The World’s Central Bank’s Demand for Gold at 3-year Highs

The World’s Central Bank’s Demand for Gold at 3-year Highs

The World’s Central Bank’s Demand for Gold at 3-year Highs $GLD, $GBP, $EUR, $CNY The world’s Central banks’ demand for gold reached a three year high, rising 8% during 1-H of Y  2018 compared to the same frame last year, according to a World Gold Council (WGC) market update on central bank buying activity released […]

Tesla’s (NASDAQ:TSLA) VP of Global Supply Management Ankles the Ailing EV Maker

Tesla’s (NASDAQ:TSLA) VP of Global Supply Management Ankles the Ailing EV Maker

Tesla’s (NASDAQ:TSLA) VP of Global Supply Management Ankles the Ailing EV Maker $TSLA Liam O’Connor is another 1 of a of Tesla execs to exit due to current DOJ (criminal) and SEC investigative climate. Tesla (NASDAQ:TSLA) is losing yet another executive in a string of departures going back months. This time, according to a report Thursday, […]

Aurora Cannabis Plans US Stock Listing in October

Aurora Cannabis Plans US Stock Listing in October

Aurora Cannabis Plans US Stock Listing in October $ACBFF, $TLRY, $KO, $SZT Canada’s Aurora Cannabis Inc. (TSX:ABC) said Thursday it planned a US listing of its shares in October, as it looks to cash in on strong investor appetite for marijuana producers. Interest has boomed in Canada’s marijuana companies ahead of legalization of recreational cannabis […]

Ferrari’s (NYSE:RACE) CEO, “We Will Work to Double Profits by 2022”

Ferrari’s (NYSE:RACE) CEO, “We Will Work to Double Profits by 2022”

Ferrari’s (NYSE:RACE) CEO, “We Will Work to Double Profits by 2022” $RACE Ferrari(NYSE:RACE) announced  plans to introduce 15 new models on Tuesday, including a range of hybrids and a FUV vehicle, as it aims to 2X its earnings by Y 2022. In the company’s annual Capital Markets Day presentation Tuesday, CEO Louis Camilleri pared Ferrari’s long-term […]

Shanghai: SSE Composite Index (.SSEC) trade war caution persists

Shanghai: SSE Composite Index (.SSEC) trade war caution persists

Shanghai: SSE Composite Index (.SSEC) trade war caution persists Shares in China gave up ground on Thursday after two days of gains, as investor sentiment remained fragile following the latest volley of tariffs in the Sino-US trade war. At the close, the Shanghai Composite index was down 0.1 per cent at 2,729.24 points. The blue-chip […]

Singapore Dollar: USD/SGD (SGD=X) take a short position on USD/SGD only below 1.3680

Singapore Dollar: USD/SGD (SGD=X) take a short position on USD/SGD only below 1.3680

Singapore Dollar: USD/SGD (SGD=X) take a short position on USD/SGD only below 1.3680 USD/SGD is currently trading around 1.3682 marks. It made intraday high at 1.3696 and low at 1.3682 levels. Intraday bias remains bearish till the time pair holds key resistance at 1.3720 marks. A daily close above 1.3640 will test key resistances at […]

Chinese Yuan: USD/CNY (CNY=X) trade war remains key focus

Chinese Yuan: USD/CNY (CNY=X) trade war remains key focus

Chinese Yuan: USD/CNY (CNY=X) trade war remains key focus China’s yuan was little changed against the dollar on Thursday as market participants squared positions ahead of a long holiday weekend and remained cautious about developments in the Sino-U.S. trade war. The dollar hovered near a seven-week low against a basket of major currencies as trade […]

Canadian Dollar: USD/CAD (CAD=X) Bears in Control

Canadian Dollar: USD/CAD (CAD=X) Bears in Control

Canadian Dollar: USD/CAD (CAD=X) Bears in Control The Canadian dollar has posted small gains in the Thursday session. Currently, USD/CAD is trading at 1.2908, down 0.10% on the day. On the release front, Canada releases ADP nonfarm employment change. In the U.S, the Philly Fed Manufacturing Index is expected to jump to 17.5 points, while unemployment […]

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 […]

British Pound: USD/GBP (GBP=X) turning higher after yesterday’s volatility

British Pound: USD/GBP (GBP=X) turning higher after yesterday’s volatility

British Pound: USD/GBP (GBP=X) turning higher after yesterday’s volatility GBP/USD is also gaining ground in early trade, with the pair attempting to push higher after falling below trendline support. That break could provide the first signal of an impending downturn. However, with the price not having broken below the $1.3056 swing low, we have not yet […]

Euro: USD/EUR (EUR=X) launching assault on key resistance zone

Euro: USD/EUR (EUR=X) launching assault on key resistance zone

Euro: USD/EUR (EUR=X) launching assault on key resistance zone EUR/USD is turning higher yet again this morning, with the pair looking likely to challenge the $1.1718-$1.1746 resistance zone once more. The ability to break through that resistance zone is key in determining whether we are set for a wider period of gains. As such, watch for […]

Australian Dollar: USD/AUD (AUD=X) breaking through some relatively difficult resistance

Australian Dollar: USD/AUD (AUD=X) breaking through some relatively difficult resistance

Australian Dollar: USD/AUD (AUD=X) breaking through some relatively difficult resistance The Australian dollar has rallied again during the day on Wednesday, breaking through some relatively difficult resistance at the 0.7250 line. Perhaps it is the idea that the Chinese are starting to soften their stance a bit, or maybe it’s just a simple reflexive bounce […]

Singapore: STI Index (.STI) resumed trading essentially flat

Singapore: STI Index (.STI) resumed trading essentially flat

Singapore: STI Index (.STI) resumed trading essentially flat Singapore stocks resumed trading essentially flat on Thursday after the midday lunch break, with the Straits Times Index shedding 0.27 of a point, or 0.01 per cent to 3,176.3. Losers outnumbered gainers 178 to 125, as some 805.3 million shares worth S$435.8 million in total changed hands. The […]

GOLD 1 OZ (XAU=X) Prices Firmer

GOLD 1 OZ (XAU=X) Prices Firmer

GOLD 1 OZ (XAU=X) Prices Firmer Gold prices are modestly higher in early U.S. trading Thursday. A sharply lower U.S. dollar index that dropped to a 2.5-month low this morning is only giving mild support to the precious metals markets. Risk-on trader and investor attitudes in the world marketplace continue to squelch buyers of the safe-haven […]

SILVER 1 OZ 999 NY (XAG=X) exploded to one of the widest margins in history

SILVER 1 OZ 999 NY (XAG=X) exploded to one of the widest margins in history

SILVER 1 OZ 999 NY (XAG=X) exploded to one of the widest margins in history The gold-silver ratio has exploded to one of the widest margins in history, with gold trading almost 85 times the price of silver. The ratio set by law is supposed to be 15-to-1; how did we get to 85-to-1? This is the […]

The Trump Effect: US Economy is Strong

The Trump Effect: US Economy is Strong

The Trump Effect: US Economy is Strong $DIA The strong US economy continues under President Donald Trump. A string of reports Thursday showed the labor market is getting stronger, consumers are increasingly optimistic and manufacturers are expanding, adding to signs that GDP (gross domestic product) remains on track for a solid performance in Q-3 Filings […]

The Street’s Key Stock Analysts Research Reports

The Street’s Key Stock Analysts Research Reports

The Street’s Key Stock Analysts Research Reports $ARPO, $BHGE, $BGNE, $BBU, $D, $ERIC, $EFC, $HAL, $TSM, $RIG Daily HeffX-LTN reviews dozens of  the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of the Street’s Key analysts outlook for main issues for […]

Volkswagen’s (OTCMKT:VLKAY) MEB EV Platform Unveiled

Volkswagen’s (OTCMKT:VLKAY) MEB EV Platform Unveiled

Volkswagen’s (OTCMKT:VLKAY) MEB EV Platform Unveiled $VLKAY Volkswagen (OTCMKT:VLKAY) has unveiled its Electric for All initiative, which will set out to introduce EVs over the better part of the next 10 yrs at what the automaker says will be affordable prices. VW is aiming to sell around 150,000 electric cars by Y 2020 and increase annual sales […]

Australia: S&P/ASX 200 (.AXJO) continue to shrug off trade war tensions

Australia: S&P/ASX 200 (.AXJO) continue to shrug off trade war tensions

Australia: S&P/ASX 200 (.AXJO) continue to shrug off trade war tensions SPI futures are indicating a 5-point jump at the open for the ASX200, as trade continue to ride the wave of relief washing-over global markets. The boost in global commodity prices has underpinned the bounce in the ASX, with the materials and energy sectors […]

Alphabet Inc. (NASDAQ:GOOG) struck a deal with Renault, Nissan, and Mitsubishi

Alphabet Inc. (NASDAQ:GOOG) struck a deal with Renault, Nissan, and Mitsubishi

Alphabet Inc. (NASDAQ:GOOG) struck a deal with Renault, Nissan, and Mitsubishi Back at I/O 2018, Google put an Android Automotive setup on a RAM 1500 pickup that completely replaced the vehicle’s normal stock interface. You’ve probably used or at least heard of Android Auto which mirrors apps from an Android device to the car’s screen. […]

Alibaba Group Holding Limited (NYSE:BABA) Incredible Buying Opportunity

Alibaba Group Holding Limited (NYSE:BABA) Incredible Buying Opportunity

Alibaba Group Holding Limited (NYSE:BABA) Incredible Buying Opportunity The company confirmed recently that its founder and leader Jack Ma will step down as executive chair next year and leave the company board of directors the year after that. As with many uber-successful business people, like Bill Gates, Ma will turn his energies toward “doing good” and following […]

NASDAQ Composite (.IXIC) Weighed Down by Software Stocks

NASDAQ Composite (.IXIC) Weighed Down by Software Stocks

NASDAQ Composite (.IXIC) Weighed Down by Software Stocks Led by gains in trade-sensitive industrials and shares in the financial sector, the Dow Jones Industrial Average continues to gain altitude and was higher by nearly 200 points to an eight-month high, while the Nasdaq is underwater as a result of pressure on software stocks with component […]

Bitcoin: USD/BTC (BTC=X) could still regain ground from here

Bitcoin: USD/BTC (BTC=X) could still regain ground from here

Bitcoin: USD/BTC (BTC=X) could still regain ground from here Bitcoin recently made a sharp dip lower but quickly found its way back inside the short-term rising channel on the 1-hour time frame. This suggests that price could still regain ground from here and that bulls are keen on defending the longer-term floors. The buildup in short […]

United States Oil (USO) signs OPEC may not raise output

United States Oil (USO) signs OPEC may not raise output

United States Oil (USO) signs OPEC may not raise output Oil rose for a third day on Thursday amid another drawdown in U.S. inventories and strong U.S. gasoline demand, while signs OPEC may not raise output to address shrinking supplies from Iran also supported prices. U.S. sanctions affecting Iran’s oil exports come into force on […]

The Coca-Cola Company (NYSE:KO) Cannabis Deal Coming?

The Coca-Cola Company (NYSE:KO) Cannabis Deal Coming?

The Coca-Cola Company (NYSE:KO) Cannabis Deal Coming? This brings us to the Rumor of the Day in the cannabis market: a potential deal between Coca Cola Co. and Aurora Cannabis Inc. (TSX: ACB). While a Coca Cola official has issued a statement saying that management “have no interest in marijuana or cannabis”, this news is […]

Tesla, Inc. (NASDAQ:TSLA) probe is underway over the Elon Musk tweets

Tesla, Inc. (NASDAQ:TSLA) probe is underway over the Elon Musk tweets

Tesla, Inc. (NASDAQ:TSLA) probe is underway over the Elon Musk tweets On Tuesday, Tesla confirmed that it has cooperated with a Justice Department investigation, after Bloomberg reported a DOJ Tesla criminal probe is underway. Tesla stock fell 3.35% to 284.96. That’s off its Sept. 7 intraday low of 252.25 but well off its Aug. 7 […]

Dow Jones Industrial Average (.DJI) inching up to break recent records despite looming trade issues

Dow Jones Industrial Average (.DJI) inching up to break recent records despite looming trade issues

Dow Jones Industrial Average (.DJI) inching up to break recent records despite looming trade issues The Dow Jones Industrial Average DJIA, +0.61% jumped by more than 200 points in late-morning trade Wednesday, as the broader market appeared to shake off worries about U.S.-China tariff tensions. The Dow was up about 200 points, or 0.8%, at […]

Gold Prices Steady, Trade Concerns Pressure USD + Commodities

Gold Prices Steady, Trade Concerns Pressure USD + Commodities

Gold Prices Steady, Trade Concerns Pressure USD + Commodities $GLD, $SLV, $USD, $PLAT, $USO, $OIL, $SOY, $CORN,$WEAT In Asia Asian stocks followed global indexes higher Thursday, as investors took a less bearish view on the impact of the US-China trade war on markets, a sharp contrast to dim expectations economists had on US growth amid the […]

People a Asking: What Does the Future Hold for Elon Musk and Tesla?

People a Asking: What Does the Future Hold for Elon Musk and Tesla?

People a Asking: What Does the Future Hold for Elon Musk and Tesla? $TSLA On Tuesday, news broke that the Department of Justice had started a probe into Elon Musk’s 7 August ‘420’ Tweet: “Am considering taking Tesla private at $420. Funding secured.” The news of the DOJ inquiry sent Tesla stock tumbling yet again, […]

Ferrari (NYSE:RACE) to Launch 15 New Models by 2022

Ferrari (NYSE:RACE) to Launch 15 New Models by 2022

Ferrari (NYSE:RACE) to Launch 15 New Models by 2022 $RACE Ferrari confirmed the development of a new V6 hybrid powertrain Ferrari (NYSE:RACE) is planning a huge model line up in the next few years. During an investors meeting this week outlining its future plans, the automaker announced it will launch 15 new models by Y […]

Canadian Dollar: USD/CAD (CAD=X) rises as NAFTA optimism renews ahead of deadline for deal

Canadian Dollar: USD/CAD (CAD=X) rises as NAFTA optimism renews ahead of deadline for deal

Canadian Dollar: USD/CAD (CAD=X) rises as NAFTA optimism renews ahead of deadline for deal The Canadian Dollar advanced against rivals Wednesday amid renewed hopes a deal to save the North American Free Trade Agreement (NAFTA) could be announced before the week is out, and analysts at Goldman Sachs are forecasting the Loonie will continue to rise over […]

Euro: USD/EUR (EUR=X) tries to break $1.17 again

Euro: USD/EUR (EUR=X) tries to break $1.17 again

Euro: USD/EUR (EUR=X) tries to break $1.17 again EUR/USD is making another attempt to move above the $1.17 area that has blocked progress since the second half of August. Above this, the $1.18 area and then $1.1852 come into view. Rising trendline support appears around $1.1630, and further weakness requires a close below $1.1523. Overall, the […]

British Pound: USD/GBP (GBP=X) faces key resistance

British Pound: USD/GBP (GBP=X) faces key resistance

British Pound: USD/GBP (GBP=X) faces key resistance The uptrend continues for GBP/USD, but so far this week gains above $1.3170 have proved fleeting. A breakout above this level targets $1.32, and then on to $1.3302. A move below $1.2940 would be needed to end the current bullish trend from the August lows. Overall, the bias in […]

Shanghai: SSE Composite Index (.SSEC) stocks rallied for a second day

Shanghai: SSE Composite Index (.SSEC) stocks rallied for a second day

Shanghai: SSE Composite Index (.SSEC) stocks rallied for a second day\ The Shanghai Composite Index rose 1.1 per cent, or 30.90 points, to 2,730.85 at the close on Wednesday, extending a gain of 1.8 per cent for the previous day. The Hang Seng Index climbed 1.2 per cent, or 322.71 points, to 27,407.37 after adding […]

The Trump Effect: Atlanta Fed Keeps GDP Forecast at 4.4%

The Trump Effect: Atlanta Fed Keeps GDP Forecast at 4.4%

The Trump Effect: Atlanta Fed Keeps GDP Forecast at 4.4% $DIA, $SPY, $QQQ, $RUTX, $VXX Wednesday, the S&P 500 finished with a gainer of 0.1%, driven by financial shares, which rallied on another rise in interest rates. The blue-chip DJIA outperformed, adding 0.6%, the NAS Comp  lagged, closing lower by 0.1%, and the small-cap Russell […]

Japanese Yen: USD/JPY (JPY=X) rally picks up steam

Japanese Yen: USD/JPY (JPY=X) rally picks up steam

Japanese Yen: USD/JPY (JPY=X) rally picks up steam A rising trendline from the March lows continues to offer support for USD/JPY, and the close above the resistance zone around ¥112.00 suggests a push to the July highs at ¥113.00. Retracements towards ¥111.00 and the post-March trendline will continue to be buying opportunities, with a close below […]

Chinese Yuan: USD/CNY (CNY=X) prices offering no clear cut signal

Chinese Yuan: USD/CNY (CNY=X) prices offering no clear cut signal

Chinese Yuan: USD/CNY (CNY=X) prices offering no clear cut signal Chinese premier Li Keqiang has trumpeted the benefits of global trade, in a speech at the World Economic Forum today in Tianjin, China. And as trade tensions with the US heat up, Li said Chinese policy makers have plenty of tools at their disposal to […]

Hong Kong: HANG SENG INDEX (.HSI) Stocks Boosted by Beijing Pledge to step up investment in key areas

Hong Kong: HANG SENG INDEX (.HSI) Stocks Boosted by Beijing Pledge to step up investment in key areas

Hong Kong: HANG SENG INDEX (.HSI) Stocks Boosted by Beijing Pledge to step up investment in key areas Headline indices of the Hong Kong share market closed higher on Wednesday, 19 September 2018, with investor sentiment buoyed by gains on Wall Street overnight and gains in other Asian market today. Stocks were also boosted by […]

SILVER 1 OZ 999 NY (XAG=X) Next Support at $14.065

SILVER 1 OZ 999 NY (XAG=X) Next Support at $14.065

SILVER 1 OZ 999 NY (XAG=X) Next Support at $14.065 Silver futures bears still have the solid overall near-term technical advantage. There are still no strong, early clues to suggest a market bottom is close at hand. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $15.07 an ounce. […]

GOLD 1 OZ (XAU=X) Traders focus on comments from the central bank next week

GOLD 1 OZ (XAU=X) Traders focus on comments from the central bank next week

GOLD 1 OZ (XAU=X) Traders focus on comments from the central bank next week Gold prices are moderately higher in early-afternoon U.S. trading Wednesday. Gold and silver are supported on some buying back of previously sold positions (short covering) by the shorter-term futures traders. A lower U.S. dollar index on this day also supported some […]

Australia: S&P/ASX 200 (.AXJO) vulnerable to a correction towards 6,163.55

Australia: S&P/ASX 200 (.AXJO) vulnerable to a correction towards 6,163.55

Australia: S&P/ASX 200 (.AXJO) vulnerable to a correction towards 6,163.55 Australian shares are poised to open lower, amid mixed trading on Wall Street. ASX futures were down 3 points at 6.45am AEST, paring earlier losses. The Australian dollar extended its rally, rising another 0.7 per cent. On Wall Street, shares in Goldman Sachs and JPMorgan paced the Dow […]

Singapore: STI Index (.STI) Gains across region underscore weariness over tit-for-tat tariff war

Singapore: STI Index (.STI) Gains across region underscore weariness over tit-for-tat tariff war

Singapore: STI Index (.STI) Gains across region underscore weariness over tit-for-tat tariff war Locals shares headed north yesterday in line with markets across the region as investors took the tit-for-tat tariffs between the United States and China in their stride. Nearly all regional bourses rose despite the US$60 billion (S$82 billion) in tariffs levelled by […]

Australian Dollar: USD/AUD (AUD=X) received a boost from an increase in risk appetite

Australian Dollar: USD/AUD (AUD=X) received a boost from an increase in risk appetite

Australian Dollar: USD/AUD (AUD=X) received a boost from an increase in risk appetite The Australian Dollar received a boost from an increase in risk appetite last week, on the back of what were at the time easing trade war tensions and better than expected employment figures. While the global growth outlooked has soured with the […]

Singapore Dollar: USD/SGD (SGD=X) Short term consolidation ahead

Singapore Dollar: USD/SGD (SGD=X) Short term consolidation ahead

Singapore Dollar: USD/SGD (SGD=X) Short term consolidation ahead USD/SGD consolidated lower during Wednesday session, reaching an intra-day low of 1.3680. Short term consolidation ahead as bulls try to regain ground toward the 1.3755 resistance with the aid of upside pressure from US-China trade woes. Expect confined movements between 1.3675 and 1.3755 in the short term. […]

Marijuana Rally has Just Minted 3 New Billionaires

Marijuana Rally has Just Minted 3 New Billionaires

Marijuana Rally has Just Minted 3 New Billionaires $TLRY The 1st private equity firm focused exclusively on the cannabis industry has minted 3 new billionaires. Brendan Kennedy, Michael Blue and Christian Groh founded Seattle-based Privateer Holdings Inc. in May 2010 and the firm later invested in Canadian pot firm Tilray Inc.(NYSE:TLRY), whose market value topped […]

Tilray (NYSE:TLRY) Spikes as CEO Touts Marijuana Growth Prospects

Tilray (NYSE:TLRY) Spikes as CEO Touts Marijuana Growth Prospects

Tilray (NYSE:TLRY) Spikes, CEO Touts Marijuana Growth Prospects $TLRY “I don’t want to get bought by AB-InBev or Diageo, I want to be that company” CEO Kennedy said Tuesday  Tilray (NYSE:TLRY) is having its best day since its July IPO, adding as much as 94% to briefly touch 300/share, after CEO Brendan Kennedy touted the […]

The Street’s Key Stock Analysts Research Reports

The Street’s Key Stock Analysts Research Reports

The Street’s Key Stock Analysts Research Reports $AMD, $AKCA, $APA, $CL, $FDX, $GFI, $MRVL, $MU Daily HeffX-LTN reviews dozens of  the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of the Street’s Key analysts outlook for main issues for Wednesday, as […]

People Will Soon Be Asking, Who ‘Killed Tesla’?

People Will Soon Be Asking, Who ‘Killed Tesla’?

People Will Soon Be Asking, Who ‘Killed Tesla’? $TSLA Former General Motors (NYSE:GM) Vice Chairman Bob Lutz says he thinks Tesla“is headed for the graveyard.” He pointed to a handful of Tesla’s problems in a TV interview Tuesday. The totality of the fledgling EV maker’s financial, administrative, manufacturing, and legal problems, Mr. Lutz suggested, mean that Tesla’s (NASDAQ:TSLA) […]

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 […]

Dow Jones Industrial Average (.DJI) Higher after latest tariff moves

Dow Jones Industrial Average (.DJI) Higher after latest tariff moves

Dow Jones Industrial Average (.DJI) Higher after latest tariff moves U.S. stocks rallied on Tuesday, led by gains in Apple and Amazon, as investors judged the latest tit-for-tat tariffs between the United States and China as less damaging than expected. The Trump administration’s selection of a lower 10 percent tariff and exclusion of Apple from […]

Bitcoin: USD/BTC (BTC=X) well supported by $6,300 for the time being

Bitcoin: USD/BTC (BTC=X) well supported by $6,300 for the time being

Bitcoin: USD/BTC (BTC=X) well supported by $6,300 for the time being Bitcoin is trading at $6,330. The digital coin No.1 failed to return to $6,500 handle despite a strong rally of XRP, ETH, and other altcoins, while its market domination dropped from 58% to 5% in a single day. BTC/USD has gained 1.25% on a […]

Tesla, Inc. (NASDAQ:TSLA) facing a criminal inquiry over CEO Elon Musk’s go-private tweets

Tesla, Inc. (NASDAQ:TSLA) facing a criminal inquiry over CEO Elon Musk’s go-private tweets

Tesla, Inc. (NASDAQ:TSLA) facing a criminal inquiry over CEO Elon Musk’s go-private tweets Tesla is now facing a criminal inquiry over CEO Elon Musk’s go-private tweets, Bloomberg News reported Tuesday. After initially declining to comment, a Tesla spokesperson said the inquiry was voluntary request and not a formal subpoena. Shares of the electric-car company sharply […]

NASDAQ Composite (.IXIC) Investors Shrug off Trade War

NASDAQ Composite (.IXIC) Investors Shrug off Trade War

NASDAQ Composite (.IXIC) Investors Shrug off Trade War Tuesday’s session closes with the NASDAQ Composite Index at 7,956.11. The total shares traded for the NASDAQ was over 2.3 billion. Advancers stocks led declining by 1.43 to 1 ratio. There were 1795 advancers and 1257 decliners for the day. On the NASDAQ Stock Exchange 43 stocks […]

Gold Prices Up, as USD Eases + Commodities

Gold Prices Up, as USD Eases + Commodities

Gold Prices Up, as USD Eases + Commodities $GLD, $SLV, $USD, $PLAT, $USO, $OIL, $SOY, $CORN,$WEAT  Gold prices edged up Wednesday, as the USD weakened despite another round of reciprocal tariffs in the US-China trade dispute. In focus 19 September 2018 Spot gold up 0.1 % to 1,199.18 oz by 0044 GMT US gold futures […]

It is Very Expensive to Hedge Cannabis Stocks

It is Very Expensive to Hedge Cannabis Stocks

It is Very Expensive to Hedge Cannabis Stocks $TLRY, $MJ, $SZT, $SPY Stock investors caught up in the cannabis craze has driven marijuana stocks to record highs, options traders are paying the most ever to hedge against a fall. Skyrocketing marijuana stocks have driven the $560-M ETFMG Alternative Harvest ETF (MJ), up more than 60% […]

Wall Street Not Worried About President Trump’s Trade Policy

Wall Street Not Worried About President Trump’s Trade Policy

Wall Street Not Worried About President Trump’s Trade Policy $DIA, $SPY, $QQQ, $RUTX, $VXX Wall Street finished higher Tuesday in a broad-based rally as investors brushed aside trade rhetoric between the United States and China showing no fear, only cheer. All 3 major U.S. indexes closed higher following Monday’s pause to refresh. Late Monday, US […]

Ferrari’s (NYSE:RACE) Retro Monza’s SP1 and SP2 are Stunning

Ferrari’s (NYSE:RACE) Retro Monza’s SP1 and SP2 are Stunning

Ferrari’s (NYSE:RACE) Retro Monza’s SP1 and SP2 are Stunning $RACE Ferrari (NYSE:RACE) shocks purists last year with talk of a FUV, but the iconic Italian automaker has not forgotten about Supersports cars, as the 2 new Monzas showed the clienti and the automotive world Tuesday in Maranello. Unveiled as part of the company’s Capital Market’s Day […]

SILVER 1 OZ 999 NY (XAG=X) Found Support

SILVER 1 OZ 999 NY (XAG=X) Found Support

SILVER 1 OZ 999 NY (XAG=X) Found Support December silver futures bears have the solid overall near-term technical advantage. There are no early clues to suggest a market bottom is close at hand. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $15.07 an ounce. The next downside price […]

Japanese Yen: USD/JPY (JPY=X) watching politics

Japanese Yen: USD/JPY (JPY=X) watching politics

Japanese Yen: USD/JPY (JPY=X) watching politics The on-going Bank of Japan (BoJ) meeting finds the conclusion due 19 September with markets widely expecting the BoJ to hold steady, an assumption likely to remain status quo for a long time to come. The true focus for the week, however, would be with trade tensions instead amid […]

Shanghai: SSE Composite Index (.SSEC) Holding Key Support

Shanghai: SSE Composite Index (.SSEC) Holding Key Support

Shanghai: SSE Composite Index (.SSEC) Holding Key Support The Shanghai Composite is a capitalization-weighted index like our own S&P 500 Index. This index tracks the daily price performance of all A- and B-shares listed on the Shanghai Stock Exchange. The index was developed back on Dec. 19, 1990, with a base value of 100. The […]

Hong Kong: HANG SENG INDEX (.HSI) Trade Fears Fade

Hong Kong: HANG SENG INDEX (.HSI) Trade Fears Fade

Hong Kong: HANG SENG INDEX (.HSI) Trade Fears Fade Hong Kong and mainland China markets bounced back from earlier losses to finish higher on Tuesday after the US unveiled a new round of tariffs on US$200 billion worth of imported Chinese goods.. The Hang Seng Index rebounded and is establishing a near-term support at about […]

Australia: S&P/ASX 200 (.AXJO) Set for Modest Rebound

Australia: S&P/ASX 200 (.AXJO) Set for Modest Rebound

Australia: S&P/ASX 200 (.AXJO) Set for Modest Rebound Australian shares are poised to rally, following Wall Street, as trade tensions between the US and China escalated less than feared.  The Australian dollar leapt 0.5 per cent higher to retop US72¢. Shares in New York were sharply higher, though they pared gains into the close, as investors […]

British Pound: USD/GBP (GBP=X) sails higher

British Pound: USD/GBP (GBP=X) sails higher

British Pound: USD/GBP (GBP=X) sails higher Gains continue for GBP/USD, with the price heading on towards $1.32. The bullish view remains in place until we see a drop back below $1.2950. Further upside targets lie at $1.3204, and then $1.3358. Overall, the bias in prices is: Sideways. The projected upper bound is: 1.33. The projected lower […]

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 […]

Singapore: STI Index (.STI) edges down

Singapore: STI Index (.STI) edges down

Singapore: STI Index (.STI) edges down US President Donald Trump raised a ruckus by thumping China with another round of tariffs, but most Asian markets merely yawned by the closing bell yesterday. Singapore stocks edged down slightly, with the Straits Times Index (STI) retreating 2.06 points, or 0.07 per cent, to 3,139.34. The benchmark index, […]

Euro: USD/EUR (EUR=X) stuck below $1.17

Euro: USD/EUR (EUR=X) stuck below $1.17

Euro: USD/EUR (EUR=X) stuck below $1.17 We have seen EUR/USD gain steadily over the past few days, but a move above $1.17 still eludes it. Above here, the $1.18 area and $1.1852 zones are areas of resistance. A move back below $1.16 hands the initiative to the sellers, although $1.1550 still remains a significant area of support. […]

GOLD 1 OZ (XAU=X) Market Bottom is in Place

GOLD 1 OZ (XAU=X) Market Bottom is in Place

GOLD 1 OZ (XAU=X) Market Bottom is in Place December gold futures bears still have the overall near-term technical advantage. However, prices have been trading sideways for three two weeks, which suggests a market bottom is in place. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance […]

US Researchers Turn to Canada for Quality Cannabis Extracts

US Researchers Turn to Canada for Quality Cannabis Extracts

US Researchers Turn to Canada for Quality Cannabis Extracts $TLRY, $GWPH The US government has approved the importation of marijuana extracts from Canada for a clinical trial, highlighting a new path for American researchers who have trouble obtaining the drug for medical studies. The University of California San Diego’s Center for Medicinal Cannabis Research announced […]

The Street’s Key Stock Analysts Research Reports

The Street’s Key Stock Analysts Research Reports

The Street’s Key Stock Analysts Research Reports $ADS, $AXP, $ANTM, $ARMK, $BBBY, $CI, $COST, $PLAY, $FII,$MU, $LUV Daily HeffX-LTN reviews dozens of  the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of the Street’s Key analysts outlook for main issues for […]

Facebook, Inc. (NASDAQ:FB) has a weakening price momentum

Facebook, Inc. (NASDAQ:FB) has a weakening price momentum

Facebook, Inc. (NASDAQ:FB) has a weakening price momentum Facebook closed down 1.07 per cent, another poor performance for a stock that has seen its share of troubles this year. First came the Cambridge Analytica data scandal which only served to heighten concerns from governments worldwide over the social and political influence available through social media […]

Alibaba Group Holding Limited (NYSE:BABA) Better Investing Option Than Amazon?

Alibaba Group Holding Limited (NYSE:BABA) Better Investing Option Than Amazon?

Alibaba Group Holding Limited (NYSE:BABA) Better Investing Option Than Amazon? Alibaba is expected to see 46 percent increase for the full year, versus Amazon’s 32 percent gains. The Chinese E-commerce titan is also cheaper than its American rival, with 25 times multiple earnings against Amazon’s 85 times multiple. These factors have led several analysts to favorably […]

SunTrust Banks, Inc. (NYSE:STI) Buy on Dips

SunTrust Banks, Inc. (NYSE:STI) Buy on Dips

SunTrust Banks, Inc. (NYSE:STI) Buy on Dips The stock has current RSI value of 30.79. Wilder believed that when prices rose very rapidly and therefore momentum was high enough, that the underlying financial instrument/commodity would have to eventually be considered overbought and a selling opportunity was possibly at hand. Likewise, when prices dropped rapidly and […]

United States Oil (USO) lower as trade tensions heightened between the US and China

United States Oil (USO) lower as trade tensions heightened between the US and China

United States Oil (USO) lower as trade tensions heightened between the US and China Crude oil futures were lower in mid-morning trade in Asia Tuesday as trade tensions heightened between the US and China, shrugging off analyst expectations of a further draw in US crude stocks. The heightened tension over US-China tariffs saw the market […]

Amazon.com, Inc. (NASDAQ:AMZN) Citi Research Suggests Amazon To Split In Two Companies

Amazon.com, Inc. (NASDAQ:AMZN) Citi Research Suggests Amazon To Split In Two Companies

Amazon.com, Inc. (NASDAQ:AMZN) Citi Research Suggests Amazon To Split In Two Companies Amazon.com ( AMZN ) should split into two companies to avoid antitrust scrutiny from Trump administration, reports Citi Research. “There has been greater noise of late regarding the desire to investigate and potentially regulate the company,” analyst Mark May says. “By separating the […]

Apple Inc. (NASDAQ:AAPL) iPhone preorders appear stable or down from last year

Apple Inc. (NASDAQ:AAPL) iPhone preorders appear stable or down from last year

Apple Inc. (NASDAQ:AAPL) iPhone preorders appear stable or down from last year A few days after the iPhone XS and iPhone XS Max became available for preorder, financial analysts reported Monday that sales looked stable to slightly weaker against the iPhone X preorder numbers from a year ago. In general, he expects that Apple Inc. […]

Twitter, Inc. (NYSE:TWTR) Target $21

Twitter, Inc. (NYSE:TWTR) Target $21

Twitter, Inc. (NYSE:TWTR) Target $21 Twitter’s ability to keep costs low despite fierce competition and heightened regulatory scrutiny will not last. For the first two quarters of 2018, Twitter has reported operating expense growth at an impressive 0 percent and 3 percent, respectively. But a quick glance at the company’s recent filings at the Securities and […]

Tesla, Inc. (NASDAQ:TSLA) Saudi wealth fund invests $1 billion in competitor

Tesla, Inc. (NASDAQ:TSLA) Saudi wealth fund invests $1 billion in competitor

Tesla, Inc. (NASDAQ:TSLA) Saudi wealth fund invests $1 billion in competitor Tesla stock dipped as much as 2 percent Monday morning on news the Saudi Arabia’s sovereign wealth fund has invested $1 billion in rival Lucid Motors. By market close, Tesla had regained its footing, ending trading essentially flat. The investment will fund Lucid Motor’s […]

NASDAQ Composite (.IXIC) Technology Stocks take a hit

NASDAQ Composite (.IXIC) Technology Stocks take a hit

NASDAQ Composite (.IXIC) Technology Stocks take a hit Monday’s session closes with the NASDAQ Composite Index at 7,895.79. The total shares traded for the NASDAQ was over 2.23 billion. Declining stocks led advancers by 2.06 to 1 ratio. There were 1005 advancers and 2075 decliners for the day. On the NASDAQ Stock Exchange 23 stocks […]

Crude Oil Prices Soften on Renewed Trade Concerns

Crude Oil Prices Soften on Renewed Trade Concerns

Crude Oil Prices Soften on Renewed Trade Concerns $USO, $OIL NYMEX WTI Crude Oil prices settled modestly lower Monday, as gains on expectations for steep losses of Iranian Crude Oil were offset by fears that rising US-China tensions could soften global demand. On the New York Merc, Crude Oil futures for November delivery fell 19c to […]

Let’s Consider Silver’s Very Low Numbers

Let’s Consider Silver’s Very Low Numbers

Let’s Consider Silver’s Very Low Numbers $SLV, $GLD The Devils Metal will bounce right back up in symmetrical proportionally when the short covering begins to happen. Let’s consider silver’s numbers. The 52-wk low in specs’ silver-futures shorts was 41.5-K contracts in mid-September 2017.  Getting back there would require an astounding 78.6-K contracts of short-covering buying.  […]

Cryptocurrencies are Becoming More Stable

Cryptocurrencies are Becoming More Stable

Cryptocurrencies are Becoming More Stable $BTC, $ETH Let’s examines Key factors in the growth of the cryptocurrency industry, and what regulators are doing to mitigate the risks It is an encouraging sign that the cryptocurrency community and regulators have been quick to evolve and respond to risks that have been identified in the market. For […]

Saudi Wealth Fund to Invest $1-B in Tesla’s Rival Lucid

Saudi Wealth Fund to Invest $1-B in Tesla’s Rival Lucid

Saudi Wealth Fund to Invest $1-B in Tesla’s Rival Lucid $TSLA Saudi Arabia’s PIF (sovereign wealth fund) signed an agreement to invest more than $1-B in aspiring US electric-car maker Lucid Motors Inc., a private company, months after building a stake in rival Tesla (NASDAQ:TSLA). The deal would give Lucid the funding to take it […]

 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 […]

Emerging Market Rout Approaching Bottom

Emerging Market Rout Approaching Bottom

Emerging Market Rout Approaching Bottom $USD, $AUD, $NZD Franklin Templeton Investments says the rout in emerging markets may be nearing a bottom, but says that there are still countries like the Philippines that will suffer. Given the uncertainty, the money manager is keeping a net neutral USD position, while making trades including shorting the Philippine […]

Hong Kong: HANG SENG INDEX (.HSI) fall on fears over US-China tariffs standoff

Hong Kong: HANG SENG INDEX (.HSI) fall on fears over US-China tariffs standoff

Hong Kong: HANG SENG INDEX (.HSI) fall on fears over US-China tariffs standoff Asian shares were mostly lower Monday on reports that President Donald Trump will soon place tariffs on $200 billion more of Chinese goods, even as officials worked to iron out tensions between the world’s two largest economies. On Saturday, The Wall Street […]

Singapore: STI Index (.STI) Set to Open Higher

Singapore: STI Index (.STI) Set to Open Higher

Singapore: STI Index (.STI) Set to Open Higher China’s main Shanghai Composite index fell to its lowest close in nearly four years on Monday as reports said U.S. President Donald Trump would unveil new tariffs on $200 billion of imported Chinese goods this week. The Shanghai Composite index dropped 1.1 per cent to 2,651.79 points, […]

SILVER 1 OZ 999 NY (XAG=X) Seeing Some Support

SILVER 1 OZ 999 NY (XAG=X) Seeing Some Support

SILVER 1 OZ 999 NY (XAG=X) Seeing Some Support December silver futures bears have the solid overall near-term technical advantage. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $15.00 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at $13.50. […]

Euro: USD/EUR (EUR=X) attempting to establish direction around key resistance

Euro: USD/EUR (EUR=X) attempting to establish direction around key resistance

Euro: USD/EUR (EUR=X) attempting to establish direction around key resistance EUR/USD sold off sharply from the $1.1720 region on Friday, with the pair shifting away from a crucial area of resistance. The ability to break through the $1.1746-$1.1790 resistance zone is key in determining whether we are set for a bullish breakout or not. With the […]

Shanghai: SSE Composite Index (.SSEC) Trade tensions with the US are exacerbating investor concern

Shanghai: SSE Composite Index (.SSEC) Trade tensions with the US are exacerbating investor concern

Shanghai: SSE Composite Index (.SSEC) Trade tensions with the US are exacerbating investor concern China’s sinking stock market reached an unwelcome milestone, with the Shanghai Composite Index closing at the lowest level since 2014, erasing the last traces of its recovery from a boom that turned into a $5 trillion bust. The Shanghai gauge dropped […]

Australian Dollar: USD/AUD (AUD=X) re-testing recent lows

Australian Dollar: USD/AUD (AUD=X) re-testing recent lows

Australian Dollar: USD/AUD (AUD=X) re-testing recent lows Rising US bond yields looks likely to underpin US Dollar strength in the medium to long term. The greenback fell over the course of last week’s trade, primarily due to rallies in the Pound and Euro on the back of easing Brexit fears, along with upbeat assessments from […]

GOLD 1 OZ (XAU=X) Possible Market Bottom is in Place

GOLD 1 OZ (XAU=X) Possible Market Bottom is in Place

GOLD 1 OZ (XAU=X) Possible Market Bottom is in Place Technically, gold bears still have the overall near-term technical advantage. However, recent sideways price action favors the bulls and suggests a market bottom is in place. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures above solid resistance […]

British Pound: USD/GBP (GBP=X) continues to push upwards

British Pound: USD/GBP (GBP=X) continues to push upwards

British Pound: USD/GBP (GBP=X) continues to push upwards GBP/USD has also retraced, with the pair moving back into trendline support. The recent uptrend points towards another potential shift higher from here, with a break below $1.2979 required to negate this recent rally. The price is trading within a bearish rising wedge formation, yet it’s worthwhile noting […]

Ferrari’s (NYSE:RACE) ‘Icona’ Project Focused Boosting Profit Margins

Ferrari’s (NYSE:RACE) ‘Icona’ Project Focused Boosting Profit Margins

Ferrari’s (NYSE:RACE) ‘Icona’ Project Focused Boosting Profit Margins $RACE Ferrari (NYSE:RACE) is set to unveil a Special Edition Supercar that will form an integral part of CEO Louis Camilleri’s highly-anticipated 5-year strategy plan. The “Icona” project, hinted to customers last month in an invitation, will broaden Ferrari’s offering of Limited Edition Super and HyperSuper cars, a […]

President Trump Imposed Tariffs on Chinese Goods

President Trump Imposed Tariffs on Chinese Goods

President Trump Imposed Tariffs on Chinese Goods $AAPL, $FIT Monday after the stock market closed, USPresident Trump President Donald Trump said he will impose 10% tariffs on about $200-B worth of Chinese imports, but he spared smart watches from Apple (NASDAQ:AAPL) and Fitbit Inc (NYSE:FIT) and other consumer products such as bicycle helmets and baby car […]

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