Category Archive: Finance
CannTrust Reports Strong Revenue, Patient Growth And Net Income For The Current Quarter
CannTrust Holdings Inc. (CSE: TRST) announced financial and operating results for the six months ending June 30, 2017. All amounts expressed are in Canadian dollars unless otherwise noted. Revenues for the three and six month periods ended June 30, 2017 were $4,541,378 and $7,574,623 respectively compared to $798,403and $1,499,180 in the comparable 2016 periods. Net Income (loss) for the three and six month periods ended June […]
As Jackson Hole Ends, Here Is The Truth
The 2017 edition of the Jackson Hole symposium is officially over, and while central bankers disappointed markets by not providing any insight into their views on monetary policy (assuming they have any) they instead focused on market stability, and patted themselves on the back for creating a fake “risk-free environment” (which they justify by the […]
Gold – Risk Remains Higher On Trend Resumption
GOLD: The commodity continues to face upside pressure as it looks to resume its upside pressure presently on hold. On the downside, support comes in at the 1,280.00 level where a break will turn attention to the 1,270.00 level. Further down, a cut through here will open the door for a move lower towards the […]
ETH/JPY Edges Higher As Mark Cuban Launches Ethereum-Based Mercury Protocol
Ethereum opened today’s Asian market with a bullish sentiment on the news that entrepreneur Mark Cuban’s team has launched an Ethereum-based mercury protocol. Based on the white paper released by the protocol’s developers, Mercury Protocol is designed as an alternative to centralized communication platforms that aims to ensure the privacy of its users. By using the […]
“Pray For A Bear Market”: One Bank’s “Paradoxical” Advice To Active Managers
Back in April, we showed that according to a Goldman Sachs report, the current run of chronic active manager underperformance began shortly after the launch of QE in 2009. As discussed earlier today by Matt King in his report on “one-way” markets resulting from QE and ETFs, this period has been marked by “stubbornly low volatility and dispersion”, something Goldman […]
USDJPY Daily Analysis – August 28, 2017
USDJPY continued its sideways movement in a narrow range between 108.60 and 109.84. Near term support is at 108.60, a breakdown below this level could take price to test 108.13 (Apr 17 low) key support. Resistance is at 109.84, above this level could take price to 110.60 area.
How To Protect Your Money After A Tough Earnings Season
The second quarter earnings reporting season has proved to be a difficult one for stocks. The earnings reports themselves have been strong. According to FactSet, S&P 500 companies have grown their second quarter earnings 10.2% year-over-year. This marks the best earnings growth since the 11.6% rate recorded in the fourth quarter of 2011. Yet, second quarter […]
Sunday Trio Of Short Ideas
Here are three ideas I’m short (out of my 48 positions) that I found of special interest. First up is Acadia Pharmaceuticals, which is sporting a well-formed diamond pattern. If broken, this becomes a powerful reversal pattern. Next is Advanced Micro Devices. Semiconductors had an incredible run until a few months ago, and they’re all starting to […]
S&P 500, DAX & FTSE 100 On Soft Footing
Talking Points: S&P 500 remains in limbo; highlight event of the week will be NFPs DAX continues to coil, in danger of trading lower soon; Employment, CPI data FTSE 100 light week on the economic calendar, to follow risk trends; keep an eye on 7300 Fundamental Forecast for equity indices: Bearish S&P 500 The big event to end last week […]
