Chart Of The Day – Channel Breakout
When the price breaks out of the bull market channel, it’s time for the crazy nutty phase of the bubble to begin. During this phase, the price can rally 100% or more in a year or less as the public begins to pile into the market. The PPT is going to “protect” the market right […]
Euro/Dollar Has Returned To The 1.1380 Support
The US dollar’s day started with a drop. During trading in Asia, the US dollar index (DXY) fell to 95.46. During trading in Europe, it recovered all its losses, restoring to 95.88. On the back of a strengthening dollar, the euro/dollar rate has fallen from 1.1456 to 1.1372 (-84 pips). Sellers didn’t manage to break […]
Dollar Drops And Stocks Surge As Yellen Echoes The ’Fed Put’
The first day of the Federal Reserve’s Humphrey-Hawkins testimony appears to have been well-received, at least by equity markets. During yesterday’s testimony, Chair Yellen reiterated that the bank is continuing to look to tighten policy while also preparing to start reducing the balance sheet by the end of this year. What might not have been […]
Intro Guide To The Fidelity Select Medical Equipment & Systems Fund (FSMEX)
Fidelity Select Medical Equipment & Systems (FSMEX – Free Report) a Zacks Rank #1 (Strong Buy) invests at least 80% of assets in common stocks of companies principally engaged in research, development, manufacture, distribution, supply, or sale of medical equipment and devices and related technologies. The fund offers dividends and capital gains twice a year in April […]
July 2017 Initial Unemployment Claims Rolling Average Again Marginally Worsens
The market expectations for weekly initial unemployment claims (from Bloomberg / Econoday) were 242 K to 250 K (consensus 245,000), and the Department of Labor reported 247,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 243,500 […]
An Anecdote On The German Housing Bubble
I don’t know if there is a German housing bubble or even whether there will be one. I do know that we hear a lot about it in the press – the result of zero, even negative, interest rates. So let me give you a little anecdote from my trip to Germany last week. I […]
Gold’s Shift
I was initially going to try to write something about equities (specifically, the ES), but Good Lord, what on earth is there to say except… endless abortions. What I mean by that is that every time it seems we’re set up to fall (see green tint), voila, we abort the breakdown and Yellen saves the […]
Stocks Get Closer To June Record High, Will Uptrend Continue?
Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year’s all-time high: Intraday outlook (next 24 hours): bearish Short-term outlook (next 1-2 weeks): bearish Medium-term outlook (next 1-3 months): neutral Long-term outlook (next year): neutral The main U.S. stock market indexes […]
June Producer Price Index: Final Demand Inches Up
Today’s release of the June Producer Price Index (PPI) for Final Demand came in at 0.1% month-over-month seasonally adjusted, up from last month’s 0.0%. It is at 2.0% year-over-year, down from 2.4% last month, on a non-seasonally adjusted basis. Core Final Demand (less food and energy) came in at 0.31% MoM, down from 0.3% the […]
OpGen Announces Pricing Of $10.0 Million Public Offering
GAITHERSBURG, Md., July 13, 2017 (GLOBE NEWSWIRE) — OpGen, Inc. (Nasdaq:OPGN) announces the pricing of a public offering of an aggregate of 25,000,000 units. Each unit is comprised of one share of common stock (or common stock equivalent) and one common warrant to purchase one share of common stock. The units are being offered at […]
