$DJIA, $SPY, $QQQ, $RUTX, $XRT, $AMZN, $VXX The S&P 500 rallied 5.0% Wednesday from extremely oversold conditions Rebounding Crude Oil prices, strong holiday sales, and some short covering drover the S&P 500 to its best 1-day gainer since March 2009. The Dow Jones Industrial Average gained 5.0%, the NAS Comp gained 5.8%, and the Russell 2000 […]
$BTCUSD , $CME, $CBOE The year long digital-asset slump is scaring off institutional money, according to JPMorgan Chase & Co., suggesting a taste for the cryptocurrency markets is fading way. “Participation by financial institutions in Bitcoin trading appears to be fading,” JPM analysts wrote in a research note dated 14 December. “Key flow metrics have downshifted […]
Silver to Gold Ratio Points to Over-sized Profits Coming to Silver $SLV, $GLD, $DIA I last wrote an article on Friday November 9th as the Dow Jones closed with a value of -3.13% in the BEV chart below. Three Friday’s later and the Dow Jones closed today with a value of -4.81%. Not much of a […]
Volatile Markets are Opportunities for Savvy Participants $DIA, $SPY, $QQQ, $RUTX, $VXX Some investors get scared when the stock market falls, but there is always the other side of that action. When selling happens, stocks are on sale. The recent Southside action can provide opportunities that investors have not seen for a while. The Key […]
Iran says it is Selling all of the Crude Oil it Needs to Despite US Sanctions $OIL, $USO Tuesday, Iran said it had so far been able to sell as much Crude Oil as it needs despite US pressure, but it urged European countries opposed to US sanctions to do more to shield Iran. Monday, […]
Tesla (NASDAQ:TSLA) Key Quarterly Earnings Report Coming $TSLA Selling Vapor Ware and taking deposits on cars that cannot be produced and delivered do not produce earnings. Tesla’s (NASDAQ:TSLA) Mission: “Accelerate the world’s transition to sustainable energy.” It says soon on its website. My Big Q is: Why? The Big A: 1st Tesla has to prove it […]
Looking at the Week: Gold Gains on the Weaker Buck $GLD, $SLV, $USD, $CNH Precious metals finished up Friday despite its dips during the week. Precious metals were up on Friday despite many taking dips earlier in the week. Plus we run through key stories in the space for the week. Both gold and silver prices finished up Friday, 14 […]
Bitcoin’s Key Resistance Stands at $10,000/each $BTCUSD After a strong 4 wk Bull Run which has seen the total value of all crypto coins spike 72% to $460-B. Bitcoin accounts for 36.1% of all coins is headed toward Key resistance at $10,000 and it’s 200-Day MA at $10,015, a closely watched technical gauge of momentum […]
Bitcoin Rallied, Now Trading Above $8,000 Again $BTCUSD Post-US Tax Day Rally Underway The price of just 1 Bitcoin jumped back above $8,000 early Wednesday, erasing a Tuesday loss that saw the No. 1 digital currency shed $200 in 20 mins. Speculation is that that decline was the work of 1 or 2 large sellers, […]
Top Cryptocurrencies Traded Lower Monday $BTCUSD Bitcoin prices climb above $7,000 at the weekend, but the momentum did not hold into Monday. The No. 1 cryptocurrency dipped back to about $6,800 Monday in a light-volume session. Most of the Top cryptocurrencies by market cap traded lower Monday, too, in relatively narrow ranges. Monday, Bitcoin dropped […]
Bigger Than ‘Black Friday’, Bitcoin Price Heads for $10,000 $BTCUSD, $GBTC, $CME, $CBOE There is something even bigger than Black Friday or Cyber Monday in our financial world, as cryptocurrency buying has the price of Bitcoin up over $9,400 this Sunday afternoon. I saw the price reach as high as $9,595.395 in a fast trading […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Earnings and Data the focus on Wall Street this week. On the Data Front: Durable goods, New home sales, GDP, Michigan Sentiment Indicator (MSI) final October. On the Earnings Front: So far the responses were tepid but have not hurt the market. The financial held and are […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX Earnings are Wall Streets’ focus now as the banks started last week and the doors are now open The Big Q is whether the market has room for more upside on some good earnings after the gains in DJIA, Techs (SOX), NAS Comp and S&P […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX The econ data feed this week includes: PPI, CPI, Retail Sales, Michigan Sentiment (MSI) October preliminary. San Francisco is finding out that the higher minimum wage and the high cost of Barack Obamacare aka ACA compliance with restaurants is causing some of the middle market favorites to […]
Commentary: Paul Ebeling on Wall Street $DIA, $SPY, $QQQ, $VXX We saw new US market highs into Friday. This new Month and Quarter could bring some more buying and perhaps more new highs. The Big Q: Will new highs become the targets for the algorithms machine traders to sell? The Big A: Look at the […]
Managed Money Said Monday, “We are not worried at all about tech” $AAPL, $AMZN, $FB, $GOOGL, $MSFT Selling in the high flying technology sector extended to its 2nd trading day Monday, with the NAS Comp seeing it biggest 2-day loss since September 2016 The tech selling dragged down all 3 major US stock market indexes, […]
Investing Wisdom from Some “Wizards of Wall Street” Throughout history, investors have repeatedly made the same investment mistakes. Whether it was selling at the bottom of major market corrections, or buying near the peaks of the next cyclical Bull market, the results have, for the most part, been generally the same. When you run out […]
Segenhoe Stars for Classic Selling on Sunday & Monday Premium Hunter Valley nursery Segenhoe Stud will be chiming in late at the 2017 Inglis Classic Yearling Sale presenting a draft of nine top class youngsters on Sunday and Monday. Feature photo above: Bred and sold by Segenhoe – Eagle Way wins the Queensland Derby Now […]
Chicago Agriculture Commodities Finished Mixed $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) agriculture grains futures close mixed Wednesday with Corn and Wheat futures falling, buffeted by profit-taking and abundant world supplies. The most active Corn contract for March delivery fell 2.5 cents, or 0.69%, to 3.58 bu. March Wheat delivery drooped 5.75 cents, or […]
Chicago Agriculture Commodities Finished Mixed Friday $SOYB, $CORN, $WEAT Chicago Board of Trade (CBOT) agriculture grain futures settled mixed Friday, with Soybean rising on technical buying and positioning ahead of options expiration, despite pressure from the harvest of a record-large US Soybean crop and a strengthening USD. The most active Corn contract for December delivery […]
Chicago Agriculture Commodities Finished Lower $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) grains futures eased Tuesday after a multi-day rally in agriculture grain markets as farmer selling overwhelmed optimism over export demand or short covering by investors. The most active Corn contract for December delivery fell 0.25 cents, or 0.07%, to 3.5375 bu. December […]
Chicago Agriculture Commodities Finished Lower Friday $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) grains futures finished lower Friday on reports of big harvest yields and heavy farmer sales on the cash market. The most active Corn contract for December delivery fell 0.25 cents, or 0.07%, to 3.365 bu. December Wheat delivery dropped 0.75 cents, […]
Monday’s Bounce Must Hold for US Market to Continue North $DIA, $SPY, $QQQ, $VXX Last week ended on a low note as the major US stock market indexes all declined more than 2.0% and 3.1% in the case of the Russell 2000 in a selloff. The CBOE Volatility (VIX) Index, meanwhile, spiked 40% in a […]
Investors A Recession Away from Total Destruction $FB, $SQ, $MSFT, $ABX TheBig Q’s: Would you like to: Make a bit of money most of the time, with a small chance of losing a lot? Lose a bit of money most of the time, with a small chance of making a lot? The Big A: Most […]
Thailand’s Oil Explorer PTTEP Selling Oman 44 Project The deal is expected to close in early Q-4 of Y 2016 Thailand’s largest Oil & Gas explorer, PTT Exploration and Production Pcl said Monday it will sell its Oman 44 Nat Gas project to ARA Petroleum LLC in a shift in investments in the Middle Eastern […]
Ferrari (NYSE:RACE) Price Target 56/Share at Morgan Stanley $RACE Ferrari NV (NYSE:RACE) had its price target lifted by Morgan Stanley from 54.00 to 56.00 in a research note published on Wednesday, StockTargetPrices.com reports. Morgan Stanley currently has an overweight rating on the stock. The firm has a 50-Day MA of 44.16 and a 200-Day MA […]
Chicago Agriculture Commodities Finished Lower $CORN, $WEAT, $SOYB Chicago Board of Trade (CBOT) Corn, Wheat and Soybean extended their losses Tuesday. The most active Corn contract for Jul delivery lost 25 cents, or 5.93%, to close at 3.9625 bu. Jul Wheat delivery fell 14.50 cents, or 3.07%, to settle at 4.585 bu. Jul Soybean dropped […]
Apple’s (NASDAQ:AAPL) Shares Seen Falling Further $AAPL After dropping more than $200-B in market cap in 1 year, Apple shares could fall further as they are set to lose their weighting and be reclassified in the annual reconstitution of the Russell indexes. When all is said and done, about $1.3-B worth of shares will be […]
Gold and WTI Crude Oil Technical’s (Daily) $GLD, $USO Gold prices spiked again Thursday, with Spot Gold at 1,271.67, its highest since 18 May, in spite of the Buck’s strength, benefited by sour market’s sentiment. Thursday, the US major stock market indexes reversed on risk aversion, triggered by fears that the global economic slowdown may […]
A Stock Market History Lesson $DIA, $SPY, $QQQ Going back to Y 1929, the S&P 500, excluding dividends, has been unchanged on the year just 5 times; Y’s 1947, 1948, 1970, 2011, and 2015. Meaning, the success rate of hold a Neutral stance on the market in the 86 years between Y’s 1929 and 2015 […]
Commentary: Paul Ebeling on Wall Street, Bulls Vs Bears, Support & Resistance $DIA, $SPY, $QQQ, $VXX The bulk of earnings are finished, The Walt Disney Company (NYSE:DIS) is the only DJIA component that reports this week. It is May, and the time when may Wall Street traders are getting ready to head for vacations, lot […]