The last time it sounded was around the August 2015 "flash crash"Last week, the three major market indexes fell into "correction" territory -- defined as at least 10% off their recent highs -- at the same time. It was the first time the Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) were in correction territory simultaneously since around the August 2015 "flas...Read More
Stop picking losers with this strategy used by the richest investors.Forget P/E ratios and earnings per share...Forget the advice to "buy what you know" (no matter what Warren Buffett says)...Forget everything you think you know about picking stocks...The world's richest investors don't pay attention to any of that stuff. They know none of those factors impact the direction a stock's price is abou...Read More
The financial media site said Apple is attractively pricedBarron's tapped Apple Inc. (NASDAQ:AAPL) as one of its top 10 picks for 2019 (subscription required), saying the FAANG stock's "valuation looks attractive and there appears to be limited risk to current-year earnings even if one assumes a 5% to 10% decline in iPhone sales." The financial news magazine also pointed to Apple's massive buyback...Read More
If we want to know where Gold is going we should follow Gold. Right?How about following gold stocks? At times, they lead Gold.What about the US Dollar? Wrong!In 2019, one market more than any other will impact Gold.That is the stock market. History argues (within the current context) that when the Federal Reserve ends its rate hikes, Gold’s downtrend will be over and when the Fed cuts rates,...Read More
All three major indexes are lower at middayThe Dow Jones Industrial Average (DJI) is trading lower once again today, earlier touching another multi-month low. On top of the troubles around blue chip Goldman Sachs (GS), traders are also digesting widespread weakness in the healthcare sector after a big Obamacare court ruling, as well as some weak economic data. Specifically, homebuilder sentiment i...Read More
The beleaguered goldstocks are recovering from their late-summer capitulation, enjoying a solidyoung upleg as investors gradually return. Their buying has pushed the leading gold-stock ETF near a major triplebreakout technically. That event should reallyboost capital inflows into this sector, accelerating the rally. A major gold and gold-stock buying catalystis likely imminent too...Read More
Starbucks stock is ripe for more bull notesAt last check, Starbucks Corporation (NASDAQ:SBUX) stock was down 0.5% to trade at $64.79, despite receiving a price-target hike to $70 from $69 at J. P. Morgan Securities. If history is any guide, the coffee name could perk up heading into 2019 after flashing a bullish signal.Starbucks stock is now within one standard deviation of its 50-day moving aver...Read More
Gold was lower today in dollars but saw slight gains in pounds and euros. It was supported by increasing concerns about the likelihood of a ‘hard’ Brexit, about global economic growth and uncertainty around the Fed’s interest rate policies in 2019. Gold in GBP – 1 Month (GoldCore)Gold has consolidated on last week’s 2% gains in dollar terms and is essentially flat in...Read More
A quick look at some of this morning's analyst activity on Wall StreetTaking a quick look at some bullish analyst attention across Wall Street this morning, three stocks in focus are Lululemon Athletica Inc. (NASDAQ:LULU), Stanley Black & Decker, Inc. (NYSE:SWK), and Sherwin-Williams Co (NYSE:SHW). For LULU shares, Stifel became the latest brokerage firm to weigh in bullishly, upgrading its rating...Read More
If approved, the hormone-free birth control would be the first of its kindSuccessful late-stage results for its experimental birth control, Amphora, have Evofem Biosciences Inc (NASDAQ:EVFM) stock up in early trading. If approved by regulators, the gel-based, hormone-free birth control would be the first of its kind -- news that has EVFM shares up nearly 20% to trade at $4.24. The stock earlier pe...Read More
How you can transform lagging indicators into leading indicators. From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of the trading world's constant need to stay ahead of the curve since the first exchange opened its door over 200 years ago.After all, every trader is always looking for an edge... Some way to predict what will happen next... And hopefully...Read More
Central banks’ purchases create a floor for gold prices. Myth or fact? We invite you to read our today’s article about the central banks’ demand for gold and find out whether it will save gold. Gold is an important part of central banks’ foreign exchange reserves. As of H1 2018, they hold about 34,000 tons of bullion worth $1.36 trillion, or 10.3 percent of the total reserv...Read More
Short sellers have been ramping up their exposure to the retailer, tooBofA-Merrill Lynch downgraded Best Buy Co Inc (NYSE:BBY) to "underperform" from "neutral," and slashed its price target to $50 from $70 -- a discount to Friday's close. The brokerage firm cited troubling industry trends and uncertainty around sales of Apple (AAPL) products. Additionally, the analyst in coverage said the big box...Read More
The shares are on track to retake a key trendline todayThe shares of Barnes & Noble, Inc. (NYSE:BKS) are up 4.9% in electronic trading, after Craig-Hallum upgrade the book retailer to "buy" from "hold," while boosting its price target to $10 from $7. The new price target represents territory BKS hasn't traded near since March 2017, and is a 54% premium from Friday's closing perch of $6.49. Today'...Read More
The financial firm has been charged in the 1MDB scandalStocks are set to pick up right where they left off on Friday, with Dow Jones Industrial Average (DJI) futures trading well below fair value. Today's pressure is coming from Goldman Sachs (GS), with the shares down more than 2% in pre-market trading, on news Malaysia has charged the big-cap bank and two of its former employees in connection wi...Read More
The bears haven't even begun to smell blood"An immediate risk to bulls... is the big put open interest lingering at the SPY 260 strike, a large majority of which was bought to open... big put open interest strikes like this can sometimes act as a magnet due to 'delta hedging', which occurs when sellers of the puts are forced to sell S&P futures to hedge their positions ... Admittedly, this is a t...Read More
Cocoa's 2016-7 bear market reversal was in total harmony with one kind of analysis If financial markets were styles of music, equities, especially the most stable Big Board stocks, are like great classical compositions: They're made up of consistent, steady tempos you could listen to all day with the occasional booming or crashing note.Commodities are different. They're the jazz players deliverin...Read More
CloseGain/LossGold $1246.30+$8.00Silver$14.67+$0.09XAU69.19+2.37%HUI156.72+2.66%GDM570.75+1.84%JSE Gold1302.25+3.60USD97.14-0.32Euro113.47+0.42Yen88.54+0.31Oil$49.88-$1.3210-Year2.858%-0.035T-Bond143.75+0.46875Dow23592.98-2.11%Nasdaq6753.73-2.27%S&P2545.94-2.08% The Metals: Gold saw slight losses in Asia, but it then climbed steadily higher in London and New York and ende...Read More
CloseGain/LossGold $1246.30+$8.00Silver$14.67+$0.09XAU69.19+2.37%HUI156.72+2.66%GDM570.75+1.84%JSE Gold1302.25+3.60USD97.14-0.32Euro113.47+0.42Yen88.54+0.31Oil$49.88-$1.3210-Year2.858%-0.035T-Bond143.75+0.46875Dow23592.98-2.11%Nasdaq6753.73-2.27%S&P2545.94-2.08% The Metals: Gold saw slight losses in Asia, but it then climbed steadily higher in London and New York and ende...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