Managed Money Moves Back into High Yield Corporate Bonds

Managed Money Moves Back into High Yield Corporate Bonds

US fund investors charged into high-yield corporate bonds during the latest week, shoveling $3.3-B, the most cash flowing into that market since late Y 2016, Lipper said Thursday, boosted by dovish words from Fed Chairman Powell. Underscoring investors’ appetite for some risk-taking, investors pulled $15-B net cash from US-based money market funds, according to the […]

Japanese Yen: USD/JPY (JPY=X) pulls back from overnight high

Japanese Yen: USD/JPY (JPY=X) pulls back from overnight high

Japanese Yen: USD/JPY (JPY=X) pulls back from overnight high Since yesterday’s high, the USD/JPY price has pulled back, but the uptrend from the lows of last Thursday remains intact. Even a dip to ¥108.50 would still be a possible buying opportunity, and for now the price is holding above ¥108.70. A fresh move higher, reinforced by the […]

Euro: USD/EUR (EUR=X) back on a downward path

Euro: USD/EUR (EUR=X) back on a downward path

Euro: USD/EUR (EUR=X) back on a downward path Having rallied to $1.155, the price of EUR/USD has weakened again, and so far this morning further downward pressure is developing. The previous two sessions saw the pair find support around $1.145, but if this is lost then the lows from a week ago at $1.143 come into play. […]

Ferrari (NYSE:RACE) Reports on Share Buyback Program

Ferrari (NYSE:RACE) Reports on Share Buyback Program

$RACE Summary: Ferrari repurchased 78,055 common shares for €7.04-M till 10 January 2019, under the repurchase program announced on 28 December 2018. The company share repurchase resulted in 6.08-M common shares held in treasury as of 10 January 2019. As of the same date, the Company held 2.43% of the total issued share capital including the […]

Gold 1 OZ (XAU=X) pulled back from a more than six-month peak

Gold 1 OZ (XAU=X) pulled back from a more than six-month peak

Gold 1 OZ (XAU=X) pulled back from a more than six-month peak Gold has pulled back from a more than six-month peak, as robust US jobs data eased some concerns about an ailing economy, while palladium prices punched through the key $US1,300 level for the first time. Spot gold slipped 0.8 per cent to $US1,283.86 […]

Caterpillar Inc. (NYSE:CAT) 2019 back up to $170

Caterpillar Inc. (NYSE:CAT) 2019 back up to $170

Caterpillar Inc. (NYSE:CAT) 2019 back up to $170 Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 115.33. The projected upper bound is: 151.78. The projected lower bound is: 100.41. The projected closing price is: 126.09. Candlesticks […]

The Walt Disney Company (NYSE:DIS) 2019 back to $120

The Walt Disney Company (NYSE:DIS) 2019 back to $120

The Walt Disney Company (NYSE:DIS) 2019 back to $120 Overall, the bias in prices is: Upwards. The projected upper bound is: 126.29. The projected lower bound is: 93.74. The projected closing price is: 110.02. Candlesticks A big black candle occurred. This is bearish, as prices closed significantly lower than they opened. If the candle appears […]

China Mobile Limited (NYSE:CHL) 2019 Back to $100

China Mobile Limited (NYSE:CHL) 2019 Back to $100

China Mobile Limited (NYSE:CHL) 2019 Back to $100 Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 52.47. The projected upper bound is: 55.78. The projected lower bound is: 39.66. The projected closing price is: 47.72. Candlesticks […]

Bitcoin: USD/BTC (BTC=X) 2019 Back to $10,000

Bitcoin: USD/BTC (BTC=X) 2019 Back to $10,000

Bitcoin: USD/BTC (BTC=X) 2019 Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 10,895.69. The projected lower bound is: -302.02. The projected closing price is: 3,796.84. Candlesticks A black body occurred (because prices closed lower than they opened). During the past […]

Ferrari (NYSE:RACE) 2019, the Year of the Share Buyback

Ferrari (NYSE:RACE) 2019, the Year of the Share Buyback

$RACE Ferrari (NYSE: RACE) announced that it intends to begin a EUR 150-M/share buyback program, as the 1st tranche of a multi-year EUR 1.5-B/share buyback program expected to be completed by Y 2022. The 1st tranche will start at the beginning of January 2019 and will end no later than 27 June 2019. The program […]

Bank of America Corporation (NYSE:BAC) 2019 Will Trade Sub $20

Bank of America Corporation (NYSE:BAC) 2019 Will Trade Sub $20

Bank of America Corporation (NYSE:BAC) 2019 Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 26.21. The projected upper bound is: 25.85. The projected lower bound is: 18.77. The projected closing price is: 24.31. Candlesticks A […]

Apple Inc. (NASDAQ:AAPL) 2019 On track Back to $200

Apple Inc. (NASDAQ:AAPL) 2019 On track Back to $200

Apple Inc. (NASDAQ:AAPL) 2019 Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 142.20. The projected upper bound is: 203.84. The projected lower bound is: 111.37. The projected closing price is: 147.61. Candlesticks A big black candle […]

British Pound: USD/GBP (GBP=X) rally takes us back above 61.8% resistance

British Pound: USD/GBP (GBP=X) rally takes us back above 61.8% resistance

British Pound: USD/GBP (GBP=X) rally takes us back above 61.8% resistance Once again, GBP/USD rose into the 61.8% level, with the pair looking to have made an ABC three-legged retracement of the decline from $1.2912. A rally through that swing high would point towards a likely period of upside. Until then, there is a good chance that […]

Euro: USD/EUR (EUR=X) rallies back into trendline resistance

Euro: USD/EUR (EUR=X) rallies back into trendline resistance

Euro: USD/EUR (EUR=X) rallies back into trendline resistance EUR/USD has started strengthening after last week’s declines, with the price having rallied into trendline resistance. The break below the $1.1305 mark last week provides a bearish signal and allows greater confidence that this rally will fall short of the $1.1393 swing before breaking lower once again. Whether […]

Trump Brings Apple Back to USA

Trump Brings Apple Back to USA

US President Donald Trump thanked Apple chief Tim Cook on Friday after the tech giant unveiled plans for a $1 billion campus in Texas that is expected to create thousands of jobs outside its Silicon Valley base. “Thank you to @tim_cook for agreeing to expand operations in the U.S. and thereby creating thousands of jobs!” […]

Backpacking in Mexico: Top Tips for a Great Vacation

Many people want to know if it is safe to backpack in Mexico and the truth is, it is. The country may have its problems but so does every other country in the world. The truth about Mexico is that many parts of the country are very safe and are great places to visit. So, […]

Socialism Puts Europe Back in Crisis

Socialism Puts Europe Back in Crisis

Asian markets fell on Friday, putting the region on course to end a broadly positive week on a sour note, as traders took a step back and their profits off the table. There was also some unease after the head of the European Central Bank raised concerns about the growth outlook for the eurozone owing […]

Silver 1 OZ 999 NY (XAG=X) corrective pullback

Silver 1 OZ 999 NY (XAG=X) corrective pullback

Silver 1 OZ 999 NY (XAG=X) corrective pullback Gold prices are modestly lower in early-afternoon U.S. trading Thursday. Silver prices are near steady after hitting a five-week high overnight. Both metals are saw normal corrective pullbacks and some chart consolidation from recent gains. February gold futures were last down $2.60 an ounce at $1,247.40. March Comex silver was down $0.001 […]

Facebook, Inc. (NASDAQ:FB) carrying out a $9 billion buyback plan

Facebook, Inc. (NASDAQ:FB) carrying out a $9 billion buyback plan

Facebook, Inc. (NASDAQ:FB) carrying out a $9 billion buyback plan Facebook investors had a rollercoaster year with the company’s share price. Since January, Facebook’s share price slid 21.68 percent after a series of public scandals followed by selloffs. It’s clear that Facebook isn’t the apple of investor’s eyes like it once was, but the question […]

Facebook, Inc. (NASDAQ:FB) be prepared for some temporary setbacks

Facebook, Inc. (NASDAQ:FB) be prepared for some temporary setbacks

Facebook, Inc. (NASDAQ:FB) be prepared for some temporary setbacks Facebook (NASDAQ: FB ) has had a rocky relationship with investors this year. If you’re someone who likes FB stock, be prepared for some temporary setbacks before making the most of that friendship. Let me explain. From “fake news” scandals to security breaches of users’ personal […]

Facebook, Inc. (NASDAQ:FB) back in correction territory

Facebook, Inc. (NASDAQ:FB) back in correction territory

Facebook, Inc. (NASDAQ:FB) back in correction territory Tech stocks are back in correction territory after a painful day for public exchanges. The tech-heavy Nasdaq Composite index fell nearly 4 percent, with tech stocks like Apple, Amazon, Alphabet and Facebook weighing most heavily. In total, the so-called FAANG stocks — Facebook, Amazon, Apple, Netflix and Alphabet-owned […]

Germany: DAX PERFORMANCE-INDEX (.GDAXI) pullback likely to be short-term in nature

Germany: DAX PERFORMANCE-INDEX (.GDAXI) pullback likely to be short-term in nature

Germany: DAX PERFORMANCE-INDEX (.GDAXI) pullback likely to be short-term in nature The DAX has been pulling back throughout the start of the week, with the price respecting trendline and the 200-day simple moving average (SMA) support this morning. The recent rebound comes from a long-term uptrend, raising the chance that we will see the beginning of a […]

Japanese Yen: USD/JPY (JPY=X) gives back gains

Japanese Yen: USD/JPY (JPY=X) gives back gains

Japanese Yen: USD/JPY (JPY=X) gives back gains After falling sharply, USD/JPY may try to rebound, but it will need to recover ¥113.60 otherwise a more bearish view begins to emerge. Below ¥113.20 the price heads towards ¥112.40. Overall, the bias in prices is: Sideways. The projected upper bound is: 114.56. The projected lower bound is: 112.30. The […]

O’Lonhro and Larneuk Back in the Spotlight

O’Lonhro and Larneuk Back in the Spotlight

O’Lonhro and Larneuk Back in the Spotlight O’Lonhro and Larneuk are back in the Spotlight after the Larneuk bred and raced O’So Hazy was recognized for an outstanding season by being named Southern District Racing Association (SDRA) Horse of the Year. With a career record of 18:5-3-4 and Prize Money $231,370 the O’Lonhro mare finished […]

Tesla (NASDAQ:TSLA) Looking Back Over the Year.5

Tesla (NASDAQ:TSLA) Looking Back Over the Year.5

Tesla (NASDAQ:TSLA) Looking Back Over the Past Year.5 $TSLA In the wake of his recent Axios interview of Tesla (NASDAQ:TSLA) CEO Elon Musk broadcast a lot of stuff to his listeners and devotees. Much is hyperbole, some is fact. Below are of some things that happened at the fledgling US EV maker over the past year.5, as […]

Ferrari (NYSE:RACE) Reports on Completing Its Stock Buyback Program

Ferrari (NYSE:RACE) Reports on Completing Its Stock Buyback Program

Ferrari (NYSE:RACE) Reports on Completing Its Stock Buyback Program $RACE Ferrari (NYSE:RACE) announced Wednesday that under the common share buyback program announced on 9 February 2018, the Company has purchased additional common shares; reported in aggregate form, on daily basis – on the Italian Stock Exchange (MTA) and the New York Stock Exchange (NYSE) as in […]

Australian Dollar: USD/AUD (AUD=X) Claws Back Losses as Iron Ore Prices Rise

Australian Dollar: USD/AUD (AUD=X) Claws Back Losses as Iron Ore Prices Rise

Australian Dollar: USD/AUD (AUD=X) Claws Back Losses as Iron Ore Prices Rise The Australian Dollar US Dollar (AUD/USD) exchange rate has been volatile over the past twenty-four hours, and is currently trading at a rate of $0.7234 with the ‘Aussie’ making an attempt to push back against the ‘Greenback’. Tuesday saw iron ore spot markets […]

Alphabet Inc. (NASDAQ:GOOG) has ‘a chance’ to make a comeback in China

Alphabet Inc. (NASDAQ:GOOG) has ‘a chance’ to make a comeback in China

Alphabet Inc. (NASDAQ:GOOG) has ‘a chance’ to make a comeback in China One of the first investors in China’s biggest search engine said Tuesday that Google has “a chance” of making it in China. Speaking at the CNBC East Tech West conference in the Nansha district of Guangzhou, China, the managing partner of venture capital […]

Euro: USD/EUR (EUR=X) back down as dollar recovers

Euro: USD/EUR (EUR=X) back down as dollar recovers

Euro: USD/EUR (EUR=X) back down as dollar recovers The sellers have reasserted their control over the last few days, with the EUR/USD’s rally towards $1.15 providing a selling opportunity. Below $1.13 the price heads towards to the $1.1215 lows of earlier in the month. In the short term, the price may bounce, but any move back towards […]

Australia: USD/AUD (AUD=X) retreated from the highs as global stock markets were on the back foot

Australia: USD/AUD (AUD=X) retreated from the highs as global stock markets were on the back foot

Australia: USD/AUD (AUD=X) retreated from the highs as global stock markets were on the back foot The Australian dollar retreated from the highs as global stock markets were on the back foot once again. Capital expenditure, Chinese PMI’s, and the G-20 meetings stand out. Here are the highlights of the week and an updated technical […]

‘AMLO’ Backs President Trump on US-Mexico Border Policy

‘AMLO’ Backs President Trump on US-Mexico Border Policy

‘AMLO’ Backs President Trump on US-Mexico Border Policy Mexico’s incoming government has agreed to back The Trump Administration’s plan to change US border policy by requiring asylum seekers to wait in Mexico while their claims move through US courts. Mexican officials and senior members of President-elect Andres Manuel Lopez Obrador’s (AMLO) transition team said the […]

Tesla’s (NASDAQ:TSLA) Used EVs, the Water in its Backyard

Tesla’s (NASDAQ:TSLA) Used EVs, the Water in its Backyard

Tesla’s (NASDAQ:TSLA) Used EVs, the ‘Water in its Backyard’ $TSLA With more used EVs coming in, Tesla (NASDAQ:TSLA) is said to be partnering with car auction firms in an effort to sell out those used cars. According to a new report in the media, Tesla is working with Manheim and Adesa KAR to sell larger […]

Apple Inc. (NASDAQ:AAPL) set to snap 5-day losing streak as market cap climbs back above $900 billion

Apple Inc. (NASDAQ:AAPL) set to snap 5-day losing streak as market cap climbs back above $900 billion

Apple Inc. (NASDAQ:AAPL) set to snap 5-day losing streak as market cap climbs back above $900 billion Shares of Apple Inc. rebounded Thursday, as they attempted to snap a five-day skid lower, after Morgan Stanley analyst Katy Huberty said she believes the recent weakness has been an overreaction to sales warnings from smartphone suppliers, which […]

Bitcoin: USD/BTC (BTC=X) bulls might see bounce-back

Bitcoin: USD/BTC (BTC=X) bulls might see bounce-back

Bitcoin: USD/BTC (BTC=X) bulls might see bounce-back Bitcoin [BTC] has recently seen a drop, breaking the resistance at the $6,220-mark to provide an extremely bearish outlook. However, traders might see an opportunity for a retracement as the coin is yet to recover to its previous support levels. There is no visible uptrend, as the price […]

British Cabinet Backs PM May’s BREXIT Plan

British Cabinet Backs PM May’s BREXIT Plan

British Cabinet Backs PM May’s BREXIT Plan British Prime Minister Theresa May said on Wednesday that cabinet had backed her BREXIT plan, adding it was in the national interest but that there would be difficult days ahead. “The collective decision of cabinet was that the government should agree the draft withdrawal agreement and the outline […]

Ferrari’s (NYSE:RACE) 812 Superfast V-12 Looks Back to its Roots

Ferrari’s (NYSE:RACE) 812 Superfast V-12 Looks Back to its Roots

Ferrari’s (NYSE:RACE) 812 Superfast V-12 Looks Back to its Roots $RACE Ferrari (NYSE:RACE) got its start building 2-seat sports GTs with V12s in the front. With ladder chassis, live rear axles, and drum brakes, they were not the most technically advanced, but they were fast, durable and beautiful, I owned a 1952 250GTE by Pinninfarina, […]

Singapore: STI Index (.STI) volatility is back

Singapore: STI Index (.STI) volatility is back

Singapore: STI Index (.STI) volatility is back In a year full of debate on whether stocks have peaked, one thing’s clear: volatility is back. Tuesday’s trading showed that in spades, with Japan’s Nikkei 225 Stock Average sliding 3.5% at one point before paring to close 2.1% lower. China’s Shanghai Composite quickly erased its earlier 1.3% […]

US China Trade Talks Back On

US China Trade Talks Back On

US China Trade Talks Back On President Donald Trump’s top economic adviser said Tuesday that the United States was talking again with China on trade, calling it a “very positive” development. “Right now we’re having communications at all levels of the US and Chinese governments,” National Economic Council Director Larry Kudlow said in a TV […]

China Backed Trade Coming in 2019

China Backed Trade Coming in 2019

A China-backed bid to complete the world’s largest trade deal — without the United States — was pushed back to next year after Asia-Pacific trade ministers failed to agree key terms at a Singapore summit. The Regional Comprehensive Economic Partnership (RCEP), covering half the world’s population, is billed as an antidote to Donald Trump’s “America […]

Hong Kong: HANG SENG INDEX (.HSI) Govt relaxes rules on share buybacks

Hong Kong: HANG SENG INDEX (.HSI) Govt relaxes rules on share buybacks

Hong Kong: HANG SENG INDEX (.HSI) Govt relaxes rules on share buybacks Stocks in China and Hong Kong edged higher on Monday after government departments and regulators rolled out a series of measures over the weekend to support the private sector, including steps to make share buybacks easier. The Shanghai Composite index rose 0.7 percent […]

Shanghai: SSE Composite Index (.SSEC) securities regulator said it will make it easier for companies to buy back shares

Shanghai: SSE Composite Index (.SSEC) securities regulator said it will make it easier for companies to buy back shares

Shanghai: SSE Composite Index (.SSEC) securities regulator said it will make it easier for companies to buy back shares Stocks in China snapped a five-session losing streak to end higher on Monday, after the securities regulator said it will make it easier for companies to buy back shares. The news lifted smaller-cap stocks, which have […]

Bitcoin: USD/BTC (BTC=X) likely to bounce back as long as it is above $6,440

Bitcoin: USD/BTC (BTC=X) likely to bounce back as long as it is above $6,440

Bitcoin: USD/BTC (BTC=X) likely to bounce back as long as it is above $6,440 Yesterday, we saw a nice upward move above the $6,500 resistance in bitcoin price against the US Dollar. The BTC/USD pair traded as high as $6,553 and settled above the 100 hourly simple moving average. Later, the price started a downside […]

US Stock Market Setup to Rise 10% in Relief Rally Off of the October Pullback

US Stock Market Setup to Rise 10% in Relief Rally Off of the October Pullback

US Stock Market Setup to Rise 10% in Relief Rally Off of the October Pullback $DIA, $SPY, $QQQ, $RUTX, $VXX My work shows that the US stock market could rally in relief at least 10% after Tuesday’s midterm Congressional elections. With so much risk recently taken off the table heading into the elections it is a […]

Euro: USD/EUR (EUR=X) pulling back after recent bullish break

Euro: USD/EUR (EUR=X) pulling back after recent bullish break

Euro: USD/EUR (EUR=X) pulling back after recent bullish break EUR/USD has been moving lower since Friday morning, coming off the back of a trendline breakout. The fact that we saw a move that barely even reached the 50% level points towards the possibility of further upside. With that in mind, the current pullback looks like a […]

Stocks are Cheap and the Biggest Buyers are Jumping Back In

Stocks are Cheap and the Biggest Buyers are Jumping Back In

Stocks are Cheap and the Biggest Buyers are Jumping Back In $DIA, $SPY, $QQQ, $RUTX, $VXX Companies are the biggest purchasers of their own shares, and they were absent from the market for the last several weeks, just as stock prices were tumbling on worries about global trade and rising interest rates. Businesses were holding […]

President Trump Puts the Heaviest Pressures Back on Iran

President Trump Puts the Heaviest Pressures Back on Iran

President Trump Puts the Heaviest Pressures Back on Iran Friday, The Trump Administration announced the re-imposition of all US sanctions on Iran that had been lifted under the Y 2015 nuclear deal. The sanctions take effect Monday and cover Iran’s shipping, financial and energy sectors. It’s the 2nd batch of penalties that the administration has […]

GOLD 1 OZ (XAU=X) Prices Powered Up By Greenback

GOLD 1 OZ (XAU=X) Prices Powered Up By Greenback

GOLD 1 OZ (XAU=X) Prices Powered Up By Greenback Gold and silver prices are posting strong gains in early-afternoon U.S. trading Thursday. Traders in both metals have stepped in to buy the dips on some perceived bargain hunting, and by heavy short covering from the futures traders. Also, precious metals are seeing good buying interest […]

Hong Kong: HANG SENG INDEX (.HSI) US-China trade war back in the spotlight

Hong Kong: HANG SENG INDEX (.HSI) US-China trade war back in the spotlight

Hong Kong: HANG SENG INDEX (.HSI) US-China trade war back in the spotlight Overnight on Wall Street, stocks closed lower following a Bloomberg News report that said the United States is preparing new tariffs against all remaining Chinese imports if trade talks between Presidents Donald Trump and Xi Jinping fail to reconcile the ongoing trade […]

Buy the Dip: “Fed has the Market’s Back”

Buy the Dip: “Fed has the Market’s Back”

Buy the Dip: “Fed has the Market’s Back” $DIA, $SPY, $QQQ, $RUTX, $VXX Investors should take advantage of this market pull back, the deepest in 3 years to position for a year-end rally as fears over Fed Hawkishness are likely overdone. While catalysts cited behind the Southside action ranged from peak earnings growth to trade […]

British Pound: USD/GBP (GBP=X) falling back towards crucial support level

British Pound: USD/GBP (GBP=X) falling back towards crucial support level

British Pound: USD/GBP (GBP=X) falling back towards crucial support level GBP/USD is falling once more, with the pair moving closer to the crucial $1.2922 support level. The falling wedge seen throughout the past week is pointing towards a potential bullish break at some point. However, the ability to break below $1.2922 is the real signal for […]

Alibaba Group Holding Limited (NYSE:BABA) wins preliminary trademark injunction against cryptocurrency Alibabacoin

Alibaba Group Holding Limited (NYSE:BABA) wins preliminary trademark injunction against cryptocurrency Alibabacoin

Alibaba Group Holding Limited (NYSE:BABA) wins preliminary trademark injunction against cryptocurrency Alibabacoin Chinese e-commerce giant Alibaba Group Holding Limited has won a preliminary injunction against cryptocurrency firm Alibabacoin Foundation. The legal victory centers on the use of the company’s name, or likeness, purportedly to promote the foundation’s similarly named virtual currency, according to Oct. 22 […]

Take Yourself ‘Outback’

Take Yourself ‘Outback’

Take Yourself ‘Outback’ When we hear of the Australian Outback we often picture the geographical desert heart of the country and sacred sights such as Uluru and Kata Tjuta. However, the Outback is actually a term used to describe any remote region of the country’s interior and coastline. From Aboriginal sites to canyons, lakes and […]

Australia: S&P/ASX 200 (.AXJO) pullback in bank stocks

Australia: S&P/ASX 200 (.AXJO) pullback in bank stocks

Australia: S&P/ASX 200 (.AXJO) pullback in bank stocks The local session could be characterised as being somewhat lacklustre: the lion’s share of the day’s losses came shortly after the open, volume was below average, and market breadth finished at 30%. Most sectors finished the day in the red, but naturally it was a pullback in […]

Euro: USD/EUR (EUR=X) pullback unlikely to last

Euro: USD/EUR (EUR=X) pullback unlikely to last

Euro: USD/EUR (EUR=X) pullback unlikely to last Friday saw EUR/USD attempt to reverse some of its recent gains, with the break through $1.1549 and $1.1594 providing a bullish reversal signal. We do not know the size of this current retracement, yet unless we reverse the whole of last week’s rally and break below $1.1432, then this current […]

British Pound: USD/GBP (GBP=X) pulling back after recent ascent

British Pound: USD/GBP (GBP=X) pulling back after recent ascent

British Pound: USD/GBP (GBP=X) pulling back after recent ascent GBP/USD has been an outperformer of late, with yesterday proving no different. The pair managed to rally into an October high to continue the short-term bullish trend. While we are looking likely to retrace some of the gains seen yesterday, a bullish short-term outlook remains unless we […]

Australia: S&P/ASX 200 (.AXJO) higher on the back of healthcare

Australia: S&P/ASX 200 (.AXJO) higher on the back of healthcare

Australia: S&P/ASX 200 (.AXJO) higher on the back of healthcare A surprising turnaround has seen the Australian market finish the day higher on the back of healthcare and telco stocks as the financial sector shrugged off leftover jitters from Wall Street. The benchmark S&P/ASX200 index was up 8.7 points, or 0.14 per cent, to 6,049.8 […]

United States Oil (USO) climbs back to a nearly 4-year high

United States Oil (USO) climbs back to a nearly 4-year high

United States Oil (USO) climbs back to a nearly 4-year high Oil futures rallied on Wednesday as reported declines in Iranian exports due to pending U.S. oil sanctions, and uncertainty surrounding the ability of other major oil producers to make up for the loss, lifted U.S. and global prices back to nearly four-year highs. The […]

Amazon.com, Inc. (NASDAQ:AMZN) stock jumps back above $2,000

Amazon.com, Inc. (NASDAQ:AMZN) stock jumps back above $2,000

Amazon.com, Inc. (NASDAQ:AMZN) stock jumps back above $2,000  Shares of Amazon.com Inc. AMZN, +1.93% jumped 1.6% in morning trade Thursday, after Stifel Nicolaus analyst Scott Devitt raised his stock price target to $2,525 from $2,020. The new target is the highest of the 47 analysts surveyed by FactSet, just above the second-highest of $2,500. The […]

Dow Jones Industrial Average (.DJI) indexes bounce back from four days of modest losses

Dow Jones Industrial Average (.DJI) indexes bounce back from four days of modest losses

Dow Jones Industrial Average (.DJI) indexes bounce back from four days of modest losses Broad gains by Apple and Amazon helped most U.S. indexes bounce back from four days of modest losses. Apple rose 2.1 percent to $224.95 on Thursday after JPMorgan Chase analyst Samik Chatterjee said the stock could climb another 20 percent by the end […]

Australian Dollar: USD/AUD (AUD=X) global relief rally saw traders pour back into riskier assets

Australian Dollar: USD/AUD (AUD=X) global relief rally saw traders pour back into riskier assets

Australian Dollar: USD/AUD (AUD=X) global relief rally saw traders pour back into riskier assets The Australian Dollar lived up to its reputation as the risk-proxy of choice for traders during this trade war, selling off to as low as 0.7150 in the lead-up to US President Trump’s announcement of the latest round of US tariffs […]

Shanghai: SSE Composite Index (.SSEC) stocks are regaining their appeal as the US economy comes back down to Earth

Shanghai: SSE Composite Index (.SSEC) stocks are regaining their appeal as the US economy comes back down to Earth

Shanghai: SSE Composite Index (.SSEC) stocks are regaining their appeal as the US economy comes back down to Earth Last Monday, the Shanghai Composite Index closed at its lowest level since November 2014, dipping below its trough in January 2016 following the bursting of China’s stock market bubble. On the same day, the benchmark S&P 500 index […]

British Pound: USD/GBP (GBP=X) instigates fight back after recent decline

British Pound: USD/GBP (GBP=X) instigates fight back after recent decline

British Pound: USD/GBP (GBP=X) instigates fight back after recent decline GBP/USD dropped out of its recent uptrend, with the break below $1.3097 pointing towards further losses to come. The fall below the descending trendline support on the stochastic adds to that notion that we are now in a more bearish phase, with the fears over Brexit […]

Tiger Woods is Back, Wins Tour Championship

Tiger Woods is Back, Wins Tour Championship

Tiger Woods is Back, Wins Tour Championship Tiger Woods, 42 anni, shot an 1-over-par 71 Sunday to win the Tour Championship by 2 strokes and posted his 1st victory since Y 2013. Woods finished at 11-under 269 to secure his 80th career PGA Tour victory. He won the Tour Championship for a 3rd time. Justin […]

Japanese Yen: USD/JPY (JPY=X) pulls back into trendline support

Japanese Yen: USD/JPY (JPY=X) pulls back into trendline support

Japanese Yen: USD/JPY (JPY=X) pulls back into trendline support USD/JPY has dropped into trendline support overnight, with the recent channel looking to come back into play. Looking at the stochastic oscillator, we can also see an area of trendline support coming into view too. With that in mind, there is a good chance we will see […]

United States Oil (USO) prices pulled back from gains racked up in the previous session

United States Oil (USO) prices pulled back from gains racked up in the previous session

United States Oil (USO) prices pulled back from gains racked up in the previous session Oil prices on Wednesday pulled back from gains racked up the previous day, pushed down amid a surprise climb in U.S. crude stockpiles. Brent crude futures had dropped 22 cents, or 0.28 percent, to $78.81 per barrel by 0042 GMT, chipping […]

Australian Dollar: USD/AUD (AUD=X) rallies despite macro backdrop

Australian Dollar: USD/AUD (AUD=X) rallies despite macro backdrop

Australian Dollar: USD/AUD (AUD=X) rallies despite macro backdrop AUD/USD continues to demonstrate notable strength despite getting no help from the Reserve Bank of Australia (RBA) and the fresh round of trade wars that broke out last night. It is still in a firm downtrend, but a rebound towards $0.73 now looks possible. A close back below […]

 Stock Buybacks Up 50% to $384-B

 Stock Buybacks Up 50% to $384-B

 Stock Buybacks Up 50% to $384-B $AAPL, $GS, $SPY The biggest use of cash among S&P 500 companies is making their public footprints smaller, a strategy that is paid dividends in 2018. According to Goldman Sachs (NYSE:GS), aggregate share repurchases aka buybacks, rose by nearly 50% to $384-B in 1-H of Y 2018. That tops […]

US Backs Terrorists in Syria

US Backs Terrorists in Syria

Washington is seeking to obstruct moves towards peace to “artificially prolong” the conflict in Syria by saving Al-Qaeda-linked terrorists from imminent defeat, Russian Foreign Ministry spokesperson Maria Zakharova has said. The US is obviously struggling to justify its military presence on Syrian territory as it uses officials and biased media to prepare the world for […]

Tesla, Inc. (NASDAQ:TSLA) Likely to Bounce Back

Tesla, Inc. (NASDAQ:TSLA) Likely to Bounce Back

Tesla, Inc. (NASDAQ:TSLA) Likely to Bounce Back Tesla shares have been extremely volatile over the past six months. However, the chart shows that the shares don’t stay down for very long. And now could be the time for the next peak, particularly if Elon Musk’s words prove true. “We are about to have the most […]

Bitcoin: USD/BTC (BTC=X) Could Pullback

Bitcoin: USD/BTC (BTC=X) Could Pullback

Bitcoin: USD/BTC (BTC=X) Could Pullback The range we are watching for today has 7379-fiat as our interim resistance and 7153-fiat as our interim support. It is a pretty wide range to apply our intrarange strategy; thus, a pullback from the Rising wedge resistance or interim resistance could open a decent short opportunity towards support, and […]

Euro: USD/EUR (EUR=X) pulls back from recent uptrend

Euro: USD/EUR (EUR=X) pulls back from recent uptrend

Euro: USD/EUR (EUR=X) pulls back from recent uptrend EUR/USD fell below trendline support, with the pair moving into a crucial area of support that will determine the outlook for the week ahead. The pair needed to either break through $1.1746 for a more bullish outlook, or below trendline support to prove that we could be set […]

GOLD 1 OZ (XAU=X) Bears Ease Back

GOLD 1 OZ (XAU=X) Bears Ease Back

GOLD 1 OZ (XAU=X) Bears Ease Back There are no major economic reports today because of the U.S. holiday. Furthermore, any price action today will take place under extremely thin-trading conditions. This means be careful buying strength and selling weakness. Gold is likely to continue to be manipulated by the price action in the U.S. […]

Lower Back Pain Leads to Weight Gain

Lower Back Pain Leads to Weight Gain

Lower Back Pain Leads to Weight Gain Lower back pain is a common health complaint, and if it sidelines you for too long, it can lead to weight gain, a loss in your fitness level and keep you from doing things you really like to do. But not moving is not the answer Specific exercises […]

Netflix, Inc. (NASDAQ:NFLX) stock appears to be on its way back to $400

Netflix, Inc. (NASDAQ:NFLX) stock appears to be on its way back to $400

Netflix, Inc. (NASDAQ:NFLX) stock appears to be on its way back to $400 Netflix, Inc. (NASDAQ:NFLX) stock price scaled last week Friday as subscribers run in after a claim was made. The notice got investors cheering up and excited, but the most important question is if the stock is worth buying once again as Amazon.com, Inc. (NASDAQ:AMZN) stock […]

Ferrari’s (NYSE:RACE) Stock Headed Back to Highs and Higher

Ferrari’s (NYSE:RACE) Stock Headed Back to Highs and Higher

Ferrari’s (NYSE:RACE) Stock Headed Back to Highs and Higher $RACE Ferrari(NYSE:RACE) is running North on automotive sector analyst upgrade. Wednesday HSBC’s automotive sector analyst Giulio Pescatore upgraded Ferrari from Hold to Buy and raised his price target 156/share (EUR 133.) The Big Q: Why? After initiating coverage in December 2017, Pescatore said he was “hesitant […]

Hong Kong: HANG SENG INDEX (.HSI) gains capped as Chinese lenders pull back after reporting earnings

Hong Kong: HANG SENG INDEX (.HSI) gains capped as Chinese lenders pull back after reporting earnings

Hong Kong: HANG SENG INDEX (.HSI) gains capped as Chinese lenders pull back after reporting earnings Hong Kong stocks closed higher on Wednesday, rising for a third straight session, but gains were capped as major Chinese banks pulled back after reporting half-year earnings. The Hang Seng Index edged up 0.2 per cent, or 64.82 points, […]

NVIDIA Corporation (NASDAQ:NVDA) stock is back to flying higher

NVIDIA Corporation (NASDAQ:NVDA) stock is back to flying higher

NVIDIA Corporation (NASDAQ:NVDA) stock is back to flying higher On Tuesday, Citron Research put out a note listing 10 reasons why Nvidia should be a $200 stock by April. That follows Nvidia’s unveiling of its new line of gaming cards, in what represents its core business, with shares finishing up 1.2% on Monday. That’s on […]

Tesla’s (NASDAQ:TSLA) Institutional Investors Backing Away

Tesla’s (NASDAQ:TSLA) Institutional Investors Backing Away

Tesla’s (NASDAQ:TSLA) Institutional Investors Backing Away $TSLA, $MS, $GS Tesla (NASDAQ:TSLA) CEO Elon Musk’s ‘420’ bid to take the fledgling EV maker private has taken another turn that has triggered trading chaos, as Morgan Stanley became the 2nd firm to suspend coverage of the stock. Recall that last week Goldman Sachs announced that it removed its Tesla […]

Japanese Yen: USD/JPY (JPY=X) gains ground as greenback loses luster

Japanese Yen: USD/JPY (JPY=X) gains ground as greenback loses luster

Japanese Yen: USD/JPY (JPY=X) gains ground as greenback loses luster USD/JPY recovered to 111.42 last week but failed to extend gain and retreated. Initial bias is neutral this week first. And near term outlook is unchanged. The corrective decline from 113.17 might extend lower. But downside should be contained by 38.2% retracement of 104.62 to […]

Possibility of a Ferrari (NYSE:RACE) Hatchback is Slim to None

Possibility of a Ferrari (NYSE:RACE) Hatchback is Slim to None

Possibility of a Ferrari (NYSE:RACE) Hatchback is Slim to None $RACE Ferrari (NYSE:RACE)has officially said it will produce a FUV (SUV) altering its Supercar-only DNA. Some say that means more mainstream cars will not be far behind. With that in mind, an artist has rendered a city-centric Ferrari hatchback that looks pretty cool. Artist Taekang […]

Democrats Back Socialist Man in a Dress to Lead Vermont

Democrats Back Socialist Man in a Dress to Lead Vermont

Democrats Back Socialist Man in a Dress to Lead Vermont So if you put a man in a dress and he promotes socialism it is not politically correct to attack that proposition, well not for us Dave Hallquist now calls himself Christine Hallquist and is a socialist. The election of these alternate lifestyle people is […]

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