E The Daily Shot And Data – March 28, 2016
We begin with a few updates on the energy markers. 1. US miles driven reaches another record as Americans hit the road. This has resulted in elevated gasoline demand which remains firmly above the 5-year range. Source: Credit Suisse Gasoline expenses are quite low as a share of disposable income and should continue to add to […]
E Stocks To Buy Pre-Brexit
*Tomorrow’s Barron’s suggests buying not one but two of our existing holdings, both of which I have already partly exited, with profits on one and a loss on the other. The profits were on Marine Harvest Group (MHG), the Norwegian supplier of cheap protein from salmon fish-farms to the world. It is gaining from an algae outbreak in Chilean […]
Futures Rise In Thin Trading On Back Of Yen Weakness; Europe Closed
With European markets closed across the continent on Monday as the Easter holiday continues, overnight Asia was busy with the Shanghai Composite letting off some steam, and closing down 0.7% at session lows on concerns the Shanghai and Shenzhen home bubble have been popped prematurely by the politburo. Japan was a different story with the Yen […]
Qualcomm Downgraded To Equal Weight From Overweight At Barclays
Barclays analyst Blayne Curtis downgraded Qualcomm (QCOM) to Equal Weight saying the chipmaker has a “harder road ahead” with Intel (INTC) likely gaining share at Apple (AAPL) this year. Apple is likely using Intel as a second source for modems, Curtis tells investors in a research note. He says he “clearly underestimated” Intel’s ability to […]
Global Markets Fell Last Week–Biggest Setback In Over A Month
The five-week streak of higher prices hit a wall last week for the major asset classes via a set of proxy ETFs. For the first time in over a month, losses dominated the trading week just passed. The four-day stretch through Mar. 24 (the Good Friday holiday trimmed the usual schedule) dispensed losses across the board—the broadest […]
Look For These Candlestick Patterns To Make More Money
I recently showed you how you can use Japanese “candlestick” charts to detect real-time changes in the momentum of the market. Knowing how to read these charts is critical to making sure you’re on the right side of the action, every time. That’s because the charts themselves can fill you in on emerging trading patterns. Today I […]
Dollar Lower To Start North American Session
The US dollar is mostly lower as the North American session is set to begin. The holiday in many centers, especially in Europe, has limited activity, and a few orders seemed to drive prices, which remain within the recent ranges. The Japanese yen is the main exception. The greenback’s gains have been extended into the seventh session, […]
US Dollar May Rise As PCE Data Boosts Fed Rate Hike Bets
The Japanese Yen underperformed in otherwise quiet overnight trade. The played out as Japan’s Nikkei 225 stock index traded higher, undermining demand for the anti-risk currency. Shares rose to the highest level in over a week in a move the newswires attributed to expectations that Sharp Corp and Foxconn are set to finalize a takeover deal after prolonged delays. […]
20 Strong Dividend Growth Stocks – Rock Solid Ranking
Last year, I created the Rock Solid Ranking, a dynamic stock ranking list that shows a value for each dividend stock I follow. I’ve worked on calculations that consider several metrics in order to find the best companies among all those on the stock market. This list is particularly useful when the stock market is becoming […]
EUR/USD And GBP/USD Forecast – March 28, 2016
EUR/USD The EUR/USD pair did very little during the session on Friday, as Christians around the world celebrated Good Friday. This of course meant that there was almost no liquidity. With this, the market didn’t do much but it appears that we are trying to find support somewhere near the 1.1150 level. With this, the […]
