- Ira EpsteinAlgos do not always win - important to know this. Gold price gap in the chart is now filled, fails after failed Iran/Iraq/US fears subsides -- China, Brexit, Impeachment and much more coming up:Read More
Gold and silver may have formed a short term top yesterday. If tomorrow's US December nonfarm payrolls matches ADP jobs, then gold and silver can see further sell off. Signing of the US-China trade deal and the details released thereof will be closely watched next week. Iran situation will be fragile over the coming weeks and months. There will be phases of escalation of geopolitical situation i...Read More
Wall Street's "fear gauge" on the other hand logged its fourth straight lossThe Dow logged its second-straight triple-digit victory today with U.S.-Iraq tensions apparently in decline. The blue-chip index hit a new intraday record high, with Apple (AAPL) and Goldman Sachs (GS) leading the charge. The S&P 500 and Nasdaq joined the Dow in the black and logged record highs of their own, with a surgin...Read More
The stock is pacing for its worst day in over a yearOptions volume is heavy on Bed Bath & Beyond Inc. (NASDAQ:BBBY) this afternoon, as the stock slumps post-earnings. With BBBY shares last seen down 19.4% at $13.41 -- firmly on the short-sale restricted list -- the bulk of the action has occurred on the put side, with speculative players finding a way to target even more downside for the retail na...Read More
SNAP options volume is running quick todaySnap Inc (NYSE:SNAP) stock is trading up 4.4% this afternoon at $17.40, after Jefferies upgraded the Snapchat parent to "buy" from "hold," and lifted its price target to $21 from $17 -- a nearly 26% premium to last night's close. The brokerage firm expressed optimism over user growth and advertising revenue, saying it expects the latter to double over the...Read More
Infosys is set to report earnings before the open tomorrow Tech name Infosys Ltd (NYSE:INFY) is getting a boost ahead of its upcoming earnings report, due out before the market opens tomorrow, thanks in part to a price-target lift from Wells Fargo. The brokerage upped its target to $10.50 from $8.50. At last check, the shares of the consulting concern were up 2.3% to trade at $10.32. Since a late...Read More
Earnings from Goldman Sachs and JPMorgan Chase will be in the spotlight A flurry of financial names will step into the earnings arena this week, including blue chips Goldman Sachs (GS) and JP Morgan Chase (JPM). Fellow Dow member UnitedHealth (UNH) will also be in the earnings spotlight. There will be plenty of economic data for traders to digest, too. A definite market mover will come on Thursday...Read More
KBH has tacked on 68% over the past 12 monthsHomebuilder KB Home (NYSE:KBH) is seeing a nice lift this afternoon, earlier logging a two-year high of $37.59. The equity has been on a consistent climb higher in the last 12 months, with support at its ascending 80-day moving average pushing the stock to a now 68% year-over-year lead. Looking ahead, the construction name will report fiscal fourth-qua...Read More
Tensions surrounding the U.S. and Iran appear to be fadingThe Dow Jones Industrial Average (DJI) and S&P 500 Index (SPX) are confidently higher at midday -- and earlier nabbed fresh record highs -- as investors shed some of their initial fears over the conflict between the U.S. and Iran. The tech-rich Nasdaq Composite (IXIC) also hit new highs after Advanced Micro Devices (AMD) got an upgrade...Read More
KO has been an outperformer over the past yearShares of Coca-Cola Co (NYSE:KO) are up 1.3% at $55.04, higher on the back of a fresh bull note. Specifically, Credit Suisse upgraded the stock to "outperform" from "neutral," and hiked its price target to a Street-high $64 from $54. The brokerage firm expects growth in revenue, margins, earnings, and cash flow, as well as "low double-digit" growth th...Read More
The retailer posted a decline in net holiday salesVictoria secret parent L Brands Inc (NYSE:LB) is up this morning, despite the company posting net holiday sales of $3.9 billion, which came in below estimates. LB also posted a decrease in quarterly sales, and lowered its fourth-quarter outlook to $1.85 from $2 per share. The equity is up 2.7% at $18.60, at last check. Since hitting its nine-year...Read More
DBVT is on track for its best day in nearly two yearsOne of the better stocks on the Nasdaq this morning is DBV Technologies (NASDAQ:DBVT), up 16.6% to trade at $13.11. The French pharmaceutical company's peanut allergy patch Viaskin showed durable benefits in a study, prompting Stifel to raise its rating to "buy" from "hold." While also upping its price target to $18 from $10, the analyst in cov...Read More
President Trump said Iran "appears to be standing down"U.S. stock futures are higher this morning, as investors digest comments from U.S. President Donald Trump that Iran "appears to be standing down," following the non-fatal ballistic missile attacks on two U.S. military bases in Iraq. Elsewhere, jobless claims fell for the fourth week in a row, despite unemployment rates continuing to roll highe...Read More
Jack ChanPosted Jan 6, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Gold sector as represented by $HUI is on a short-term BUY signal.Short-term signals can last for weeks and are more suitable for traders.Our ratio remains on a buy signal.Focus on the big picture, major resistance is a long way away.Th...Read More
By: Gary SavageWe are still in an intermediate trend higher in gold. These corrections typically last 4 to 9 days in an intermediate trend cycle..https://blog.smartmoneytrackerpremium.com/Read More
The U.S. manufacturing sector contracted for the fifth straight month in December, with the monthly reading from the Institute for Supply Management (ISM) hitting its weakest point in more than 10 years. The purchasing manager's index (PMI) fell to 47.2, a level we haven't seen since June 2009, as global trade tensions continued to take a toll on the country's manufacturers. The news comes as tw...Read More
- Ira EpsteinAlgos do not always win - important to know this. Gold price gap in the chart is now filled, fails after failed Iran/Iraq/US fears subsides -- China, Brexit, Impeachment and much more coming up:Read More
Gold and silver may have formed a short term top yesterday. If tomorrow's US December nonfarm payrolls matches ADP jobs, then gold and silver can see further sell off. Signing of the US-China trade deal and the details released thereof will be closely watched next week. Iran situation will be fragile over the coming weeks and months. There will be phases of escalation of geopolitical situation i...Read More
The program targeted a historical mine at the explorer's Nevada project. Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced in a news release that the last of the underground channel sampling at the Good Hope mine at its Pamlico project in Nevada confirms further mineralization continuity.Results showed that oxide gold mineralization extended from outcrops at the opening of the mine's 5609 leve...Read More
The work the company has conducted to date at the project and the implications are discussed in a Scarsdale Equities report. Lion One TuvatuIn a Jan. 3 research note, Scarsdale Equities analyst Mike Niehuser reported that "evidence continues to mount for an alkaline gold system" at Lion One Metals Ltd.'s (LIO:TSX.V; LOMLF:OTCQX) Tuvatu project in Fiji. Accordingly, Scarsdale increased its target...Read More