4 Breakout Stocks For Incredible Returns
Identifying breakout stocks is probably one of the elementary techniques utilized by active investors. The reasoning behind this approach to stock selection is to identify which stocks are trading within a narrow band. These stocks are to be bought as soon as they move above this band and are sold when they fall below. In […]
Ups And Downs
Inventories up and inventories down. Oil prices are conflicted about rising U.S. oil inventories versus a dramatic drop in global oil inventories. While the Energy Information Administration (EIA) reported a 2.8 million barrel increase, a report by Bernstein Energy is showing that global oil inventories have fallen by 24 million barrels to 5.7 billion barrels […]
We Called This Flashing Danger Signal Back In October – Here’s What’s Next
While all eyes are on interest rates in the Treasury market, an even more important global interest rate recently breached a key level for the first time since the financial crisis: the London Interbank Offered Rate (LIBOR). On December 29, 2016 LIBOR hit 1% for the first time in seven-and-a-half years. I wrote back […]
WTI Crude Oil And Natural Gas Forecast – Thursday, Jan. 26
WTI Crude Oil The WTI Crude Oil market initially tried to rally during the session on Wednesday, but turned around to form a less than stellar looking candle. Because of this, I believe that the market is going to continue to consolidate overall. The $51 level below is massively supportive, and it extends all the […]
Morning Call For Thursday, Jan. 26
OVERNIGHT MARKETS AND NEWS Mar E-mini S&Ps (ESH17 +0.03%) are up +0.03% at a fresh all-time nearest-futures high and European stocks are up +0.22% at a 13-month high as global equity markets continue this week’s rally on expectations of stronger economic growth and government spending by the Trump administration. Stronger-than-expected UK Q4 GDP was positive for […]
Does The Mexican Peso Have Further To Fall?
Historic Devaluation The Mexican Peso has been under significant pressure over the last year, and the current level of devaluation in the currency is historic in both nominal and real terms.In the first 8 trading days of 2017, the Peso lost just under 14% of its value against the US Dollar. The sell -off, which […]
Dollar Is Firmer, But Mostly Sidelined, As Equity Charge Continues
The US dollar is mostly firmer against the major currencies but is confined to narrow ranges, and well-worn ranges at that, but the focus has shifted to the strong advance in equities. Yesterday, the Dow Jones Industrials finally rose through the psychologically-important 20k level, and the S&P 500 gapped higher to new record levels. The […]
Crude Oil Prices Mark Time As All Eyes Stay On The White House
Crude oil prices continue to mark time in familiar territory. A larger-than-expected inventory build reported by the EIA applied a bit of selling pressure but failed to push prices out of recent ranges. The data showed stockpiles added 2.84 million barrels last week, much more than the 1.47mb gain projected by economists. Gold prices declined as US Treasury bond […]
Softer Growth Expected For Tomorrow’s US Q4 GDP Report
US economic growth is widely expected to decelerate in tomorrow’s “advance” GDP release for the fourth quarter after a strong increase in Q3. Most forecasters see output rising in the low-2% range, roughly unchanged from last month’s review and well below the robust 3.5% expansion in Q3 (based on the seasonally adjusted annual rate). The Wall Street […]
Global Stock Index On Verge Of All-Time High Propelled By “Dow 20,000” Euphoria
With global stock markets basking in the afterglow of Dow crossing 20,000 for the first time, on Thursday they propelled higher in sympathy with the US, as Asia and Europe are trading solidly in the green, as is the dollar which rebounded strongly off a 5 week low. Copper touched the highest price since November […]
