Rubber Seoul
OK, the pun doesn’t really work, because Seoul is in Korea, but it’s all I could come up with at this hour. Anyway, the point is that the USD/JPY is pretty badly stretched to the downside, and thus has ample room to push higher, even within the context of a general downtrend. It’s already happening […]
Chart Of The Day – Stocks To Push Higher?
I suspect the market will be near the all-time highs ahead of the FOMC meeting on May 3rd.
E The Canadian Bond Market Gives A Totally Different Reading Of The Economy
Canada has become one of the fastest growing economies in the developed world. The IMF in its most recent forecast notes that “there has been a very strong data release on monthly GDP in early 2017 for Canada, which bodes very well for growth in the early part of the year.”[1] GDP grew at an […]
Is The Dollar Drop Done? A Tops-Down Look At USD/DXY
A lot can change in a month. It was just a little over a month ago that the Federal Reserve hiked rates at their March meeting. As we were coming into March, there was little expectation for the Fed to actually make a move. Sure, they told markets they wanted three hikes in 2017 at their […]
E Why Ligand Pharmaceuticals Is A Good Long-Term Investment Opportunity
Investing in a biotechnology company involves most of the time considerable risk, however, this kind of businesses could bring tremendous reward when a new drug is approved. On the other hand, when a new drug in development fails in the trial, shares of the company could crash. To demonstrate this situation, let’s observe the 52-week […]
Gold Slammed For Second Day As ‘Someone’ Panic Dumps $3 Billion Notional Ahead Of London Fix
Yesterday, ahead of the London Fix, Gold was monkey-hammered lower on yuuge volume, only to rip back higher. Today, having failed to keep the precious metal down (25,000 contracts dumped in a minute), they went for it again with a $3 billion notional pummeling in futures… And the dollar is deja vu-ing too…
Bear Of The Day: Kohl’s
Headquartered in Menomonee Falls, WI, Kohl’s Corp (KSS – Free Report) operates about 1,100 stores across 49 states and an e-commerce site. Falling estimates sent the stock back to a Zacks Rank #5 (Strong Sell). Weak Guidance Reflects Rising Challenges The retailer reported adjusted earnings of $1.44 per share for Q4, beating the Zacks Consensus Estimate of $1.32. […]
Strong Bonds & Weak GS
“I realized that becoming a master of karate was not about learning 4,000 moves but about doing just a handful of moves 4,000 times.” — Chet Holmes I’m not seeing this market today as a strong one. Stocks aren’t acting great on earnings so far and charts are looking for at least more pause in many […]
ASML Holding N.V. Q1 Earnings Beat, Q2 Forecast In-Line
ASML Holding NV (ADR) (NASDAQ: ASML) early Wednesday posted better than expected first quarter earnings results and offered an in-line outlook for the second quarter, as demand remains high for its semiconductor equipment.
E USD/CHF Trading In Late Stages Of A Three Wave Decline
USD/CHF seems to be trading in a corrective wave 2), as a reaction to the previous five wave rise within wave 1). That said, downside may be limited for wave 2) around the 50.0/61.8 Fibonacci ratio and around the lower corrective channel line. As we know, corrections usually consist out of three waves A-B and […]
