GE just ran up to its 40-day moving average -- a historically bearish signal for the stockShares of General Electric Company (NYSE:GE) will be ending the year deep in the red -- down nearly 58%, and set for their worst year on record. Now, the former Dow stock might be looking at even bigger losses in January. Specifically, GE shares just came within one standard deviation of their 40-day moving a...Read More
Gold closed out 2018 on a strong note, its haven demand reinvigorated by volatile trading in global equities, rising concern about the economic outlook and a drawn-out government shutdown in the U.S.Bullion futures held near a six-month high after topping $1,280 an ounce, and the metal posted its best monthly gain in almost two years. December's rally has pared an annual decline, the first full-ye...Read More
In October, the U.S. Securities and Exchange Commission (SEC) adopted a final rule that overhauls its existing disclosure requirements for mining company issuers. The new disclosure requirements replace the SEC's existing Industry Guide 7 which had not been updated in over 30 years. The final rules provide a two-year transition period so that a registrant will not be required to begin to comply wi...Read More
Netflix options volume has been heightened in recent weeks Netflix, Inc. (NASDAQ:NFLX) generated lots of buzz over the holidays, after its "Bird Box" film drew big streaming numbers and captivated the internet's attention. At last check, Netflix stock was up 2.5% to trade at $262.43 and could extend its rally into 2019, if history is any guide.But first, the FAANG name's options activity is worth...Read More
Of course, the Dow is still pacing for a yearly lossThe Dow Jones Industrial Average (DJI) has pared some of its early gains, but was last seen holding in positive territory at midday. While stocks are set to close 2018 in the red for the first time in years, traders today are cheering optimistic tweets about U.S.-China trade relations from President Donald Trump.Meanwhile, reports just surfaced t...Read More
These stocks and ETFs tend to shine in JanuaryU.S. stocks are set to wrap up their worst year since the financial crisis, with the S&P 500 Index (SPX) on pace for a 6.9% loss. However, if recent history is any indicator, several stocks and sectors could be on the verge of big gains to start 2019. Among them, UnitedHealth Group Inc (NYSE:UNH) could be a blue-chip stock that shines in January, while...Read More
The rapidly maturing VXX could be signaling SPY underperformance for the year aheadThe following is a reprint of the market commentary from the January 2019 edition of The Option Advisor, published on December 28. For more information, or to subscribe to The Option Advisor -- featuring 10 new option trades each month -- visit our online store."...while there have been a number of broad-market shoc...Read More
Near-term DB options have high premiums at the momentDeutsche Bank AG (NYSE:DB) is up 2.4% this morning at $8.24, after the company's Chairman Paul Achleitner said its turnaround effort was working and it wouldn't need to rely on government intervention or a merger. Bloomberg reported earlier this month that the German government was working on a plan to merge Deutsche with Commerzbank AG. Of cour...Read More
The e-tail giant will reportedly be expanding its Whole Foods stores next yearAmazon.com, Inc. (NASDAQ:AMZN) shares are up 2.8% to trade at $1,518.96 this morning, amid reports the e-tail giant will be expanding its Whole Foods stores next year. Amazon's aim is to put more customers in range of its Prime Now delivery service, with potential new stores in Idaho, Utah, and Wyoming, sources told The...Read More
As three of the most popular posts in 2018 on MINING.com cover battery materials, it is evident that the attention of the mining industry has shifted. As always, reads for the gold market follow closely behind.Interestingly enough, our 3rd place article on the list of top 10 reads was first published at the start of 2017. You know it's a good read when a story makes the list two years in a row.#...Read More
Early investors could see a windfall as this invention unlocks $15.7 trillion in revenue.It's been called humanity's last invention...The "king of disrupters."And "the most important conversation of our time."Insiders are already predicting it will have a bigger economic impact than the steam engine, electricity and the internet...The World Economic Forum claims it will usher in the "4th industria...Read More
This could be BABA's worst quarter in two yearsThe shares of Alibaba Group Holding Ltd (NYSE:BABA) are up 2.3% this morning at $142, after the company settled its class-action lawsuit in California. The Chinese e-commerce concern will have to pay $75 million through insurance payouts to settle a dispute initiated back in 2015. Despite the upside today, it's been an ugly end to 2018 for Alibaba s...Read More
President Trump over the weekend tweeted about progress in trade talks with ChinaFutures on the Dow Jones Industrial Average (DJI) are trading above fair value, signaling a positive New Year's Eve session. There's almost nothing on the docket today, save the Dallas Fed manufacturing survey, though some traders are focusing on upbeat trade comments from President Donald Trump over the week. Specifi...Read More
Is it time to prepare for the next financial crisis?Something strange is going on in the financial system.And according to The Wall Street Journal, it's causing some investors- including the biggest banks in the world- to move massive amounts of money out of the banking system.What exactly is going on?Former hedge fund manager, Dr. Steve Sjuggerud, one of the most widely-followed financial analys...Read More
The market's bear market status is debatable, but support at the 160-week isn't"If you're a long-term investor, and have stayed pat, you're hoping that this is 1987, 1990, 2011, or 2016, when the decline to the 160-week moving average was the end of 'it.'... A weekly SPX close that is significantly below the 160-week moving average should be the first warning of prolonged, serious downside to come...Read More
Please Note: US markets are closed tomorrow for New Year's Day. CloseGain/LossGold $1282.20+$2.20Silver$15.47+$0.10XAU70.66+1.41%HUI160.58+1.54%GDM588.56+1.55%JSE Gold1375.75+7.84USD96.14-0.24Euro114.59+0.12Yen91.23+0.39Oil$45.41+$0.0810-Year2.683%-0.036T-Bond146.125+0.59375Dow23327.46+1.15%Nasdaq6635.28+0.77%S&P2506.85+0.85% The Metals: Gold gained $4.10 to $1284.10 in London before it d...Read More
By David HaggithThe world is descending into intellectual chaos. Read El Erian in the following linked article, and then come and back tell me we have not moved into madness:El-Erian: 1000-Point Swings In The Dow Are The "New Reality"There is clearly a tooth missing in one of the gears in El-Erian's brain. How do you make this statement ...[A recession] is certainly not becoming a reality. You n...Read More
My Two CentsBy Andy Sutton / Graham Mehl This article was originally written by Andy Sutton on 7/24/2009; roughly 4 months after the markets bottomed from the 2008 blowout. Anything 'new' will be bolded. The 'Two Cents' series at the time was going through something of a post mortem of the meltdown and trying to give people a 'reset' so to speak regarding what was true and what wasn't. People f...Read More
By Clint SiegnerIt's amazing what passes as a market these days.Stocks rallied during the Christmas week, and the mainstream financial press would like you to believe bargain hunters swooped in after the weeks of heavy selling to grab some deals. The truth is there are very few actual people still evaluating the merits of publicly traded companies.The markets are driven by programmed trading and...Read More
By Frank HolmesStrengthsThe best performing metal this week was silver, up 5.15 percent, finally getting some respect as it approaches its 200-day moving average. Hitting six-month highs this week, money managers are the most bullish they've been on gold in months. Gold has been a beneficiary of the volatility experienced in global equities this week. Bloomberg reports that gold priced in the Br...Read More