Oil Prices Risk Further Losses As U.S. Output Approaches Record-High
Talking Points: – AUD/USD Clings to Bullish Formation Ahead of RBA Meeting. – USOIL Remains Under Pressure Despite Hurricane Harvey, U.S. Output Approaches Record-High. Ticker Last High Low Daily Change (pip) Daily Range (pip) AUD/USD 0.7942 0.7954 0.7914 10 40 AUD/USD appears to be on its way to test the 2017-high (0.8066) as the recent developments coming […]
5 GARP Stocks To Buy For Marvelous Returns
Growth at a reasonable price or GARP is an excellent strategy for investors looking for healthy returns. It helps an investor gain exposure to stocks that are undervalued and have impressive prospects. However, one should not confuse GARP investing with the blend strategy. While the blend strategy promotes investment in both value and growth stocks, […]
GBPUSD Eyes Recovery Higher Towards The 1.3030 Zone
The GBPUSD pair remains biased to the upside as it faces recovery higher threats. Support lies at the 1.2900 level where a break will turn attention to the 1.2850 level. Further down, support lies at the 1.2800 level. Below here will set the stage for more weakness towards the 1.2750 level. Conversely, resistance stands at […]
The Tropics Remain Quite Active
Harvey appears to be all that was promised and then some, and accordingly we are seeing the market reactions one would expect. September contract RBOB gasoline prices are up 2-3% on refinery outages while October crude prices are down over 3% as there are far fewer open refineries to process it. Crack spreads continue to […]
Third Quarter GDP: What We Know So Far
One month of data for the third quarter is in. The reports are mixed but the number of negative headlines exceeds the number of positive ones. Let’s start with more numbers from today before finishing off with what we know so far. The Census Bureau Report on Advance Economic Indicators shows wholesale inventories rose 0.4% in July. […]
BBY Best Buy Earnings Report 08/29/17 – Weekly ElliottWave Count
BBY Best Buy Inc. (NYSE:BBY) earnings report is due this week on Aug. 29 before the market opens. The earnings report will be for the fiscal Quarter ending July 2017. According to Zacks Investment Research, based on 12 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.63. The reported EPS for the same […]
This Just Happened And It Happens Before Every Bear Market
Obscure indicators are warning investors of bad times ahead. These indicators are useful. But it’s difficult to find the data to follow them. I’m looking at market breadth indicators. Breadth indicators count how many stocks are moving up or down. That’s important information. A bull market can only continue when most stocks are moving up. When too many […]
E End Of August Is Usually Bearish
As reported by the Almanac Trader, over the last 21 years, the last four trading days of August have been somewhat bearish. The lone exception to this trend appears to be the small-cap Russell 2000 index which has managed a small average gain of 0.04% while advancing 12 times (57.1% of the time). The worst […]
Which Is Better: A Human Financial Advisor Or A Robo-Advisor?
Robo-advisors are everywhere you turn. Or, so it seems. These automated online investment platforms appeal to new and younger investors, but they can be a good fit for seasoned pros as well. The key to deciding whether to go robo-advisor or human financial advisor is to understand what’s right for you and your financial […]
A Stock Market Correction Is Imminent
This has been a frustrating earnings season for investors. It’s not that the companies are doing poorly. They are actually topping estimates more than usual. It’s that investors aren’t rewarding them for beating estimates. But, in a broader sense, this anomaly, which hasn’t occurred since 2011, is a sign that a correction is looming. Punished […]
