June-dated crude rose over 19%The Dow extended its midday rally, closing up over 450 points as oil prices stabilized, shaking off a volatile and historic two-session drop.Though corporate earnings leaned towards the grim side, the blue-chip index was joined by the S&P 500 and Nasdaq today in the black, as sentiment found some stability. Also in focus has been the latest relief effort out of Washin...Read More
Microsoft and Apple will report earnings next weekAs April comes to a close and the pandemic continues to encroach on the U.S. economy, there's a jam-packed slate on tap for investors next week. The highlight will be an advance reading of first-quarter gross domestic product (GDP), which willundoubtedlyshow the beginning economic effects of the coronavirus outbreak. The Federal Open Market Committ...Read More
MTCH's 10-month moving average has helped launch the equity higher in the past The shares of online dating specialist Match Group Inc (NASDAQ:MTCH) are faring well amid the most recent bout of market volatility, steadily rebounding off their late-March lows, with solid support from their 10-day moving average. While some of this momentum appears to have lost steam just below the year-to-date break...Read More
Eli Lilly is expected to report earnings tomorrow before the open Pharmaceutical concern Eli Lilly and Co (NYSE:LLY) is trading back within a chip shot of its April 20, record closing high of $157.79. The equity is up 2.2% at $156.05 as investors gear up for the company's first-quarter earnings report ahead of the bell, tomorrow April 22. The options pits are putting a little less faith in LLY to...Read More
The latest small business stimulus is expected to pass the House tomorrowThe Dow Jones Industrial Average (DJI) is cruising at midday -- up more than 400 points at last check -- boosted by theadditional stimulus measures making their way through Washington. The Senate-approved package is expected to pass the House of Representatives tomorrow, featuring $100 billion for healthcare and roughly $32...Read More
Prices for hollow steel sections in Europe moved downward this week, with demand almost non-existent despite restarts by Italian mills, sources told Fastmarkets on Wednesday April 22.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?585-600 ($634-651) per tonne on Wednesday, down from ?,?590-610 per tonne one week before.This week, all ey...Read More
Chevron was ordered to cease operations in Venezuela Chevron (NYSE:CVX), the last major U.S oil company still operating in Venezuela, is higher this morning after the U.S. Treasury Department issued the oil giant a new license, giving the company until Dec. 1 to end its joint ventures in the Organization of the Petroleum Exporting Country (OPEC). This will bar Chevron from drilling wells, selling...Read More
No less than have 16 analysts raised their price targets on NFLXNetflix Inc (NASDAQ:NFLX) has been one of the few stocks to consistently thrive during the pandemic, it's up 30% this year amid the "stay-at-home" consumer environment. After last night's close, Netflix reported first-quarter earnings of $1.57 per share, lower than Wall Street's anticipated $1.65. However, the 16 million new subscribe...Read More
The medical device maker said its fiscal fourth-quarter results would be significantly impacted Medical device manufacturer Medtronic PLC (NYSE:MDT) announced last night that its global revenue has taken a hit in recent weeks, while hospitals delay elective procedures utilizing its devices in order to prioritize patients with COVID-19. The firm expects this to significantly impact its upcoming fis...Read More
The new coronavirus has already infected the global economy. The global lockdown means that recession is inevitable. The central banks all over the world have stepped in, including the Fed, cutting interest rates and pumping liquidity into the system. We invite you thus to read our today’s article about the monetary policy in time of plague and find out what the fresh central banks’ ba...Read More
Netflix's earnings report toppled estimates thanks to huge streaming numbersDow Jones Industrial Average (DJI) futures are signaling a rally this morning, taking cues from stabilizing oil prices. With the May contract now expired, June-dated crude futures have come off their 21-year low of $6.50, and were last seen at $11.25 per barrel. There's also optimism out of Washington D.C., after Congress...Read More
TOO BIG TO FAIL?With the whole world rubbernecking at the scene of crude oil's crackup, you could lose sight of why it matters. Listening to Trump fret about it tells us nothing. He has endorsed collusion by energy suppliers, the better to push prices back up to...whatever. But he hasn't said why this would be a good thing. It's not as though we're all feeling sorry for the likes of Exxon and BP...Read More
By: Ira EpsteinIn a corrective mode. Gold's sell-off culminated on Tuesday? The gold swing-line above a $1768..Read More
Even the most casual silver investor must be discouraged with what has happened to silver prices recently. But what about those who were/are super bullish? How do they feel?As I read various reports and articles, I sense some back peddling on the more extreme predictions which were so prevalent just shortly more than a month ago. On the other hand, I also sense a reluctance to let go; to just admi...Read More
Full Gold Crown FEB 2 2020 I posted the potential for this just as the virus was becoming a thing.https://goldtadise.com/?p=455805.................RAMBUS WEEKEND REPORT MARCH 2017"Below is a 75 year quarterly chart we were watching very closely during the last impulse move down, because it broke below the brown shaded support and resistance zone going all the way back to the early 1970's. When t...Read More
The correction in gold is over. Continue with a buy on sharp dips strategy in silver. Look for signs of trend reversal in copper and crude oil. Extreme leverage with crude oil is the key reason for crude oil and crude oil related stocks to fall. At the end of the day fundamentals are the key. Now you know the real price of crude oil. Now you know how much you were being duped for your petrol/gas...Read More
Imagine, if you will, there was nocoronavirus. No haz-mat suits, medical masks & gloves, no make-shiftmorgues. No terminally ill patients hooked up to ventilators, no horribledeaths without love ones close, no lockdowns, no social distancing, no desertedstreets, no bailouts, no emergency wage supplements, just a regular spring withbirds chirping and flowers blooming. Of course there is no...Read More
Breaking down the best and worst stocks since the S&P 500's all-time-high in February It's now been over two months since the S&P 500 Index (SPX) hit its last all-time high, and to say stocks have been on a wild ride ever since is an understatement. This week, however, I'm focusing on individual stocks. Below, I listed the best and worst stocks by their return since that February top, as well as a...Read More
The VIX may have settled on new support last weekAs we know, the CBOE Volatility Index (VIX), or the stock market's "fear gauge," is one of the most widely tracked gauges of U.S. stock-market volatility. This volatility index, as compiled by the Chicago Board Options Exchange (CBOE), is meant to reflect investors' expectations for short-term (30-day) volatility in the stock market. It accomplishes...Read More
The greenback exerts powerful influence on theprecious metals – that has been the case yesterday, and it unsurprisinglycontinues to be so also today. So, what message is the USDX sending out rightnow?USD Index in the SpotlightWe’ll open up with a quote from yesterday’sAlert (by the way, please remember that all charts areexpandable/clickable):Looking at the 4-hour candlestickchar...Read More