Scana – Chart Of The Day
The Chart of the Day belongs to SCANA Corp. (NYSE:SCG). I found the electric utility stock by using Barchart to sort today’s All Time High list first by the most frequent number of new highs in the last month then for technical buy signals of 80% or better. I always use the Flipchart feature to review the charts. Since the Trend […]
E Rocky Road: Overestimating The Fed’s Influence
Rocky Road is more than an ice cream flavor, as numerous potholes threaten the lateral stability of a seemingly-rangebound market at a relatively high level. The market’s staggering January decline and subsequent February rebound did indeed start running into trouble around the ‘Ides of March’; then shuffled without resolution to this very moment (off the […]
Same Shape, Different Day
Well, my friends, it’s getting a little challenging adding a lot of new color to a market whose most recent changes for the entire trading day were down a few hundredths of a percentage point on Thursday and up a few hundredths of a percentage point today. Two words: Bo. Ring. The entire market can be beautifully summed up with a single index […]
Barclays Says Sell Ensco, Atwood With Offshore Recovery A Way Off
Barclays downgraded offshore oil drillers Ensco (ESV) and Atwood Oceanics (ATW) to Underweight, the firm’s equivalent of a sell rating, from Equal Weight. Large oil companies probably won’t undertake more drilling projects until at least early 2018, the firm believes. WHAT’S NEW: Barclays analyst J. David Anderson now does not expect the offshore oil drilling […]
Negative Supply And Demand Factors For Bonds Are Just As Bad For Stocks
Last week the Treasury cut back the supply of the 4 week bills to $55 billion from $60 billion. Today they just announced another cut, to $45 billion. As a result of continuing massive demand for short government paper, the 4 week bill rate broke down from its range and closed at 18 basis points […]
E Alder Biopharmaceuticals Inc. Soars 50% On Positive Phase 2 Results
Shares of Alder Biopharmaceuticals Inc. (ALDR) were up almost 50% today after the company announced positive phase 2 results in patients with chronic migraines. More specifically the trial was looking to see how much migraine prevention can be done using the company’s drug ALD403. The ALD403 drug showed that it could work quickly in patients […]
Silver No Fly Zone
Silver is the most managed commodity on the planet because its relationship to gold – because if its held down this will help control the price of gold. The status quo needs to have the multitudes remain complacent and distracted from their nefarious ways, because they are debasing everything, not the least of which is […]
Gold Daily And Silver Weekly Charts – Very Quiet Trade After Overnight Flash Crash
There was a ‘flash crash’ in the very quiet overnight, but gold managed to gain it back and then come, closing positive on the day. Silver was quiet, holding its ground. The Bucket Shop was delivery quiet last Friday, and there was a little bullion sloshing around in the warehouses as you can see below. […]
The Gravity Of The Liquidity Situation
In the long list of nightmares that market risk managers have to wrestle with on a daily basis, some have gradually receded. For competently-run banks and large trading institutions, the possibility of a rogue trader making undiscovered trades or mis-marking his own book – another Nick Leeson – is increasingly remote given the layers of oversight. But […]
4 Income Stocks To Buy Now
The U.S. stock market is in a bull-bear tug of war and naturally, analysts and market watchers are, at this point, divided over speculations as to where the market is headed. Though the middle stance seems most plausible, the markets may witness higher volatility in the days ahead. Moreover, the ongoing see-saw in the financial […]
