The Deutsche Bank (NYSE:DB) stock chart since 2012 includes many examples (at least 23) of magical V shaped recoveries where the stock price was literally a falling knife and some buyer still came in and bought the shares to try and paint the tape to produce a share price recovery.However, since 2014 the share price has been in a very clear downtrend with lower highs on rallies and rallies do not...Read More
Links to slides and sources: https://www.itmtrading.com/blog/choke...The Oil rally that started in early 2019 is over with spot oil off more that 20% from its recent high. The markets are looking at rising US shale production, diminishing demand because of the global slowdown and a deepening trade war that would dampen demand even further.This is what that markets are looking at. Are they missing...Read More
Trump's showdown with China is causing anxiety in markets across the world. Asian-based economist Richard Duncan joins Robert to offer his view of how China is responding to Trump. Find out why bond yields are crashing, and how China is choosing to isolate itself from the U.S.Robert Kiyosaki is best known as the author of Rich Dad Poor Dad, the #1 personal finance book of all time. His book titles...Read More
President Trump raised a record breaking $24.8M in less than 24 hours for his re-election. The enthusiasm across the country for this President is unmatched and unlike Continue...Read More
John Bolton hates the governments of Venezuela, Cuba, and Nicaragua-calling them the "troika of tyranny" and the "three stooges of socialism"-and is determined Continue...Read More
The 10Y US Treasury yield is now down 11bps from the FOMC Statement, plunging back below 2.00% Continue...Read More
A BMO Capital Markets report gave the new figures for tons and grades and compared them to ones in a prior estimate. In a June 17 research note, BMO Capital Markets analyst Edward Sterck reported that South32 Ltd. (S32:ASX; S32:LSE) published a mineral resource for its Taylor deposit in Arizona.Sterck noted the new JORC compliant resource is generally similar to the NI 43-101 compliant one comple...Read More
Sector expert Michael Ballanger offers his take on various factors affecting the stock and commodities markets prior to today's Federal Open Market Committee meeting. Question #1: With unemployment rates at 50-year lows, inflation below the Federal Reserve's target, housing (bankers' major collateral) at or near record highs, and stock markets within 2% of all-time highs, why in the Lord's name i...Read More
The company intends to ramp up the mine to full capacity next quarter. Dundee Precious Metals Inc. (DPM:TSX) achieved commercial gold production at its Southern Bulgaria Krumovgrad project, from now on to be called Ada Tepe as it is known locally, it announced in a news release."Commercial production at Ada Tepe marks the beginning of a new chapter for Dundee Precious Metals, delivering significa...Read More
The goal now is to understand the entire project and its potential. Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) announced in a news release it is shifting its exploration focus at KSM this year to blind targets beneath the Sulphurets fault system. The company is sending crews to KSM for three purposes. One is to assess the possibility of additional gold-copper porphyry systems below the Sulphurets...Read More
This work is being done in advance of drilling later this summer. American Pacific Mining Corp. (USGD:CSE; USGDF:OTC) announced in a news release that a CSAMT geophysical survey has begun on its Tuscarora project in Nevada. Reno-based Zonge International is conducting the study."This nonintrusive, low-impact controlled source audiofrequency magnetotellurics survey will highlight key target explor...Read More
Domestic prices for hollow steel sections in Northern and Southern Europe were unchanged this week, with market participants expecting increases in the coming weeks, sources told Fastmarkets on Wednesday June 19.Fastmarkets' domestic price assessment for commodity-size, grade-S235 square hollow sections made in Northern Europe was ?,?620-640 ($695-717) per tonne delivered on Wednesday, stable week...Read More
It was the Dow's highest close since early MayThe Dow cruised to a comfortable win today, its third straight and highest close since May 3. As expected, the Fed left interest rates unchanged, and dovish post-meeting comments from Fed Chair Jerome Powell fueled speculation that a rate cut is imminent at the July meeting. Of note, the central bank removed the word "patient" from its statement, and P...Read More
Uber stock was turned away at its IPO price earlierUber Technologies Inc (NYSE:UBER) stock is trading up 1.7% at $44.61 this afternoon, heading for its third straight win. However, this rally ran out of steam earlier at $45 -- site of the ride-sharing service's initial public offering (IPO) -- and one options trader today appears to be positioning for a sharper retreat from here in the near term.U...Read More
Options traders are swarming AXTA and JBL stocksStocks are floating above breakeven, with all eyes turned towards the Fed's decision to hold rates steady. Three other stocks capturing investors' attention today arevehicle coating concern Axalta Coating Systems Ltd (NYSE:AXTA), marijuana name CannTrustHoldings Inc (NYSE:CTST), and electronic manufacturer Jabil Inc (NYSE:JBL). Here's a look at what'...Read More
SHOP shares have been on fireShopify Inc (NYSE:SHOP) is hosting its investor day today, and the event has sparked a roughly 5% move in the shares, which have hit an all-time high of $320.68. The e-commerce solutions provider unveiled new products, and its stock now sports a year-to-date lead of more than 131%. This price action has been met with accelerated call trading from options players. The t...Read More
Both names tend to struggle in the summer monthsUpbeat U.S.-China trade headlines fueled buying on Wall Street on Tuesday, lifting Chinese stocks Bilibili Inc (NASDAQ:BILI) and IQIYI Inc (NASDAQ:IQ). However, both names are down today, and, unlike cloud concern Twilio (TWLO), seasonality suggests the shares of BILI and IQ could be headed even lower -- a move some speculators have been bracing for....Read More
ENR has been in a long-term downtrendThe shares of Energizer Holdings Inc (NYSE:ENR) traded at a three-year low earlier of $38.31, and were last seen down 5.2% at $39.64, Today's move lower is the result of a downgrade to "underweight" from "neutral" at J.P. Morgan Securities, which also cut its price target to $36 from $45. The brokerage firm cited declining sell-through rates following the compa...Read More
What to expect after the quick-and-dirty rally, if past is prologueAs of the close on Monday, June 17, the S&P 500 Index (SPX) had rallied more than 5% in the course of 10 sessions, powered by trade optimism and talk of a Fed rate cut. The last time the index enjoyed such a quick-and-dirty rally was in early January, but the signals that sounded in 2018 preceded bearish stretches for the SPX in th...Read More
EU demand for passenger cars increased by 0.1% year on year in May, following eight consecutive month of decline, the European Automotive Manufacturers Association (ACEA) said this week.New car sales in Europe totalled 1,400,518 units in May 2019, compared with 1,399,398 vehicles sold in May 2018."Demand in the region was mainly driven by the Central European countries [including Poland, Roma...Read More