Tesla, Inc. (NASDAQ:TSLA) could be weeks away from paying out $920 million in cash to bondholders

Tesla, Inc. (NASDAQ:TSLA) could be weeks away from paying out $920 million in cash to bondholders

Tesla, Inc. (NASDAQ:TSLA) could be weeks away from paying out $920 million in cash to bondholders Tesla could be weeks away from paying out $920 million in cash to bondholders, potentially wiping out much of the company’s war chest, CNBC reports. With time running out, Tesla hopes to increase its stock price to $359.87 per share […]

Alphabet Inc. (NASDAQ:GOOG) claimed it created an AI agent that could “correctly distinguish a slide with metastatic cancer from a slide without cancer 99% of the time

Alphabet Inc. (NASDAQ:GOOG) claimed it created an AI agent that could  “correctly distinguish a slide with metastatic cancer from a slide without cancer 99% of the time

Alphabet Inc. (NASDAQ:GOOG) claimed it created an AI agent that could “correctly distinguish a slide with metastatic cancer from a slide without cancer 99% of the time Major breakthroughs are now possible with less data than ever thanks to artificial intelligence, Alphabet Chief Financial Officer Ruth Porat said during a panel at the World Economic Forum in […]

Dow Jones Industrial Average (.DJI) five higher-priced components are accounting for nearly half of the decline

Dow Jones Industrial Average (.DJI) five higher-priced components are accounting for nearly half of the decline

Dow Jones Industrial Average (.DJI) five higher-priced components are accounting for nearly half of the decline Of the Dow Jones Industrial Average’s DJIA, -1.22%412-point plunge Tuesday, five higher-priced components are accounting for nearly half of the decline. The biggest drag on the Dow’s price is Boeing Co. BA, -1.87% as the stock fell $8.75, or 2.4%, to shave about 59 points […]

United States Oil (USO) from shale basins to rise to 8.179 mln bpd in Feb

United States Oil (USO) from shale basins to rise to 8.179 mln bpd in Feb

United States Oil (USO) from shale basins to rise to 8.179 mln bpd in Feb U.S. oil output from seven major shale formations is expected to rise by 63,000 barrels per day (bpd) in February to 8.179 million bpd, the U.S. Energy Information Administration said in a monthly report on Tuesday. The largest change is […]

Australia: S&P/ASX 200 (.AXJO) futures pointing lower

Australia: S&P/ASX 200 (.AXJO) futures pointing lower

Australia: S&P/ASX 200 (.AXJO) futures pointing lower The Australian share market looks likely to extend its decline on Wednesday. According to the latest SPI futures, the ASX 200 is poised to open the day 0.4% or 23 points lower this morning. This follows a disappointing night of trade on Wall Street which late in the […]

Gold 1 OZ (XAU=X) Risk Appetite Recedes

Gold 1 OZ (XAU=X) Risk Appetite Recedes

Gold 1 OZ (XAU=X) Risk Appetite Recedes There are renewed worries about slowing global economic growth, as the International Monetary Fund released a report Monday that projected collective world economic growth at 3.5% in 2019, which is down from their last forecast in October for 3.7% growth. The IMF also warned about higher risks for […]

Euro: USD/EUR (EUR=X) back to channel support

Euro: USD/EUR (EUR=X) back to channel support

Euro: USD/EUR (EUR=X) back to channel support EUR/USD’s fall has continued, but it is now nearing the bottom-end of the rising channel. If a bounce from around these levels takes place, a higher low in the uptrend from November lows has been created. This might suggest a move back towards the top-end of the channel, […]

Hong Kong: HANG SENG INDEX (.HSI) concerns about the global economic outlook

Hong Kong: HANG SENG INDEX (.HSI) concerns about the global economic outlook

Hong Kong: HANG SENG INDEX (.HSI) concerns about the global economic outlook Stocks in Asia declined on Tuesday as investor sentiment dipped on concerns about the global outlook, after the International Monetary Fund (IMF)slashed its world economic growth forecast on Monday. In the Greater China region, the Shanghai composite declined about 1.18 percent to close at around 2,579.70 and […]

Dip in Japanese Yen: USD/JPY (JPY=X) uptrend provides bulls with an opening

Dip in Japanese Yen: USD/JPY (JPY=X) uptrend provides bulls with an opening

Dip in Japanese Yen: USD/JPY (JPY=X) uptrend provides bulls with an opening As with equities, USD/JPY’s bounce has stalled over the past couple of sessions, but the uptrend is still in place. The pullback from Friday highs has been met with buying so far this morning, with the price finding support around ¥109.35. If a higher […]

Singapore: STI Index (.STI) shares decline on concerns China slowdown

Singapore: STI Index (.STI) shares decline on concerns China slowdown

Singapore: STI Index (.STI) shares decline on concerns China slowdown Asian markets were mostly lower on Tuesday after the International Monetary Fund trimmed its global outlook for 2019 and 2020. The downgrade came after China said its economy grew at the slowest pace in 30 years in the last quarter of 2018. Wall Street was […]

British Pound: USD/GBP (GBP=X) recovers from recent weakness

British Pound: USD/GBP (GBP=X) recovers from recent weakness

British Pound: USD/GBP (GBP=X) recovers from recent weakness GBP/USD’s overall upward trend from the lows of December continues, although it received a sharp check on Friday. However, the price continues to hold the 200-hour simple moving average (SMA) of $1.285, having bounced back above it yesterday. This dip may see fresh buying, targeting $1.30 in […]

Silver 1 OZ 999 NY (XAG=X) dropped to three-week lows overnight as the bulls are fading

Silver 1 OZ 999 NY (XAG=X) dropped to three-week lows overnight as the bulls are fading

Silver 1 OZ 999 NY (XAG=X) dropped to three-week lows overnight as the bulls are fading Gold prices are trading near steady, while silver is slightly lower in early U.S. trading Tuesday. Both metals dropped to three-week lows overnight as the bulls are fading. There is some keener risk aversion in the marketplace today, which will […]

Australian Dollar: USD/AUD (AUD=X) Weak Global Economic Forecasts Weighing on Aussie

Australian Dollar: USD/AUD (AUD=X) Weak Global Economic Forecasts Weighing on Aussie

Australian Dollar: USD/AUD (AUD=X) Weak Global Economic Forecasts Weighing on Aussie The Australian and New Zealand Dollars are trading lower on Tuesday in reaction to concerns over data showing China’s economy slowed sharply in 2018 and weakening global growth. The lack of fresh developments over U.S.-China trade relations could also be weighing on the Aussie […]

Fossil stock will sell smartwatch IP to Alphabet Inc. (NASDAQ:GOOG)

Fossil stock will sell smartwatch IP to Alphabet Inc. (NASDAQ:GOOG)

Fossil stock will sell smartwatch IP to Alphabet Inc. (NASDAQ:GOOG) Shares of Fossil Group Inc. FOSL, +0.00% are up nearly 5% in afternoon trading Thursday after the company announced that it would be selling intellectual property related to in-development smartwatch technology to Alphabet Inc.’sGOOGL, +0.74% GOOG, +0.77% Google for $40 million. The shares were up as much as 10.9% earlier in […]

United States Oil (USO) U.S. Drilling Slows Down

United States Oil (USO) U.S. Drilling Slows Down

United States Oil (USO) U.S. Drilling Slows Down Oil prices were up early on Monday, steadying at a two-month high last seen in mid-November, as the plunging U.S. rig count last week signaled a slowdown in shale drilling amid the lower price of oil.   At 10:34 EST on Monday, WTI Crude was up 0.44 percent at […]

Bitcoin: USD/BTC (BTC=X) Continued Risk of Weakness

Bitcoin: USD/BTC (BTC=X) Continued Risk of Weakness

Bitcoin: USD/BTC (BTC=X) Continued Risk of Weakness Yesterday, there was a significant downward move below the $3,650 support level in bitcoin price against the US Dollar. The BTC/USD pair even traded below the $3,560 support level and the 100 hourly simple moving average. It spiked below the $3,500 support and a low was formed near the $3,465 […]

NASDAQ Composite (.IXIC) developments helped investors ignore concerns about the month long partial shutdown of the U.S. government

NASDAQ Composite (.IXIC) developments helped investors ignore concerns about the month long partial shutdown of the U.S. government

NASDAQ Composite (.IXIC) developments helped investors ignore concerns about the month long partial shutdown of the U.S. government The bull-run of the U.S. stocks continued for the fourth straight day on Friday following positive news on the trade war front. These developments helped investors ignore concerns about the month long partial shutdown of the U.S. […]

Dow Jones Industrial Average (.DJI) Fall Solidly After Long Weekend

Dow Jones Industrial Average (.DJI) Fall Solidly After Long Weekend

Dow Jones Industrial Average (.DJI) Fall Solidly After Long Weekend Dow Jones futures fell solidly Monday night, along with S&P 500 futures and Nasdaq futures, after U.S. stock markets were closed in observance of the Martin Luther King holiday. The stock market rally powered higher last week, with the Dow Jones, S&P 500 index and Nasdaq composite […]

A slowdown in Alibaba Group Holding Limited (NYSE:BABA) earnings and revenue is coming

A slowdown in Alibaba Group Holding Limited (NYSE:BABA) earnings and revenue is coming

A slowdown in Alibaba Group Holding Limited (NYSE:BABA) earnings and revenue is coming The fiscal third quarter is an important one for Alibaba because it includes its annual Singles Day sales extravaganza, which takes place on Nov. 11. It’s the largest single day of sales for the company, and revenues have grown significantly every year. […]

Tesla, Inc. (NASDAQ:TSLA) overseas expansion is critical

Tesla, Inc. (NASDAQ:TSLA) overseas expansion is critical

Tesla, Inc. (NASDAQ:TSLA) overseas expansion is critical After an initial period of challenges and delays for Model 3 production that Tesla(NASDAQ:TSLA) CEO Elon Musk referred to as “production hell,” Model 3 manufacturing saw significant improvements in the second half of last year. Deliveries of the vehicle in the third and fourth quarter of last year were 55,840 and […]

Why Facebook, Inc (NASDAQ:FB) should pay dividends

Why Facebook, Inc (NASDAQ:FB) should pay dividends

Why Facebook, Inc (NASDAQ:FB) should pay dividends Tech companies have historically been slow to start paying dividends, and with Facebook having gone public in 2012, a seven-year history without dividends is far from unusual. It usually takes a long time for newly public companies to gain traction in their respective businesses, and in the technology […]

Twitter, Inc. (NYSE:TWTR) Heffx Technical Analysis

Twitter, Inc. (NYSE:TWTR) Heffx Technical Analysis

Twitter, Inc. (NYSE:TWTR) Heffx Technical Analysis Overall, the bias in prices is: Upwards. The projected upper bound is: 36.68. The projected lower bound is: 29.83. The projected closing price is: 33.26. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 8 white candles and […]

Singapore: STI Index (.STI) shares open higher

Singapore: STI Index (.STI) shares open higher

Singapore: STI Index (.STI) shares open higher Singapore stocks opened higher on Monday (Jan 21), with the Straits Times Index advancing 9.17 points, or 0.3 per cent to 3,233.51 as at 9.01am. Gainers outnumbered losers 75 to 20, after about 73.5 million shares worth $44.1 million changed hands. The most actively traded counter was JCG […]

British Pound: USD/GBP (GBP=X) continues to decline from 76.4% resistance

British Pound: USD/GBP (GBP=X) continues to decline from 76.4% resistance

British Pound: USD/GBP (GBP=X) continues to decline from 76.4% resistance GBP/USD has been weakening consistently since hitting the 76.4% resistance level of $1.30. Whether this is simply another short-term retracement or the beginning of a wider bearish shift for the pair remains to be seen. However, with a minimal rebound this morning being sold into straight […]

Australia: S&P/ASX 200 (.AXJO) poised to edge lower after the IMF once again pared its global growth forecast

Australia: S&P/ASX 200 (.AXJO) poised to edge lower after the IMF once again pared its global growth forecast

Australia: S&P/ASX 200 (.AXJO) poised to edge lower after the IMF once again pared its global growth forecast Australian shares are poised to edge lower after the IMF once again pared its global growth forecast. ASX futures were down 1 point near 5.45am AEDT. European shares were mostly lower. Wall Street was closed for a holiday. […]

Silver 1 OZ 999 NY (XAG=X) $15 level of course will offer support

Silver 1 OZ 999 NY (XAG=X) $15 level of course will offer support

Silver 1 OZ 999 NY (XAG=X) $15 level of course will offer support Silver markets pulled back during thin trading on Monday as traders came back from the weekend. With the holiday schedule, and of course volume would have been late, so I don’t read too much into the pullback other than the 61.8% Fibonacci retracement […]

Euro: USD/EUR (EUR=X) falls into Fibonacci support

Euro: USD/EUR (EUR=X) falls into Fibonacci support

Euro: USD/EUR (EUR=X) falls into Fibonacci support EUR/USD has dropped into the 76.4% retracement amid a sell-off that has brought us back into a crucial area of support. The wider trend highlights the creation of higher highs and higher lows, thus pointing towards a possible bullish reversal in the near future. With an ascending trendline further […]

UK FTSE 100 (.FTSE) rallies back into Fibonacci resistance

UK FTSE 100 (.FTSE) rallies back into Fibonacci resistance

UK FTSE 100 (.FTSE) rallies back into Fibonacci resistance The FTSE 100 has rallied back into the 7000-mark once more, with the 76.4% Fibonacci retracement coming into play again. The wider downtrend would require a break through 7146 to negate, and until then there is a chance we could turn lower once more. Given we are currently […]

Japanese Yen: USD/JPY (JPY=X) investors eye BoJ statement

Japanese Yen: USD/JPY (JPY=X) investors eye BoJ statement

Japanese Yen: USD/JPY (JPY=X) investors eye BoJ statement USD/JPY is quiet at the start of the week. In Monday’s North American session, the pair is trading at 109.67, down 0.09% on the day. In economic news, U.S banks are closed for a holiday. With no U.S or Japanese events on the schedule, traders can expect […]

Shanghai: SSE Composite Index (.SSEC) investors shrugged off the country’s slowest rate of annual economic growth in 28 years

Shanghai: SSE Composite Index (.SSEC) investors shrugged off the country’s slowest rate of annual economic growth in 28 years

Shanghai: SSE Composite Index (.SSEC) investors shrugged off the country’s slowest rate of annual economic growth in 28 years China shares ended higher on Monday as investors shrugged off the country’s slowest rate of annual economic growth in 28 years amid expectations that authorities will pursue more stimulus to support growth.  At the close, the […]

Australian Dollar: USD/AUD (AUD=X) at risk of another break lower

Australian Dollar: USD/AUD (AUD=X) at risk of another break lower

Australian Dollar: USD/AUD (AUD=X) at risk of another break lower AUD/USD has been on the rise throughout the beginning of 2019, although the past week has seen the pair drift lower in what could be a topping pattern. The wider trend in AUD/USD is bearish, and thus until we break through the $7393 level, there is […]

Canadian Dollar: USD/CAD (CAD=X) Canada to release Manufacturing Sales for November

Canadian Dollar: USD/CAD (CAD=X) Canada to release Manufacturing Sales for November

Canadian Dollar: USD/CAD (CAD=X) Canada to release Manufacturing Sales for November USD/CAD has posted small gains in the Monday session. Currently, the pair is trading at 1.3298, up 0.23% on the day. There are no U.S. or Canadian events on the schedule, so traders can expect limited movement from the pair during the day. On […]

Hong Kong: HANG SENG INDEX (.HSI) investors shrugged off data showing the Chinese economy slowed

Hong Kong: HANG SENG INDEX (.HSI) investors shrugged off data showing the Chinese economy slowed

Hong Kong: HANG SENG INDEX (.HSI) investors shrugged off data showing the Chinese economy slowed Hong Kong’s main Hang Seng index crept higher on Monday as investors shrugged off data showing the Chinese economy slowed within market expectations in the fourth quarter of 2018, amid expectations that Beijing would roll out more stimulus to boost […]

Dow Jones Industrial Average (.DJI) posting a fourth straight week of gains

Dow Jones Industrial Average (.DJI) posting a fourth straight week of gains

Dow Jones Industrial Average (.DJI) posting a fourth straight week of gains World stock indexes have jumped, with Wall Street posting a fourth straight week of gains, and the US dollar reaching its first positive week since mid-December as optimism increased that an end is in sight to the US-China trade conflict. Stocks were boosted […]

Bitcoin: USD/BTC (BTC=X) failed to maintain its recently established position in the $3,700 region

Bitcoin: USD/BTC (BTC=X) failed to maintain its recently established position in the $3,700 region

Bitcoin: USD/BTC (BTC=X) failed to maintain its recently established position in the $3,700 region Yesterday, Bitcoin surged to highs of over $3,750, which appeared to many analysts to be an important price level that would lead to a further surge into the low-$4,000 range. Despite this, BTC’s bulls were not able to muster up enough buying pressure […]

Twitter, Inc. (NYSE:TWTR) Outpaces Stock Market Gains

Twitter, Inc. (NYSE:TWTR) Outpaces Stock Market Gains

Twitter, Inc. (NYSE:TWTR) Outpaces Stock Market Gains Twitter closed at $32.95 in the latest trading session, marking a +1.79% move from the prior day. The stock outpaced the S&P 500’s daily gain of 1.07%. At the same time, the Dow added 0.65%, and the tech-heavy Nasdaq gained 1.71%. Prior to today’s trading, shares of the […]

Tesla, Inc. (NASDAQ:TSLA) has a billion dollar debt coming due

Tesla, Inc. (NASDAQ:TSLA) has a billion dollar debt coming due

Tesla, Inc. (NASDAQ:TSLA) has a billion dollar debt coming due Tesla has a billion dollar debt coming due, and it could wipe out nearly a third of the company’s cash if the stock price doesn’t improve. About $920 million in convertible senior notes expires on March 1 at a conversion price of $359.87 per share. […]

Alibaba Group Holding Limited (NYSE:BABA) up by at least 8 percent to begin 2019

Alibaba Group Holding Limited (NYSE:BABA) up by at least 8 percent to begin 2019

Alibaba Group Holding Limited (NYSE:BABA) up by at least 8 percent to begin 2019 Even with the U.S.-China trade war still raging, Chinese stocks are on fire. Increasing trade tensions between the U.S. and China through the back-half of 2018 took a sledgehammer to Chinese shares. Baidu ended the year with a 32 percent loss, […]

Facebook, Inc. (NASDAQ:FB) “Ideal” Time to Buy

Facebook, Inc. (NASDAQ:FB) “Ideal” Time to Buy

Facebook, Inc. (NASDAQ:FB) “Ideal” Time to Buy When reading about Facebook stock, we’re mostly surrounded with negative hyperbole. That’s quite understandable considering the circumstances. But from a contrarian perspective, this setting represents the ideal time to pick up shares. I’d approach this situation by asking the opposite question: would you sell FB stock at this […]

Alphabet Inc. (NASDAQ:GOOG) deal cuts the price of the Pixel 3 and Pixel 3 XL by $150 each

Alphabet Inc. (NASDAQ:GOOG) deal cuts the price of the Pixel 3 and Pixel 3 XL by $150 each

Alphabet Inc. (NASDAQ:GOOG) deal cuts the price of the Pixel 3 and Pixel 3 XL by $150 each If you’ve been waiting for Google to offer a new deal on the Pixel 3 and Pixel 3 XL, your patience has been rewarded. According to Android Police, both handsets have been reduced in price by $150 at the Google Store. […]

United States Oil (USO) prices are being supported by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC)

United States Oil (USO) prices are being supported by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC)

United States Oil (USO) prices are being supported by supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC) Oil prices rose to their highest for 2019 on Monday after data showed refinery processing in China, the world’s second-largest oil consumer, climbed to a record in 2018, despite a slowing economy last year. […]

Silver 1 OZ 999 NY (XAG=X) Sell Off Amid Keener Risk Appetite

Silver 1 OZ 999 NY (XAG=X) Sell Off Amid Keener Risk Appetite

Silver 1 OZ 999 NY (XAG=X) Sell Off Amid Keener Risk Appetite Gold and silver prices are lower and headed toward technically bearish weekly low closes in early U.S. trading Friday. Trader and investors are exhibiting very little risk aversion in the marketplace to end the trading week, and that’s negative for the safe-haven metals. February gold futures were last […]

Australia: S&P/ASX 200 (.AXJO) set to open higher on hopes that the US and China are moving to resolve their trade dispute

Australia: S&P/ASX 200 (.AXJO) set to open higher on hopes that the US and China are moving to resolve their trade dispute

Australia: S&P/ASX 200 (.AXJO) set to open higher on hopes that the US and China are moving to resolve their trade dispute Australian shares are set to open higher on hopes that the US and China are moving to resolve their trade dispute. ASX futures were up 43 points. US markets will be closed Monday […]

Hong Kong: HANG SENG INDEX (.HSI) bets of US/China trade progress

Hong Kong: HANG SENG INDEX (.HSI) bets of US/China trade progress

Hong Kong: HANG SENG INDEX (.HSI) bets of US/China trade progress Australian shares are set to open higher on hopes that the US and China are moving to resolve their trade dispute. ASX futures were up 43 points. US markets will be closed Monday for a holiday. The Australian dollar slipped 0.4 per cent. Wall […]

Shanghai: SSE Composite Index (.SSEC) hopes that Beijing and Washington could reach a deal to end their tariff war

Shanghai: SSE Composite Index (.SSEC) hopes that Beijing and Washington could reach a deal to end their tariff war

Shanghai: SSE Composite Index (.SSEC) hopes that Beijing and Washington could reach a deal to end their tariff war Chinese stocks rose on Friday, posting their third straight week of gains, buoyed by hopes that Beijing and Washington could reach a deal to end their tariff war. The blue-chip CSI300 index closed up 1.8 percent […]

Australian Dollar: USD/AUD (AUD=X) tone changed from short-term bullish to short-term bearish

Australian Dollar: USD/AUD (AUD=X) tone changed from short-term bullish to short-term bearish

Australian Dollar: USD/AUD (AUD=X) tone changed from short-term bullish to short-term bearish The tone changed from short-term bullish to short-term bearish last week when U.S. Treasury yields started to rise. This helped make the U.S. Dollar a more attractive investment. Yields are being boosted by increased demand for risky assets tied to the optimism over […]

Gold 1 OZ (XAU=X) Under Pressure

Gold 1 OZ (XAU=X) Under Pressure

Gold 1 OZ (XAU=X) Under Pressure The miserable phase of consolidation continues in gold, and this morning there is pressure taking gold back down near the support level of $1,280. This action is no surprise; it’s just part of the pattern. From a trader’s standpoint, we will look at this as a buying opportunity. The range in gold […]

Japanese Yen: USD/JPY (JPY=X) Increased Risk Appetite

Japanese Yen: USD/JPY (JPY=X) Increased Risk Appetite

Japanese Yen: USD/JPY (JPY=X) Increased Risk Appetite The Dollar/Yen rose last week on the back of higher Treasury yields and increased appetite for risky assets. Traders were reacting to optimism over progress in U.S-China trade talks. The catalysts behind the rising Treasury yields were reports that the two economic powerhouses were considering offering concessions to […]

Singapore: STI Index (.STI) Renewed Support Predicted

Singapore: STI Index (.STI) Renewed Support Predicted

Singapore: STI Index (.STI) Renewed Support Predicted The Singapore stock market on Thursday snapped the two-day winning streak in which it had advanced more than 55 points or 1.7 percent. The Strait Times Index now rests just beneath the 3,215-point plateau although it figures to rebound on Friday. The global forecast for the Asian markets […]

British Pound: USD/GBP (GBP=X) could soar against USD

British Pound: USD/GBP (GBP=X) could soar against USD

British Pound: USD/GBP (GBP=X) could soar against USD David Bloom, global head of FX research at HSBC Holdings Plc, said Britain’s biggest bank had “become more upbeat” on their view for Sterling, after months of volatility for the pound off the back of Brexit uncertainty. The pound has remained sensitive to Brexit movement and has […]

Twitter, Inc. (NYSE:TWTR) Stock Worth Watching

Twitter, Inc. (NYSE:TWTR) Stock Worth Watching

Twitter, Inc. (NYSE:TWTR) Stock Worth Watching Overall, the bias in prices is: Upwards. The projected upper bound is: 36.24. The projected lower bound is: 29.40. The projected closing price is: 32.82. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 8 white candles and […]

United States Oil (USO) DOI now reports that domestic crude production could surge to 14 MMbpd by 2020

United States Oil (USO) DOI now reports that domestic crude production could surge to 14 MMbpd by 2020

United States Oil (USO) DOI now reports that domestic crude production could surge to 14 MMbpd by 2020 U.S. crude oil exports have soared due to a combination of: rising domestic crude oil production high but flat domestic demand a law change in December 2015 that allowed sales beyond just neighbor Canada Since the shale […]

Tesla, Inc. (NASDAQ:TSLA) is ending its customer referral program

Tesla, Inc. (NASDAQ:TSLA) is ending its customer referral program

Tesla, Inc. (NASDAQ:TSLA) is ending its customer referral program Tesla’s customer referral program will come to an end on Feb. 1, chief executive Elon Musk said in a tweet Thursday. The initiative lets drivers give their friends a referral code to get six months of free charging via Tesla’s Supercharger network. The premium electric auto manufacturer has made […]

Dow Jones Industrial Average (.DJI) end higher after report says U.S. considering easing China tariffs

Dow Jones Industrial Average (.DJI) end higher after report says U.S. considering easing China tariffs

Dow Jones Industrial Average (.DJI) end higher after report says U.S. considering easing China tariffs Stocks extended their win streak to three days Thursday after The Wall Street Journal reported that the Trump administration was debating whether to ease tariffs on Chinese imports in a bid to calm markets and ease tensions with Beijing. How […]

Apple Inc. (NASDAQ:AAPL) Tim Cook says regulatory action is needed to restore ‘full faith’ in tech

Apple Inc. (NASDAQ:AAPL) Tim Cook says regulatory action is needed to restore ‘full faith’ in tech

Apple Inc. (NASDAQ:AAPL) Tim Cook says regulatory action is needed to restore ‘full faith’ in tech Apple Inc. Chief Executive Tim Cook has extended his crusade against companies that misuse user data, calling in a Thursday op-ed written for Time for “comprehensive federal privacy legislation”: ‘Consumers shouldn’t have to tolerate another year of companies irresponsibly amassing huge […]

NASDAQ Composite (.IXIC) optimism over a resolution to the trade war between the United States and China

NASDAQ Composite (.IXIC) optimism over a resolution to the trade war between the United States and China

NASDAQ Composite (.IXIC) optimism over a resolution to the trade war between the United States and China Global stock indexes rose on Thursday as optimism over a resolution to the trade war between the United States and China lifted sentiment, while sterling strengthened amid hopes of a second referendum on Britain’s membership in the European […]

Facebook, Inc. (NASDAQ:FB) Heffx Trading Outlook

Facebook, Inc. (NASDAQ:FB) Heffx Trading Outlook

Facebook, Inc. (NASDAQ:FB) Heffx Trading Outlook Overall, the bias in prices is: Sideways. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 159.12. The projected lower bound is: 137.40. The projected closing price is: 148.26. Candlesticks A white body occurred (because prices closed higher than they opened). During the […]

Alphabet Inc. (NASDAQ:GOOG) will buy $40 million worth of Fossil Group’s smartwatch tech

Alphabet Inc. (NASDAQ:GOOG) will buy $40 million worth of Fossil Group’s smartwatch tech

Alphabet Inc. (NASDAQ:GOOG) will buy $40 million worth of Fossil Group’s smartwatch tech Fossil is selling $40 million of smartwatch technology to Google, the company announced Thursday. Shares of Fossil jumped about 8 percent on the news. Fossil is one of the primary brands that continues to build smartwatches that run Google’s Wear OS software, which competes […]

Alibaba Group Holding Limited (NYSE:BABA) Stock Worth Watching

Alibaba Group Holding Limited (NYSE:BABA) Stock Worth Watching

Alibaba Group Holding Limited (NYSE:BABA) Stock Worth Watching Overall, the bias in prices is: Sideways. The projected upper bound is: 1,157.54. The projected lower bound is: 1,023.54. The projected closing price is: 1,090.54. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 6 white […]

Bitcoin: USD/BTC (BTC=X) Bulls Could Push Bitcoin to $5,000 if Support Continues to Hold

Bitcoin: USD/BTC (BTC=X) Bulls Could Push Bitcoin to $5,000 if Support Continues to Hold

Bitcoin: USD/BTC (BTC=X) Bulls Could Push Bitcoin to $5,000 if Support Continues to Hold In the long-term, analysts have expressed that Bitcoin is likely caught in a relatively large trading range between $3,000 and $5,000. Within this, BTC’s recent price action signals that it is likely caught in a much tighter trading range between $3,550 […]

Silver 1 OZ 999 NY (XAG=X) awaiting a new fundamental spark to drive market direction

Silver 1 OZ 999 NY (XAG=X) awaiting a new fundamental spark to drive market direction

Silver 1 OZ 999 NY (XAG=X) awaiting a new fundamental spark to drive market direction Gold and silver prices are slightly lower in early U.S. trading Thursday. The metals have been trading sideways in quieter fashion for several sessions, awaiting a new fundamental spark to drive market direction. While this week’s uptick in trader and investor risk appetite […]

Alibaba Group Holding Limited (NYSE:BABA) Stock Worth Watching

Alibaba Group Holding Limited (NYSE:BABA) Stock Worth Watching

Alibaba Group Holding Limited (NYSE:BABA) Stock Worth Watching Overall, the bias in prices is: Upwards. The projected upper bound is: 165.59. The projected lower bound is: 144.24. The projected closing price is: 154.91. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 8 white […]

UK FTSE 100 (.FTSE) traders eagerly anticipate Theresa May’s so called “Plan B” Brexit proposal

UK FTSE 100 (.FTSE) traders eagerly anticipate Theresa May’s so called “Plan B” Brexit proposal

UK FTSE 100 (.FTSE) traders eagerly anticipate Theresa May’s so called “Plan B” Brexit proposal The FTSE 100 struggled for direction on Thursday, while the pound continued to edge higher as currency traders eagerly anticipate Theresa May’s so called “Plan B” Brexit proposal. London’s top flight was off 27.76 points, or 0.4%, at 6,834.92 by […]

Australian Dollar: USD/AUD (AUD=X) finds support

Australian Dollar: USD/AUD (AUD=X) finds support

Australian Dollar: USD/AUD (AUD=X) finds support The Australian dollar initially pulled back a bit during the trading session on Thursday, dipping slightly below the 50 day EMA. However, we bounced slightly, and I think this is indicative of what we are going to see, a slow and gentle grind lower. This isn’t necessarily an indictment on […]

British Pound: USD/GBP (GBP=X) Beware Return of Brexit Risks

British Pound: USD/GBP (GBP=X) Beware Return of Brexit Risks

British Pound: USD/GBP (GBP=X) Beware Return of Brexit Risks GBP/USD has been stuck fast at $1.29 for several days. A failure to break higher raises the risk of a deeper retracement. Near-term support lies at $1.2773 (close to the 50-day SMA at $1.2763 too), while a bigger dip finds support around $1.27. Above $1.29, the price […]

Singapore: STI Index (.STI) strong earnings reports lifted indexes on Wall Street

Singapore: STI Index (.STI) strong earnings reports lifted indexes on Wall Street

Singapore: STI Index (.STI) strong earnings reports lifted indexes on Wall Street Singapore stocks opened higher on Thursday, with the Straits Times Index advancing 3.98 points, or 0.12 per cent to 3,233.09 as at 9.05am. Gainers outnumbered losers 67 to 32, after about 38.1 million shares worth S$80.3 million changed hands. The most actively traded […]

Gold 1 OZ (XAU=X) solid resistance at $1,300.00

Gold 1 OZ (XAU=X) solid resistance at $1,300.00

Gold 1 OZ (XAU=X) solid resistance at $1,300.00 Technically, the gold bulls have the overall near-term technical advantage. Prices are in a two-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in February futures above solid resistance at $1,300.00. Bears’ next near-term downside price breakout objective is […]

Australia: S&P/ASX 200 (.AXJO) trading in positive territory

Australia: S&P/ASX 200 (.AXJO) trading in positive territory

Australia: S&P/ASX 200 (.AXJO) trading in positive territory Australian shares are set to open higher, as Wall Street extended early gains on hopes for trade talks between the US and China. ASX futures were up 25 points near 7am AEDT. The Australian dollar advanced 0.4 per cent. The S&P 500 pushed above its average price […]

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 […]

Apple Inc. (NASDAQ:AAPL) Verizon announced that Beyond Unlimited and Above Unlimited subscribers will get free Apple Music subscriptions

Apple Inc. (NASDAQ:AAPL) Verizon announced that Beyond Unlimited and Above Unlimited subscribers will get free Apple Music subscriptions

Apple Inc. (NASDAQ:AAPL) Verizon announced that Beyond Unlimited and Above Unlimited subscribers will get free Apple Music subscriptions Apple (NASDAQ:AAPL) continues to trail Spotify (NYSE:SPOT) as the streaming music services race to add paid subscribers. However, AAPL just got a big boost, at least in the American market. Verizon (NYSE:VZ) announced that an Apple Music subscription will be included for […]

NASDAQ Composite (.IXIC) Beige Book shows waning optimism in some districts

NASDAQ Composite (.IXIC) Beige Book shows waning optimism in some districts

NASDAQ Composite (.IXIC) Beige Book shows waning optimism in some districts U.S. stocks rose for a second straight session Wednesday as investors cheered mostly positive earnings from financial institutions such as Goldman Sachs Group and Bank of America Corp. even as Wall Street continued to deal with uncertainty from a partial government shutdown. How did […]

Facebook, Inc. (NASDAQ:FB) Heffx Technical Outlook

Facebook, Inc. (NASDAQ:FB) Heffx Technical Outlook

Facebook, Inc. (NASDAQ:FB) Heffx Technical Outlook Overall, the bias in prices is: Sideways. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 158.32. The projected lower bound is: 136.59. The projected closing price is: 147.46. Candlesticks A black body occurred (because prices closed lower than they opened). During the […]

Bitcoin: USD/BTC (BTC=X) At Risk of Sharp Decline

Bitcoin: USD/BTC (BTC=X) At Risk of Sharp Decline

Bitcoin: USD/BTC (BTC=X) At Risk of Sharp Decline Recently, there was a decent support formed near $3,550 in bitcoin price against the US Dollar. The BTC/USD pair started a short term recovery and moved above the $3,600 and $3,620 resistance levels. There was also a break above the 50% Fib retracement level of the last side from […]

Alphabet Inc. (NASDAQ:GOOG) Can the online search giant keep up its strong growth?

Alphabet Inc. (NASDAQ:GOOG) Can the online search giant keep up its strong growth?

Alphabet Inc. (NASDAQ:GOOG) Can the online search giant keep up its strong growth? A handful of major tech stocks will report their latest quarterly results around the end of January and the beginning of February. One of the reports I’ll be watching closely is the one from Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL) — the parent company of Google. The company has seen impressive […]

United States Oil (USO) Saudi Arabia’s energy minister said he was sure inventories will start to “return to normal averages and this will increase confidence”

United States Oil (USO) Saudi Arabia’s energy minister said he was sure inventories will start to “return to normal averages and this will increase confidence”

United States Oil (USO) Saudi Arabia’s energy minister said he was sure inventories will start to “return to normal averages and this will increase confidence” Oil steadied near $52 a barrel in New York amid signs that crude inventories fell again in the U.S., the world’s biggest consumer. Futures slipped 0.3 percent after settling 3.2 […]

Twitter, Inc. (NYSE:TWTR) calls were buzzing during its price increase

Twitter, Inc. (NYSE:TWTR) calls were buzzing during its price increase

Twitter, Inc. (NYSE:TWTR) calls were buzzing during its price increase U.S. stock futures are trading higher in early morning trading following stronger-than-expected bank earnings. Goldman Sachs (NYSE:GS) and Bank of America (NYSE:BAC) both topped analyst estimates. Ahead of the bell, futures on the Dow Jones Industrial Average are up 0.46% and S&P 500 futures are higher by 0.3%. Nasdaq-100futures have added 0.18%. In the […]

Tesla, Inc. (NASDAQ:TSLA) home state of California accounted for almost half of all Model 3 registrations through the first 10 months of 2018

Tesla, Inc. (NASDAQ:TSLA) home state of California accounted for almost half of all Model 3 registrations through the first 10 months of 2018

Tesla, Inc. (NASDAQ:TSLA) home state of California accounted for almost half of all Model 3 registrations through the first 10 months of 2018 Tesla Inc.’s home state of California accounted for almost half of all Model 3 registrations through the first 10 months of 2018, a sign that the electric-car maker is wildly popular in […]

DAX PERFORMANCE-INDEX (.GDAXI) stuck below 10,900

DAX PERFORMANCE-INDEX (.GDAXI) stuck below 10,900

DAX PERFORMANCE-INDEX (.GDAXI) stuck below 10,900 DAX’s gains above 10,900 have proven impossible to sustain over the past few sessions, while intraday sell-offs have found support at 10,800. A break of this range indicates the next direction, with trendline support around 10,700 coming into play. Above 10,900, the index will push on above 11,000 but […]

UK FTSE 100 (.FTSE) slides as pound rises after Brexit deal rejected

UK FTSE 100 (.FTSE) slides as pound rises after Brexit deal rejected

UK FTSE 100 (.FTSE) slides as pound rises after Brexit deal rejected The FTSE 100 slid as much as 45 points to 6850, down 0.65% at 9:40am GMT on Wednesday as a stronger pound took its pulled down the share prices of large UK multinationals in the aftermath of Theresa May’s historic Brexit defeat in parliament on […]

Canadian Dollar: USD/CAD (CAD=X) consolidating after recent rebound

Canadian Dollar: USD/CAD (CAD=X) consolidating after recent rebound

Canadian Dollar: USD/CAD (CAD=X) consolidating after recent rebound USD/CAD is trading within a rising triangle formation, following on from a rebound late last week. The break through the $1.326 swing-high points towards potential upside coming into play. For now, it is worth watching a break of either $1.3226 or $1.3294 as a precursor to the next […]

British Pound: USD/GBP (GBP=X) regaining ground after Brexit volatility

British Pound: USD/GBP (GBP=X) regaining ground after Brexit volatility

British Pound: USD/GBP (GBP=X) regaining ground after Brexit volatility Yesterday’s Brexit vote brought about huge volatility as expected, with severe selling in the lead up to the event subsequently reversing once the votes came in. Despite the uncertainty looming ahead, markets seem somewhat unmoved, with tonight’s vote of no confidence unlikely to succeed. The fact that the GBP/USD broke […]

Euro: USD/EUR (EUR=X) tumbles into potential wider retracement

Euro: USD/EUR (EUR=X) tumbles into potential wider retracement

Euro: USD/EUR (EUR=X) tumbles into potential wider retracement EUR/USD fell below the $1.1422 mark, seemingly paving the way for a wider retracement for the pair. The break through $1.15 last week sparked a rise in the likeliness of an upside surge after this pullback. Despite us currently having broken into a lower low, we saw something […]

Japanese Yen: USD/JPY (JPY=X) still very much in the consolidation phase

Japanese Yen: USD/JPY (JPY=X) still very much in the consolidation phase

Japanese Yen: USD/JPY (JPY=X) still very much in the consolidation phase The US dollar has gone sideways overall against the Japanese yen, showing a bit of resiliency. However, the ¥108 level underneath is massive support, so I think it is going to continue to be able to hold the market up a little bit. However, if […]

Australian Dollar: USD/AUD (AUD=X) Westpac Consumer Sentiment shows deterioration in sentiment

Australian Dollar: USD/AUD (AUD=X) Westpac Consumer Sentiment shows deterioration in sentiment

Australian Dollar: USD/AUD (AUD=X) Westpac Consumer Sentiment shows deterioration in sentiment The Australian Dollar took a steep fall in the Westpac Consumer Sentiment index in its stride Wednesday but selling the Antipodean currency is still a “top ten” investment idea for the 2019 year, according to analysts at DBS Bank who see the Reserve Bank of Australia having to delay any […]

Singapore: STI Index (.STI) Asian markets ease after May’s Brexit vote defeat

Singapore: STI Index (.STI) Asian markets ease after May’s Brexit vote defeat

Singapore: STI Index (.STI) Asian markets ease after May’s Brexit vote defeat Asia markets took a break on Wednesday, as investors assessed and looked for direction after the British Parliament overwhelmingly rejected its Prime Minister (PM) Theresa May’s Brexit deal. Markets also tuckered out from the earlier growth stimulus announcement from China. Britain’s Members of […]

Gold 1 OZ (XAU=X) near-term technical posture for the yellow metal remains bullish

Gold 1 OZ (XAU=X) near-term technical posture for the yellow metal remains bullish

Gold 1 OZ (XAU=X) near-term technical posture for the yellow metal remains bullish Gold prices are trading moderately up and are at session highs in late-morning action Wednesday. The near-term technical posture for the yellow metal remains bullish, which has invited some fresh chart-based buying interest. The recent “collapse in volatility” on the daily bar chart […]

Silver 1 OZ 999 NY (XAG=X) expected to see silver pushing to a high of $17.50 an ounce

Silver 1 OZ 999 NY (XAG=X) expected to see silver pushing to a high of $17.50 an ounce

Silver 1 OZ 999 NY (XAG=X) expected to see silver pushing to a high of $17.50 an ounce The analysts said they see a potential for gold price to rise as the Federal Reserve looks to slow the pace of its monetary policy tightening this year. “In such a scenario the USD might not strengthen […]

Australia: S&P/ASX 200 (.AXJO) Opening Higher

Australia: S&P/ASX 200 (.AXJO) Opening Higher

Australia: S&P/ASX 200 (.AXJO) Opening Higher Australian shares are set to open modestly higher as investors turn cautious amid uncertainty about Brexit and the US government shutdown. ASX futures were up 9 points at 8.15am AEDT. The Australian dollar slipped 0.4 per cent. Shares on Wall Street were higher as positive news from Goldman Sachs […]

Hong Kong: HANG SENG INDEX (.HSI) Investors now focus on a no-confidence vote on May’s government by Britain’s parliament

Hong Kong: HANG SENG INDEX (.HSI) Investors now focus on a no-confidence vote on May’s government by Britain’s parliament

Hong Kong: HANG SENG INDEX (.HSI) Investors now focus on a no-confidence vote on May’s government by Britain’s parliament Asian shares ended mostly higher on Wednesday even as the U.K. House of Commons voted down Prime Minister Theresa May’s Brexit deal by a crushing margin, stoking fresh uncertainty. Investors now focus on a no-confidence vote […]

NASDAQ Composite (.IXIC) still remains in a bear market

NASDAQ Composite (.IXIC) still remains in a bear market

NASDAQ Composite (.IXIC) still remains in a bear market The Nasdaq Composite Index COMP, +1.71% on Tuesday closed sharply higher, putting the technology and internet-related gauge to a finish above its short-term average for the first time since early October. The Nasdaq booked a 1.7% gain to end at 7,023.83. That places the index above its 50-day moving […]

Tesla, Inc. (NASDAQ:TSLA) likely to continue to be one of the most talked-about stocks in 2019

Tesla, Inc. (NASDAQ:TSLA) likely to continue to be one of the most talked-about stocks in 2019

Tesla, Inc. (NASDAQ:TSLA) likely to continue to be one of the most talked-about stocks in 2019 One thing best describes Tesla (NASDAQ:TSLA) stock’s daily moves in the markets: roller coaster. Tesla stock is soaring one day and falling off the cliff the next. Its 52-week price range has been $244.59 (April 2, 2018) – $ […]

Alibaba Group Holding Limited (NYSE:BABA) isn’t selling cloud infrastructure, but unique AI services built on open source

Alibaba Group Holding Limited (NYSE:BABA)  isn’t selling cloud infrastructure, but unique AI services built on open source

Alibaba Group Holding Limited (NYSE:BABA) isn’t selling cloud infrastructure, but unique AI services built on open source Alibaba Group Holding (NYSE:BABA) has never been Amazon.Com (NASDAQ:AMZN). It wasn’t founded to sell consumer goods. Its cloud isn’t challenging Amazon in infrastructure. And in the past six months, BABA stock has suffered a drop about two times that seen by […]

Alphabet Inc. (NASDAQ:GOOG) Japan failed to report ¥3.5 billion in income

Alphabet Inc. (NASDAQ:GOOG) Japan failed to report ¥3.5 billion in income

Alphabet Inc. (NASDAQ:GOOG) Japan failed to report ¥3.5 billion in income Tokyo tax authorities have found that Google Japan failed to declare about ¥3.5 billion in income for 2015, a source close to the matter said Tuesday. The authorities are believed to have determined that the Japan unit of the American tech giant reduced its […]

Bitcoin: USD/BTC (BTC=X) bullish beginning to the year appears to have bottomed-out

Bitcoin: USD/BTC (BTC=X) bullish beginning to the year appears to have bottomed-out

Bitcoin: USD/BTC (BTC=X) bullish beginning to the year appears to have bottomed-out Bitcoin’s bullish beginning to the year appears to have bottomed-out, with early gains starting to slump. So how realistic are reports the volatile cryptocurrency could commence a new bull cycle? Bitcoin’s (BTC) fortunes fluctuated during the last 12 months, with its value dropping from […]

Dow Jones Industrial Average (.DJI) digested a weaker-than-expected fourth-quarter earnings report from JPMorgan Chase & Co.

Dow Jones Industrial Average (.DJI) digested a weaker-than-expected fourth-quarter earnings report from JPMorgan Chase & Co.

Dow Jones Industrial Average (.DJI) digested a weaker-than-expected fourth-quarter earnings report from JPMorgan Chase & Co. Stocks traded higher on Tuesday, Jan. 15, as Wall Street digested a weaker-than-expected fourth-quarter earnings report from JPMorgan Chase & Co. The Dow rose 156 points, or 0.65%, to 24,066, the S&P 500 gained 1.07%, and the Nasdaq rose 1.7% as […]

United States Oil (USO) U.S. will make major strides towards energy independence

United States Oil (USO) U.S. will make major strides towards energy independence

United States Oil (USO) U.S. will make major strides towards energy independence The U.S. will make major strides towards energy independence in the next two years as oil production and exports hit new highs, according to the Department of Energy. U.S. oil production, already at an all-time high this year, will increase by another 2 […]

Twitter, Inc. (NYSE:TWTR) vulnerable to a correction towards 31.83

Twitter, Inc. (NYSE:TWTR) vulnerable to a correction towards 31.83

Twitter, Inc. (NYSE:TWTR) vulnerable to a correction towards 31.83 Overall, the bias in prices is: Upwards. By the way, prices are vulnerable to a correction towards 31.83. The projected upper bound is: 36.39. The projected lower bound is: 29.58. The projected closing price is: 32.99. Candlesticks A white body occurred (because prices closed higher than […]

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