By: RambusIn part two of the Quarterly Report I'm going to update some long term charts for some of the world stock markets. As you will see many have formed massive ten plus year consolidation patterns similar of what we observed in the first installment of the Quarterly Report which are similar in duration to many of the US stock markets. It's these big multi year consolidation patterns that a...Read More
Considering the dour outlook for Q1 earnings, the stock market's exuberant run-up over the last month feels like Tennyson's Charge of the Light Brigade: "Into the valley of Death rode the 600...' And yet, we know from watching the shares of Boeing, Apple (see chart inset) and Facebook go vertical into a steady stream of negative news concerning each that Wall Street's '600' really don't give...Read More
Trump is now threatening European Union with new trade tariffs. The move is just to support Boeing as its rival Airbus is getting more orders after a Boeing latest plane crashes. A steady decline and decay in the USA-European Union relation is happening as a result of Trump's bully attitude. Gold will rise. European Union will also reduce dependence on American exports and diversify as a counter...Read More
Source: Michael J. Ballanger for Streetwise Reports 04/08/2019Precious metals expert Michael Ballanger discusses movements in the gold and silver markets in the last week, as well as two companies on his radar screen.The past week was an exercise in total lockdown for both gold and silver as the price managers have succeeded, at least for now, in herding investor behavior into a cacophony of c...Read More
Source: Clive Maund for Streetwise Reports 04/08/2019Technical analyst Clive Maund charts gold and discusses the factors he believes point to an imminent rally.I was in receipt of the following erudite communication about Commercial gold short positions yesterday from a friend in Toronto. . ."Re: HOLY SHISA BATMAN: THE COMMERCIALS COVERED OVER 70 000 Gold Short Contracts!!!!!!!!!!!!!!!!!!!!!!!...Read More
The S&P closed lower for the first time in nine daysU.S. stocks finished the day in the red, with the Dow suffering a triple-digit blow on the back of trade tensions with the European Union (EU). A downwardly revised global growth forecast from the International Monetary Fund (IMF) only strengthened headwinds. Boeing's (BA) woes also weighed on the blue-chip index, with the stock sinking 1.5% aft...Read More
Three stocks could help investors double their money in 2019.2019 could be a game-changer for investors... Especially those looking to potentially double their money.Those investors now have a simple blueprint to follow for success.Simply put, these three stocks could be the best way to make money in 2019 -- whether the markets are flying high, or sinking like a ship.This free Investor's Report re...Read More
Data shows stocks with longer win streaks are more likely to close lower the next dayApple (AAPL) looked on the verge of a 10-day winning streak today before falling early afternoon and ultimately closing down on the day. That got me curious about stock winning streaks, but looking only at AAPL leaves a small sample size. I could see these situations either way: Maybe it's a good momentum play, so...Read More
There's also unusual options activity on GWPH and MRVLGrubHub Inc (NYSE:GRUB) put options are trading at six times the normal rate today, with more than 12,000 contracts on the tape. A bulk of this volume occurred at the May 80 put, where Trade-Alert is highlighting an $11 million transaction that is betting on GRUB shares to fall further below $80 in the weeks ahead, though this activity may be t...Read More
AFP/Getty Images Gold futures settled at their highest in nearly two weeks on Tuesday, logging a second straight finish above $1,300, as weakness in the U.S. dollar and concerns over global growth provided a runway higher for the precious metal. Gold for June delivery GCM9, -0.08% on Comex rose $6.40, or 0.5%, to settle at $1,308.30 an ounce, after closing up 0.5% on Monday. The settlement was th...Read More
AFP/Getty Images Gold futures settled at their highest in nearly two weeks on Tuesday, logging a second straight finish above $1,300, as weakness in the U.S. dollar and concerns over global growth provided a runway higher for the precious metal. Gold for June delivery GCM9, -0.16% on Comex rose $6.40, or 0.5%, to settle at $1,308.30 an ounce, after closing up 0.5% on Monday. The settlement was th...Read More
DAL has had a volatile run on the chartsOne of the handful of airliners in focus this week is Delta Air Lines, Inc. (NYSE:DAL). Slated to reported first-quarter earnings before the market opens tomorrow, April 10, the airline giant is one of the many suffering on the back of Boeing's (BA) production halt. Below we will dive into what the options market is pricing in for the shares' post-earnings...Read More
Speculators may be liquidating positions on one sinking steel stockThe U.S. stock market is selling off today, with Wall Street spooked by escalating trade tensions between the U.S. and the European Union (EU). Among individual names making notable moves are 3D imaging specialist FARO Technologies, Inc. (NASDAQ:FARO), automation systems name HollySys Automation Technologies Ltd (NASDAQ:HOLI), and...Read More
NBEV was overbought heading into todayFresh off its best day of 2019 thanks to a big Walmart partnership, New Age Beverages Corp (NASDAQ:NBEV) stock has been unable to extend those gains today, down 9.6% to trade at $5.96, at last check. Although the catalyst for the pullback is unknown, options traders are swarming for the second straight day.More specifically, 50,000 NBEV options have changed...Read More
The exploration team of Great Bear Resources has won the Bernie Schnieders Discovery of the Year Award for finding high grade gold zones at its Dixie property near Red Lake, Ontario, Canada.The company recently drilled its Dixie Hinge zone, intersecting 30.15 g/t gold over 7.3 metres, 130.49 g/t over 1.5 metres, 11.72 g/t over 4.0 metres and 50.72 g/t over 0.5 metre in a single hole.The award was...Read More
The drink stock tends to outperform in the April-July periodBeverage giant PepsiCo, Inc. (NASDAQ:PEP) touched a record high of $123.19 on March 27, barreling through former resistance in the $120-$122 neighborhood. Since then, that area - also home to a 10% year-to-date gain -- has switched roles to provide support, and PEP's recent pullback from all-time peaks presents an opportunity to get in on...Read More
US labor market strengthened again and the yield curve inversion looks to be over. Has the sky cleared? Hold on, Brexit is just around the corner. Given the circumstances, are gold prices more likely to rise or fall? America Creates almost 200,000 new jobs in March US economy added 196,000 jobs last month, following a disappointing rise of 33,000 in February (after an upward revision). The number...Read More
Boeing continues to be the worst Dow stockThe Dow Jones Industrial Average (DJI) is down triple digits, as Boeing's (BA) 737 MAX jet troubles continue. Elsewhere, tariff threats between the European Union (EU) and the U.S. are keeping traders on the sideline, as is another downwardly revised global growth forecast from the International Monetary Fund (IMF). Against this backdrop, the S&P 500 I...Read More
Options traders are betting on more upside for the sharesThe shares of Apple Inc. (NASDAQ:AAPL) are higher yet again today, with help from a price-target boost to $225 from $215 at Wedbush. The stock is now pacing for a 10th consecutive day in the black, and its second straight close above $200 -- a feat not accomplished since November. The last time the FAANG stock closed lower was on March 26 --...Read More
China's central bank demand for gold supports bullish interim trend.Only the strong dollar stands in the way of a spring gold rally.Gold stock internal momentum could use some major improvement.Increased gold demand from China is making an upside breakout in the gold price later this spring a very real possibility. That's the conclusion from the revelation this week that China's central bank h...Read More