Draghi Blew It – Euro, Stocks Retrace Bazooka Bounce
Within an hour of unleashing the yuuge bazooka, Draghi blew it by failing Central Planning 101: *DRAGHI DOESN’T ANTICIPATE MORE RATE CUTS BASED ON CURRENT VIEW As we tweeted – you never close an open-ended monetary stimulus package… EURUSD has entirely retraced the plunge and Dow futures are tumbling back to reality… From hero to […]
Today’s Trading Plan: The Draghi Pump
Technical Outlook: Pre-market strength following dovish actions taken by Draghi and the ECB has the market looking to breakout of the 30 minute bull flag pattern on SPX. SPX looking to get back above the 2000 price level. Declining resistance at 2020 off of the December highs and a test of the 200-day moving average share the same price […]
Lockheed Martin Stock Presents An Attractive Risk-Reward Bet
If you like Donald Trump, if you expect him to become the next President, what should you do with your money? You can’t do better than buying Lockheed Martin (NYSE:LMT) stock. Flickr The company, formed by a $11 billion merger in 1994, now has a market cap of $66 billion. You get a dividend yield of 3% […]
ECB Cuts All 3 Key Rates, Increases QE By EUR 20B Per Month
ECB Cuts All Three Rates and Increases QE by €20 Billion a Month The European Central Bank announced this morning that they would cut all three of the benchmark (to zero), marginal lending (also to zero) and deposit rates (to -.4%); along with a larger than expected increase to the bank’s monthly bond purchases by […]
Alibaba Beats Baidu, Tencent In Mobile Internet Ad Revenue
Chinese e-commerce giant Alibaba (BABA) has not only successfully transitioned from desktop to mobile, but also has grabbed the largest share of mobile Internet ad spending in China. The Hangzhou-based company’s biggest rivals Baidu (BIDU) and Tencent (TCTZF) lag far behind. According to research firm eMarketer, digital and mobile Internet ad spending in China is expected […]
King Dollar- Creating Bullish Reversal Patterns At Support
The chart above looks at the US Dollar and Euro, on a monthly basis, over the past 10-years. Over the past year the US$ has traded sideways, after a strong rally. The Euro pattern is the opposite, trading sideways, after a large decline. I do find this one issue interesting; the US$ as it hits […]
Draghi’s Shock And Awe Bazooka Backfires With Huge Whipsaw
ECB president Mario Draghi pulled out a bazooka today with a package that allegedly exceeded expectations. QE goes from €60bn to €80bn ECB to buy corporate bonds ECB Cut the deposit rate to -0.4% from -0.3% The The main refinancing rate fell by 5 basis points to 0 per cent The Financial Times reported “The […]
Euro Destructo
Well, Draghi whipped out the bazooka… And the destructive effect so far on the Euro has been pretty epic so far… How the day ends will be quite telling. At the moment… not happy!
How To Trade Citigroup Stock
The performance of Citigroup Inc. (C) leaves traders with little room for second-guessing this bearish option. Unfortunately, for those going long on the stock there is little to be optimistic about – at least over the short-term. The declines in banking and financial stocks in 2016 have been precipitated by a loss of confidence in central banks […]
The ECB’s Embarrassing Inflation Forecast Implodes
Three months ago, when the ECB released its latest quarterly inflation expectations, we mocked that “there is a bit of a hockeystick” going from 2015 to 2016, when HICP inflation was expected to soar from 0.1% to 1.0%. We said the following: “in March 2014, the ECB predicted 2016 year end inflation would be 1.5%. It […]
