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    Market Talk – Tuesday, December 5

    The final hours of the US trading session was a major concern for Asian trading this morning, which probably was not helped when the RBA (Reserve Bank Australia) left rates unchanged. This move certainly helped a bounce for the A$ but didn’t help stocks with the ASX closing down around -0.25%. The Hang Seng traded heavy again as the tech sector led prices lower once again and even finished on its days lows. The mainland closed small down also but volumes were light in hesitant trading. The Nikkei traded heavy in the morning but managed a recovery in the final hour of trading. A less than happy Asian session had a negative effect on Europeâ€...
    On December 5, 2017 / By
  • Finance 0

    What Are Cryptocurrencies – Altcoins Vs Tokens

    What’s the difference between Altcoins vs. Tokens? Video Length: 00:06:14...
    On December 5, 2017 / By
  • Finance 0

    Is Bitcoin Worth Investing In?

    On January 2017, Bitcoin owners had one single goal to accomplish – to ensure that the cryptocurrency attained the $1,000 mark. Luckily, the cryptocurrency achieved that milestone and continued to increase. As of November 29th 2017, Bitcoin finally hit the $10,000 mark. Coindesk reported that Bitcoin achieved the historic milestone around 1.30 AM UTC or 9.30 AM Hong Kong Time. As a result, Bitcoin now has a higher worth than renowned companies like GM and Boeing. At the time of writing, the Bitcoin price was $11,206.96 with a 0.23% rise. Today, countries like China together with institutional investors and traders use Bitcoin as a safe have...
    On December 5, 2017 / By
  • Finance 0

    Copper Crash And Yield Curve Carnage As Tech, Trannies, & TBTFs All Tumble

    Today was a day in the upside-down: Banks underperformed Tech; High tax underperformed Low tax; Momo outperformed Value; Nasdaq outperformed S&P; and VIX down with stocks down… Video length: 00:02:03 While Nasdaq (green) outperformed on the day, and was bid at the open, Trannies (blue) underperformed; note that as Europe closed, everything rolled over… Only Trannies are holding on to gains post-Tax vote, post-Ross-Rout-Retraction… For the first time in 7 days, high-tax companies underperformed low-tax companies… Momentum outperformed value for the first time in 6 days… The Tech sector clung to green on the d...
    On December 5, 2017 / By
  • Finance 0

    Edison Slides As Brush Fire Leaves Thousands Without Power

    Shares of Edison International (EIX) are sliding after a brush fire in Southern California caused outages that left thousands of Edison customers without power. However, SunTrust analyst Ali Agha argues that the company should be able to absorb any financial liabilities and sees the selloff in the shares as an “overreaction.” SELLOFF AN OVERREACTION: Investor concerns regarding a brush fire in Southern California have caused a hit to Edison International’s stock, but the company should be able to absorb any financial liabilities, SunTrust’s Agha noted, adding that this is a similar response as the drop in PG&E (PCG...
    On December 5, 2017 / By
  • Finance 0

    4 Sector ETFs & Stocks Set To Explode Higher On Tax Cuts

    President Donald Trump is now closer to its major legislative move and investors have turned extremely bullish on the stock market. This is especially true, as lower tax rates would boost earnings, thereby accelerating dividend and buyback activities. Per UBS strategists, overall S&P 500 earnings would increase by 6.5% if the corporate tax rate falls to 25% and by 9.5% if the tax rate is cut to 20%. Republicans expect a tax reform deal by Christmas. According to Thomson Reuters data, the larger, multi-national companies in the S&P 500 currently pay a median effective tax rate of 28%. While most of the sectors would benefit from Trumpâ...
    On December 5, 2017 / By
  • Finance 0

    Bear Trying To Become Relevant Again

    The last few days have not been the best of days for the market.  Volatility is perking its head up some, and the technology sector, which has been the market leader for all of 2017, has shown signs of profit taking over the past week.  That makes my watch list below, somewhat relevant again.  You even have a big name like Apple (AAPL) making a rare appearance on the watch list. But check it out, there is a legitimate double top pattern forming. While it has yet to confirm, and I wouldn’t go out shorting it just yet, it is still worth keeping a close eye on.  Then you have Microsoft (MSFT) which is back to trading in the gap aga...
    On December 5, 2017 / By
  • Finance 0

    Market Valuation, Inflation And Treasury Yields: Clues From The Past – Tuesday, Dec. 5

    Note: The charts in this commentary have been updated to include the latest monthly data. Our monthly market valuation updates have long had the same conclusion: US stock indexes are significantly overvalued, which suggests cautious expectations on investment returns. In a “normal” market environment — one with conventional business cycles, Federal Reserve policy, interest rates and inflation — current valuation levels would be a serious concern. But these are different times. The economic cycle shaped by the Financial Crisis that began emerging in 2007 shortly after the Bear Stearns hedge funds collapsed. The Fed b...
    On December 5, 2017 / By
  • Finance 0

    Euro Pushes Below November Uptrend

    The euro is losing ground for a third consecutive session. It is the longest losing streak since the middle of October.  The Great Graphic here, created on Bloomberg, depicts the euro since the beginning of last month. After falling in September and October, the euro trended higher in November. It peaked on November 27 near $1.1960, just shy of the lesser used Fibonacci 76.4% retracement (~$1.965).  Through November the euro trended higher, which is shown with the white line. That trend line intersects today near $1.1840. The trend line was violated early in the North American session and follow-through buying has taken it to $1.1800. ...
    On December 5, 2017 / By
  • Finance 0

    Higher Oil Prices Breathe Life Into This Sector

    The price of oil just hit its highest point since July 2015. That’s really helping the one sector of the oil patch that we should be watching now: oil services companies. The VanEck Vectors Oil Services ETF (NYSE: OIH) holds a group of oil service stocks in a basket. Its shares hit bottom at $21.76 per share in mid-August. As you can see from the chart below, its shares are steadily climbing in value: As the price of oil rises, so will the volume of drilling and production. That will breathe life into a sector that the market left for dead. The low that the sector hit in August was the third-lowest value the fund hit since 2004. The lowes...
    On December 5, 2017 / By