Sector expert Bob Moriarty takes a look at drivers in the bull market and sees a bear in the wings. While I happen to be a giant fan of the Daily Sentiment Index (DSI), I also use a bunch of other signals. The DSI is the single best indicator I've found but there are dozens of other measures of investor sentiment. If you are a contrarian, you search constantly for some way of figuring out what in...Read More
Technical analyst Clive Maund charts the end-of-the-year status of the silver market. While silver's charts do not yet look as positive as gold's, that is normal at this early stage in the cycle, when gold is favored over silver, which attracts more speculative interest as the bull market progresses. Nevertheless, as we can see on the latest 10-year chart for silver below, it is starting to look...Read More
Technical expert Clive Maund charts the reasons the precious metals have entered a bull market. Gold is now a major bull market, as evidenced by its strong breakout from a giant 6-year long base pattern in August. The larger trend is up. We had thought that it might react back closer to the breakout point before turning higher again, but it didn't, and started higher again in recent days over the...Read More
The S&P and Nasdaq both had their best years since 2013Stocks clung close to breakeven today, though the Dow managed to settle higher. This came after traders considered a tweet from President Donald Trump saying he'll sign a trade deal with China by Jan. 15. Meanwhile, the Nasdaq and S&P both managed a small win as well amid light New Year's Eve trading volume. For the year, all three indexes enj...Read More
INTU stock is testing its 50-day moving averageOne name to monitor as we head into 2020 is software concern Intuit Inc. (NASDAQ:INTU), as the stock has consistently been a top performer in the first quarter. Data from Schaeffer's Senior Quantitative Analyst Rocky White shows INTU has averaged a gain of 10.3% in the first quarter over the past 10 years, and has finished the three-month period in po...Read More
Pot stocks are on fire todayWeed stocks are running red hot today, with the shares of Canopy Growth Corp (NYSE:CGC), Cronos Group Inc (NASDAQ:CRON), and Tilray Inc (NASDAQ:TLRY) all notably higher. While no specific catalyst has been identified, it's possible short sellers may be covering their massive positions on the three names. Whatever the reason, the price action has options traders in overd...Read More
The Dow and S&P are pacing for a second straight day in the redStocks are struggling for upside today amid lackluster trading ahead of the New Year's holiday tomorrow. The Dow Jones Industrial Average (DJI), S&P 500 Index (SPX), and Nasdaq Composite (IXIC) were all last seen nursing modest losses, as the former two indexes eye a second straight down day while it would be a third straight loss for...Read More
The stock has averaged the worst January loss on the S&P over the last 10 yearsThe U.S. stock market is set to wrap up the year with big monthly and annual gains, with the S&P 500 Index (SPX) pacing toward returns of 2.6% for December and 28.6% for 2019. Looking ahead to 2020, bulls may want to take a closer look at streaming giant Netflix (NFLX), which has been one of the best stocks to own in Ja...Read More
Analysts have cheered NVDA's recent run higherFew stocks have benefited from the trade tailwinds as much as chipmaker Nvidia Corporation (NASDAQ:NVDA), and the shares are in focus again today thanks to another bull note. This time it was Benchmark that weighed in, raising its price target to $275 from $240. This doesn't quite represent record-high territory for the shares, as they traded up to $29...Read More
Three brokerages have trimmed their price targets in responseOne of the worst stocks on the New York Stock Exchange (NYSE) today is Core Laboratories N.V. (NASDAQ:CLB). The oil name is down 20% to trade at $38.05, at last check, after the company trimmed its fourth-quarter estimates, its 2020 first-quarter forecast, and its quarterly dividend. At least four brokerages have issued price-target...Read More
Looking at stocks that have been added and removed from the NDXThe Nasdaq-100 Index (NDX) is made up of the largest non-financial companies. They recently carried out their annual rebalancing, adding six companies and removing six. The tables below show the six additions and removals, along with their 2019 returns and analyst buy percentages, according to Zacks. It turns out this is a good indicat...Read More
The credit card concern has been one of the best Dow stocks in 2019It's been an outstanding year for Apple (AAPL), which entered 2019 nursing the proverbial wounds of a bruising sell-off in the fourth quarter of 2018 that sent the tech giant's market cap back below the trillion-dollar level. The stock has spent the past 12 months sprinting higher, and is not only set to end the calendar year boast...Read More
All three benchmarks are wrapping up a year of big gainsIn the wake of the market pullback yesterday, Dow Jones Industrial Average (DJI) futures are drifting below fair value on the last trading day of the year and decade. Futures on the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) have also slipped into the red, taking a final breather on a banner year of gains across the board. In geopolitica...Read More
Morgan Stanley just took an 8.8% passive stake in resTORbioPharmaceutical concern resTORbio Inc. (NASDAQ:TORC) is eyeing its biggest one-day percentage gain in over a month this morning, following news that Morgan Stanley took an 8.8% passive stake in the company. The stock is up 10.5% ahead of the bell in response, set to break out above recent consolation near the $1.25 area. Prior to a mid-Nov...Read More
- Dave KranzlerI'm growing more confident that we're on the cusp of a big move higher in the precious metals sector because of the Fed's massive money printing. Also, because the money printing and near zero interest rates are visibly not stimulating economic growth, we're at the point at which unless the Fed continues increasing the amount of money it puts into the system, the melt-up in the...Read More
By: Ira EpsteinGold is bullish -- but the bullish crossover hasn't occurred yet, but I would not be surprised this occurs in early January. Longer-term traders are going to look at the gold chart favorably..https://www.iraepstein.com/Read More
Trend for gold and silver is very bullish. It is just a technical trade. I do not think that events in Middle east has any bearing to current firmness in gold and silver price rise. There is short covering at the moment. Gold price in almost every nation is at a historical high. I do not think 2019 returns in gold and in Asian currencies will be repeated over the next few years. 2020 gold return...Read More
GOLD COT REPORTS WERE DELAYED DUE TO THE HOLIDAYS: Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 364,31058,658122,022203,204543,600689,536724,280 Change from Prior Reporting Period 19,8174407,85777222,54928,44630,846 Traders 22660805653308173 Small Speculators LongShortOpen Interest 59,20124,457748,737 3,304...Read More
Fastmarkets reviews how much of the EU safeguarding import quota allowances for hollow sections has been used and by who, with an estimation of when they will be exhausted country by country at the current usage rates. Read More
A summary of base metals premiums from across the globe for the week to Tuesday December 31.Click on the above image...Read More