VIX Below 10 Handle: Should Be Even Lower
The stock market had an amazing week as optimism surrounding earnings season pushed stocks higher. Investors are ignoring the nonsense in Washington because it’s mostly hot air. The fact that there disfunction in Washington instead of it easily passing bad laws caps the amount it can hurt stocks since nothing is getting done. The S&P […]
Invitation Homes Could Dip With Upcoming Lock-Up Expiration
July 31, 2017, concludes the 180-day lock-up period on Invitation Homes (NYSE:INVH). When the lock-up period ends, its executives, directors and pre-IPO shareholders will have the chance to sell 225M shares, previously restricted since the firm’s IPO. (S-1/A) The possibility of a sudden increase in available stock on the open market may significantly pressure INVH’s […]
Trades For Earnings Season
Video length: 00:13:33 A slow trading day ahead of earnings season. In tonight’s video, we explore the specific strategies of trading options around earnings announcements. What are the opportunities and how you can limit your risk? Watch this crucial video update on earnings trades before you place a trade in any stock that has earnings […]
The Rally In Stocks Continues
The rally in stocks continues to be unstoppable while people like me continue to bite their nails and worry. The short-term uptrend is being confirmed by the bullish percents. Junk bonds also continue to confirm the uptrend. The cumulative net Advance/Declines and the cumulative net Up/Down volume are confirming. The Leader List The leader list […]
US Shale Production Just Hit A New All Time High
One month ago, we reported that based on recent data, June oil output from shale producers would post the first double-digit production growth since July of 2015, when oil prices tumbled and a substantial portion of US production was briefly taken offline. While the final data has yet to be tabulated, it is safe to say that this […]
It’s Official: Emerging Markets Break Out Into New Secular Bull Market
This is major stock market news: emerging stock markets are breaking out. We wrote at least once per month, since April 2016, that EEM ETF (representing emerging market stocks) should break above 42 points in order to be in a new secular bull market. Investors should not get confused by the fact that this ‘event’ […]
Intercept Slides As Analyst Calls CymaBay Drug ‘True Contender’ After Data
Shares of Intercept Pharmaceuticals (ICPT) are sliding after H.C. Wainwright analyst Ed Arce raised his price target for its competitor CymaBay Therapeutics (CBAY) following data from the company’s Phase 2 study of seladelpar in primary biliary cholangitis. The analyst argued that the latter’s results “are more robust” than Intercept’s Ocaliva. STUDY RESULTS: CymaBay has announced […]
Why Wage Growth Is So Weak
The yearly growth rate of average hourly earnings in production and non-supervisory employment in the private sector eased to 2.3% in June from 2.4% in May. Many experts are puzzled by the subdued increase in workers earnings. After all, it is held the US economy has been in an expansionary phase for quite some time […]
Massive Bank Short Position Liquidation Foretells Major Upward Movement In Gold Prices
I received an email from one of my readers on the July 4th holiday. He expressed dismay at the recent gold take-down that occurred at the end of June and on July 3rd. I am sure he is even more distressed, now, with the huge take down that happened on July 7th. He wondered how […]
NZD/USD Risks Further Losses On Softening New Zealand CPI
A marked slowdown in New Zealand’s Consumer Price Index (CPI) may spark a bearish reaction in NZD/USD as it encourages the Reserve Bank of New Zealand (RBNZ) to keep the cash rate at the record-low throughout 2017. Why Is This Event Important: With Governor Graeme Wheeler scheduled to depart in September, the RBNZ appears to be on […]
