Employment Numbers An April Snow Job
Donald Trump managed to shove his way into the spotlight again last week, claiming the US is heading for “a massive recession.” Unsurprisingly, the mainstream media scoffed at Trump’s assertion, pointing to the “great jobs report” that came out Friday. The report did show the US economy added some 215,000 jobs, slightly more than expected. […]
Binary Options Assets In Focus – April 6, 2016
During the day on Wednesday, the FOMC Meeting Minutes come out, which of course will have a massive effect on the US dollar, which in turn will massively affect world markets in general. Because of this, expect quite a bit of volatility later in the day. Silver bounces Silver markets have had a couple of […]
Big Trouble Ahead For Copper Is Good For Silver
It looks there may be trouble ahead for copper. This goes well beyond the falling copper price and annual surpluses. According to the article, China’s True Demand For Copper Is Only Half as Much as You Think: For years, traders on the mainland have used copper as collateral to finance trades in which they borrowed foreign currencies […]
E Greenbrier: Did Railcar Orders Really Fall 70%?
Greenbrier’s (GBX) FQ2 results were, at least to my mind, a disaster. The company missed on all fronts. Revenue of $669 million was $60 million shy of the $730 million analysts were expecting. Earnings per share of $1.141 missed by $0.15. I assumed the company would meet revenue expectations due to deliveries from its backlog. […]
Tesla Motors Releases Much Anticipated Model 3
Tesla Motors, Inc. (TSLA) is an American automotive and energy storage company that designs, manufactures, and sells luxury electric cars, electric vehicle powertrain components, and battery products. The company also offers electric vehicle powertrain components and systems to other manufacturers. Tesla Motors, Inc. sells its products through a network of Tesla stores and galleries, as well […]
Morningstar Buy Signals
Today I added Morningstar (MORN) to the Barchart Van Meerten New High portfolio for positive price momentum. Barchart technical indicators: 80% technical buy signals Trend Spotter buy signal Above its 20, 50 and 100 day moving averages 18 new highs and up 9.61% in the last month Relative Strength Index 69.57% Technical support level at 86.80 Recently traded at […]
Face The Music And Dance
So, what’s the trouble ahead? Was sell-off Tuesday a sign of a severely overbought market correcting (see McClellan Summation index below)? Worries about a weak earnings? Is Greece crawling its way back to the forefront as the IMF and EU duke it out over another rescue (the IMF recent leak)? Do the so-called Panama Papers […]
Solid Versus Shaky
This post was intended to show a bunch of index charts and divide them into “solid” (those with solidly bearish patterns, in spite of the absolutely ludicrous and brain-dead rally from February 11 through April 1) and “shaky’ patterns. It turns out that I’ve only got one ‘shaky” chart to offer, which is the Dow 30, since it violated […]
New IOS Update Found To Have Privacy Issues
On March 21st, Apple held a launch event for the company’s newest products and updates. Included in that presentation was the latest operating system update. Some of the positive changes made to iOS 9.3.1 include fixing of the bug that would cause the iPhone to lock up and drain battery usage, as well as the problems […]
Crude Spikes After Biggest Inventory Draw In 2016
WTI’s ‘mysterious’ spike into the NYMEX close extended after hours (almost as if someone knew something). Inventories drew down 4.6mm barrels according to API (drastically less than the expected 2.85mm build). This is the biggest weekly draw since Jan 1. Cushing was expected to see a build of 100k (after 2 weeks of draws) but saw […]
