Gold Up On Soft Dollar After Weak U.S. Data
The market started the week on the back foot, testing the 1208/5 support level, but weaker-than-expected economic data out of the United States helped gold recover initial losses and close above the 1221 level. The XAU/USD pair traded as high as $1223 an ounce after the Commerce Department’s report showed that personal spending rose only […]
Daily Market Analysis – 3/29/16
Video length: 00:01:39 During the day on Tuesday, we will more than likely have a fairly quiet session. We have Consumer Confidence numbers coming out, and with that being the case stock markets could move in the United States but beyond that we don’t expect much in the way of volatility. On top of that, […]
Late Night Futures Update
Futures steadily higher as we start to approach the early morning trading action. Stocks have been on he decline of late, but the pullback has been extremely shallow and nothing that invokes fear from traders near and far. Even if the market opens lower tomorrow, there is little reason to believe that the dip buyers […]
Corporate Profits And Cash Flow Also Suggest Worse
The “final” estimate for Q4 GDP was uninteresting save the update to corporate profits and cash flow. The upward revision to 1.4% wasn’t really any different than the preliminary or advance estimates, and since 12% of it was simply a guess by the BEA it doesn’t amount to a whole lot of solid analysis especially […]
E Thoughts On Growth Stocks: Apple, Sherwin-Williams, Disney
Here are some growth stocks that have recent positive catalysts. All three companies are managed well, which drives their stocks to outperform over the long-term. They all have a tendency to grow earnings at above average rates, which drives the stock’s outperformance. The Lower-Priced iPhone SE Apple (AAPL) will expand its user base with the […]
Marc Faber: Gold Still Most Desirable Currency In Wake Of Brussels Attack
After several years of low gold prices, 2016 has brought a rebound, with the metal rising almost 20% since the first of the year, although recent price corrections have slowed gold’s advance. After the Brussels terrorist attacks last Tuesday, gold rose briefly, but then was undercut by a strong U.S. dollar rally. Investors are wondering […]
E Short Term Alpha, With Defined Risk And Return
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Illustrating a trade I initiated on Monday March 28th, the trade is based on the study of price patterns. The risk and return are defined, and the duration I am targeting is 6-8 […]
Dow Jones Industrial Average Today Climbs 19 Points Ahead Of Yellen Speech
Monday’s trading session was just another sign that the U.S. Federal Reserve is holding the markets hostage with mixed messages on the timing of its next interest rate hike. Like a dog told to come from across the yard while its leash is tied to a tree, the Dow Jones Industrial Average didn’t go anywhere today as traders await a speech from […]
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 […]
