December’s Marijuana Money Outlook

December’s Marijuana Money Outlook

December’s Marijuana Money Outlook $GLDFF, $MPXEF, $MRMD, $GWPH November was a great month for cannabis stocks. The MJIC North American Marijuana Index rose by 41% last month, led mostly by Canadian stocks again. Although the US had its best month all year gaining 27% as companies rally ahead of California’s legalization on 1 January. The Canadian Index […]

President Trump Predicts ‘Monumental’ Tax Bill Will Pass

President Trump Predicts ‘Monumental’ Tax Bill Will Pass

President Trump Predicts ‘Monumental’ Tax Bill Will Pass $DIA, $SPY, $QQQ, $VXX US Stocks Hit New Records As Tax Reform Looks Likely Friday, President Donald Trump says he has seen the latest version of the $1.5-T tax overhaul package moving through Congress and he predicts it will do “very, very well.” The President told reporters […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI, $BSESN Commentary: Nothing new.PE DJIA at 24508.66, -0.31%) has weekly resistance near 24700 and if that holds, the index could enter into a sideways consolidation mode within 24700-24000 before again moving up towards 25000 in the longer term. DAX at 13068.08, -0.44% came off sharply to re-test 12900 […]

COSCO Shipping Interntnl(SNGPRE)Co Ltd (SGX:F83) Trading Outlook

COSCO Shipping Interntnl(SNGPRE)Co Ltd (SGX:F83) Trading Outlook

COSCO Shipping Interntnl(SNGPRE)Co Ltd (SGX:F83) Trading Outlook Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 0.51. The projected lower bound is: 0.36. The projected closing price is: 0.43. COSCO Shipping International […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Fed hiked interest rates by 25bpts as expected, has not impacted the DJIA much.PE DJIA at 24585.43, +0.33%) inched up to test 24666 before closing at slightly lower levels yesterday. We continue to look at important resistance near 24800 and while that holds, Dow could come off sharply […]

US Stocks at Record Highs as Fed Hikes Rates

US Stocks at Record Highs as Fed Hikes Rates

US Stocks at Record Highs as Fed Hikes Rates $DIA, $SPY, $QQQ, $VXX The Trump Rally Extends The Fed followed through on an expected interest-rate increase and raised their forecast for economic growth in Y 2018. “Averaging through hurricane-related fluctuations, job gains have been solid, and the unemployment rate declined further,” the Federal Open Market […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing changed. PE DJIA at 24504.80, +0.49%, and DAX at 13183.53, +0.46% are up about 0.50%. While DJIA has room to rise to 24600, DAX does not look very Bullish while below resistance at 13200. Note: DAX could test to 13000, while DJIA inches up near term. Nikkei at […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing changed. PE DJIA at 24386.03, +0.23% looks to be heading to 24600 in here. Movement could be small and narrow, but looks positive near term to me. DAX at 13123.65, -0.23% came off a bit, and remains below 13200. Looking at the 3-day and the weekly candle, there […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing changed. PE DJIA at 24329.16, +0.49% looking North to 24600-24800. Near to medium term support is at 24000 which is likely to hold in here. DAX at 13153.70, +0.83% tried to break out after some sideways consolidation within 13200-12900 While DAX remains above 13000-13100, there could be some […]

Rising Stocks, Home Values Driving American Household Wealth

Rising Stocks, Home Values Driving American Household Wealth

Rising Stocks, Home Values Driving American Household Wealth $DIA, $SPY, $QQQ, $VXX Rising stock prices and steady increases in home values powered American household wealth to $96.9-T, the Fed said Thursday. US wealth has made a remarkable comeback since the Great Recession, when it dove more than $10-T to $56.2-T.   The Fed’s latest figures […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing changed. PE DJIA at 24211.48, +0.29% bounced up Thursday. Daily candle support is seen near 24000. A test of 24000 is possible before the index rises back to 24600. DAX at 13034.88, +0.28% remain in its sideways consolidation mode and could spend some more time there, say a […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing changed. PE DJIA at 24140.91, -0.16% is falling as expected and could test 24000-23750, before resuming its rise to 24500. DAX 12998.85, -0.38% rose sharply from near 12900. Sideways consolidation is likely to continue for the week before DAX show us direction. Nikkei at 22457.74, +1.27% tested […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Global indices are trading weak Wednesday. China looks weak near term, while DJIA and DAX could be in a short term consolidation mode. Nikkei and the Indian markets also look weak, too. PE DJIA at 24180.64, -0.45% has come down as expected on its way to test […]

President Trump’s Tax Reform ‘Is a Game-Changer, a Whopper’

President Trump’s Tax Reform ‘Is a Game-Changer, a Whopper’

President Trump’s Tax Reform ‘Is a Game-Changer, a Whopper’ $DIA, $SPY, $QQQ, $VXX Tuesday,  Steve Schwarzman, the Chairman and CEO of Blackstone, said President Donald Trump’s tax-reform quest is a “game changer.” The former adviser to President that the tax bill was “actually a game changer because there has been enormous frustration in terms of […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI DJIA at 24290.05, +0.24% tested above 24500 Monday before coming off. A fall to 24000 looks likely in the next few sessions. DAX at 13058.55, +1.53% rose to 13100 Monday and has managed to stay above 13000. Near term could see some sideways consolidation within 13200-12900, as mentioned […]

DJIA Post Another Record, Investors See Tax Cuts Ahead

DJIA Post Another Record, Investors See Tax Cuts Ahead

DJIA Post Another Record, Investors See Tax Cuts Ahead $DIA, $SPY, $QQQ, $VXX The DJIA marked aother record high Monday, with banks and retailers surging and tech falling as investors realigned their portfolios in hopes of benefiting from expected corporate tax cuts. The S&P 500 ended with a small loss after hitting an intra-day all-time […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Growth in US GDP at an annualized rate of 3.3% in the past Quarter boosted a rise in the stock market last week and month. PE DJIA at 24231.59, -0.17% is testing channel resistance on the daily and could trade in the 23800-24400 range for 2-3 days before […]

Equity Investors in ‘Risk On’ Mode for Fear of Missing Out

Equity Investors in ‘Risk On’ Mode for Fear of Missing Out

Equity Investors in ‘Risk On’ Mode for Fear of Missing Out $DIA, $SPY, $QQQ, $VXX Wall Street’s fear of missing out on this extending Trump Rally is “trumping” all if any political risk in Washington, DC. The countdown on the GOP’s efforts to cut corporate taxes has virtually ended, its a deal, now the risk […]

Wall Street Held Weekly Gains on a Volatile Trading Day,Traders Bought the Dip 

Wall Street Held Weekly Gains on a Volatile Trading Day,Traders Bought the Dip 

Wall Street Held Weekly Gains on a Volatile Trading Day, Traders Bought the Dip $DIA, $SPY, $QQQ, $VXX US stocks fell Friday after a report the  former US national security adviser Michael Flynn was prepared to tell investigators that before taking office President Donald Trump had directed him to make contact with Russians. Does not […]

Gold, Crude Oil Prices Solid as DJIA Heads Towards 25,000

Gold, Crude Oil Prices Solid as DJIA Heads Towards 25,000

Gold, Crude Oil Solid as DJIA Heads Towards 25,000 $GLD, $SLV, $USO, $DIA The DJIA hit new all-time highs Thursday breaking the psych mark at 24000 easily. The DJIA future contract for December delivery hit the highest mark at 24 ,039, in extension of uninterrupted Bull run which extended into a 6th day running. No […]

President Trump’s Policies Have Investors In a Happy Frame

President Trump’s Policies Have Investors In a Happy Frame

President Trump’s Policies Have Investors In a Happy Frame $DIA, $SPY, $QQQ, $VXX Iconic investor, Carl Icahn said the market’s rise to record highs shows signs of euphoria, when investors think they can do no wrong and they have been right since 8 November 2016 when Donald J. Trump was elected President. “I really think […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Growth in US GDP at an annualized rate of 3.3% in the past Quarter boosted a rise in the stock market. PE DJIA at 23940.68, +0.44% rose to marks above my target at 23900 and beyond the immediate resistances. Now DJIA looks strongly Bullish and could target levels […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Stock indices continue to look Neutral to Bullish. PE DJIA at 23836.71, +1.09% has risen sharply and is trading above my target at 23800. Resistance is visible near here, which if holds, may push the index back towards 23500, or a clear break above 23850 will drive Dow to 24000, […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Stock indices continue to look Neutral to Bullish. PE DJIA at 23580.78, +0.10% looks to test at 23750-23800 in here. Movement is narrow and stable so the rise may take a few sessions to materialize before again coming off towards 23500 or lower. Near term looks stable to Bullish to […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Stock indices continue to look Neutral to Bullish. PE DJIA at 23557.99, +0.14% moving to 23600, my medium term target at  23750-23800 remains. The rise could be slow and small and could take some time to reach 23800. Note: 23800 could act as major resistance and could keep the index […]

Marijuana Stocks Have a Dark Secret

Marijuana Stocks Have a Dark Secret

Marijuana Stocks Have a Dark Secret The Marijuana industry is growing, and investors are beginning to take notice. According to Cowen & Co., legal Marijuana sales in the US have the opportunity to reach $50-M annually by Y 2026. Analysts are projecting compound annual growth of 26% in North America through Y 2021. Few American […]

US Stock Indexes Post Record Highs, Tech and Energy Outperform

US Stock Indexes Post Record Highs, Tech and Energy Outperform

US Stock Indexes Post Record Highs, Tech and Energy Outperform $DIA, $SPY, $QQQ, $VXX On this sleepy Friday The Trump Rally extended, as stocks set more records in post-Holiday trading as technology companies outperformed, and Energy companies rose with the price of Crude Oil. The Standard & Poor’s 500 index rose 5.34 points, or 0.2%, to […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Stock indices continue to look Neutral to Bullish. PE DJIA at 23526.18, -0.27% was closed Thursday, I see a chance of testing 23750-23800 near term. Range trade within 23400-23800 to continue, on a breakout see 24,000. DAX at 13008.55, -0.05% saw an intra-day low at 12921 Thursday before bouncing to […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Stock indices are all traded higher Tuesday, an continue to look Bullish. PE DJIA at 23590.83, +0.69% rose as expected to near 23600. There is room on the Northside to 24000 and higher on the weekly candles, the 3-day and dailies suggest little room on the Northside with resistances coming […]

Stocks World Wide at Record Highs

Stocks World Wide at Record Highs

Stocks World Wide at Record Highs $DIA, $SPY, $QQQ, $VXX. $DAX The Trump Bull Market Rally is Up and Running Major world stock markets rallied and government bond yields fell Tuesday as strong corporate profits, steady global growth and low inflation provide few alternatives for investors outside of stocks. Equity markets from Asia to Europe […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Stock indices are all trading higher Tuesday. Sideways consolidation is possible near term if not a immediate rise. PE DJIA at 23430.33, +0.31% is stable, while above 23200, there is room to move to 23600. Sideways consolidation is likely to continue in here. DAX at 13058.66, +0.50% is holding […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Most major indexes are trading weaker. PE DJIA at 23358.24, -0.43% can still test at 23600, while trading above 23200. But in case DJIA breaks below 23200, a test to 23000 is possible before resumes the uptrend. DAX at 12993.73, -0.41% was unable to move above 13100. So, […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Overall global stocks look Bullish on the US House passing it tax reform bill. PE DJIA at 23458.36, +0.80% bounced back sharply from above 23200 levels contrary to expectations. While there is still room to test 23000, while that holds a rally to 23600-23700 looks likely medium […]

Homeownership Does Not Build Wealth Like Other Investments

Homeownership Does Not Build Wealth Like Other Investments

Homeownership Does Not Build Wealth Like Other Investments $DIA, $SPY, $QQQ, $VXX A home is a place to live, raise ad family and thrive, if it goes up in value it is a lucky extra Homeownership is necessarily better than paying rent, according to a study Florida Atlantic University, Florida International University and the University […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Stock indexes are trading lower, and that may extend for a few more sessions.PE DJIA at 23271.28, -0.59% has come down, and could head to my target at 23200-23000 in the next few sessions. Note: 23000 is Key near term support and likely to hold medium term producing […]

Inflation is Back, Meaning Growth is Back

Inflation is Back, Meaning Growth is Back

Inflation is Back, Meaning Growth is Back $DIA, $SPY, $QQQ, $VXX Underlying US consumer prices increased in October on the back of a pickup in rents and healthcare costs, bolstering the view that a recent dis-inflationary trend worrying the Fed probably had ended. The rise in the consumer price index, excluding the volatile food and […]

Economic-Confidence Index at Near 9-Year Highs

Economic-Confidence Index at Near 9-Year Highs

Economic-Confidence Index at Near 9-Year Highs America First! Americans’ confidence in the economy remained steady last week, holding at the highest level since mid-August and one of the highest levels in the past nine years. Gallup’s US Economic Confidence Index averaged +7 for the week ending  12 November. Amid a booming stock market and a falling unemployment […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Stock indexes are trading lower, and that may extend for a few more sessions.PE Resistance near 23600 on DJIA at 23409.47, -0.13% is holding now, and could push DJIA down to 23200-23000  near term. Near term likely to remain Neutral to Bearish. DAX at 13033.48, -0.31%) bounced […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing New. PE DJIA at 23439.70, +0.07% sees near term support at 23320 and has some chances of moving up from here to 23500 and higher. A break below 23320 will take it lower to 22800 near term. DAX at 13074.42, -0.04% moved to support at 12900-13000, and bounced […]

Bitcoin a Thriving, Anonymous ‘Speculative’ Instrument

Bitcoin a Thriving, Anonymous ‘Speculative’ Instrument

Bitcoin a Thriving, Anonymous ‘Speculative’ Instrument $BTCUSD Bitcoin, whose value has fluctuated significantly this month, remains a “speculative” investment that thrives because of the cryptocurrency’s anonymous nature, BlackRock’s (NYSE:BLK) Larry Fink said Monday. “The reason why it does so well is it is anonymous. It’s anonymous, and it’s cross-border,” Mr. Fink, whose firm oversees nearly […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing New. PE DJIA at 23422.21, -0.17% is coming off resistance on the 3-day candle, and the dip may last for some more time heading to 22800 medium term, or a clear break above 1st resistance could take it up to 24000 this week. DAX at 13127.47, -0.42% is […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing New. PE DJIA at 23461.94, -0.43% sees 1st support near 23400, next support on the weekly at 23000. While that holds, there could be a dip in the DJIA Friday before  trying to rise medium term. DAX at 13182.56, -1.49% has come off from resistance seen on the […]

Continuing US Jobless Claims Rose Ahead of Estimates

Continuing US Jobless Claims Rose Ahead of Estimates

Continuing US Jobless Claims Rose Ahead of Estimates $DIA, $SPY, $QQQ, $VXX The number of Americans filing for unemployment benefits rose more than estimated last week, suggesting that hurricane related claims processing has begun to improve. Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 239,000 for the week ended 4 November, […]

The Trump Rally: DJIA Up 29%, as Banks, Tech Shares Soar

The Trump Rally: DJIA Up 29%, as Banks, Tech Shares Soar

The Trump Rally: DJIA Up 29%, as Banks, Tech Shares Soar $DIA, $SPY, $QQQ, $VXX Just 1 year ago, when it was not clear that Republican Donald Trump had upset and defeated Democrat Hillary Clinton to the US Presidency, futures in the DJIA dove nearly 900 points. However, at the close of trading of that […]

Millennials Rather Bitcoin Than Stocks and Bonds

Millennials Rather Bitcoin Than Stocks and Bonds

Millennials Rather Bitcoin Than Stocks and Bonds $BTCUSD Seen in News headlines, “millennials kill everything from romance to napkins”, but a new survey shows they may be responsible for keeping the Bull run in Bitcoin alive. A survey by venture capital firm Blockchain Capital found that about 30% of those in the 18-to-34 age range would […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing New. PE DJIA at 23548.42, +0.04% is stable, and is open to test 23800 in here. Near to medium term looks Bullish to me. DAX at 13468.79, -0.07% likely to trade sideways in the 13500-13400 for a few sessions before resuming the uptrend. A clear break below 13400 […]

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street

Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX This is a big week for earnings, and last week earnings certainly aided the market action, as a lot of  stocks that were set to move make their breaks North There were some big names in chips, software, even drugs were positive, so let positions run, pick […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing New. PE DJIA at 23539.19, +0.10% closed Friday’s session at higher marks. The Northside is open for a test at 23800. Near term looks Bullish to me. DAX at 13478.86, +0.28% is quiet, and has been stable since Friday. DAX could attempt a rise to 13600-13700 near term. […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing New. PE DJIA at 23516.26, +0.35% moving up and the 3-day line showing a possibility of a rise to 24000 maybe in this month. Near to medium term looks strongly Bullish to me. DAX at 13440.93, -0.18% is testing resistance on the 3-day candle, but at […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Overall, the global indexes look strong and Bullish near term. But, the exhaustion levels for the indices are not very far off. We could soon see a healthy correction medium term.PE DJIA at 23435.01, +0.25% wants to move up after a few sessions of sideways consolidation. A rise […]

Investor Optimism Highest Since Crash of 1987

Investor Optimism Highest Since Crash of 1987

Investor Optimism Highest Since Crash of 1987 $DIA, $DAX, $DJSH, $N300, $NSEI The US and global stock market’s seemingly unstoppable rise to record highs has boosted investor optimism to levels not seen since the Crash of 1987, some are worried. The difference between The Bulls and The Bears has not  been this high in 30 years, […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing New. PE DJIA at 23377.24, +0.12% closed higher, and  remains stable in here, 23250-23200 could act as 1st and 2nd supports for the coming sessions, which could then drive DJIA up to 23500-23750. DAX at 13229.57, +0.09% looks Bullish in here, and could head 13300-13500 near […]

World Stocks Headed to the 12th Month of Gainers

World Stocks Headed to the 12th Month of Gainers

World Stocks Headed to the 12th Month of Gainers $BP, $RYAAY, $BNPQY World stocks headed for a record 12th month of gains Tuesday, as a 5.5 month high in European stocks and records elsewhere underscored one of the most robust Bull markets in history. Europe’s latest rally came as figures from the once-fragile Eurozone showed […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Global stock indexes are all strong and the Bulls are not giving ground now except Shanghai and Nikkei. Nikkei could be vulnerable to a fall in here, while Shanghai remains ranged. PE DJIA at 23348.74, -0.36% is stable near current marks for the last 3-4 sessions. 23250-23500 region […]

Commentary: Paul Ebeling on Wall Street + DC Monday

Commentary: Paul Ebeling on Wall Street + DC Monday

Commentary: Paul Ebeling on Wall Street + DC Monday $DIA, $SPY, $QQQ, $VXX Big Deal…there was no market reaction to the Mueller story leaked to CNN Friday. Maybe Robert Mueller will be indicted, he was not. Paul Manafort and Rick Gates were, they surrendered voluntarily, were processed, arraigned, surrendered their passports, posted bonds, and when […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing New. PE DJIA at 23400.86, +0.31% stable above 23250, and will attempt a rise to 23750, longer term, 23750-24000  could be an immediate top for DJIA, but maybe not. Do not call  tops. DAX at 13133.28, +1.39% breaking above 13100, possibly inviting The Bulls to take […]

Banks, Cash Will Be Replaced by Computers & SmartPhones

Banks, Cash Will Be Replaced by Computers & SmartPhones

Banks, Cash Will Be Replaced by Computers & SmartPhones $DIA, $SPY, $QQQ, $VXX Jim Rogers predicts that banks must invest in the financial technology, or “fintech,” or become outdated and replaced. “My children will never walk into a bank when they become adults as by then all the banks along the streets will be replaced […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: DJIA saw all resistances broken Tuesday. Overall the major stock indices are in a rally and may soon reach their exhaustion point from where a correction of 8 – 10% is possible medium to long term and maybe not. PE DJIA at 23329.46, -0.48% has rallied from 21750 could […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: DJIA saw all resistances broken Tuesday. PE DJIA at 23441.76, +0.72% The Trump Rally extends. The Bulls remain strong, and may continue to dominate prices for some time to come. Test to 23500-24000 would not come as a surprise to me into the end of the year. DAX at […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: DJIA saw all resistances broken last Friday. PE DJIA 23273.96, -0.23% saw its 1st dip since its rally from 22288 seen on 28 September 2017. If the pul back continues, we could see it extend towards 23200-23000 near term. DAX at 13003.14, +0.09% remain in the 1310-12900 area, and […]

US Stock Indexes “Pause to Refresh” After Record Runs

US Stock Indexes “Pause to Refresh” After Record Runs

US Stock Indexes “Pause to Refresh” After Record Runs $DIA, $SPY, $QQQ, $VXX US stocks paused to refresh Monday as each of the major Wall Street indexes retreated from record highs  General Electric (NYSE:GE) down 6.3%, saw its biggest 1-day percentage decliner in more than 6 years after a host of brokerages cut their price […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: DJIA saw all resistances broken last Friday. PE DJIA at 22328.63, +0.71% saw all resistances broken, and the index has been sharply rallying to make fresh highs almost daily. While the momentum remains intact, 23400-23500 is seen in the next few days. DAX at 12991.28, +0.01%, dip seen […]

China Life Insurance Co Ltd (HKG:2628) Target $40

China Life Insurance Co Ltd (HKG:2628) Target $40

China Life Insurance Co Ltd (HKG:2628) Target $40 This is one worth buying in Hong Kong. China Life, the country’s biggest life insurer, estimates that its net profits for the first three quarters will surge by 95 percent due to increased investment return. Preliminary calculations show that the company’s profits during the January-September period reached […]

The Trump Rally Drives DJIA to Record 23,157.60

The Trump Rally Drives DJIA to Record 23,157.60

The Trump Rally Drives DJIA to Record 23,157.60 $DIA, $SPY, $QQQ, $VXX The DJIA marked 23,002 Tuesday intra-day, but closed just below the ’round’ mark. This latest 1,000-point increase was covered in half the time it took the index to move from 21,000 to 22,000. Wednesday, the US major stock market indexes finished at: DJIA +160.16 at 23157.60, […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing New. PE DJIA at 22997.44, +0.18% has marked my target at 23000, the Bullish momentum looks strong for the coming sessions which could drive DJIA to 23250 realsoon. DAX at 12995.06, -0.07% is trading along the Key resistance at 13000-13050, and could remain sideways for a […]

DJIA Marks 23,000 Intra-day as The Trump Rally Extends

DJIA Marks 23,000 Intra-day as The Trump Rally Extends

DJIA Marks 23,000 Intra-day as The Trump Rally Extends $DIA, $SPY, $QQQ, $VXX The Dow Jones Industrial Average (DJIA) broke above the 23,000 mark intra-day for the 1st time Tuesday, driven by strong earnings from UnitedHealth (NYSE:UHC) and Johnson & Johnson (NYSE:JNJ), finishing the session just below that milestone mark. The index, which surpassed similar […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Global stock indices look Bullish now to me. DJIA could be set up for some more to the North in the coming sessions, Nikkei and DAX may pause to refresh near here. PE DJIA at 22956.96, +0.37% is rising towards 23000-23250 near term. Then a small dip […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing New. PE DJIA at 22871.72, +0.13% is headed to my expected 23000-23250 marks near term. Overall my view remains Bullish for this week. DAX at 12991.87, +0.07% made an intra-week high at resistance of 13036 last week and if DAX rises above 13036, could indicate a move […]

Gold is Forever, Not All Crypto Currencies Will Survive

Gold is Forever, Not All Crypto Currencies Will Survive

 Gold is Forever, Not All Crypto Currencies Will Survive $GLD, $BTCUSD. $AMZN, $GOOGL, $JPM Not all of the Crypto currencies will survive, it is still early in this game. As in the .Com era there were winners and losers then, will there be winners and losers now. Bitcoin and Ethereum are the front-runners now, recall that […]

Gold and the Fall of the US Dollar

Gold and the Fall of the US Dollar

Gold and the Fall of the US Dollar $OIL, $GLD, $SLV, $USD, $CNY China, Russia, and Saudi Arabia are aligning in response to trade sanctions and political discord from the West. Together, they may bring an end to the global supremacy of America and the USD, according to analyst Peter Reagan. China, Russia, and Saudi […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing New. PE DJIA at 22841.01, -0.14% may have a chance to testing at 23000-23250 near term. DAX at 12982.89, +0.09% may continue to trade sideways and spend some frames without any actual definitive movement. Nikkei at 21003.50, +0.23% has made a multi-year high after breaking above Key […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing New. PE DJIA 22872.89, +0.18% is trading just at the resistance on the 3-Day candle, at the same time broke resistance on the weekly candle indicating a rise towards 23250, while trading above 22850, 23000-23250 could be tested soon. DAX at 12970.68, +0.17% is ranged within 13000-12900, […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing New. PE DJIA 22830.68, +0.31% could face rejection from resistance zone of 22800-22850 levels and could possibly see a corrective dip in the next few sessions. Only on a break above 22850, we would look at higher levels of 23000. DAX 12949.25, -0.21% is trading below major […]

Gold Vs Fed, What’s in Store for the Precious Yellow Metal

Gold Vs Fed, What’s in Store for the Precious Yellow Metal

Gold Vs Fed, What’s in Store for the Precious Yellow Metal $GLD Some analysts speculate that investors in equities might turn, and take profits now that the Fed plans to let up to $6-B of US Treasury debt and $4-T in MBS (mortgage back securities)to mature every month without reinvesting the proceeds. Those amounts will […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing New. PE DJIA at 22761.07, -0.06% could trade below the resistance near 22800-22850, and may have been exhausted after the recent rally in the last few weeks. A pause could be expected where DJIA may trade sideways in the 22500-22800. A test of 22500 could happen […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Most indices gained according to my expectations, and the Bulls are in charge PE DJIA at 22775.39, +0.50% broke above all resistances, and the Bulls are in control now. While the Northside momentum is intact, see a rise towards 23000-23250 soon. DAX at 12968.05, -0.02% is stable Friday, […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Again, most indices gained contrary to the expectations of many analysts (not me), but could soon test resistance, and perhaps fade a bit. PE DJIA at 22661.64, +0.09% is trading higher. 22750 is the 1st target for the next few sessions. DAX at 12970.52, +0.53% may face rejection at […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Again, most indices gained contrary to the expectations of many analysts (not me), but could soon test resistance, and fade a bit. PE DJIA at 22641.67, +0.37% has been moving up ignoring all political and recognizing economic growth factors. New highs this week could enable The Trump […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Most indices gained sharply contrary to the expectations of many analysts (not me), but could soon test resistance, and fade a bit. PE DJIA at 22557.60, +0.68% spiked on the ISM Manufacturing Index came in higher than expected at 60.8 in September, the highest since May 2004 […]

US Stock Indexes Post Record Highs Despite Las Vegas ‘Horror’ 

US Stock Indexes Post Record Highs Despite Las Vegas ‘Horror’ 

US Stock Indexes Post Record Highs Despite Las Vegas ‘Horror’ $DIA, $SPY, $QQQ, $VXX The S&P 500 and the DJIA traded just below record highs touched at the open Monday, in a strong start to Q-4, boosted by financials and healthcare stocks and after economic data pointed to underlying strength in the economy. Shares of […]

You and the US Stock Market: Big Q’s & A’s

You and the US Stock Market: Big Q’s & A’s

You and the US Stock Market: Big Q’s & A’s $DIA, $SPY, $QQQ, $VXX The US and global stock markets have hit record highs this year, as investors celebrate their gainers. But the record do not seem instilling a sense of excitement in everyone. Some investors are nervous, certain that a major correction is overdue, […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI DJIA at 22381.20, +0.18% is stable above 22200, and while that holds, some chances of a rise to 22400 or higher may happen. A clear break below 22200 could push it to 22000, or a rise above 22400 could drive it to 22600 near term. 50/50 chances for […]

US Economic Growth Revised Up to 3.1% in Q-2, Stocks Close at Record Highs

US Economic Growth Revised Up to 3.1% in Q-2, Stocks Close at Record Highs

US Economic Growth Revised Up to 3.1% in Q-2, Stocks Close at Record Highs $DIA, $SPY, $QQQ, $VXX Wall Street edged higher Thursday, as the S&P 500 marked a record high, while investors show confidence that President Donald Trump will make progress on his tax reform plan. US Treasury Secretary Steven Mnuchin said President Trump’s […]

The Market Update for September

The Market Update for September

The Market Update for September $DIA, $SPY, $QQQ, $GLD, $SLV The Dow Jones (NYSEArca:DIA) made 7 new BEV Zeros (new all-time highs) in the past 3 weeks; it cannot make a decent correction if it continues doing that.  And that’s one thing this market needs to do – make a decent correction.  The Dow Jones […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Corrective dips are expected in most of the indices except DAX, which has some more room on the Northside before pausing to refresh. PE DJIA at 22340.71,+0.25% could stay stable near current marks or move South towards 22200-22100 near term. While DJIA remains below 22600, Bearishness may remain intact […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Overall the world’s major stock indices are in an uptrend, but could see some consolidation, pullback or healthy corrections (10%) in the coming sessions. PE DJIA 22284.32, -0.05% looks Bearish to 22200-22100, could test these marks soon. DJIA while tradng below 22400, near term looks Bearish to me. DAX at 12605.20, […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Overall the world’s major stock indices are in an uptrend, but could see some consolidation, pullback or healthy corrections (10%) in the coming sessions. PE DJIA 22296.09, -0.24% moved back up from support near 22200 Monday, but could again try to test 22200-22100 near term. DAX at […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing New. PE DJIA at 22349.59,-0.04% could see a small pull back after the recent rally from 21800 to 22400. A test of 22200 is possible before resuming the long term up trend. DAX at 12592.35, -0.06% almost went up to test the interim resistance at 12675, but came […]

Tencent Holdings Ltd (HKG:0700) Ready for Global Growth

Tencent Holdings Ltd (HKG:0700) Ready for Global Growth

Tencent Holdings Ltd (HKG:0700) Ready for Global Growth “Arena of Valor” (AOV), the overseas version of Tencent Holdings Ltd (HKG:0700)’s top-grossing game “Honor of Kings”, will be launched this winter on Switch, a popular gaming console developed by Japanese company Nintendo. “The launch of AOV on a mainstream global console is a milestone for the […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing New. PE DJIA at 22359.23, -0.24% saw its 1st dip in the last 9-sessions, this could be limited to 22200 from where the index can resume its uptrend. DAX at 12600.03, +0.25% is set to move higher and could move up to 12800 near term. Thereafter […]

Warning, SEC Breach May Impact Trillions of Dollars

Warning, SEC Breach May Impact Trillions of Dollars

Warning, SEC Breach May Impact Trillions of Dollars $DIA, $SPY, $QQQ, $VXX, $EFX A breach discovered in a Key US Securities and Exchange Commission filings systems in Y 2016 can impact “trillions of dollars,” cybersecurity. It is the same issue as Equifax (NYSE:EFX), as they are supposed to be the guardians of trusted information. Equifax is […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Stocks look Bullish to Neutral near term. Be cautious Nifty, Shanghai and DAX, as there are some important resistances near term. PE DJIA at 22412.59, +0.19% is strongly Bullish and is rising fast to my target at 22500-22600, 1st rejection could be seen near 22600. DAX at 12569.17, +0.06% […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Am cautious Nifty,  as it is trading below important resistance. DJIA, Nikkei and DAX continue to look Bullish. Shanghai may be in the initial phase of a correction. PE DJIA at 22370.80, +0.18% is in an uptrend and see a test of 22500-22600 in the coming sessions. DAX […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: DJIA look Bullish to me in here, and almost all other indices look positive and Bullish for this week sans Shanghai which could remain stable. PE DJIA at 22331.35, +0.28% could test 22400-22600 near term. DAX at 12559.39, +0.32% looks potentially Bullish on the 3-day candle having a […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: DJIA look very Bullish to me in here. PE DJIA at 22268.34, +0.29% looks very Bullish now, rising fast targeting 22400-22500 near term. DAX at 12518.81, -0.17% is stable below 12600. A break on the Northside could take it higher towards 12750-13000. Nikkei at 19909.50, +0.52% can test 20050 […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: DJIA, DAX and Nikkei look Bullish to me in here, other seeing sideways. PE DJIA at 22203.48, +0.20% is trading higher, breaking the previous high of 22200. If the rise sustains, DJIA could rally towards 22300-22400 soon. DAX at 12540.45, -0.10% is stable and could move higher towards 12750-13000 […]

The Effects of the Shortened T+2 Settlement Cycle

The Effects of the Shortened T+2 Settlement Cycle

The Effects of the Shortened T+2 Settlement Cycle In March 2017, the United States Securities and Exchange Commission (the SEC) adopted amended Rule 15c6-1(a) which shortens the standard trade settlement cycle for most broker-dealer securities transactions from three business days (known as T+3) to two business days, (known as T+2). On Tuesday, September 5, 2017, […]

Equifax Inc. (NYSE:EFX) Target $50

Equifax Inc. (NYSE:EFX) Target $50

Equifax Inc. (NYSE:EFX) Target $50 Equifax Inc. (NYSE:EFX) has failed to handle the data breach situation and we have lowered our Target Price $50 143 million Americans had their names, Social Security numbers, birthdays, addresses, and other information hacked by a massive breach in Equifax ‘s (NYSE: EFX) database. At least five state attorneys general, […]

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