(March 18, 2020)Before we look at tonight's charts I would like to take a minute and explain to our new members how we manage the different portfolios. We have 3 different portfolios, the Kamikaze, Leveraged and the PM Stocks Trade portfolios with each having $100,000. That $100,000 in each portfolio is then broken down into $5000 increments for each trade giving us a total of 20 trades for each...Read More
By: Gary Savage As I have said before, this will form a final 4-year cycle low, a bounce, then retest of the lows again but then..https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold $200 an ounce from the highs. Liquidity needs. Technically speaking, PAY ATTENTION: ranges are starting to narrow, innately -- but volatility is being taken out:Read More
The U.S. dollar has been one of the few big winners lately, but this is hardly a good thing. If the greenback continues to strengthen, it will hurt U.S. multinationals whose overseas revenues are reckoned in currencies that would be falling. In addition, all who owe will need to repay their loans in dollars more dear than at the time they were borrowed. And it will sink prices for a broad vari...Read More
I had mentioned long before that there will be a big disconnect between future price of gold and silver and physical price of gold and silver. Yesterday physical price of silver was much higher than silver future. One three reasons why I have been telling to only invest in physical gold and physical silver for your retirement. Physical silver price was much higher than future price. One can trad...Read More
There will also be updates on the coronavirus outbreak to monitorEven though life for Americans has ground to a halt amid the coronavirus outbreak, the economic agenda still has plenty to offer investors next week. The final fourth-quarter gross domestic product (GDP) reading will be the highlight, as well as earnings reports from the likes of Nike (NKE) and Micron Technology (MU). And if that's...Read More
A resurgent tech sector powered today's rallyThe Dow rebounded from a three-year low today, spearheaded by big gains in the tech sector. Although the triple-digit win was modest in comparison to the roller-coaster volatility seen in recent weeks, the blue-chip index didpare a 700 point deficit at its session lows, and hold on to the psychologically significant 20,000 level. The S&P 500 and Nasdaq...Read More
President Trump said Gilead's coronavirus treatment appears to have positive resultsWhile most stocks have bottomed out as the inescapable coronavirus-sparked selloff rages on, biotech name Gilead Sciences, Inc. (NASDAQ:GILD) has been a notable outperformer. The stock is up 3.4% at $82.12 and earlier hit a two-year high of $85.97 after U.S. President Donald Trump said the drugmaker's experimental...Read More
The brokerage bunch is still bullish on AMATIt's been quite a day for Apple (AAPL) supplier Applied Materials, Inc. (NASDAQ:AMAT). The stock opened lower out of the gate, only quickly pare those losses and pivot higher. At last check, AMAT was up 2.7% to trade at $39.96, but still faces a steep uphill climb out of its 2020 losses.More specifically, Applied Materials stock is down 34% year-to-date...Read More
Peloton's 40-day moving average has acted as pressure on the charts since early FebruarySince plummeting past the $18 region late last week, shares of Peloton Interactive Inc (NASDAQ:PTON) have been huffing and puffing -- trying to gain any sort of traction as markets become increasingly volatile. While the equity managed to string together four straight wins since last week's selloff, a price tar...Read More
Stocks fell toward deeper lows this morningAfter a morning deep in the red for major indexes, the stock market is making a swing higher midday. The Dow Jones Industrial Average (DJI), down over 700 points at its session lows, is up 270 points at last check. The S&P 500 Index (SPX) and Nasdaq Composite (IXIC) are also in the black, boosted by FAANG giants Facebook (FB) and Netflix (NFLX). April-da...Read More
No fewer than nine analysts have lowered their price targetsDiscount retailer Five Below Inc (NASDAQ:FIVE) is surging 7.5% at $57.62 this morning, climbing on the heels of an impressive quarterly report, though earlier it bottomed near $47.53. The retail company posted earnings of $1.97 per share, higher than Wall Street's estimate of $1.94. However, the company's reported revenue of $687.13 milli...Read More
The reason for Hertz's bounce-back isn't clear Hertz Global Holdings Inc (NYSE:HTZ) seems to be skipping out on the selloff the car rental sector is currently experiencing as restrictions put in place amid coronavirus concerns severely limit travel. The stock is now up 17.46% at $3.97, though the reason for this massive pop is not quite clear. This surge comes just one day after the equity hit an...Read More
CARS stock has dropped spectacularly as consumers assess needs during the crisisAs the coronavirus pandemic continues to ravage the global market, consumers still have transportation needs for the time being. However, that hasn't helped Cars.com Inc (NYSE:CARS) which sits near the bottom of the New York Stock Exchange (NYSE) today, without any clear catalyst. Currently, CARS shares are down 15% t...Read More
Weekly jobless claims soared past Wall Street's expectations Dow Jones Industrial Average (DJI) futures are sliding toward even more steep losses today, following the index's first close below 20,000 in over three years last night. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) are also exploring even more lows this morning, while the 10-year Treasury yield continues to surge....Read More
Bob Moriarty ArchivesMar 19, 2020Every time the price of gold and silver go down in a big way, the manipulation/conspiracy crowd come creeping out of their rat holes to start preaching about naked short selling and a disconnect between physical metals and paper markets. As you will see, both issues tend to reveal how little these guys understand about how markets and people work in the real world....Read More
Peter Schiff, President and CEO Euro Pacific CapitalOn Wednesday, March, 18, Peter Schiff did a live episode of his podcast and took questions for over four hours.In a nutshell, Peter made the case that the real crash is here. He covered a wide range of topics relating to the ongoing and ever-evolving coronavirus crisis.As far as the mainstream narrative out there, Peter said, "Everybody has los...Read More
(March 18, 2020)Before we look at tonight's charts I would like to take a minute and explain to our new members how we manage the different portfolios. We have 3 different portfolios, the Kamikaze, Leveraged and the PM Stocks Trade portfolios with each having $100,000. That $100,000 in each portfolio is then broken down into $5000 increments for each trade giving us a total of 20 trades for each...Read More
By: Gary Savage As I have said before, this will form a final 4-year cycle low, a bounce, then retest of the lows again but then..https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold $200 an ounce from the highs. Liquidity needs. Technically speaking, PAY ATTENTION: ranges are starting to narrow, innately -- but volatility is being taken out:Read More