War of Will cruised to victory in the 2nd leg of the Triple Crown Saturday. War of Will navigated a start from the 1 post that saw Bodexpress rear up out of the starting gates and dismount jockey John Velazquez to the dirt and then used the rail to his advantage en route to victory […]
Letting teenagers know they are being manipulated by food marketers may be a simple way to encourage healthier eating, according to research from the University of Chicago Booth School of Business. Many of the leading chronic diseases threatening human health, such as heart disease, cancer and diabetes, are the result of poor dietary choices. These […]
“Small things make perfection, but perfection is no small thing.” This statement by Sir Henry Royce, co-founder of the Rolls-Royce company – fits just as perfectly to describe the spectacular weekend of Concorso d’Eleganza Villa d’Este as it matches the values that drive the main sponsor of the event: A. Lange & Söhne. The German […]
Jason Poston, Emerging Comedy Great Debuts at The Hollywood Fringe Festival In my interview with Jason last week, he described himself as “A cross between Clint Eastwood and Ty Burrell—or Ted Knight, if you like.” His character Colt McCoy, the legendary gunfighter who comes to save the day in the new Four Clowns production SHAKEDOWN […]
FLASH: The conservatives aka the Liberal party in Australia pulled off a stunning upset in the national elections Saturday. The leader of Australia’s opposition Labor Party, Bill Shorten, has accepted defeat in a shock result for the country’s federal elections. The ruling centre-right coalition led by Prime Minister Scott Morrison looks set to return to […]
The term “Blue Moon” is most often associated with a month containing 2 full moons. Not happening this month, and yet 18 May brings a Blue Moon according to rules drawn up by an Almanac editor nearly a 100 yrs ago. This year, the Vernal Equinox occurred at 5:58p EDT (2158 GMT) on 20 March […]
FLASH: Cannes Film Festival draws the who’s who of the film industry, along with their Superyachts, as 10 of the largest have been spotted on the French Riviera. The Cannes Film Festival unofficially is the opening of Superyacht season in France. The annual event 1 of the season’s destinations for many of the world’s wealthiest […]
Netflix, Inc. (NASDAQ:NFLX) facing a unique new challenger in Walt Disney Netflix (NASDAQ: NFLX) stock has been one of the best-performing names for the past decade. Netflix stock is up more than 6,000% since 2009, and the company’s long-term growth outlook is as strong as ever. However, this year, Netflix is facing a unique new challenger in […]
$RACE FLASH: Ferrari Portofino is a work of art and is an upgrade on the California Charles Fleming of the LA-T’s SoCal driving impressions are as follows: Being a Ferrari is like being a superstar entertainer or an elite athlete. If you do everything perfectly, no one really notices. But have one bad day and […]
$TSLA Tesla (NASDAQ:TSLA) sank to a 2-year low after CEO Elon Musk told employees that effective immediately he and the fledgling EV maker’s new CFO will be scrutinizing every dollar the company spends in a “hardcore” focus on costs. Almost laughable if not so futile attempt to stop the bleeding there. In an e-Mail to […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: This economic expansion is set to become longest in US history, according to the latest leading-indicators data. The Conference Board Leading Economic Index (LEI) for the US increased 0.2% in April to 112.1, following a 0.3% increase in March, and a 0.2% increase in February. “The US LEI rose […]
US consumer sentiment spiked to the strongest marks since Y 2004 on a surge in economic expectations following an unexpectedly strong report on first quarter growth. The University of Michigan’s preliminary sentiment index rose to 102.4 in May, topping all estimates in a survey of economists who had projected the gauge would hold at 97.2. 5 years […]
Amazon.com, Inc. (NASDAQ:AMZN) crushed Q1 views, but sales growth has been slowing The Leaderboard stock is chasing a 1964.50 buy point. Shares climbed 2% to finish at 1,907.57 on the stock market today. Amazon stock found support at its 50-day moving average earlier this week. The e-commerce giant’s relative strength line, which tracks a stock’s performance vs. the S&P […]
Elon Musk suffered a brutal rebuke this week after major Tesla investor T. Rowe Price revealed that it had dumped 81% of its Tesla, Inc. (NASDAQ:TSLA) stock T. ROWE PRICE UNLOADS TESLA SHARES – AND IT’S NOT ALONE T. Rowe Price held just 1.7 million shares of Tesla on March 31 this year, down substantially from the […]
Dow Jones Industrial Average (.DJI) looks set for a positive open Global stocks traded lower across the board Thursday, although U.S. stocks look set for a positive open, as investors reacted to a series of moves by President Donald Trump, including the blacklisting of China’s Huawei Technologies from doing business with the United States, that […]
NASDAQ Composite (.IXIC) strong economic data U.S. stock indexes rose 1 percent on Thursday and were on pace to extend a two-day winning streak,lifted by better-than-expected earnings from Cisco and Walmart,and robust economic data that underscored the strength of the domestic economy. Cisco Systems Inc CSCO.O rose 6.1%, the most among the S&P and the […]
Alibaba Group Holding Limited (NYSE:BABA) earnings report highlights Alibaba said it expects revenue for the full fiscal year ending in March 2020 to top 500 billion yuan, which will be a 33% year-on-year increase. Net income attributable to ordinary shareholders rose to 25.83 billion yuan, from 7.56 billion yuan in the same period a year […]
United States Oil (USO) prices are delicately balanced between competing forces Oil prices have generally tracked risk appetite so far this week, dropping sharply on Monday before recovering over the last three days. Wednesday’s rally was supercharged by escalating geopolitical tensions in the Middle East; when asked whether the U.S. would go to war with […]
Apple Inc. (NASDAQ:AAPL) could eat the cost and leave iPhone prices untouched For more than a year, Apple Inc. avoided major damage from the U.S. trade war with China, thanks in part to a White House charm offensive by Chief Executive Officer Tim Cook. But the company now faces its first major hit — from […]
Facebook, Inc. (NASDAQ:FB) stock has too many headwinds User growth is not the end-all and be-all for Facebook (NASDAQ:FB) . Just as Snap Inc (NYSE:SNAP) didn’t crash and burn because its user growth was slipping by a few percentage points year-over-year, Facebook stock won’t rally by 30%-50% because it is is managing to increase its […]
When Will Bitcoin: USD/BTC (BTC=X) Price Correct After Biggest Rally of 2019? Starting on April 2nd, 2019, Bitcoin took off on a rocket toward $5,000 and never looked back. Since then, the first ever cryptocurrency has revived the bull market by breaking back above $6,000 without a second thought, smashing through $7,000, and reaching above […]
Key points: Bob Hawke was prime minister from 1983 to 1991, making him the longest-serving Labor PM He is survived by wife Blanche d’Alpuget, and his three children — Susan, Stephen and Rosslyn Current party leader Bill Shorten said Mr Hawke was the labour movement’s “greatest son” Bob Hawke, one of Australia’s greatest prime ministers, […]
Shanghai: SSE Composite Index (.SSEC) snaps two-day losing streak There is a paradox in China’s world-beating stock rally this year: defensive plays are turning out to be the best performers. While Chinese stocks have technically been in bull market territory this year following a 20 per cent gain in the Shanghai Composite Index, safe bets […]
British Pound: USD/GBP (GBP=X) Influencing Events The Sterling investors wait for the BOE’s Jonathan Haskel comments over the UK’s economic conditions. Haskel’s statements might find some impact on the pair laterwards as this is the only event for GBP today. The USD-specific events have occupied mainly the primary space in the event calendar than the […]
$RACE Italian luxury sports-car maker Ferrari (NYSE: RACE) said that its Q-1 operating income rose 11%, to EUR 232-M on strong demand for its V8-powered Portofino convertible and a jump in China deliveries ahead of new emissions regulations. The Numbers Metric Q-1 2019 Change Vs Q-1 2018 Revenue 940-M euros 13% Vehicles shipped 2,610 23% […]
Euro: USD/EUR (EUR=X) slips as USD rebounds, Deutsche Bank eyes further losses The Euro ceded ground to a resurgent Dollar Thursday but could have a way further to fall over the coming months, according to the latest strategy note from analysts at Deutsche Bank, who advocate betting against the single currency through the summer months. Europe’s […]
Gold 1 OZ (XAU=X) consolidation at $1,300 The upward movement of gold paused when it tested the $1,300 resistance. At the current time, the price is in consolidation mode and hovering near the resistance. We expect the precious metal to bounce up and down near $1,300 until breakout happens. If gold could move down and […]
Japanese Yen: USD/JPY (JPY=X) broken down through two major retracements of this year’s rise The Japanese Yen’s current backstory is of course fundamental, with risk aversion stemming from increased US-China trade tensions supporting what is, after all, perhaps the quintessential anti-growth currency play. The US Dollar has haven appeal too, of course, but the Japanese […]
Hong Kong: HANG SENG INDEX (.HSI) confidence was shaken after the U.S. government hit Chinese telecoms giant Huawei with severe sanctions Hong Kong stocks ended flat on Thursday, as confidence was shaken after the U.S. government hit Chinese telecoms giant Huawei with severe sanctions. The Hang Seng index was nearly unchanged at 28,275.07, while the […]
Australia: S&P/ASX 200 (.AXJO) recovering from early weakness The Australian share market has recovered from early weakness to finish higher, with every sector rising except banking as Westpac traded ex-dividend. The benchmark S&P/ASX200 index hit its highest level in the final minutes of trade to close up 43.6 points, or 0.69 per cent, to 6,327.8 […]
Silver 1 OZ 999 NY (XAG=X) no reaction near $14.80 Silver traded sideways near the $14.80 resistance and there is not much reaction seen yet. Traders could expect the price to continue its consolidation near the resistance until it reaches the top of the channel. Next direction of silver will depend on the reaction near […]
Overseas investors in Singapore: STI Index (.STI) are selling out at the fastest rate in almost a decade Overseas investors in Southeast Asian stocks are selling out at the fastest rate in almost a decade, as key markets in the region get caught up in the escalating trade war. A group of U.S.-listed exchange-traded funds […]
Australian Dollar: USD/AUD (AUD=X) now the most important domestic data release when it comes to the outlook for RBA policy rates In what’s fast becoming a familiar theme, the Aussie weakened against all major crosses except the British pound during the session, failing to garner any support despite a further modest improvement in investor risk […]
$HD Billionaire businessman Ken Langone said President Trump is “doing the right thing” by increasing tariffs on China. “It’s got teeth,” the co-founder of Home Depot (NYSE:HD) said Thursday. “The only way you’re going to get somebody to a table for negotiations is when they have something to lose,” said Mr. Langone, also the founder of […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: Stocks advanced for 3rd day running, driving S&P 500 back above its 50-Day MA, a Key technical mark. Nobel Prize-winning economist Robert Shiller warns that the US-China trade war is not over from disrupting financial markets just because stocks rallied after diving earlier in the week. “I think […]
Border security has to be part of immigration reform or else “every town is a border town and every state is a border state,” Senator Marsha Blackburn (R-TN), said Friday in a TV interview In the interview Blackburn, a member of the Senate Judiciary Committee, applauded President Trump’s proposed immigration plan,and well as legislation to deal […]
Saturday, US diplomats warned that commercial airliners flying over the wider Persian Gulf faced a risk of being “misidentified” amid heightened tensions between the US and Iran. The warning relayed by US diplomatic posts from the Federal Aviation Administration (FAA) underlined the risks the current tensions pose to a region Key to global air travel. […]
$GOOGL, $AMAT, $JD, $MRVL, $MXL, $WLK, $ZG Daily HeffX-LTN reviews dozens of the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of The Street’s Key analysts outlook for Key issues for Thursday follows: Alphabet Inc. (NASDAQ:GOOGL): Analysts reiterated GOOGL a Buy […]
Vystar Corporation (OTC:VYST) Trading Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 0.05. The projected upper bound is: 0.06. The projected lower bound is: 0.02. The projected closing price is: 0.04. Candlesticks A black body […]
NaturalShrimp Incorporated (OTC:SHMP) Trading Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 0.26. The projected lower bound is: 0.12. The projected closing price is: 0.19. Candlesticks A white body occurred (because prices closed higher than they opened). During the past […]
United States Oil (USO) risks of a slower global economy due to trade wars is acting as a counterweight on crude If not for the trade war, both oil and gasoline prices could be much higher than they are now on rising tensions between the U.S. and Iran. Analysts say oil could be more than […]
Tianci International, Inc. (OTC:CIIT) Trading Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 3.73. The projected lower bound is: 2.14. The projected closing price is: 2.94. Candlesticks WARNING: These prices only contain closing prices. Thus, the candlestick analysis in this […]
A Closer Look at Facebook, Inc. (NASDAQ:FB) Stock Why such a cavalier attitude toward the billion-dollar fines, one might ask? Well, the quarterly results say everything. Facebook generated over $15 billion in revenue in the quarter. They grew it 26 percent year-over-year. Even adjusting for a $3 billion legal expenses (FB was smart to account […]
GEX Management, Inc. (OTC:GXXM) Trading Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 0.00. The projected lower bound is: -0.00. The projected closing price is: 0.00. Candlesticks A black body occurred (because prices closed lower than they opened). During the […]
Alibaba Group Holding Limited (NYSE:BABA) Company forecasts fiscal 2020 revenue growth of at least 33% Alibaba Group Holding Ltd. posted sales and earnings that topped estimates as the Chinese e-commerce giant overhauled shopping recommendations to defy a slowing economy. Revenue climbed to 93.5 billion yuan ($13.6 billion) in the three months ended in March, about […]
Dow Jones Industrial Average (.DJI) made a sudden recovery after the Trump administration schemed to salvage the embattled U.S.-China trade deal The Dow and broader U.S. stock market erased early losses Wednesday amid reports that the Trump administration was planning to send an envoy to Beijing to resume high-stakes trade negotiations. DOW MAKES SURPRISE RECOVERY; S&P 500, […]
The rally in Apple Inc. (NASDAQ:AAPL) stock has faded, and rising risks should add to the pressure The case against Apple (NASDAQ:AAPL) is reasonably simple. Yes, Apple stock looks reasonably cheap. But given that earnings are potentially at a peak, AAPL shares shouldbe cheap. Not only that, it can still get even cheaper. It’s a case I’ve […]
LifeApps Brands Inc. (OTC:LFAP) Trading Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 0.17. The projected lower bound is: 0.07. The projected closing price is: 0.12. Candlesticks A white body occurred (because prices closed higher than they opened). During the […]
Federal National Mortgage Association (OTC:FNMA) Trading Outlook Overall, the bias in prices is: Upwards. The projected upper bound is: 2.85. The projected lower bound is: 2.41. The projected closing price is: 2.63. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 5 white candles […]
NASDAQ Composite (.IXIC) reclaimed some of the ground lost U.S. stocks on Tuesday reclaimed some of the ground lost in the prior day’s steep sell-off, with tariff-sensitive technology stocks leading the S&P 500 and the Nasdaq higher as investors were heartened by a tonal shift in U.S.-China trade rhetoric. All three major U.S. indexes closed […]
Alphabet Inc. (NASDAQ:GOOG) Target $1300 Deutsche said Alphabet has one of the “best” ad product pipelines. “We increase our estimates and confidence in the medium-term outlook for Alphabet shares coming out of the Google Marketing Live keynote in San Francisco, where we see an accelerating pace of new ad product making us meaningfully more confident in the 2020 outlook. […]
Tesla, Inc. (NASDAQ:TSLA) waning demand threatens to shrink sales Tesla investors are having a forgettable year as the stock has made them poorer by more than 30%. The Elon Musk-led company’s stock fell to two-year lows earlier this week. But independent investment banking advisory firm Evercore ISI believes that the bloodbath isn’t done yet and […]
Toga Limited (OTC:TOGL) Trading Outlook Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 0.89. The projected upper bound is: 1.02. The projected lower bound is: 0.84. The projected closing price is: 0.93. Candlesticks A big black […]
YBCC, Inc. (OTC:YBAO) Trading Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 0.42. The projected lower bound is: 0.05. The projected closing price is: 0.24. Candlesticks WARNING: These prices only contain closing prices. Thus, the candlestick analysis in this expert […]
Warren Buffett’s Berkshire Hathaway’s Amazon.com, Inc. (NASDAQ:AMZN) position has finally been revealed Warren Buffett’s Berkshire Hathaway’s Amazon.com, Inc. (NASDAQ:AMZN) position has finally been revealed, and it’s pretty sizable. According to the 13F data, Buffett’s company had 483,300 shares wroth of Amazon worth around $860.6 million at the end of March. While it’s a relatively big position for […]
Bitcoin: USD/BTC (BTC=X) new 2019 high for the biggest cryptocurrency Another day, another new high for the bitcoin price. Bitcoin is currently trading at nearly $8,300, which according to CoinMarketCap data is a new 2019 high for the biggest cryptocurrency. On Coinbase, the BTC price already attained $8,300 though it has pulled back slightly. While it’s […]
Ironclad Encryption Corporation (OTC:IRNC) Trading Outlook Overall, the bias in prices is: Downwards. By the way, prices are vulnerable to a correction towards 0.06. The projected upper bound is: 0.04. The projected lower bound is: -0.01. The projected closing price is: 0.02. Candlesticks A white body occurred (because prices closed higher than they opened). During […]
HO TRAM, Vietnam (May 16, 2019) – A seasoned professional with substantial luxury hospitality experience in Europe and Asia and an enthusiasm for employee development and relations has been appointed to the helm of the new five-star Meliá Ho Tram Beach Resort. Spanish-born Manuel Ferriol is spearheading the opening of the 17-hectare beachfront property at Ho […]
$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Flat, USD Flat, Crude Oil Up, Stocks Mixed Notes: Long term prospects for EUR are not bright, given the region’s soft economic fundamentals. But the news on the auto tariff delay is helping the single currency establish support at $1.1200 Growth in China’s industrial output slowed […]
As more and more states vote to allow the legal use of MM (medical marijuana) the Key question on patients’ minds is how best to take the healing herb. Available delivery methods produce very different results, and these vary from person to person, too. The common ways to ingest cannabis include the following: Smoking Vaporizing […]
$RACE Maranello (Italy), 13 May 2019 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) announces that under the common share buyback program announced on 28 December 2018 (the “Initial Program”), the Company has purchased additional common shares – reported in aggregate form, on daily basis – on the Italian Stock Exchange (MTA) as follows: TradingDate(dd/mm/yyyy) […]
$RACE The shareholder make up of Ferrari (NYSE:RACE) tell us a lot about the company and which group is most powerful. Institutions often own shares in longer established companies, and it is not unusual to see insiders own a fair bit of smaller companies. Shayne and I like Ferrari because it is a business with […]
$XAU, $GLD, $XAUUSD FLASH: Strong US economic growth and subdued inflation mean there is no strong argument for a rate hike or cut right now, though business confidence is fragile, a Fed policymaker said Wednesday. “There’s not a strong case to push rates higher when inflation is under control; there’s not a strong case to […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: S&P 500, NAS Comp, and SOX rebounded to their 50-Day MAs. A strong price move, but the potential Head & Shoulders pattern has not been defeated yet. Stocks rebound from early losses following positive US trade headlines, President Trump expected to delay auto tariff decision by up to […]
Hong Kong: HANG SENG INDEX (.HSI) stocks bounce as they recovered partially from Monday’s sharp losses Shares in Asia were higher on Wednesday following an earlier slump this week as trade tensions between the U.S. and China escalated. Mainland Chinese shares advanced on the day, with the Shanghai composite adding 1.91% to 2,938.68 and the […]
Australian Dollar: USD/AUD (AUD=X) remains pressured despite a modest improvement in investor risk appetite The Australian dollar remains pressured with traders paying scant regard to a modest rebound in stocks and commodities on Tuesday. With the exception of the Japanese yen and British pound, the movements in the AUD elsewhere were negligible despite renewed confidence […]
Gold 1 OZ (XAU=X) remained below the psychologically significant price of $1,300 Gold prices finished modestly higher Wednesday, although remained below the psychologically significant price of $1,300, as benchmark U.S. stock indexes shook off earlier losses to move up by the time gold futures settled. The precious metal saw support “as tensions increased with Iran, […]
Shanghai: SSE Composite Index (.SSEC) stocks gain Markets eased today as President Donald Trump called the US-China trade war “a little squabble” and tweeted that the deal would happen “much faster than people think.” The hope that China may boost the slowing economy with a fresh fiscal stimulus also pushed the markets up. China’s Shanghai Composite Index rose 1.91% […]
British Pound: USD/GBP (GBP=X) fell rather hard The British pound initially tried to rally during the trading session on Wednesday but fell rather hard. We had broken through the most recent low at the 1.2850 level, and now it looks as if we are going to continue to go lower. The 1.28 handle will be targeted, […]
Silver 1 OZ 999 NY (XAG=X) expected to “explode” if the right trigger hits the market A series of lower highs off the February 20 high print dominates Silver’s chart and suggests lower prices ahead. Silver currently changes hands at $14.82 and is under pressure from a technical perspective, as it trades below all three […]
Australia: S&P/ASX 200 (.AXJO) upbeat comments from US President Donald Trump soothed investors’ nerves Australian shares rebounded firmly on Wednesday, recovering almost all their losses from the previous session, as upbeat comments from US President Donald Trump soothed investors’ nerves. The S&P/ASX 200 Index rose 44.3 points, or 0.7 per cent, to 6284.2 while the broader […]
Japanese Yen: USD/JPY (JPY=X) posted four straight winning weeks, possible consolidation phase USD/JPY is almost unchanged on Wednesday. In the North American session, the pair is trading at 109.57, down 0.03% on the day. There are no major Japanese events. In the U.S., retail sales and core retail sales both missed expectations. On Thursday, the […]
Euro: USD/EUR (EUR=X) sits at one-week low after GDP boost as trade risks weigh The Euro was languishing at a one-week low Wednesday after official figures confirming a pickup in the economy during the first-quarter failed to inspire a bid for the single currency, with the data coming as major banks continue to downgrade their […]
Singapore: STI Index (.STI) U.S. President Donald Trump’s upbeat remarks on Sino-U.S. trade talks helped repair bruised optimism Most Southeast Asian stock markets advanced on Wednesday, following a firmer finish on the Wall Street, as U.S. President Donald Trump’s upbeat remarks on Sino-U.S. trade talks helped repair bruised optimism. All three major U.S. stock indexes […]
$AVGO, $BURL, $KO, $CAG, $CBY, $CTMX, $ISRG, $JMIA, $MNKD, $ROST Daily HeffX-LTN reviews dozens of the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of The Street’s Key analysts outlook for Key issues for Wednesday follows: Broadcom Inc. (NASDAQ:AVGO):analysts reiterated AVGO […]
Alphabet Inc. (NASDAQ:GOOG) fell after Morgan Stanley analysts write that the stock will likely continue to sink in the short term Google parent company Alphabet was down 1% Tuesday after Morgan Stanley analysts warned the stock will continue to deteriorate in the short term. The drop shaved more than $8 billion from Alphabet’s market cap, […]
Tesla, Inc. (NASDAQ:TSLA) reached a $US13 million settlement on May 10 with former contractor Teodora Tapia Tesla reached a $US13 million settlement on May 10 with former contractor Teodora Tapia, who was left “permanently disabled” after being hit by a Model S sedan, according to Parris Law Firm, which represented Tapia. A Tesla representative told […]
United States Oil (USO) API reportedly showed a stockpile increases of 567,000 barrels The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 8.6 million barrels for the week ended May 10, according to sources. The API also reportedly showed a stockpile increases of 567,000 barrels in gasoline and 2.2 million barrels […]
Facebook, Inc. (NASDAQ:FB) could be subject to 20 years of government oversight Facebook could be subject to 20 years of government oversight as part of a potential agreement with the U.S. government, according to a source familiar with the discussions who spoke to Reuters. Overall, the bias in prices is: Upwards. The projected upper bound […]
Traders appear to be taking profits in Alibaba Group Holding Limited (NYSE:BABA) ahead of earnings While the options market saw higher call activity ahead of the e-commerce company’s earnings report Wednesday morning, generally a bullish signal, most of those calls were actually being sold — a sign that traders might be getting cold feet ahead […]
Apple Inc. (NASDAQ:AAPL) Trade War Impact? Apple is currently safe from President Donald Trump and his administration’s decision to increase tariffs on $200 billion worth of Chinese products. Trump last Friday officially increased tariffs to 25% from 10% as the world’s two largest economies try to navigate toward a trade war resolution. Since then, the […]
Dow Jones Industrial Average (.DJI) regained some of its bullish form U.S. stocks closed higher Tuesday as the market regained some of its bullish form, a day after a sharp escalation in U.S.-China trade tensions triggered the worst session for major indexes since early January. The start of the week was marked by a ramp-up […]
NASDAQ Composite (.IXIC) trade worries remain a cloud over Wall Street The Nasdaq composite and small-cap stocks led a bounce on Wall Street Tuesday, but the stock market made up less than half of the prior day’s losses. The Nasdaq rose 1.1%, the S&P 500 gained 0.8%, and the Dow Jones Industrial Average tacked on […]
Twitter, Inc. (NYSE:TWTR) entering a new chapter with a recent surge above a potential buy point After a much-hyped IPO in November 2013, social media giant Twitter (TWTR) has struggled to maintain any significant stock price appreciation. But the company may be entering a new chapter with a recent surge above a potential buy point. Twitter stock is […]
Bitcoin: USD/BTC (BTC=X) surged hitting its highest mark since last July Bitcoin just surged past $8,000 on Tuesday, hitting its highest mark since last July. It tapered off slightly by mid-afternoon, but is still trading at its highest level in nearly a year. What’s going on? Bullish experts say the strong showing could signal that […]
$GLD, $SLV, $USD, $USO, $OIL, $WEAT, $CORN, $SOY FLASH: Gold Steady, USD Steady, Crude Oil Off, Stocks Up Notes: The FX (foreign exchange) market showed little reaction to worse-than-expected growth in Chinese industrial output and retail sales for April that underlined the need for Beijing to roll out more stimulus measures to support the world’s 2nd-largest […]
Cannes conjures images of Red carpets and celebrities, but Cannes is more than just the annual film fest it hosts. Once a seaside fishing village, Cannes has evolved into a glamorous travel and social destination with a reputation for beauty and luxury. This French Riviera town has become famous for its glorious location, shopping, weather, […]
$RACE FLASH: We will see this Supercar on 31 May, stay tuned… Ferrari (NYSE:RACE) has confirmed that it will debut its newest hybrid model that pack 986 bhp (1,000 PS or 735 kilowatts), according to our invitation to the 31 May unveiling in Maranello. The Maranello Outfit’s execs have been leaking small details about the […]
Australia: S&P/ASX 200 (.AXJO) plummeted after renewed concerns about US-Chinese trade tensions The Australian share market has plummeted after renewed concerns about US-Chinese trade tensions led to large losses on Wall Street overnight. The benchmark S&P/ASX200 index was down 57.7 points, or 0.92 per cent, to 6,239.9 points at 1615 AEST on Tuesday, while the […]
Silver 1 OZ 999 NY (XAG=X) failed to follow gold higher SILVER PRICES failed to follow gold higher again on Tuesday, missing out on a gain for the 4th session running as gold slipped $5 from an overnight pop to $1300 per ounce amid worsening US-led trade war with Europe and China. Chinese manufacturers of solar-energy […]
Australian Dollar: USD/AUD (AUD=X) could weaken further Vastly improved downward momentum suggests AUD could weaken further but 0.6910 could be just out of reach for now. The anticipated weakness in AUD exceeded our expectation as it not only cracked 0.6970 but also the strong level of 0.6950 (overnight low of 0.6941). The vastly improved downward […]
Shanghai: SSE Composite Index (.SSEC) shares fell as tensions between the United States and China intensified Shares in Asia were lower on Tuesday, a day after Beijing raised tariffs on some American goods in retaliation for Washington’s decision last week to increase duties on Chinese products. Mainland Chinese shares slipped on the day, with the […]
Japanese Yen: USD/JPY (JPY=X) next support at 108.70 USD could dip below but is unlikely to challenge the next support at 108.70. The sudden lurch lower in USD came a surprise as it cracked the strong 109.30 support and came close to taking out the next support at 109.00 (overnight low of 109.01). Despite the […]
Hong Kong: HANG SENG INDEX (.HSI) leads Asia stocks lower Asia Pacific stocks fell Tuesday, on the heels of a 2% drop at the start of the week for U.S. markets. Many indexes bounced off opening lows in early trading, with Japan’s Nikkei cutting its early losses by two-thirds as the trading day ramped up. […]
Singapore: STI Index (.STI) saw red as the trade war between China and the United States threatened to spiral out of control Asian markets saw red yesterday as the trade war between China and the United States threatened to spiral out of control, with both upping the ante. Bourses in Hong Kong, China and Japan […]
British Pound: USD/GBP (GBP=X) could dip below 1.2930 GBP could dip below 1.2930 but next support at 1.2900 could be just out of reach. Expectation for GBP to trade sideways yesterday was incorrect as it reversed quickly after touching 1.3040. While the sharp and swift drop to an overnight low of 1.2942 appears to be […]
Euro: USD/EUR (EUR=X) weakness is expected to face solid support at 1.1205 Intraday risk is tilted to the downside but expect strong support at 1.1205. EUR traded between 1.1220 and 1.1265 yesterday, close to our expected sideway trading range of 1.1215/1.1265. The rapid set-back from 1.1265 has weakened the underlying tone and the intraday risk […]
Gold 1 OZ (XAU=X) bulls in a much better technical posture Gold prices are slightly lower in early-morning U.S. trading Tuesday. Prices did poke to a four-week high overnight. The yellow metal is seeing a normal corrective pullback following Monday’s good gains, which put the bulls in a much better technical posture. June gold futures […]
$DIA, $SPY, $QQQ, $RUTX, $VXX, $BAC, FLASH: Global investors’ equity allocations fell 6% in May and 34 % of fund managers have taken out protection against sharp stock market declines in coming months, Bank of America Merrill Lynch’s (NYSE:BAC) latest monthly survey found Tuesday. The proportion of investors preparing for equity falls is the highest […]
FLASH: President Trump is bringing the Fed into the US-China trade war. Tuesday, President Trump called on the Fed to “match” what he said China will do to offset economic hardship being caused by tariffs. “China will be pumping money into their system and reducing interest rates, as always, in order to make up for […]