By: PlungerHaving trouble making sense of the market? Do you feel like you are living in some sort of a parallel universe where almost everything happening in the market seems to be the opposite of what you have learned should happen? You are not alone so let's try to make some sense of it. This weekend I will present two possible outcomes for the stock market and the rational behind them....Read More
By: Ira EpstienMonthly-Gold has been stuck in a range for 2-years. Weekly gold chart, bearish pattern. Momentum and bias is down. GDX chart is different..Read More
Investors have thrown caution to the wind as they bid up FAANG stocks to imprudent heights and provide overly generous bids for a few others that face serious jeopardy, including Tesla and Boeing. Even so, the herd evidently had second thoughts about one stock on Friday, pummeling the shares of Netflix when competitor Disney announced a new streaming service that will be bargain priced at $6.99...Read More
URGENT PAIR XAU/USD (GOLD): UPTREND 3hr CHART This week gold and wti both will be opposite to each other, while gold buy will start by current level ending with a higher high on the other hand wti will continue to fall from the currrent level one way and remains downside. 1.BUY XAU/USD (GOLD): ENTRY: 1289.07, TARGET: 1303.29/1320.29, SUPPORT: 1276.02 FXStreet Forex Interactive Ch...Read More
Earnings from GS and C were in focus todayU.S. markets suffered today, kicking off the holiday-shortened week on a negative note. The Dow and S&P 500 closed lower on the back of disappointing big bank earnings from the likes of Goldman Sachs (GS) and Citigroup (C), while the Nasdaq joined its peers in the red. Looking ahead, investors are eyeing another round of notable earnings releases tomorrow,...Read More
FOLD stock just pulled back to a key trendline Pharmaceutical name Amicus Therapeutics, Inc. (NASDAQ:FOLD) has put on quite the performance this year -- outperforming the broader S&P 500 Index (SPX) by 16% during the past two months. The security is up almost 40% year-to-date, staging an impressive rally off its 18-month lows from late December. What's more, FOLD just hit a year-to-date high of...Read More
It was a big surprise. The dovish surprise. In March, Powell doubled down on its accommodative stance. Does he know something we are not aware of? We invite you to read our today’s article about the recent Fed’s U-turn and find out whether it will support the gold prices. Will Powell’s Dovish Turn Support Gold? Three months can make a big difference! In December 2018, the F...Read More
MAT and LVS are trading lower today, tooThe U.S. stock market is trading lower today following the latest batch of big bank earnings. Among individual names making notable moves are cannabis name Aphria Inc (NYSE:APHA), toymaker Mattel Inc (NASDAQ:MAT), and casino concern Las Vegas Sands Corp. (NYSE:LVS). Here's a quick look at what's moving the shares of APHA, MAT, and LVS.Aphria Stock Sinks on D...Read More
Match stock earlier nabbed a fresh record highMatch Group Inc (NASDAQ:MTCH) stock is up 5.9% to trade at $60.80 today, and earlier tapped a record high of $61.31, after the dating services company restructured its leadership in Asia in an attempt to boost international growth. In response to the shuffle, MTCH options traders are out in droves today.More specifically, nearly 7,300 MTCH call option...Read More
Gold futures settled at their lowest in more than week on Monday, with apparent progress in U.S.-China trade talks helping to dull haven-related demand for the metal, as investors also showed disappointment that recent weakness in the dollar has failed to provide support. U.S. Treasury Secretary Steven Mnuchin said Saturday the U.S. and China are continuing to make progress on trade talks and "get...Read More
Gold futures settled at their lowest in more than week on Monday, with apparent progress in U.S.-China trade talks helping to dull haven-related demand for the metal, as investors also showed disappointment that recent weakness in the dollar has failed to provide support. U.S. Treasury Secretary Steven Mnuchin said Saturday the U.S. and China are continuing to make progress on trade talks and "get...Read More
Teranga is interested in Barrick's Massawa project in Senegal, which is likely to be put for sale soon.The project is adjacent to Teranga's Sabodala mine, which would allow it to achieve significant synergies.I think that IAMGOLD is also likely to be interested in Massawa, but Teranga has better chances to acquire the project thanks to its cornerstone investor David Mimran. Introduction Barrick Go...Read More
We are getting some indication that the price as we come into next week is in an area of demand.According to the VC PMI, the gold market is very well supported with last week's low of $1293 activating a reversal back up.We seem to be forming a wedge, a descending wedge or a bear flag, and a breakout from there would confirm a breakout to the upside.Gold Courtesy: TDAmeritrade The price of gold...Read More
ELY call volume is running at four times the norm todayThe shares of Callaway Golf Co (NYSE:ELY) are higher this afternoon, after Tiger Woods won his first major golf title in more than a decade. What's more, options traders are speculating on even more short-term upside for ELY following the positive attention from the Masters Tournament.Callaway stock was last seen 1.5% higher at $16.79, after e...Read More
JNJ has seen support near $135Shares of pharmaceutical giant Johnson & Johnson (NYSE:JNJ) are slightly higher in today's trading, last seen up 0.1% at $136.16. Traders aregearing up for first-quarter earnings, which are slated for before the market opens, tomorrow, April 16. Below we will take a look at how JNJ has been faring on the charts, and see what the options market is pricing in for its p...Read More
A simple way to stop picking losers, and start cashing in like Wall Street's elite.Most traders would never believe that 9 out of 10 trades could be winners.But while it may sound impossible, thanks to a research breakthrough, it may not be as far-fetched as many think.JPMorgan's trading desk produced a 99.52% win rate from 2013 through 2017. That includes 2 straight years without a losing day....Read More
Friday's trading session was bullish, as stocks broke above their short-term consolidation following the first quarterly earnings releases, among other factors. The S&P 500 index broke above the 2,900 level. Will the uptrend extend despite some technical overbought conditions?The U.S. stock market indexes gained 0.5-1.0% on Friday, breaking above the recent trading range, as investors' sentime...Read More
The company will report earnings after the close tomorrowIt's earnings season, everyone. The first FAANG name up is Netflix, Inc. (NASDAQ:NFLX), set to release its quarterly report after the close tomorrow, April 16. Ahead of the event, NFLX call options have been flying off the shelves lately, and the shares just flashed a historically bullish signal on the charts. In fact, the equity showed up...Read More
The drugmaker halted a mid-stage trial in bladder cancer patientsClovis Oncology Inc (NASDAQ:CLVS) late Friday said it was discontinuing a mid-stage trial of its lead cancer drug, rucaparib, in bladder cancer patients following the recommendation of an independent committee. Although CLVS said it will continue current late-stage trials testing the drug as a treatment for ovarian and prostate cance...Read More
Learn how to protect savings and maximize returns by investing in precious metals.Gold Trust would like to announce the newest edition of its guide to precious metals, perfect for anyone hoping to safeguard their investments and retirement!And today, they are giving away a free copy of their Investor's Guide to Precious Metals 2019!Their goal is to help regular investors learn the "pro" secrets...Read More