The Dow and S&P 500 saw their three-day winning streaks snappedThe Dow kicked off September on a sour note today, logging a 285-point drop. The latest round of U.S.-China tariffswent into effect over the weekend, and China responded in kind by filing a complaint against the U.S. with the World Trade Organization (WTO). A dismal batch of U.S. factory data only exacerbated concerns over a slowing gl...Read More

This analyst predicts a major market moving event happening as soon as August 13.After nearly 27-years studying the stock market as a hedge fund manager, broker, and analyst, onesenior analyst thought he was prepared for everything Mr. Market threw his way.But last December he got word of a huge market event that's now less than 60 days away.He sent an urgent note to over 75,000 people who, over...Read More

Chinese hollow section products are set to take a bigger share of the global market in the future, having increased their visibility over the past few years due to their competitive prices and quality, according to Paul Zhao, the export director of China's Yuantai Derun Pipe Manufacturing Group."China will export more hollow steel sections due to the increasing global demand from emerging markets,...Read More

ABB stock just ran up to its 200-day moving average -- a historically bearish signal on the charts Electrical equipment manufacturer ABB Ltd (NYSE:ABB) isdown 1.7% at $18.69 at last check. Looking back, ABB attempted a rebound off its three-year low of $17.71, before running out of steam on Friday just below a familiar area of pressure at its 100-day moving average. The stock just ran up to anothe...Read More

Reading the new today of the riots andprotests in Hong Kong as well as the military action between Iran and Israelsuggests to us that the metals markets are poised for a very big run this weekand possibly much further into the future.This type of Chaos creates a level ofuncertainty in the global markets that will prompt a massive surge in theprecious metals markets as traders and investors continu...Read More

A long-term trendline could prove pivotal for RUN tradersScanning some of our internal data today, one name worth looking at is Sunrun Inc (NASDAQ:RUN). That's because the shares have been testing their 320-day moving average, and the trendline seems to be serving as technical support. That wouldn't be too surprising, since data from Schaeffer's Senior Quantitative Analyst Rocky White shows the st...Read More

VXX is trading near a trendline with historically bearish implicationsThe U.S. stock market sold off sharply in August as U.S.-China trade tensions ramped up. The negative price action in equities created a boon for several volatility trackers, including the iPath Series B S&P 500 VIX Short-Term Futures ETN (VXX), which rallied all the way up to a two-month high of $31 by mid-August. This region c...Read More

Stewart Thomson, Graceland Updates 1. The US yield curve inversion suggests the next recession is about 18-24 months away. That recession could mark the start of a long period of stagflation like 1966-1980.2. Please click here now. Double-click to enlarge this long-term bond market chart.3. Some gold analysts have noted the H&S top pattern in play, but it's important to wait...Read More

Clive MaundThe distinguishing feature of fiat money systems is that they are licentious - they are created by corrupt politicians so that they can act without restraint by, for example, promising the citizens the Earth in order to improve their chances of being re-elected. The population can pick up the tab later in the form of devalued money that buys them less. The current dollar fiat money sy...Read More

By: Avi Gilburt I am often asked to provide a sample of the analysis I provide to members. So, in this week's article regarding the stock market, I chose to reproduce the general discussion I provided within my analysis posted to members on Saturday night. Please understand that my detailed charts and the discussion of the specific smaller degree analysis is being left out from this public upda...Read More

By: Ira EpsteinGDX - gold stocks looks weaker on the charts than gold does:Read More

Macau's 8.6% revenue drop in August has WYNN and MGM stocks feeling the heat todayStocks are kicking off September on a sour note, amid contracting manufacturing data and newly imposed tariffs on U.S. and Chinese goods. Even more disappointing data out of Chinese gambling mecca Macau has casino names Wynn Resorts, Limited (NASDAQ:WYNN) and MGM Resorts International (NYSE:MGM) sinking, while dru...Read More

Northern hemisphere summer is over. It has been a golden summer this year. Silver outperformed gold. Some of you were telling me how I was not hyper bullish on silver. My answer is that, I have been an outright silver bull since I started analyzing precious metals in 2003 and will remain bullish on silver till I am alive. However I been scorned by clients, family and friends over the past few ye...Read More

The Institute for Supply Management's (ISM) manufacturing index showed contraction in AugustThe Dow Jones Industrial Average (DJI) continues to trade lower, weighed down by concerns around the U.S-China trade relationship. Downbeat economic data could be hurting stocks, too, with the U.S. manufacturing sector contracting in August for the first time since 2016, and construction spending rising le...Read More

TLRY shares have had a horrible yearLooking through this morning's analyst updates on Wall Street, one of the most jarring is a huge bear note on marijuana stock Tilray Inc (NASDAQ:TLRY). Cowen just came with a monster price-target cut to $60 from $150, and even this is a major premium to the equity's current perch. At last check, it was quoted at $25.93, up 1% on the day. TLRY has certainly earne...Read More

Hebei, China's largest steelmaking province, will embark on a capacity replacement program this year that would see the removal of 2.5 million tonnes per year of crude steel capacity and 4.44 million tpy of that for the production of iron.The move will involve the installation of converters with crude steel capacity amounting to 13.85 million tpy, and the shutting...Read More

Medicines Company announced successful results for its cholesterol drug, inclisiran The Medicines Company (NASDAQ:MDCO) stock is seeing a huge boost today, after the biopharmaceutical firm announced its experimental drug inclisiran successfully lowered cholesterol in patients with heart disease enrolled in a late-stage trial. SVB Leerink sees the drug's bi-annual injection form as more convenient...Read More

One brokerage firm downgraded PLNT stock to "hold"Berenberg downgraded Planet Fitness Inc (NYSE:PLNT) stock to "hold" from "buy," and slashed its price target to $69 from $80 -- a slight discount to Friday's close at $70.61. In reaction, PLNT stock is down 2.3% in early trading, last seen at $68.99.The equity's longer-term trend has been higher, though, with PLNT up almost 44% since a late-Decembe...Read More

The major Egyptian rebar producers have kept their rebar prices unchanged for orders to be placed in September, market sources told Fastmarkets on Monday September 2.The country's biggest producer, Ezz Steel, is offering rebar at E ?11,890 ($718) per tonne ex-works, Beshay Steel is offering rebar at E ?11,830 per tonne ex-works and El-Marakby Steel's price is E ?11,580 per tonne ex-works. All thes...Read More

SNAP bounced off a key trendline to end AugustWhen we last checked in with Snap Inc (NYSE:SNAP), the social media stock was preparing for its turn in the earnings confessional. Now, the shares are up 1.6% to trade at $16.06 this morning, after Evercore raised its rating on SNAP to "outperform" from "in-line," while boosting its price target to $20 from $18. The analyst in coverage glowed about th...Read More