Federal Reserve ChairmanJerome Powell’s comments on inflation last Wednesday added fuel to the contra-dollartrade.During a press conferencefollowing the Fed’s decision to leave interest rates unchanged, Powell said,“In order to move rates up, I would want to see inflation that's persistent andthat's significant. A significant move up in inflation that's alsopersistent..."To...Read More
Federal Reserve ChairmanJerome Powell’s comments on inflation last Wednesday added fuel to the contra-dollartrade.During a press conferencefollowing the Fed’s decision to leave interest rates unchanged, Powell said,“In order to move rates up, I would want to see inflation that's persistent andthat's significant. A significant move up in inflation that's alsopersistent..."To...Read More
Federal Reserve ChairmanJerome Powell’s comments on inflation last Wednesday added fuel to the contra-dollartrade.During a press conferencefollowing the Fed’s decision to leave interest rates unchanged, Powell said,“In order to move rates up, I would want to see inflation that's persistent andthat's significant. A significant move up in inflation that's alsopersistent..."To...Read More
I badly underestimated the system's ability to perpetuate obvious frauds and swindles without causing a social rebellion. And worse, to watch so many otherwise intelligent people participate with glee.Continue...Read More
By: Gary SavageMost people (investors) are driven by emotions. Retail investors becoming more bullish as the SPX diverges further from the 200 day moving average.Gold's potential is mind-boggling right now, I'll explain..http://blog.smartmoneytrackerpremium.com/Read More
StrengthsThe best performing metal this week was platinum, up 3.57 percent as money managers increased their bullish outlook and took their net long position to a 22-month high. Gold traders remained bullish on the price outlook for bullion even amid trade optimism early in the week, according to the weekly Bloomberg survey. Turkey's gold reserves rose $348 million from the previous week and a...Read More
RambusTonight I would like to update some commodities charts we haven't looked at in a while. There have been some subtle changes taking place that need to be addressed. Just like the PM complex that topped out in 2011 many commodities also topped out that same year and have been correcting ever since. With the US dollar at an important inflection point it may be time for commodities in general...Read More
By: Ira EpsteinGold weekly chart just below the resistance area, what to look out this week:Read More
Global political weather is such that financial markets will not sleep during Christmas and New Year weeks. Do not sleep in the next three weeks on your short term investment. Still anything can happen. If you are on a vacation or plan to go on a vacation for the next three weeks, then close very short term open positions in any future and options and ETF. If you are holding physical gold, any p...Read More
Impressive economic data out of China may have given markets a boost, too The Dow added over 100 points today, clocking a four-day win streak as investors excitedly eyed new trade developments following last week's phase one trade deal between the U.S. and China. Strong economic data out of China last night may have also sparked some buying action, especially in the tech sector, and helped the sto...Read More
APPS shares could soon add to their more than 300% year-to-date gainApp delivery expert Digital Turbine Inc (NASDAQ:APPS) has been a steady winner in 2019, pacing to close the year with a gain of more than 300%. The shares hit a decade-plus high of $9.13 on Nov. 29, and pulled back from there. A quick look at the chart for APPS would suggest this could be a prime entry point for bulls, and the dat...Read More
Nike analyst sentiment is mixed coming into todayBlue chip Nike Inc (NYSE:NKE) steps into the earnings confessional this week, its quarterly report set for after the close Thursday, Dec. 19. Ahead of the event, NKE options are flying off the shelves today, with an emphasis on calls.At last check, already over 37,000 calls have changed hands, four times the expected intraday amount and double the...Read More
Wave Life said it would stop the development of its DMD drug, suvodirsenThe shares of pharmaceutical concern Wave Life Sciences Ltd (NASDAQ:WVE) have more than halved today after the firm said it would be halting the development of its Duchenne muscular distrophy (DMD) drug, suvodirsen, which failed to improve patients' condition during a phase one study, and Wave Life also said it would be discon...Read More
Freeport-McMoRan stock is climbing its way toward annual high territoryThe 20 stocks listed in the table below have attracted the highest weekly options volume during the past 10 trading days. Data is courtesy of Schaeffer's Senior Quantitative Analyst Rocky White. The stock highlighted in yellow is new to the list, while those such as Walt Disney Co (NYSE:DIS) are keeping up with the high option...Read More
The major US stock indexes are hitting new highs todayU.S. stocks are rallying to all-time highs today, as investors continue to buy on news of the trade deal with China. The Dow Jones Industrial Average (DJI) is deep into triple-digit territory despite the sharp selling on Boeing (BA), while tech shares are pushing the S&P 500 Index (SPX) and Nasdaq Composite (IXIC) to strong leads as well. Meanw...Read More
BofA-Merril Lynch isn't concerned about regulatory risk for BTI in the USBritish American Tobacco PLC (NYSE:BTI) this morning received an upgrade to "buy" from "underperform" from BofA-Merill Lynch, which brushed off regulatory risk for the company in the U.S., saying it doesn't see major risk over the next 12 months. This has BTI shares up 3.9% at $42.28, putting it within striking distance of th...Read More
AMRN hit a 12-year high earlier todayThe shares of Amarin Corporation (NASDAQ:AMRN) are up 1.9% to trade at $24.57, after the Food and Drug Administration (FDA) approved Vascepa -- the drugmaker's fish-oil derived treatment for heart disease -- for broader use. In response, Oppenheimer upped its price target to $8 from $7, while Citigroup said it expects the label expansion to help acquirers get...Read More
The "phase one" trade deal with China will reportedly be signed in JanuaryWith the "phase one" trade deal detailsnow out in the open, Dow Jones Industrial Average (DJI) futures are signaling a strong start the last full trading week of 2019. Over the weekend, U.S. Trade Representative Robert Lighthizer said in an interview that the deal with China was "totally done," and is expected to be signed...Read More
The media name has added 33% in 2019Dow stock Walt Disney Co (NYSE:DIS) is enjoying a lift higher this morning, buzzing on the back of news it will be debuting its Disney+ streaming services in France this coming March. The company struck a deal with Canal+, a subsidiary of pay-TV platform Vivendi, this past weekend.In response, DIS is up 0.8% before the open.Walt Disney stock is continuing its tr...Read More
The aircraft manufacturer said it would either cut or halt production of its currently grounded 737 Max planes Aircraft manufacturer and Dow name Boeing Co (NYSE:BA) has landed itself in the headlines once again. This time, on news that the company is considering either cutting down on production of its 737 Max planes, or scrapping production altogether. The decision follows last week's Federal A...Read More