DAX 30: Volatility Continues To Decline
The DAX 39 is sluggish, but as long as price trades above the March 10 low of 9397 the overall trend remains bullish. The bullish trend implies price may continue to drift higher over the coming days ahead and may reach the January 13 high of 10,166, followed by the January 5 high of 10,395. […]
Buy Ranked Dividend Growth ETFs In Focus After Fed Meeting
All eyes were on the Fed last week. They decided to keep rates unchanged and while not many were expecting a rate increase in this meeting, the probability of rates hikes later this year had gone up substantially of late as the recent economic data has been better than expected. FOMC members however reduced their […]
Global Stocks Levitate Despite Ongoing Oil Weakness; China Stocks Jump After Easing Margin Debt
The sarcastic highlight of the overnight session was the Chinese stock market, where just one month after injecting a record amount of new loans into the financial system, the PBOC lamented the danger posed by China’s tremendous debt load: “Lending as a share of GDP, especially corporate lending as a share of GDP, is too […]
Sterling Pressured By Renewed Brexit Concerns
As reported at 9:48 am (GMT) in London, the GBP/USD was trading lower at $1.4414, down 0.33%; the pair has ranged from $1.4375 to $1.4467 in today’s trading session. The GBP/EUR was lower at 0.7811 Pence, a gain of 0.25% for the Euro; that pair was trading within a band of 0.7789 Pence and 0.7825 […]
USD Recovers Ahead Of More Fed Speak, Home Sales
CIBC is not alone, thinking the dollar’s fall was an overreaction. While the road to recovery may be hard, the team at Goldman Sachs sees the greenback rising: Here is their view, courtesy of eFXnews: Over the past year, the Fed has repeatedly arrested the Dollar rise and this week’s FOMC, with the shift in rhetoric […]
The Top 4 Trading Assets Of The Week
Quick Recap of Global Economic New…… Much of the global economic focus is on the Fed interest-rate decision, the UK Budget and the state of the Chinese economy. The trading activity that we are going to discuss in this week’s post will tackle the hard issues facing these countries and how traders can benefit from […]
Today’s Trading Plan: Going For Six Straight Weeks
Technical Outlook: SPX rallied on Friday for a third straight day following the FOMC Statement. The downtrend off of the November highs has been tested but not broken. A minor rally today would lead to a break of that downtrend. Russell broke out of its bull flag pattern after lagging the market early on last […]
Weekly Market Outlook – 12% Up From Lows, Where To Now?
Weekly Market Outlook – March 21, 2016 We just completed the fifth straight bullish week for the market. The S&P 500 (SPX) (SPY) advanced 1.35% last week, clearing a couple of key resistance lines in the process. Yet, other resistance lines have yet to be hurdled, and could end up being problems that work against stocks now […]
China’s Latest Problem: Half A Trillion Dollars In Unpaid Bills
It’s no secret by now that China has a rather serious debt problem. Although getting a precise read on it is next to impossible, all told the debt pile probably sums to something like $30 trillion. Various reports put the figure at between 250% and 300% of GDP all-in and as we reported back in January, that […]
Valeant Downgraded To Equal Weight From Overweight At Barclays
Barclays analyst Douglas Tsao downgraded Valeant Pharmaceuticals (VRX) to Equal Weight from Overweight and cut his price target for the shares to $34 from $135. The drugmaker closed Friday down 9%, or $2.71, to $26.98. Tsao admits he underestimated the “lasting consequences” of Philidor as well as the near-term impacts of the company’s Walgreens (WBA) […]
