Fed’s Bullard Makes Case Again for Halting Interest Rate Hikes $DIA, $SPY, $QQQ, $RUTX, $VXX The US Federal Reserve should hold off on further interest rate rises because the stance of monetary policy is already at neutral or possibly restrictive, St. Louis Federal Reserve Bank President James Bullard said Wednesday. Mr. Bullard has repeatedly raised […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX The US markets will be closed Monday in celebration of Labor Day. Last Friday’s Wall Street action ahead of an extended Labor Day weekend was eventful in terms of trade-related headlines, but an uneventful one for the major US major stock market indexes averages, which […]
New Pistols From S&W Drives Earnings, Stock Price Spikes $AOBC Late Friday, shares of Smith & Wesson parent American Outdoor Brands (NASDAQ:AOBC) spiked 43.60% Friday after unexpectedly robust earnings and an optimistic financial outlook. The Springfield, Mass., company said net income came to $7.6-M in the FQ-1, after a loss of $2.2-M in the same frame a […]
S&P 500 and NAS Comp Notch Record Highs Again $DIA, $SPY, $QQQ, $RUTX, $VXX There is room to run in the equity markets with more records being hit, especially with the momentum on trade. S&P 500 and the NAS Comp hit all-time highs for the 4th session running Wednesday, boosted by a rise in Amazon.com […]
Bitcoin (BTC) Broke Out of its 20 Days Narrow Range $BTCUSD Bitcoin’s (BTC) price surpassed 7,000 early Tuesday after 20 days in a narrow range below 6,800. The worlds largest cryptocurrency by market capitalization first moved past the 7,000 mark early Tuesday after trading sideways for the past 20 days. Bitcoin passing the psychological hurdle […]
US Stock Market Indexes Finished Flat to Little Changed $DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, the S&P 500 closed at a new record high for the 3rd session running. It was a range-bound trading day, with the S&P 500 keeping between -0.1% and +0.2%, and 7 of the 11 sectors finished in the Red. The […]
Broad Based Wall Street Rally Continues to Post Record Closes $DIA, $SPY, $QQQ,$RUTX, $VXX US and Mexico reached bi-lateral trade agreement; Canada will now join the discussions Buying momentum following new records for the S&P 500, NAS Comp, and Russell 2000 Cyclical sectors outperform; heavily-weighted financial group particularly strong Wall Street’s broad-based rally drove the […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Up this week: US Consumer Confidence, 2nd GDP read, Personal income and spending, Chicago PMI. Classic Fed interest rate moves miscalculations is always cause for concern, as the Fed is making its same mistakes: it sees an overall still strong economy, stocks still strong, and it ignores […]
Global Investors Buying US Stocks, S&P 500 at Record Highs $DIA, $SPY, $QQQ, $RUTX, $VXX Global Investors bought into US stocks this week which set their longest-ever market rally. That action declared the end of a “tsunami” of tech fund inflows which have driven the market higher, noting tiny inflows of $0.1-B this week after […]
On the Resolution of China and NAFTA Trade Talks US Stock See Next Leg North $DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, Wharton School finance professor Jeremy Siegel advised savvy investors that the current Bull market could extend as much as 10% higher if the US were to settle its trade dust-up with China and reach a […]
Constellation Brands Inc. (NYSE:STZ) Gives Canadian Cannabis Company Legitimacy and Cash $STZ, $CGC, $ACBFF Canopy Growth Corp.’s (CGC) CEO, Bruce Linton expects 1 “Google-like company” to dominate the legal cannabis industry. Canopy’s transformative deal with Constellation Brands Inc. (NYSE:STZ) has given it legitimacy, clout and a cash hoard that has widened the gap with its competitors. […]
Bitcoin: the SEC’s ETF Decision Caps Price Gains $BTCUSD The US Securities and Exchange Commission (SEC) Wednesday rejected applications for 9 Bitcoin-based ETFs (exchange-traded funds) from 3 separate companies, stay tuned… Bitcoin’s (BTC) spiked to a 15-day high Wednesday, but caution ahead of the US Securities Exchange Commission’s (SEC) comming decision on a Bitcoin exchange-traded […]
S&P 500 Index Marks Longest Bull Run on Record $SPY, $DIA, $QQQ, $RUTX Wednesday, the major US stock indexes paused in trading, as the market marked the longest Bull run in history. Gainers in technology stocks, retailers and energy companies outweighed losses in industrial firms and elsewhere in the market. The S&P 500 held steady, […]
This Bull Market Was Born in the Depths of Financial Crisis $SPY This Wall Street Bull market was born at the depths of a financial crisis, and it has just became the longest ever recorded. Low valuations, little competition and EP/S growth that looked spectacular, but inline with historical trends, these were the forces that […]
Targets (NYSE:TGT) Q-2 Revenue, Profit Beat the Street Estimates $TGT Target Corp.’s Q-2 sales and profit beat estimates on Wednesday, helped by strong online sales and higher customer visits that grew the most in a 10 years, shares are trading nearly 5% higher as of this writing The Minneapolis-based retailer also raised its profit forecast […]
S&P 500 Marked Record High in the Longest Bull Market on Record $DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, the benchmark S&P 500 marked a record high, as US stocks rose on earnings reports in the consumer sector and relative calm in the trade dispute between the United States and China. The S&P rose as much as […]
Bitcoin (BTC): The Technicals, The Outlook $BTCUSD Bitcoin is ranged in here, and the direction of the next breakout is uncertain. Bitcoin was expected to rise toward 7,000 at the weekend, having broken above a Key technical mark Friday. However, contrary to expectations, BTC Bulls failed to take up the supply around 6,600 in the frame. […]
US Stocks Outperforming the World’s Equity Markets $DIA, $SPY, $QQQ, $RUTX, $VXX US stocks are outperforming the other major overseas stock indexes for the past 8 months. The positive trend began when President Donald Trump started his “America First” campaign aimed at making free trade fairer trade with America’s major trading partners. During this current […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Q-2 earnings is coming to a close, so lets look at the technicals DJIA leads as money rotates form tech’s to its blue chips Tech leaders topping, the rotation allows the move to continue; some leaders will soon drop out. DJIA: Thursday the DIA finished solidly higher, […]
Investors Bullish Stocks As This Long Bull Run Extends $DIA, $SPY, $QQQ, $RTUX, $VXX This longest Bull run on record has taken US stocks to record highs this year may be about to run further North, according to the latest survey of fund managers by Bank of America Merrill Lynch (BoAML). Allocations to US stocks […]
US Stock Broke Out Above Strong Resistances Extending the Longest Bull Run on Record $DIA, $SPY, $QQQ, $RUTX, $VXX HeffX-LTN’s overall out look for the US equities market is Bullish Stocks rallied Thursday, the S&P 500 opened higher and extended gains into the afternoon, the benchmark index finished +0.8% off its session highs. The DJIA […]
US Market Indexes Tested Key Support and Reversed Again $DIA, $SPY, $QQQ, $RUTX, $VXX The major US stock market indexes for the 5th time in 6 sessions Wednesday to test Key support and bounced. The S&P 500 finished lower by 0.8% after being down as much as 1.3% intra-day. The DJIA and the NAS Comp […]
Turkish Lira Recovers, S&P 500 Caps Losing Streak $DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, the major US stock market indexes finished at: DJIA +112.22 at 25299.92, NAS Comp +51.19 at 7870.91, S&P 500 +18.03 at 2839.70, Volume: Trade on the NYSE came in at 657-M/shares exchanged The S&P 500 bounced Tuesday, ending its 4-session losing streak with a gainer of 0.6%. The NAS […]
Millennials, Baby Boomers to Fuel Historic Economic Expansion $DIA, $SPY, $QQQ, $RUTX, $VXX Monday, investment guru Ed Yardeni predicted millennials and baby boomers will help the US achieve its greatest economic expansion in history. “They the baby boomers are increasingly becoming minimalists. They are trading down in terms of houses that they want to live […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Q-2 earnings is coming to a close, just as Key economic data coming up. This week we have: retail sales, Empire manufacturing and Philly Fed, industrial production and capacity, housing starts, leading indicators, and MSI. Data is important as it is important the US economy remain […]
US Stocks: The Bulls Paused to Refresh $DIA, $SPY, $QQQ, $RUTX, $VXX Wednesday in light trade the S&P 500 finished off a bit, capping a 4-session streak. The SPY lost 0.1%, now just 0.5% of its 26 January record high. The NAS Comp ticked up, adding 0.1%. The DIA gave back 0.2%. No sector advanced […]
US Stocks Headed to Record Territory $DIA, $SPY, $QQQ, $RUTX, $VXX Tuesday, US stocks advanced for a 4th session running, with the S&P 500 climbing 0.3% to 2858. The benchmark index is now within 0.5% of its 26 January record high. The tech-heavy NAS Comp climbed 0.3%, and the DJIA rose 0.5%. The S&P 500 […]
S&P 500 Companies Stock Buybacks to Hit $1-T this Year $DIA, $SPY, $QQQ, $RUTX, $VXX Investors should focus on the $1-T number that will have a Key influence on the market, total buyback authorizations. Last week investors focused on Apple Inc.’s (NASDAQ:AAPL) value. But another trillion-dollar threshold is coming soon, and is more relevant to […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $RUTX Again, the big cap indexes are set up well. The small and mid-caps are near the old highs and testing. Earnings are set up, ready to drive this market North. The Technicals DJIA: The DIA struggled more on the trade issues than did the S&P […]
Google Hammered by Senators Over Censored China Search Engine $GOOGL Friday, a group of Republican and Democratic Senators hammered Alphabet Inc.’s (NASDAQ:GOOGL) Google over reports it is developing a censored version of its search engine for the Chinese market. China critic Senator Marco Rubio (R-FL), was joined by 5 otherUS lawmakers on a letter to […]
The Race is On to Join the ‘Trillion Dollar Club’ $DIA, $SPY, $QQQ, $RUTX, $VXX Amazon, Microsoft and Alphabet are in the race to become the 2nd publicly-listed US company to reach a $1-T stock market value after Apple (NASDAQ:AAPL) became the 1st to race to the Big T milestone. Wall Street’s optimism about last […]
Apple (NASDAQ:AAPL) and Tech Giants are Top 5 in Value $DIA, $SPY, $QQQ, $RUTX, $VXX, $AAPL Thursday, Apple (NASDAQ:AAPL) became the 1st public company to exceed $1-T in market cap, just 2 days after reporting better-than-expected Quarterly earnings. The personal technology giant is known for the iPhone smartphone, tablet and Macbook laptops, as well as […]
Republican Tax Plans Include Making US Cuts Permanent $DIA, $SPY, $QQQ, $RUTX, $VXX Tax Reform 2.0 Republican plans to build on last year’s US tax legislation will include making individual and small business tax cuts permanent, expanding savings plans and giving breaks to start-up companies, according to documents released on Tuesday by the chief architect […]
Facebook’s (NASDAQ:FB) CEO In Awe of Team Trump’s Social Media Marketing $FB Facebook (NASDAQ:FB) insiders were in awe of Donald Trump’s campaign marketing on the social media platform, and viewed it as 1 of the most imaginative strategies ever. According to reports, CEO Mark Zuckerberg put in a secret call after the election to congratulate […]
F1: Ferrari (NYSE:RACE) to Challenge MercedesAMG at the Hockenheimring Sunday $RACE The 2018 German Grand Prix will be held at the Hockenheimring on 22 July and with the way the season has shaped up so far, there could be a lot of action both at the Top and at the middle of the pack. A resurgent Ferrari […]
Oracle’s (NASDAQ:ORCL) Blockchain Cloud Services Adopted Worldwide $ORCL Businesses around the world have been deploying an early adopter version of Oracle (NASDAQ:ORCL) Blockchain Cloud Service, which becomes generally available today. The service allows organizations to easily build blockchain networks to drive more secure and efficient transactions and to track goods through supply chains on a global scale. Arab […]
F1: Ferrari’s (NYSE:RACE) Vettel Vs MercedesAMG at the German Grand Prix $RACE Sunday’s German GP at Hockenheim has Ferrari (NYSE:RACE) champion Sebastian Vettel pitted against MercedesAMG in the quest for F1 supremacy. Mr. Vettel, a German, leads the drivers’ championship by 8 points after victory over Lewis Hamilton at the British Grand Prix. Mr. Hamilton […]
Wall Street On Track For Banner Year! $DIA, $SPY, $QQQ, $RUTX, $VXX Despite the persistence of geopolitical and economic risks, the backdrop is constructive There are more catalysts in the market and more participation. Wall Street trading desks’ revenue is on track for the best year since 2011, Q-2 earnings reports from big US banks […]
Most Investors Pick Stock Funds as Best Long-Term Investment $SPY Investors have selected stock index or mutual funds over 5 other investments as the best for the long term results, according to the latest Wells Fargo/Gallup Investor and Retirement Optimism survey. Real estate and individual stocks are a distant second. Fully 54% of investors choose […]
F1: Ferrari (NYSE:RACE) Chose Pirelli’s Ultrasofts for the Hungarian GP $RACE Ferrari’s approach to tire choice ahead of its Key rivals for the Hungarian Grand Prix. For the Hungarian GP both MercedesAMG and Red Bull Racing are opting for 7 sets of the ultrasofts (Pirelli Purple) for each of its drivers. While Ferrari (NYSE:RACE) has given Sebastian Vettel 9 […]
Ferrari’s (NYSE:RACE) Display Wow’d at Goodwood Festival $RACE Ferrari’s (NYSE:RACE) display at this year’s Goodwood Festival of Speed (FoS) showcased the Maranello outfit’s brand horsepower. Making their UK debut at this world-famous event were the 488 Pista, Portofino, 812 Superfast and FXX K Evo. And putting the 599XX, FXX and FXX K Evo through their track paces were The Scuderia’s GT […]
Atlanta Fed: “US Economy Growing at 4.5% Annualized Rate” $DIA, $SPY, $QQQ, $RUTX, $VXX Monday, the Atlanta Fed announced that the US economy is growing at a 4.5% annualized rate in Q-2 following the latest data on strong retail-sales data, the GDPNow forecast model showed. The latest estimate on GDP growth is faster than the […]
Many US Industries Will Thrive During Trade Tensions $DIA, $SPY, $QQQ, $RUTX,$ VXX Several US industries are set to withstand the trade dust-up or even thrive, according to US financial services firm Cowen and Company. China’s recent revisions to tariffs have a clear benefit to luxury retailers, Cowen analysts said in its report. While the […]
F1: Ferrari (NYSE:RACE) Tech, ‘The floor the floored MercedesAMG’ $RACE This F1 season is a head to head contest between motorsport’s Top 2 Teams: The Scuderia and The Silver Arrows. At the weekend Silverstone we saw Ferrari (NYSE:RACE) respond formidably to the recent gainers made by MercedesAMG. Lewis Hamilton took Pole for MercedesAMG with a […]
The Bulls are In Charge, DJIA Catching Up $DIA,$SPY, $QQQ, $RUTX, $VXX Stocks Up and Treasuries Down Investors are focused on the start of the earnings season which begins unofficially Friday The S&P 500 Index gained for a 4th day running, the longest streak since the beginning of June on moderate volume. PepsiCo Inc. (NYSE:PEP) […]
President Trump, the ‘Picasso’ of Tweets $TWTR Donald Trump’s Tweets are not a mistake, it is not insanity, he is not nuts, and not stupid, he is Genius. President Trump is the Picasso of Tweets. Monet meets Beethoven. The Saul Alinsky of Conservatives and Capitalists. Donald J Trump is 1st politician from the right to […]
Ferrari’s (NYSE:RACE) Silverstone Grand Prix Upgrade Revealed $RACE Ferrari’s (NYSE:RACE) upgrade package for the British Grand Prix was revealed Thursday, with interesting changes to the floor and engine cover of its SF71H F1 car. The changes come a week after Ferrari’s chief rival MercedesAMG introduced a major upgrade at Austria. This shows us how much […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing new. PE DJIA at 24174.82, -0.54% was shuttered Wednesday for the 4th of July holiday. While support near 24000 holds, DIA could trade sideways within the 24000-24800 for some time. DAX at 12317.61, -0.26% is trying to move North and could try 12700 near term. Nikkei at 21680.09, -0.17% could […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing new. PE DJIA at 24307.18, +0.15% is ranged within 24000-24500 now, while the daily trend support near 24000 holds, DIA has room on the Northside to 24750-25000 near term. But, a clear break below 24000 could push it to 23600-23200. DAX at 12238.17, -0.55% is trading near support, […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing new. PE DJIA at 24271.41, +0.23% has risen, while the daily trend support at 24000 holds, the DIA could move up towards 25000. Near term looks Bullish to me. DAX at 12306, +1.06% is ranged within 12400-12100 now. A clear break below 12100 could take it to support near […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing new. PE DJIA at 24216.05, +0.41% bounced from Psych support at 24000, and while the daily trend support holds, there could be some Northside in DIA to 24750 and beyond. Or, a failure to hold above 24000 and may see 23600 soon. DAX at 12177.23, -1.39% looks Bearish […]
METALLA ROYALTY & STREAMING LTD. (TSXV:MTA; OTCQX:MTAFF; Frankfurt:X9CP) $MTAFF, $SLV, $GLD Market Cap C$ 58-M, C$ 0.76/share METALLA’s PRODUCTION RESULTS AND GUIDANCE FOR FY 2018 & 2019 $MTAFF, $SLV, $GLD Metalla Royalty & Streaming Ltd. announced preliminary production results for the 12 months ended 31 May 2018 of 519,791 oz of attributable Silver, where 429,315 oz. were sold and provisionally invoiced and […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing new. PE DJIA at 24117.59, -0.68% rose above 24500, came off and closed lower. DIA near 24000 is psych support which could hold then drive prices North. A clear break below 24000, then targets testing to 23600-23500. DAX at 12348.61, +0.93% is seeing its support hold, what […]
Goldman Sachs Very Bearish Tesla (NASDAQ:TSLA), Musk Bristles… $TSLA Elon Musk says Tesla (NASDAQ:TSLA) bears like Goldman Sachs are in for a ‘rude awakening’ Goldman Sachs raised its Model 3 production estimates Monday, but the bank is Very Bearish Tesla. CEO Elon Musk sent a news article about the analyst note to the entire company. “They […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Most world stock indices look Bearish near term. PE DJIA at 24283.11, +0.12% moved up a bit Tuesday. Psych support to watch is 24000 and next Key at 23600 which if hold may bring in another move North medium term, or DIA could remain Bearish for the next […]
Ferrari’s (NYSE:RACE) Stock Dip a Buying Opportunity $RACE Ferrari (NYSE:RACE) stock price has seen strong growth since July 2016. There are just a hand full of analysts covering the world’s #1 automotive brand stock, and it rightfully commands a luxury Price/Earings ratio in the 40’s plus pays a dividend conferring on the iconic Italian supercar […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Indexes look Bearish in here. PE DJIA at 24252.80, -1.33%, and DAX at 12270.33, -2.46% came off sharply Monday. DIA may test 1st support at 24000 from where a corrective bounce back to 24750-25000 can happen. A break below 24000 could take the index down to 23200, Key support seen […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Looks like traders are for the most part factoring in that President Trump will in the trade negotiations. PE DJIA at 24580.89, +0.49% seeing good support at 24250 but overall there could be chances of a fall towards 24000 medium term. Near to medium term looks Bearish towards 24000 with […]
F1: France Welcomes the Gran Prix Back to Provence $RACE France returns to the F1 calendar for 1st time since Y 2008; Sunday’s race race starts to avoid World Cup conflict. F1 itself has always carried a strong French flavor, as it hosted the 1st-ever Gran Prix in Y 1906 and ‘gran prix’ means ‘grand […]
Ford Vs Ferrari Le Mans Movie $RACE, $F A feature film telling the true story of Ford (NYSE:F) and Ferrari’s (NYSE:RACE) epic racing rivalry of the 1960’s has been in the works for a long time now. But with Director James Mangold attached and a new round of casting negotiations, a Variety report signals the Green Flag […]
Trade Negotiations: Investors Agree, the US Will Win $DIA, $SPY, $QQQ, $RUTX, $N300, $VXX Trade disputes are good and easy to win. Chinese stocks weak American stocks stronger. That is the view from financial markets as the tariff dust-up between China and the US shows increasing signs of impacting stock prices. While broad measures of […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Perhaps the trade tensions are weighing on global investor sentiments leading to further declines, indexes still look Bearish to me in here.PE DJIA at 24461.70, -0.80% DIA may test to 24250 in here, and looks Bearish near term to me, unless that it closes over 24500, then it will head […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Global equity indices still look Bearish in here.PE DJIA at 24657.80, -0.17% closed below 24700 Wednesday, if DIA fails to rise above 24700 again, the index could turn Bearish for a test to 24250-23750. DAX at 12695.16, +0.14% if DAX moves above 12700 near term, it could run […]
Ferrari (NYSE:RACE) 250 GTO to Auction at Monterey Car Week in August $RACE, $BID A 1962 Ferrari 250 GTO is coming up for sale, at RM Sotheby’s (NYSE:BID) Monterey sale this August. It carries a pre-auction estimate of $45-M. All original 250 GTOs built between Y 1962 and 1964 have survived, and they are all worth very big […]
NAS Comp Marks Another Record High Close, Trade Concerns Dampen DJIA $DIA, $SPY, $QQQ, $RUTX, $VXX China Cannot Win a Tit for Tat Trade War With the US President Donald Trump’s threat to impose a 10% tariff on $200-B of Chinese goods, triggering a tit-for-tat trade war with Beijing, is “extremely good news for the […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Global equity indices still look Bearish in here.PE DJIA at 24700.21, -1.15% closed below the daily trendline support at 24750, and has opened the path to 24000-23600 now. Unless we see an immediate bounce back above 24750 medium term is Bearish. DAX at 12677.97, -1.22% tested to 12600. […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: .DXY strengthened, EUR weakened . PE The US Dollar (.DXY) Index at 95.02 strengthened against most peers Tuesday marking a high 95.30. It could now move to 95.5-95.6 on the 3-Day lines, a break there targets 96 in here EUR (Euro) at 1.1584 fell Tuesday dipping below major support at 1.156 to see a low […]
Ferrari’s (NYSE:RACE) Classic 250 GTO’s Are the World’s Most Expensive Cars $RACE Early this month there was a record-breaking classic car sale, it was 1963 Ferrari 250 GTO s/n 4153 the most expensive car ever sold. For now, that is… Ferrari 250 GTO s/n 4153 was bought by American entrepreneur David MacNeil, founder of WeatherTech automotive. Mr. […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Global equity indices look Bearish in here.PE Note: Shanghai has fallen breaking psych 3000 support indicating further Bearishness. Nikkei, Nifty and other Asian equity indices could follow. DAX and DJIA are also trading lower and could also be dragged down near to medium term. DJIA at 24987.47, -0.41%, […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY, $AUD Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.596 see a dip to 94.5-94.4, followed by a rise to 94.6-94.7. This week see a move to 94.3-94.2, while it stays below resistance at 95.5. EUR (Euro) at 1.1634 moving to 1.165 and could test at 1.167 Tuesday before dipping to 1.162. Note: Last week […]
Ferrari (NYSE:RACE): Insuring These Classic & Vintage Sports and Racing Cars $RACE, $AIG, $CB AIG’s goal: insure all of 39 of the Ferrari 250 GTO’s Ferrari (NYSE:RACE) built 39 250 GTOs in the early 1960’s, selling them to select buyers for about $18,000 a copy. Today, the racer is the most expensive and collectible car […]
US Economy Can Absorb Hit From China Tensions $DIA, $SPY, $QQQ, $RUTX, $VXX Now is the right time to pressure China on its trade policies because the US economy is strong enough to absorb uncertainty arising from bi-lateral tensions, White House Council of Economic Advisers Chairman Kevin Hassett said Monday. Mr. Hassett spoke after President […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Global equity indices look Bearish in here. PE DJIA at 25090.48, -0.34% could test psych support at 25000 in here, a clear break below 25000 would be Bearish medium term. If 25000 holds, see another run at 25500. DAX at 13010.55, -0.74% came off from the close of 13107 seen […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) Index at 94.89 see a down-move in .DXY to 94.3-94.2, while it stays below resistance at 95. EUR (Euro) at 1.1585, support at 1.155 is holding in here. The single currency could test at 1.165 this week, while it trades above 1.155. USD/JPY at 110.44 tested at 110.9 […]
Ferrari’s (NYSE:RACE) Special Edition ‘Piloti Ferrari’ 488 Pista for Race Drivers Only $RACE This Ferrari (NYSE:RACE) Special Edition Supercar points to the iconic Italian automaker’s FIA World Endurance Championship success. As an homage to the accomplishments in the 2017 FIA World Endurance Championship the Maranello Outfit debuted a ‘Piloti Ferrari’ specification for the newly-launched Ferrari 488 […]
Ferrari’s (NYSE:RACE) Stock Broke Out Marking New 52 Wk Highs $RACE Ferrari is the world’s #1 Automotive Brand, and a Aristocrat stock. Ferrari (NYSE:RACE) marked a 52-wk high on the week, and now has 154.86 target or 4.00 % above Friday’s close in New York at 148.90/share. The chart is Very Bullish and indicates low risk […]
Ferrari (NYSE:RACE) on the Restoration of a $20-M SWB 250 California Spyder $RACE The UK’s DK Engineering has restored 2 SWB 250 California Spyders in the last 2 years. They found them to be the best Ferrari convertibles ever produced. The 1961-63 Ferrari 250 GT California Spyder is based on the 250 SWB Berlinetta, and the race-ready […]
President Trump’s Tariffs Having Minimal Effect on US Economy $DIA, $SPY, $QQQ, $RUTX, $VXX US President Donald Trump’s new trade tariffs will lop at most a couple of tenths of a percentage point off US growth and add a similar amount to inflation, small stuff for a $19-T economy that is experiencing its 2nd longest […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: DJIA not meeting expectations yet. PE DJIA at 25175.31, -0.10% has not broken above 25500 and look like it wants to test to 25000 in here, contrary to expectation of a rise to 25750 +. Now, the psych support at 25000 is Key, and a bounce from there could take […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: ECB’s policy stance turned out to be a mix of Hawkishness and Dovishness. PE Related Story: Euro: Europe is a Failed State EUR (Euro) at 1.1564, the single currency saw its biggest intra-day fall since Dec ’16, as it fell from 1.185 to 1.156. Note: On the charts, it is testing important support on […]
F1: Ferrari (NYSE:RACE) Resolves Fuel Consumption Issue $RACE The Big Q: Did the upgraded Ferrari F1 engine run at the Canadian GP resolve the fuel consumption issue they had in the beginning of the season? The Big A: That is a complex question. This is how the experts see it: As well as simply improving the […]
US Leads the Global Economies, EU Struggling $DIA, $SPY, $QQQ, $RUTX, $VXX NAS Comp Hits New Closing High on Strong US Economic Data The US economy is driving ahead of the rest of the world, now. May retail sales that topped forecasts Thursday, as the US racks up growth of at least 4% in the current […]
Ferrari (NYSE:RACE) is an Aristocrat stock, it Pays Dividends $RACE Ferrari is HeffX-LTN’s Stock of the Year, sees a Bullish Breakout, there is no resistance. Ferrari (NYSE:RACE) is HeffX-LTN’s stock of the Year fueled by accelerating earnings growth. The iconic Italian Supercar maker’s shares rallied 2.4% to 143.96 on NYSE Wednesday breaking overhead resistance at 141.66 in it […]
Ferrari (NYSE:RACE) HeffX-LTN’s Stock of the Year, Bullish Breakout $RACE Ferrari (NYSE:RACE) is HeffX-LTN’s stock of the Year fueled by accelerating earnings growth. The iconic Italian Supercar maker’s shares rallied 2.4% to 143.96 on NYSE Wednesday breaking overhead resistance at 141.66 in it consolidation pattern. The chart is telling me that the stock is spring loaded for a […]
FOMC Acknowledges Growing Inflation Ending Crisis-Era Guidance $DIA, $SPY, $QQQ, $RUTX, $VXX The Fed raised it overnight fed funds rates Wednesday shifting from policies used to battle the 2007-2009 financial crisis and recession. In raising its benchmark overnight lending rate a 1/4 bpt to a range of between 1.75 and 2%, the FOMC dropped its […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Nothing New. PE DJIA at 25320.73, -0.0062%, and DAX 12842.30, -0.0048% look stable with a slight dip from Tuesday’s marks Upside for DIA is open to 25750, while DAX could say stable this week. Note: Watch Key resistance 12900 and 13100 on DAX. Nikkei at 22934.58, +0.25% is up and […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing New. PE US Dollar (.DXY) Index 93.87 trades around the 93.4-93.8 during the last 3 sessions. Note: Tuesday, the US CPI met expectations did not have a Bearish impact on USD. The FOMC meet Wednesday will be important, as any sign of Dovishness could push .DXY down to 92.8-93.0. EUR (Euro) at […]
Ferrari (NYSE:RACE) World Record Priced 250GTO’s New Owner $RACE Two weeks ago, when the news broke of the $70-M sale of the 1963 Ferrari 250 GTO s/n 4153, speculation abounded as to its new owner, as it was a private treaty transaction. Soon, word leaked out that the buyer is David MacNeil. The Big Q: […]
American’s Charitable Giving Tops $400-B $DIA, $SPY, $QQQ, $RUTX, $VXX Driven by a rising stock market and huge gifts from billionaires, charitable giving in the United States in Y 2017 topped the $400-B mark for the 1st time. The Giving USA report, released Tuesday, said giving from individuals, estates, foundations and corporations reached an estimated […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary:Major indices are mixed. DIA and Nikkei have room to rise in here while DAX, Nifty and Shanghai looks Bearish. PE DJIA at 25322.31, +0.023% and DAX at 12842.91, +0.60% moved up a bit. DJIA could rise further to 25750 while DAX sees 1st resistance at 12900, need a clear break […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing New. PE US Dollar (.DXY) Index at 93.73 rose Monday and has seen 93.89 Tuesday, and now could move lower, targeting 93.0-92.8 this week. EUR (Euro) at 1.1766 has seen lows near 1.174 Tuesday, now looks like it could rise to 1.1875-1.1900 in this week, 1.19 is major resistance. USD/JPY at 110.24 turned Bullish, […]
F1: Ferrari (NYSE:RACE) Back in the Championship Lead $RACE Ferrari’s (NYSE:RACE) Sebastian Vettel’s light out to Chequered Flag victory Sunday in the Canadian Grand Prix has The Scuderia back in the lead for the Championships. Just after the start and exits from Turn 1 the race turned into a procession with Mr. Vettel leading the […]
Investors See a Rate Hike From the FOMC Wednesday $DIA, $SPY, $QQQ, $RUTX, $VXX Retail investors are not waiting to see inflation coming, they know it is here. And are moving money into securities that hedge against risks of rising price pressures as the U Labor Department is set to give its latest reading on […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Major resistances are seen above current marks on the Nifty, Nikkei and DAX. Shanghai is trading at major support, and could break down or bounce up. DIA has room and looks Bullish in here. PE DJIA at 25316.53, +0.30% finished above 25250 Friday, it could move up […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing New. PE The US Dollar (.DXY) Index at 93.43 could move South to 93. Support at 92.8-92.6 could be important, a clear break below that is the 1st sign of a Bearish .DXY ahead. EUR (Euro) at 1.1797 is likely to see a to 1.1875 in here, 1.19 could be important resistance, a clear […]
F1: Ferrari (NYSE:RACE) Verstappen Out Paced Kimi Raikkonen in Practice $RACE Red Bull Racing’s Max Verstappen out-paced Ferrari’s Kimi Räikkönen and teammate Daniel Ricciardo at the Circuit Gilles Villeneuve in the 2nd Free Practice Friday afternoon. After MercedesAMG driver Lewis Hamilton was Mr. Verstappen’s closest challenger in FP1, the 4X world champion found himself back […]
President Trump’s Tough Talk Driving US Stock Market $DIA, $SPY, $QQQ, $RUTX, $VXX Fears of a trade war is giving boost to some of the smallest companies in the market as well as some of the biggest technology companies. For over 3 months, investors have focused on US negotiations with trading partners including China, Europe, […]
Morning Briefing Global Stocks $DIA, $DAX, $DJSH, $N300, $NSEI Commentary: Overall, global stock market indexes are mixed. DIA looks Bullish on a successful attempt to break out above 25250. DAX is stable near term. PE DJIA at 25241.41, +0.38% marked an intra-day high at 25326 and faded. This rise could turn Bullish for DIA to 25750-26000 near term. […]
Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing New. PE The US Dollar (.DXY) Index at 93.47 tested to 93.21 Thursday. It may bounce to 93.6-93.7 Friday and fade, 92.8 is an important mark. A clear break below 92.8 is the 1st indication of Bearishness for .DXY medium term. EUR (Euro) at 1.18 will head to 1.177-1.178 Friday, 1.19 is an important […]
Ferrari(NYSE:RACE) Factory Team to Suzuka 10 Hours Race $RACE Ferrari to field factory-supported entry in Suzuka 10 Hours Ferrari (NYSE:RACE) is now the 8th manufacturer to officially enter Japan’s Suzuka 10 Hours round of the Intercontinental GT Challenge in August with a factory-supported entry. The Taiwanese HubAuto team has entered a 2nd Ferrari 488 GT3 for works […]