Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 335,42358,90865,405176,997478,213577,825602,526 Change from Prior Reporting Period 12,506-4,877-1,7845,66811,52716,3904,866 Traders 20575755651284182 Small Speculators LongShortOpen Interest 65,61740,916643,442 1,52413,04817,914 non report...Read More
The gold miners' stocks have surged in 2019, blasting higher after gold's first bull-market breakout seen in several years. That powerful summer rally left them really overbought, necessitating a correction to rebalance exuberant sentiment. That grinding consolidation lower has set them up nicely for their winter rally, this sector's seasonally-strongest time of the year. These seasonal...Read More
- Dave Kranzler"By sticking to the new orthodoxy of monetary policy and pretending that we have made the banking system safe, we are sleepwalking towards that crisis." - Mervyn King, former head of the Bank of England in a lecture at the IMF's recent annual meetingThe market levitates higher on phony economic data from the Government, Trump tweets, Fed money printing and hedge fund algorithms c...Read More
- Avi GilburtOriginally published on Sat Oct 26 for our ElliottWaveTrader members: While we have the minimum waves now in place to consider that the pullback/correction we have been tracking for the last two months has completed, and the market has clearly held the support we have outlined which we expected to hold during this pullback, questions still remain as to whether we can still see an...Read More
Gold has shrugged off the latest blather from the Fed and looks bound for at least 1536. Some Rick's Picks subscriber caught the move, and I'll show you how. T-Bonds have also caught fire and deserve a look.https://www.rickackerman.com/Read More
By: Ira EpsteinMarkets spooked by impeachment, US-China Trade deal news. Gold is up over $15 for the week as of the close Thursday, on the daily chart, gold stuck in sideways short-term, resistance around swingline - DEC: $1520.90Read More
October payrolls topped estimates, despite the GM strikeThe Dow erased yesterday's losses, tacking on over 300 points on better-than-expected employment data for October, despite the General Motors (GM) strike. In addition, investors cheeredreassuring news that the U.S. and China have reached a consensus in principle on trade, with the Chinese Ministry of Commerce touting"serious and constructive"...Read More
Gold price became over-extended from a key trend line this summer.Its lateral trading range was necessary to allow it to consolidate the rally.Central bank demand will keep gold price stable until the next breakout.For many investors, gold's extended trading range since late August has been agonizingly long. Gold bulls have patiently waited for the next rally phase of the metal's price to commence...Read More
We also explore stocks you should buy and avoid in NovemberThe S&P 500 Index (SPX) started the week with a fresh record high after a slew of sunny earnings reports and amid optimism around U.S.-China trade. While that optimism subsequently waned amid reports China is worried about President Donald Trump's "impulsive nature," and after a key economic summit was cancelled, the index ultimately exte...Read More
The equity was upgraded to "outperform" at BairdThe shares of home health and hospice provider Amedisys Inc (NASDAQ:AMED) are soaring today, with at least one analyst applauding the recent Centers for Medicare & Medicaid Services (CMS) ruling. Specifically, Baird upgraded AMED stock to "outperform" from "neutral," and hiked its price target to $160 from $140, waxing optimistic on the CMS 2020 ruli...Read More
Both names recently hit new lowsThe U.S. stock market is soaring -- with the S&P 500 Index (SPX) fresh off a record high -- following this morning's jobs report. Among specific stocks making notable moves are oil-and-gas expert California Resources Corp (NYSE:CRC) and tobacco name Turning Point Brands Inc (NYSE:TPB). Here's a quick look at what's moving the shares of CRC and TPB.California Energy...Read More
Citi downgraded Costamare to "sell" from "neutral"Costamare Inc (NYSE:CMRE) has been on a roll lately, the stock just touched a one-year high of $8.29 earlier this week, and clocked a 29.5% for October, making it the ship manufacturer's biggest monthly gain in over 10 years. This rally could be sputtering out soon though, according to Citi, which downgraded the equity to "sell" from "neutral," but...Read More
The brokerage firm issued the latest "buy" rating on the stockSarepta Therapeutics Inc (NASDAQ:SRPT) stock is up 4.3% today to trade at $86.63, after Guggenheim initiated coverage with a "buy" rating and a $183 price target -- a 120% premium to last night's close. This bull note comes ahead of the Duchenne muscular dystrophy (DMD) specialist's turn in the earnings confessional, slated for after th...Read More
The Nasdaq is on track for its fifth straight weekly winThe Dow Jones Industrial Average (DJI) looks ready to close out the week on a high note, up 240 points at midday. A blowout October jobs report is powering the upside, as payrolls easily beat estimates even amid a General Motors (GM) auto strike. The blue-chip index is also enjoying tailwinds from upbeat quarterly reports from energy giants...Read More
SYY stocks looks attractive from a contrarian perspectiveSysco Corporation (NYSE:SYY) shares earlier hit an all-time high of $80.99, and were last seen up 0.9% at $80.58, as the food distributor prepares to report earnings before the open on Monday, Nov. 4. SYY stock has added 28.6% year-to-date, and recent earnings history points to more upside for the security. That is, the stock has closed high...Read More
Novo Nordisk's Ozempic diabetes drug reached blockbuster status in the U.S. Pharma stock Novo Nordisk (NYSE:NVO) is trading higher after the firm lifted its full-year sales outlook, and announced its Ozempic diabetes drug reached blockbuster status in the U.S. during its first nine months on the market, generating $1.03 billion in sales -- beating analysts' expectations. Some of these gains, howev...Read More
ANET is headed for its biggest one-day drop everArista Networks Inc (NASDAQ:ANET) unveiled third-quarter adjusted profit of $2.69 per share on $654.4 million in revenue -- more than analysts were expecting. However, the cloud infrastructure specialist said it expects current-quarter revenue to arrive between $540 million and $560 million, less than anticipated, with CEO Jayshree Ullal citing "a su...Read More
Overhead pressure has been seen at the 20- and 30-day moving averagesAlthough the social media name reported third-quarter earnings that were above analyst estimates, a lower-than-expected quarterly revenue and a narrower-than-anticipated revised full-year sales forecast has Pinterest Inc (NYSE:PINS) deep in the red this morning. Last seen down 21.7% at $19.69, PINS opened at a fresh record low o...Read More
Call options have been popular on IMAXImax Corp (NYSE:IMAX) just received an upgrade to "buy" from "hold" from Canaccord Genuity, which set a $25 price target on the stock. In its note, the brokerage firm called out the company's performance in China, and said several key titles on the 2020 movie slate were shot with IMAX cameras. The bullish recommendation puts Canaccord in line with its analyst...Read More
AIG is lower today after an earnings missInsurance stock American International Group Inc (NYSE:AIG) is down 0.8% today to trade at $52.69, after the company reported adjusted third-quarter earnings of 56 cents per share, lower than the $1 consensus estimate. AIG cited weaknesses in its life and retirement business as reasons for the dismal report. Losses today are held in check by a revenue beat...Read More