangerous. Most investors have no conception whatsoever of the extent to which […]
Stocks That Bill Gates Has Been Buying Recently
Bill Gates, the founder of Microsoft (MSFT), is the wealthiest man in the world, although Amazon’s (AMZN) Jeff Bezos has been gaining on him recently. You may or may not be aware, but Bill Gates has his own hedge fund, called Cascade Investments. By looking at some of the recent trades of this billionaire, you […]
Will Anybody Step Up And Buy Whole Foods Market?
Activist hedge fund Jana Partners has amassed an 8% stake in Whole Foods Market (WFM) and is urging them to work harder harnessing strategies to maximize operational efficiencies and also test the waters in terms of possible takeover interest. I have been a fan of the company for a long time, and of the stock ever since […]
Central Bank Hubris Bubbles To The Surface
Albert Edwards at Society General commented today on Central Bank Hubris, deflation, and the flattening of the US yield curve. Here are some email snips. How’s this for Grade 1 central bank hubris? Peter Praet, the ECB’s chief economist said in a recent interview that, “Since the crisis, we have had serious concerns about deflationary risks […]
India Stock Market About To Test Bull Market Breakout
The stock market in India is our favorite market, and we expressed that many times in the last 18 months. Our India stock market outlook for 2017 is coming to pass. Recently, we made another bullish call on the Indian stock market right at a time it was ready to challenge all-time highs. Things evolved faster than we anticipated, as the India […]
