SPX Monitoring purposes; Neutral Monitoring purposes Gold: Short GDX on 11/13/17 at 22.56 Long-Term Trend monitor purposes: Neutral. Today, the SPY touched another high and HYG made a lower close producing a five-day divergence. The 21-day moving average of the Equity Put/Call ratio fell below .62 and in an area where the market had trouble over the last year. The next week is option expiration week and the week before can produce whipsaws and one appears to be e setup up now. The trend is up (identified with RSI>50 and McClellan Oscillator >0) but there are short-term cracks in the rally showing up. Last Friday, the market fell intrad...
On the heels of a weekend full of threats and promises from governments, bankers, and the mainstream media, Bitcoin was lambasted once again overnight, this time by The People’s Bank of China. For a brief 6 months or so, China was the dominant region for Bitcoin in the world, but then- as capital flows accelerated – the government and central bank began to ‘crackdown’ on crypto, first by banning ICOs and then shutting down local exchanges. Volume disappeared… Looking back at the crackdowns, QZ reports that Pan Gongsheng, a deputy governor of the People’s Bank of China, believes Beijing made the right decis...
Our emerging markets outlook for 2018 and beyond is very bullish. At InvestingHaven we believe that capital will slowly but surely rotate out of overly expensive U.S. stocks and will flow into mostly undervalued emerging markets. 2018 could become the year in which this move would accelerate, the tipping point in other words. InvestingHaven signaled already a long time ago a bullish 2018 outlook for emerging markets. More than 8 months ago we wrote this: From a contrarian perspective, emerging markets are hugely bullish. Bloomberg, for instance, published right after Trump’s victory some scary charts which show a stampede out of emergin...
Another mineral drilling company, Major Drilling (MDI:TO; MJDLF:OTC Markets), delivered decent 3Q 2017 results. For example, cash flow from operations (excluding working capital issues and taxes) was the highest since 3Q 2015: source: Simple Digressions Another sector measure, ARPOR (average revenue per operating rig), also went up: source: Simple Digressions The green rectangles depict boom times while the red ellipses are attributed to poor business conditions. The yellow rectangle points to the period 2016 – 2017, which, in my opinion, is another boom time....
Tech stocks are partying like it’s 1999, the Nasdaq is up nearly 30% this year, billion-dollar startups are attracting capital at the greatest rate since the dot-com crash and it’s been the busiest year globally for new stock listings since 2007, with 1,450 companies listing shares (mostly in Asia). Amidst this booming market, several high-profile companies have opted to go public, some like Snap and Blue Apron were enormous flops but the average new listing in the U.S is up 32%. One company that has been especially volatile since its IPO has been Roku. Roku was one of the first companies involved in the now booming streaming business...
The Chart of the Day belongs to Churchill Downs (CHDN).I found the gaming stock by using Barchart to sort today’s Top Stocks to Own list first for the highest Weighted Alpha, then I used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 11/2 the stock gained 12.78%. Churchill Downs, the world’s most legendary racetrack, has conducted Thoroughbred racing and presented America’s greatest race, the Kentucky Derby. Churchill Downs, Inc. has Five racetracks; Six casinos; Big Fish Games, the world’s largest distributor of casual games; The country...
Video length: 00:12:22 Stocks start out the day higher and then reverse as volatility continues to creep back into the market. In this video market update to find out what to watch this week as lots of trade opportunities are going to present themselves. ...
Video length: 00:12:22 Stocks start out the day higher and then reverse as volatility continues to creep back into the market. In this video market update to find out what to watch this week as lots of trade opportunities are going to present themselves. ...