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  • Finance 0

    Opportunities In Tech Stocks Today

    My Swing Trading Approach I will look for opportunities in tech stocks today, if the early gap higher shows that it wants to hold. If not, I will look to play the market with a much more cautious approach.  Indicators VIX – VIX bounced 6.7% up to 10.7. Mainly due to the fears in tech stocks.  T2108 (% of stocks trading below their 40-day moving average): Rose for the eighth time in the last nine sessions. at 60% now, and looking much more healthy.  Moving averages (SPX): Trading above all the moving averages.  Industries to Watch Today Financials continued to lead the way yesterday, but the big news was the disaster in Technology ...
    On November 30, 2017 / By
  • Finance 0

    Box (BOX) Q3 Loss In Line With Expectations, Revenues Beat

    Box, Inc.’s (BOX – Free Report) fiscal third-quarter 2018 adjusted loss was 13 cents per share, in line with the Zacks Consensus Estimate. The loss was 18.2% wider on a sequential basis but 7.7% narrower than the year-ago quarter. The reported loss was toward the lower end of the guided range. Revenues came in at $129.3 million, surpassing the consensus mark of $128.6 million. Revenues surpassed the guided range, increasing 5.2% sequentially and 25.8% year over year. Box, Inc. Revenue (TTM) | Box, Inc. Quote The company’s top line gained traction driven by strength across international markets especially Europe and Japan, growin...
    On November 30, 2017 / By
  • Finance 0

    Broad Based Indices Continue Upside Breakouts

    Rocky took some many punches and kept coming back. Fighting the trends highlighted below might be a little painful to the pocketbook. Below looks at three broad-based indices on a monthly basis over the past few decades: Breakouts continue to take place in each of these broad-based indices at each (1). Until these indices reflect weakness and break key support lines, might not be worth fighting these price trends!...
    On November 30, 2017 / By
  • Finance 0

    E Trump Is Very Lucky. He Inherited A Strong Economy And A Healthy Job Market

    The U.S. economy has very strong momentum behind it as it enters the 2017 holiday spending season. U.S. real GDP increased at a 3% annual rate in the third quarter of 2017, industrial production rose 1.6% y/y in September, and the CPI inflation rate was 2% in October. Total nonfarm payroll employment increased by a hefty 261,000 in October from only 18,000 in September, as the impact from Hurricanes Irma and Harvey has clearly reversed itself with respect to the job market. The unemployment rate edged down to 4.1% in October from September’s 4.2% and the annual increase in wages moderated to 2.4% from 2.8% in the previous month. Since Janua...
    On November 30, 2017 / By
  • Finance 0

    Jobless Claims Slightly Lower Than Expected

    Like just about everything these days (besides bitcoin), there was very little volatility in this week’s jobless claims report as first-time claims fell by 2K to 238K compared to expectations for 240K. There’s not much new to say here as jobless claims continue to be one of the most consistent indicators of strength in the US economy. This week’s print marked the 143rd straight week where claims were below 300K, which is pretty incredible. Even though this week’s print showed a slight decline, the four-week moving average actually ticked higher rising from 239.75K up to 242.25K. That now puts this reading 11K higher than the multi-dec...
    On November 30, 2017 / By
  • Finance 0

    McKinsey: Automation May Wipe Out 1/3 Of America’s Workforce By 2030

    In a new study that is optimistic about automation yet stark in its appraisal of the challenge ahead, McKinsey says massive government intervention will be required to hold societies together against the ravages of labor disruption over the next 13 years. Up to 800 million people—including a third of the work force in the U.S. and Germany—will be made jobless by 2030, the study says. The bottom line: The economy of most countries will eventually replace the lost jobs, the study says, but many of the unemployed will need considerable help to shift to new work, and salaries could continue to flatline. “It’s a Marshall Plan siz...
    On November 30, 2017 / By
  • Finance 0

    3 Strong Buy Deutsche Mutual Funds To Invest In

    Deutsche Asset & Wealth Management’s assets under management were worth EUR 710 billion as of Sep 30, 2017. Founded in 1919, it is one of the world’s leading financial management companies. The fund family manages a wide variety of domestic mutual funds and variable insurance portfolios. Deutsche Asset & Wealth Management is among the 10 largest bank-owned asset managers worldwide. The company uses market expertise to create innovative investment solutions for its clients. It also delivers transparent and cost-effective passive investment products to both institutional and individual investors. Below we share with you three top-ra...
    On November 30, 2017 / By
  • Finance 0

    3 Strong Buy Deutsche Mutual Funds To Invest In

    Deutsche Asset & Wealth Management’s assets under management were worth EUR 710 billion as of Sep 30, 2017. Founded in 1919, it is one of the world’s leading financial management companies. The fund family manages a wide variety of domestic mutual funds and variable insurance portfolios. Deutsche Asset & Wealth Management is among the 10 largest bank-owned asset managers worldwide. The company uses market expertise to create innovative investment solutions for its clients. It also delivers transparent and cost-effective passive investment products to both institutional and individual investors. Below we share with you three top-ra...
    On November 30, 2017 / By
  • Finance 0

    Cryptos Are Crashing Again

    It’s a bloodbath in cryptocurrency markets this morning… Having bounced overnight to over $10,600, Bitcoin prices are tumbling once again as we approach the US equity market open… Ethereum is down over 20%… While there is no immediate catalyst, CoinDesk notes that ECB Vice President Vitor Constancio- ever eager to talk citizens away from decentralized ‘anything’ – warned about the risks of investing in bitcoin at current valuations. Speaking to CNBC, Vitor Constancio said developments in bitcoin’s price make it “a speculative asset by definition,” continuing: “Investors are...
    On November 30, 2017 / By
  • Finance 0

    Tax Cuts For The Rich – A Rich US Dollar

    The US Senate is rushing to vote and approve a massive tax cut program. The rise of the threshold for the maximum tax rate to around $1 million will benefit the richest Americans. The cut of the corporate tax will help the stock market, but will unlikely trigger extra growth, at least when factoring the extra $1.5 trillion of debt that the move will add in the next decade. There are many more changes in the tax code and quite a few Republicans have reservations and changes will be made until the very last minute. Nevertheless, these politicians seem quite calm and are eager to sort their differences out as soon as possible. The procedural vot...
    On November 30, 2017 / By