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, […]

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, while Shanghai may trade sideways attempting to move up eventually. Nifty trades below the all time high of 10140. Need to watch price action in here. PE DJIA at 22158.18, +0.18% is rising as expected and could re-test 22200 seen […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: The world’s major indices looks Bullish with strong upward momentum in here. PE DJIA at 22118.86, +0.28% looks Bullish towards 22400 in here, where a pause to refresh may happen. Some resistance is see at 22300, but if the Northside momentum is strong, it could break on the […]

US Job Openings (JOLTS)Hit Record High, Qualified Workers Scarce

US Job Openings (JOLTS)Hit Record High, Qualified Workers Scarce

US Job Openings (JOLTS)Hit Record High, Qualified Workers Scarce $DIA, $SPY, $QQQ, $VXX The Trump Rally extends, US stocks mark record high, again, led by financials, Apple sags. US  job openings aka JOLTS, rose to a record high in July, suggesting a slowdown in job growth in August was an aberration and that the labor market […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: The world’s major stock indices spiked Monday. DJIA, DAX rallied, and Nikkei opened higher. Shanghai may be in a pause mode in here. Nifty looks Bullish for the week to me. PE DJIA at 22057.37, +1.19% traded sideways since mid-August, built base, gathering momentum for a sharp […]

US Stocks to Record Highs, Rate Hikes, NKorea, Irma Fears Fade

US Stocks to Record Highs, Rate Hikes, NKorea, Irma Fears Fade

US Stocks to Record Highs, Rate Hikes, NKorea, Irma Fears Fade $DIA, $SPY, $QQQ, $VXX The Trump Rally extends, as President Trump’s approval ratings soar. Monday, the S&P 500 rose 1%+ to a record high close, as Fed rate hike fear abated, Irma caused less damage than expected in Florida, and NKorea decided not to […]

Equifax Inc. (NYSE:EFX) Will Trade Sub $100

Equifax Inc. (NYSE:EFX) Will Trade Sub $100

Equifax Inc. (NYSE:EFX) Will Trade Sub $100 News Highlights Equifax announces cybersecurity incident involving consumer information.Equifax Inc – ‍announced a cybersecurity incident potentially impacting approximately 143 million U.S. consumers​. Three senior executives at Equifax, including the company’s chief financial officer, sold almost $2 million worth of the company’s shares just days after it learned of […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: There is lack of directional clarity on major stock indices now. It is possible to see ranged trading overall in the next few sessions before some confirmation of direction is seen.PE DJIA at 21797.79, +0.06% should remain above 21600 for the next few sessions, trying to […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: DJIA, DAX and Shanghai still look Bullish near term. The other indices are trading near Key resistance and support marks and may take a few sessions to show us direction. PE DJIA 21784.78, -0.10% finished  just above support on the 3-day. A rise from here is necessary to keep […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: DJIA and Shanghai look Bullish near term. The other indices are trading near Key renaissance and support marks and may take a few sessions to show us direction. PE DJIA at 21807.64, +0.25% holds above the 1st support as seen on the 3-day. While the index […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing new. PE  DJIA at 21753.31, -1.07%) fell in line with my thinking. The effort to rise towards 22000 in the last 4-sessions was halted in 1 session Tuesday, the index may not break below 21675 now and could see some recovery as it has on all […]

Hurricane Irma, Most Expensive Storm in US History?

Hurricane Irma, Most Expensive Storm in US History?

Hurricane Irma, Most Expensive Storm in US History? $DIA, $SPY, $QQQ, $VXX Hurricane Irma, a category 5 Storm rolling across the Atlantic, is on a path to strike Florida and could be the most expensive storm in US history, a weather expert predicted. Given the potential magnitude of this storm as well as the potential […]

Hurricane Irma Looms, Florida Insurers’ Shares Fall

Hurricane Irma Looms, Florida Insurers’ Shares Fall

Hurricane Irma Looms, Florida Insurers’ Shares Fall $HRTG, $TRV, $HCI, $UVE Shares in Florida home insurers fell Tuesday as investors braced for losses as Hurricane Irma appeared set to hit the state Saturday. Shares in Heritage Insurance Holdings (NYSE:HRTG) hit record lows and were last down 15% at 9.58 with trading volume 2.1X its 10-Day […]

Gold Marks a Fresh 2017 High, Stocks Drop on NKorea Tensions

Gold Marks a Fresh 2017 High, Stocks Drop on NKorea Tensions

Gold Marks a Fresh 2017 High, Stocks Drop on NKorea Tensions $GLD NKorea launches or threatens to launch a missile, Gold rises, stocks fall, things calm down and stocks make up their losses, what has been a recurring story YTD. The Big Q: Is it different this time? The Big A: After NKorea said it […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing new. PE DJIA at 21987.56, +0.18% test to 22040 before coming off from there to close lower Friday. Note that 22040-22060 is the 1st resistance zone, which could keep the index ranged for a few sessions. An eventual rise towards 22100-22200 looks possible near to medium […]

Brambles Ltd (BXB.AX) Soon To Outperform

Brambles Ltd (BXB.AX) Soon To Outperform

Needle moving action has been spotted in Brambles Ltd (BXB.AX) as shares are moving today on volatility -0.11% or $-0.01 from the open. The ASX listed company saw a recent bid of $9.34 and 2640000 shares have traded hands in the session. Market watchers diligently track the companies they think can do well to grow earnings. The goal is typically to discover […]

Woolworths Shares Not Worth Buying

Woolworths Shares Not Worth Buying

Is the Woolworths Limited (ASX: WOW) share price a bargain at $26? To understand and answer that question we need to know the difference between price and value. What are Woolworths shares worth? I run my own valuations on shares. You would need to take into account any growth from its supermarkets, liquor sales, cost-outs and competition. Currently, […]

Rio Tinto Expands Mining Farm

Rio Tinto Expands Mining Farm

Rio Tinto has formally opened its new $US338 million Silvergrass iron ore mine in Western Australia’s Pilbara region. The 10 million tonne per annual operation is the company’s 16th mine and represents the first new iron ore mine in Australia since the opening of Gina Rinehart’s Roy Hill mine. Rio Tinto chief executive Jean-Sebastien Jacques […]

Commonwealth Bank Money Laundering Scheme

Commonwealth Bank Money Laundering Scheme

The Commonwealth Bank has responded to revelations it failed to monitor transactions in the USA, Asia and Europe. An internal review of the bank’s compliance with Australian and global anti-money laundering and counter terrorism laws reportedly showed large-scale failures in transaction monitoring across a multitude of businesses around the world, according to Sky News Business. Sky […]

Thailand’s Strong Baht and Stock Market Rally

Thailand’s Strong Baht and Stock Market Rally

Thailand’s strong baht and stock market rally are in line with economic fundamentals, the central bank governor said on Wednesday, as the currency hovered around 28-month highs against the U.S. dollar. The moves have been driven by stronger economic growth and easing political uncertainty, Veerathai Santiprabhob told reporters. Southeast Asia’s second-largest economy expanded a more […]

Qantas To Cut Costs For Tourism

Qantas To Cut Costs For Tourism

The West Australia government says Qantas’ 12-month trial of discounted airfares for residents in six regional towns is a response to the launch of a parliamentary inquiry. The government hopes it will lead to further cheaper intrastate flights. From November, Qantas will offer a discount of between 10 per cent and 30 per cent for […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing new. PE DJIA at 21948.10, +0.25%, close to the 1st resistance I have been looking at 21950. A break above 22000 could drive DJIA North towards 22100-22200 medium term, or a fall could mean test to 21700 again. DAX at 12055.84, +0.44% has been trying […]

Fortescue Share Price Low

Fortescue Share Price Low

Although the market has bounced back from yesterday’s decline and is up 0.3% in morning trade, the Fortescue Metals Group Limited (ASX: FMG) share price and the Atlas Iron Limited (ASX: AGO) share price have sunk deep into the red. At the time of writing the shares of the two leading iron producers are down 2.5% and 5%, respectively. Why have […]

Rio Tinto Group Negotiating With Freeport

Rio Tinto Group Negotiating With Freeport

US mining giant Freeport McMoRan has signaled it believes a breakthrough agreement allowing it to continue operating a massive gold and copper mine in Indonesia will win the approval of Rio Tinto. Indonesian Energy and Minister Resources Minister Ignasius Jonan said on Tuesday that after “tough negotiations” Freeport had agreed to give up its majority stake […]

Telstra Struggling Business

Telstra Struggling Business

Telstra is expected to start considering the future of its struggling health business as it looks to cover its $3 billion revenue black hole and the forgone benefits of its NBN earnings secularization plan. Telstra has given guidance that a 22c dividend payment is likely in 2018 and Citi analysts forecast that will be made […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Major stock indexes are trading higher Thursday except Shanghai. PE DJIA at 21892.43, +0.12% moved up to test 1st resistance near 21950. We wait, We see if the index faces any rejection from here pushing it back to 21750. Or see a break above 21950 which would […]

Commonwealth Bank – Australia’s Banking System Trust Damaged

Commonwealth Bank – Australia’s Banking System Trust Damaged

The Australian community’s trust in the banking system has been damaged in recent years, and CBA in particular has been negatively impacted by a number of issues that have affected the reputation of the bank. Treasurer Scott Morrison said there had been more than 12 compliance “issues” at the bank since 2008, and the board and […]

ASX – Pet Owners To Have Legal Cannabis In The Near Future

ASX – Pet Owners To Have Legal Cannabis In The Near Future

Pet owners may soon be one step closer to accessing medical cannabis as a pain-reliever for their furry friends thanks to CannPal, a Sydney-based pharmatech startup that is looking to raise $6 million when it lists on the Australian Securities Exchange later this year. CannPal wants to develop cannabis-based products to aid veterinarians in administering […]

BHP Billiton Limited – Strong Buy Rating

BHP Billiton Limited – Strong Buy Rating

BidaskClub upgraded shares of BHP Billiton Limited (NYSE:BHP) from a buy rating to a strong-buy rating in a research note published on Saturday. A number of other equities analysts have also recently issued reports on BHP. Zacks Investment Research upgraded shares of BHP Billiton Limited from a strong sell rating to a hold rating in a research note on […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing new. PE Support near 21700 has held for the DJIA the finished at 21865.37, +0.26% taking it up sharply during Tuesday’s session. Narrow range trade is now possible within 21700 – 21900 for a few more sessions before it decides on its direction; North or South DAX […]

Gold Rises to 2017 Highs on NKorea Missile Test, Stocks Ignore Event

Gold Rises to 2017 Highs on NKorea Missile Test, Stocks Ignore Event

Gold Rises to 2017 Highs on NKorea Missile Test, Stocks Ignore Event $DIA, $SPY, $QQQ, $VXX Investors Shrug Off NKorean Missile Launch Gold rallied to the highest level this year after North Korea fired a ballistic missile over Japan, boosting haven demand. Palladium extended a rally and platinum rose above $1,000 an ounce. NKorea rattled […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing new. PE DJIA at 21808.40, -0.02% is stable below 21900 and can move North to 21950 or South to 21700 in the next couple of sessions, wait to see. DAX at 12123.47, -0.37% may remain ranged within 11940-12350 as mentioned Monday. Nikkei at 19334.90, -0.59% moved lower […]

US Market’s Finished Flat to Unchanged, Harvey the Focus

US Market’s Finished Flat to Unchanged, Harvey the Focus

US Market’s Finished Flat to Unchanged, Harvey the Focus $DIA, $SPY, $QQQ, $VXX The S&P 500 and DJIA finished flat to unchanged Monday, with energy and bank shares lower as Tropical Storm Harvey crippled the US energy hub in Texas. Harvey, the most powerful hurricane to strike the US state in more than 50 years […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing new. PE DJIA at 21813.67, +0.14% marked an intra-day high at 21906 Friday before closing at 21813, 1st resistance is seen near 21900-21950 which could possibly push South in the coming sessions. Southside is open to 21700, near term looks Bearish to me. DAX at 12167.94, -0.11% […]

US Market and Asian Markets Quiet Ahead of Jackson Hole

US Market and Asian Markets Quiet Ahead of Jackson Hole

US Market and Asian Markets Quiet Ahead of Jackson Hole $DIA, $USO, $UGA, $GLD Investors continued to remain on the sidelines in anticipation of the Jackson Hole Symposium Friday. All of the US major indices all posted moderate losses again in light trading, with a counter trend for small caps, as the Russell gained 4 […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing new. PE DJIA at 21812.09, -0.40% dipped Wednesday, and if it remains below 21900, chances of testing to 21670-21600 cold happen. A medium term Top might have been made near 22179 earlier this month, while that holds, I remain cautious for dips to the Southside. DAX […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: The DJIA rallied sharply Tuesday. PE DJIA at 21899.89, +0.90% finished up Tuesday on talks about renewed hope of the US tax reforms. While the index remains above 21675, there is scope of re-testing levels near 22000 Wednesday. DAX at 12229.34, +1.35% bounced up from 12000. […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: A corrective phase for majority of the stock indices could well begin soon within the overall long term uptrend. Caution is the watchword in here. PE DJIA at 21703.75, +0.13% could see some support near 21600-21500, which could hold near term. Thereafter a break below 21500 […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Overall, equities look a little weak in here, with the exception of Shanghai. PE DJIA at 21674.51 is below near term support at 21800, increasing the chances of a deeper dip to 21500-250 in the last weeks of August. Also, a further decline is seen in […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: World’s major stock indices are in a correction frame, and could remain weak to sideways  near term except Shanghai which looks Bullish. PE DJIA at 21750.73, -1.24% fell in line with my expectation, but closed below them at 21800. While the index trades below 21800, it […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Almost all major indices are trading near Support & Resistance marks. We wait for a couple of sessions to get confirmation on direction. PE DAX at 12177.04, +0.10% bounced from the weekly support at 11940, while that holds, the index may try to rise to 12300-12500 in […]

Safest City in The World: Abu Dhabi

Safest City in The World: Abu Dhabi

Safest City in The World: Abu Dhabi Abu Dhabi has been named the safest city in the world by Numbeo, a website that curates and collates data to develop the world’s largest user-contributed database about cities and countries worldwide. With the lowest crime index of just 13.54 in the past six months, and the highest […]

The Big 3 US MLM Companies ‘Hammered’ by Chinese Regulator Concerns 

The Big 3 US MLM Companies ‘Hammered’ by Chinese Regulator Concerns 

The Big 3 US MLM Companies ‘Hammered’ by Chinese Regulator Concerns $HLF, $NUS, $USNA Shares of Herbalife Ltd. (NYSE:HLF), Nu Skin Enterprises (NYSE:NUS) and USANA Health Sciences (NYSE:USNA) seeing a deep dive over concerns that Chinese regulators will crack down on the companies’ marketing practices. Herbalife fell 7.8% to 60.71, marking the biggest decliner in […]

Investors are saying, “Stocks Are Too Expensive”

Investors are saying, “Stocks Are Too Expensive”

Investors are saying, “Stocks Are Too Expensive” $DIA, $SPY, $QQQ, $VXX Caution Signals Blinking Many professional investors (46%) saying stock markets are overvalued, Bank of America Merrill Lynch’s monthly fund manager poll showed Tuesday. The survey, which polled 202 asset managers with $587-B under management, was carried out between 4-10 August, and showed cash levels […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: World equities on the defensive. PE The DJIA at 21858, +0.07% was quiet Friday after the fall from 22000 over the week, it can test trendline support near 21700 this week. The Nikkei at 19546, -0.84% opened sharply gap-down MOnday, possibly making up for the Japanese […]

August Markets: Stocks Often Declines as Traders Vacation

August Markets: Stocks Often Declines as Traders Vacation

August Markets: Stocks Often Declines as Traders Vacation $DIA, $SPY, $QQQ, $VXX It is August and markets are taking time to consolidate the recent big gainers. And this August US President Donald Trump threatens to leash Fire & Fury on NKorea. So, we are seeing the VIX wake up, as swings in stocks and junk […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: The major stock indices are in a corrective mode, and expect to continue for some time before we see a recovery, need to see if the supports near current levels hold for DAX, Nikkei and Nifty. PE DJIA at 21844.01, -0.93%) fell sharply from marks near 22000. The index […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: The major stock indices are in a corrective mode, and expect to continue for a 2 -3 or more sessions before I see a recovery.PE DJIA at 22048.70, -0.17% tested 1st resistance near 22200, while that holds, may see a dip to 22000-21800 near term. DAX at […]

Managed Money Saying ‘Reduce Risk’

Managed Money Saying ‘Reduce Risk’

Managed Money Saying ‘Reduce Risk’ $DIA, $SPY, $QQQ, $GLD, $VXX Some of the biggest money managers have a message for investors, it is time to reduce risk, aka take some profits off of the table. Investors should pare US stocks and high-yield debt while shifting to lower-risk assets, such as Treasuries and mortgage-backed securities, according to […]

iShares MSCI Singapore Index Fund (ETF) (NYSEARCA:EWS) Outlook

iShares MSCI Singapore Index Fund (ETF) (NYSEARCA:EWS) Outlook

iShares MSCI Singapore Index Fund (ETF) (NYSEARCA:EWS) Outlook iShares MSCI Singapore Index Fund (the Fund) seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the aggregate in the Singaporean market, as measured by the MSCI Singapore Index (the Index). The Index seeks to measure the […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: The major stock indices are in a corrective mode, and expect to continue for a 2 -3 of more sessions before I see a recovery.PE DJIA at 22085.34, -0.15% moved up straight to 22180 Tuesday before coming off to close below 22100. Some corrective dip is […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing new. PE DJIA at 22118.42, +0.12% is slowly moving towards major resistance near 22200-22250, and could face slight dip from there. Overall near term trend is North. DAX at 12257.17, -0.33% is likely to remain range bound within 12100-12400 for near term. Thereafter see a rise […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing new. PE DJIA at 22092.81, +0.30% moved up in line with my expectation and could move face light rejection near 22200 before again moving North to 22500. DAX at 12297.72, +1.18% bounced sharply off ot support near 12100, while that holds, a test of 12400-12500 looks […]

Hong Kong is the World’s Top Stock Market

Hong Kong is the World’s Top Stock Market

Hong Kong is the World’s Top Stock Market $HSI, $TCEHY, $PNGAY, $AAPL, $FB Among the world’s biggest stock markets, there have not been any better investments YTD than Hong Kong’s Hang Seng Index But under the surface of that 25% rise, gains are getting more concentrated, and that means for some shares, volatility is on […]

The Trump Rally Extends, DJIA Marks Its 8th Straight Record High

The Trump Rally Extends, DJIA Marks Its 8th Straight Record High

The Trump Rally Extends, DJIA Marks Its 8th Straight Record High $DIA, $SPY, $QQQ, $VXX The DJIA (Dow Jones Industrial Average) ended on its 8th straight record high Friday, with gains in banks after the NFPs data showed US employers hired more workers than expected in July. The strong jobs report may help clear the […]

Morning Briefing Global Stocks

Morning Briefing Global Stocks

Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing new. PE DJIA at 22026.10, +0.04% is stable in here, and could move slowly North to 22500 where some rejection may come into play. DAX at 12154.72, -0.22% is ranged within the 12350-12080 for the last 9 sessions, and could continue for a bit. There is […]

The Trump Rally Swells Retirement Accounts Balances

The Trump Rally Swells Retirement Accounts Balances

The Trump Rally Swells Retirement Accounts Balances $DIA, $SPY, $QQQ, $VXX Retirement savings account balances have hit all-time highs. A string of record 401(k) and IRA account totals now stretches across three consecutive quarters, according to Q-2 data from Fidelity Investments. The data covers 22,155 companies and 15.1-M 401(k) plan participants, as well as 8.8-M […]

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