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Knees And Toes

Knees And Toes

We’ll know about eight hours after I’m typing this what the market’s initial reaction to the terrorist attack on Friday is, but as for now, people seem to think (oddly) that it’s bullish. Umm, I’m not a very bright bulb, but I don’t understand the logic there. Well, logic left the building seven years ago, […]
Eros International Plunges Further And Triggers Adjustments On The “Binary Trade”

Eros International Plunges Further And Triggers Adjustments On The “Binary Trade”

Eros International (EROS) faced the public and once again failed to deliver reassurance. EROS management attended the Wells Fargo Technology, Media & Telecom Conference on November 11, 2016, and the stock promptly plunged. By the end of the day, the carnage totaled to a 26% loss. On the 13th, the selling resumed. I guess EROS […]
Weekly Forex Forecast – 11/15/2015

Weekly Forex Forecast – 11/15/2015

EUR/CHF The EUR/CHF pair initially fell during the course of the week, but found enough support just below the 1.08 level to turn things back around and form a hammer. That hammer is similar to the hammer from the previous week, and I believe it’s only a matter of time before we see the buyers […]
Biotechs Send Buy Signal

Biotechs Send Buy Signal

If you were searching for a one-word summary of biotechnology stock performance in September it would be “bloodbath.” On September 21, biotechs fell 6% following a tweet from presidential candidate Hillary Clinton in support of strict drug pricing legislation. Clinton was responding to the 750% price increase of the HIV drug Daraprim by Turing Pharmaceuticals. The […]
International Economic Week In Review: The Slowdown Gains Traction

International Economic Week In Review: The Slowdown Gains Traction

 The OECD is the latest organization to issue a report with downward global growth projections: Global growth has eased to around 3% this year, well below its long-run average. This largely reflects further weakness in EMEs. Deep recessions have emerged in Brazil and Russia, whilst the ongoing slowdown in China and the associated weakness of commodity prices […]
5 Undervalued Companies For Value Investors With A High Beta – November 2015

5 Undervalued Companies For Value Investors With A High Beta – November 2015

There are a number of great companies in the market today. By using the ModernGraham Valuation Model, I’ve selected the five undervalued companies for value investors reviewed by ModernGraham with the highest beta. A company’s beta indicates the correlation at which its price moves in relation to the market.  A beta greater than 1 indicates a […]
EURUSD: Above 1.0673 Zone Leaves Threats To The Upside

EURUSD: Above 1.0673 Zone Leaves Threats To The Upside

EURUSD: With EUR struggling to close marginally higher the past week, risk of a recovery higher is not over yet. This development leaves the 1.0673 zone providing support and leaving threats to the upside. Support comes in at the 1.0700 level but if violated, expect more weakness to occur with eyes on the 1.0673/50 levels. […]
Economic Events Of The Coming Week – 11/15/2015

Economic Events Of The Coming Week – 11/15/2015

Monday: Preliminary data on Japan’s GDP will be released for the third quarter. October’s final estimate for consumer prices in the Eurozone will also see light. ECB President Draghi will speak in Madrid. Tuesday: Consumer, as well as Producer Price Indices will see light in the U.K., where core inflation is still holding strong at 1%. In […]
Weekly Economic & Political Timeline – 11/15/2015

Weekly Economic & Political Timeline – 11/15/2015

This week should be more newsworthy than last week, with key Central Bank events due concerning the USD, the JPY and the AUD. The most important element will be the FOMC Meeting Minutes release on Wednesday as the market will probably see these comments written after the key economic data release from the day before […]
Eight Things On My Mind At The Start Of The New Week

Eight Things On My Mind At The Start Of The New Week

1. Nous Sommes Paris: The attack in Paris is tragic and reprehensible. Our thoughts and prayers are with the victims and the people in France. There are several political and economic consequences, aside from the tighter security and elevated alertness. The attack overshadowed other issues at the G20 meeting. On one hand facing terror, investors often […]