A bullish signal flashing for Vistra might mean fresh highs on the charts Since suffering a massive bear gap shortly after hitting its all-time high in early May, the shares ofVistra Energy Corp (NYSE:VST) have been trading in a channel of lower lows, with several attempts at a bounce capped by the equity's 20-day moving average. VST is trying its hand at another comeback today, though, up 1.2% at...Read More
LONDON, 28 May 2019 - Comment from BullionVault features in the latest precious-metals report from leading US investment news-site MarketWatch. Bond prices are jumping as financial markets fear recession, the report quotes Adrian Ash, BullionVault director of research. That's driving down longer-term interest rates, but inflation expectations are also falling, "putting a floor under real US...Read More
Chinese stimulus chatter is fueling upside, tooThe Dow Jones Industrial Average (DJI) has pared a portion of its earlier triple-digit lead, but is still sporting modest gains at midday -- putting the blue-chip index on track for a seventh straight win. In addition to stimulus buzz out of China, traders are reacting to a positive session for tech shares, with upgraded Facebook (FB) highlighting a b...Read More
LONDON, 29 May 2019 - UK fund rating and investment news service FE Trustnet last week featured BullionVault among expert commentators on the case for investing in gold.FE Trustnet asked several fund managers and other experts what they think about the prospects for 'safe haven' gold.Alongside fund managers and financial advisors, "For UK investors the weakening Pound has already helped gold rise...Read More
LONDON, 20 May 2019 - Analysis and comment from BullionVault feature today on UK newspaper the Daily Express's fast-growing website."The golden rule is that whoever owns the gold has the power," The Express quotes BullionVault director of research Adrian Ash.So "while gold hasn't had any official role in the monetary system for nearly 50 years, it's no coincidence that the United States remains by...Read More
The stock has seen support at its 160-day moving averageBargain retailer Five Below Inc (NASDAQ:FIVE) has had a mostly strong year on the charts. So far the shares have tacked on 28.9% year-over-year, and despite a recent fall, they're seeing a floor of support at the historically supportive 160-day moving average. Also emerging as support has been the $119 level, which represents seven times the...Read More
By: Ira EpsteinHow dovish will the FOMC be next week? Gold lost its trend, support in lower $1,300's:Read More
Although the S&P 500 and the Dow Industrials have been in explosive rallies for the last five days, traders appear skeptical, if not to say skittish. As the take-no-prisoners short squeeze has unfolded, a widely watched 'fear indicator' has refused to give ground; this, despite a 700-point burst in the Dow Industrials and a corresponding gain in the S&Ps over the last three days. The VIX Volatil...Read More
Gold needs to trade over $1339-$1345 zone to start another wave of rise. Chances of correction will be high as long as gold does not break this zone. Silver needs to fall below $1445 or break and trade over $1492 for direction. Momentum is down for silver. Copper can see a temporary rise. Crude oil can fall first and then rise. Trend is still down for gold and silver. Buyers and investors will...Read More
J.P. Morgan Securities said the move was strictly due to valuation concernsBeyond Meat Inc (NASDAQ:BYND) stock is spiraling today, down 18.9% at $136.33, pacing for its worst day ever by far. This comes after J.P. Morgan Securities downgraded the stock to "neutral" from "overweight," saying the vegan burger maker's risk/reward is now balanced, and calling the move "purely a valuation call." Howeve...Read More
Sector expert Michael Ballanger describes why he has swung from long to short on the precious metals and miners. Before we go any further, let it be known that in the days leading up to this missive, i have gone from "net long" to "net short" on gold, silver and the miners. Those receiving my email blasts and those following me on Twitter (@Miningjunkie) have been put on notice that...Read More
Weekly FB calls have been popular in recent daysFacebook, Inc. (NASDAQ:FB) was hit hard last week as reports swirled throughout the tech sector about potential federal investigations. However, an analyst note this morning suggested regulatory concerns are already priced into the stock, and are overshadowing the company's growth potential. This came from Moffett Nathanson, which upgraded FB shares...Read More
Virtually every analyst in coverage rates AVGO a "buy"When we last checked in with semiconductor concern Broadcom Inc (NASDAQ:AVGO), the stock was flashing a bullish signal before Memorial Day weekend. Today, AVGO is up 2.8% to trade at $289.24, after the company inked a new supply arrangement with Apple (AAPL) for the next two years.Broadcom stock is heading towards its seventh straight win. Aft...Read More
The drugmaker announced weak results for its experiential NASH treatment The shares of Cymabay Therapeutics Inc (NASDAQ:CBAY) are plummeting, after its experimental drug used to treat a fatty liver disease called nonalcoholic steatohepatitis (NASH) was only minimally effective during a mid-stage study. The stock is eyeing its biggest one-day drop ever, and already brushed a new two-year low of $...Read More
Brazilian production of light vehicles increased by 29.9% year on year in May due to a recovery in domestic consumption.The country produced 275,700 units in May, up from 212,300 units a year earlier, according to figures released by national car association Anfavea late last week.The increase in production was mainly due to a continuing recovery in domestic market consumption, Anfavea said.....Read More
After an incredible rally in Natural Gas that our researchers called perfectly in November 2018, another opportunity for an upside price move appears to be setting up for later this year. We believe the current price lows, near $2.30, are setting up for a bounce and then will drop and form a basing pattern near $2.00 before rocketing higher. It is this last move to the downside which wi...Read More
After months of advancing, the U.S. dollar's climb is showing signs of weakness.Over the last five years, the greenback has risen almost 20 percent, whereas other world currencies have not been so lucky. For example, the Euro has declined by 19 percent.The Yen has dropped over 6 percent and the Swiss Franc has descended over 11 percent, all during the same time frame.The U.S. economy has hit some...Read More
The Dow looks poised to extend its win streakThe Dow Jones Industrial Average (DJI) is yet again set for a positive open, with futures trading more than 100 points above fair value. Another win would be a seventh straight for the index, while the S&P 500 Index (SPX) is also trying to extend its win streak to six. This comes as markets overseas gained on news of potential infrastructure spending in...Read More
Eastern China's Shagang has lowered the list prices for its rebar and wire rod booked and shipped in mid-June. The mill is selling its HRB400 16-25mm rebar at 4,070 yuan ($588) per tonne over the June 11-20 period, down 180 yuan per tonne from its last...Read More
Critical chart levels stepped up to support Amazon at last week's lowsA couple of months ago in this space, we wrote that Amazon.com, Inc. (NASDAQ:AMZN) -- by virtue of its unique cross-sector footprint, as well as its uncommonly massive market capitalization (around $885 billion, as of this writing) -- was worthy of tracking as its own "micro market bellwether" of sorts, given its exposure to bot...Read More