This Trend Line Can’t Be Breached
Stocks simply don’t want to give up this ride from the past 8 years. It can’t. IT WON’T! And that is because you have this massive long-term trend-line going back to February of last year that simply won’t break. Look, I would love for a pullback of at least 10% in this market. It needs […]
Easy Jobs, Tight Labor
The latest consumer confidence survey for the USA ticked up in July, but the key detail or information/signal within the survey comes from a subindex called “Jobs Plentiful” – and this subindex has risen to a 16-year high. It’s also worth noting, on the flipside, the “Jobs Hard to Find” subindex has also dropped to a 16-year low. […]
Is Gold Breaking Above $1,300 Per Ounce?
Higher prices of gold and silver should attract investors but it is not always the case. Look at this chart: Interestingly, this month, despite a 3.6% increase in silver prices, as many as 8.6 million ounces of silver were withdrawn from SLV vaults (and the 2017 cumulative flow is still negative – look at the lower […]
September Natural Gas Goes Off The Board With A Bang
The September natural gas contract went off the board today in the midst of Tropical Storm Harvey still churning in the Gulf of Mexico, and the result was a bit of excitement. The expiry led to the first prompt month close above the prompt month 60-Day Moving Average (DMA) since late May, though much of […]
High-Grade Corporate Bond Market “Could Get Ugly” If Interest Rates Rise Fast
When liquidity is most needed in the high-grade corporate bond market, it “could get ugly,” Bank of America Merrill Lynch predicts. While total volume has increased meaningfully since 2006, don’t let that fool you. The markets are not liquid, the analysts say, pointing to the Volcker Rule and central bank quantitative easing that has put investors reaching […]
Electrovaya Inc.: Well Priced For Those Wanting Exposure To The Lithium Space
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Written by SmallCapPower.com About Electrovaya Inc. (EFLVF) designs, develops and manufactures proprietary Lithium Ion Super Polymer batteries, battery systems, and battery-related products for energy storage, clean electric transportation and other specialized applications. fully-owned […]
Markets Shrug Off North Korea Threat?
Video by: Steve Sosnick Steve Sosnick, Chief Options Strategist at Interactive Brokers, discusses the threat of North Korea and whether the market is incredibly healthy or in a state of denial. Video Length:00:02:19
Gold Ratios
The GLD ETF that tracks the yellow metal is now up 13% year-to-date after breaking out of a sideways range yesterday. Check out the chart for GLD below. We like to look at gold price ratios compared to other metals, and below we’ve charted the historical silver-to-gold ratio and platinum-to-gold ratio. When the line is […]
Tata Steel Trade Setup
Tata Steel has made a rising wedge on the daily chart with RSI 14 negative diversion. If rising wedge breaks, one can go short below 628 Target 615-605-595. Daily Chart are hereby for your reference
Biotech ETFs Soar On Gilead-Kite Deal
Gilead Sciences (GILD – Free Report) showered gains on the biotech ETF world on August 28 by announcing the buyout news of Kite Pharma (KITE – Free Report) for $11.9 billion. GILD shares gained over 1.2% while KITE shares surged about 28% on the day, responding to the super deal. Kite Pharma is a clinical-stage biopharmaceutical company, focused on […]
