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  • Finance 0

    Case-Shiller 20 City Home Price Index September 2017 Now At 6.2 % Year-Over-Year Growth

    The non-seasonally adjusted Case-Shiller home price index (20 cities) year-over-year rate of home price growth grew from a downwardly revised 5.8 % to 6.2%. The index authors stated, “Most economic indicators suggest that home prices can see further gains.” Analyst Opinion of Case-Shiller HPI Many pundits believe home prices are back in a bubble. Maybe, but the falling inventory of homes for sale keeps home prices relatively high. I continue to see this a situation of supply and demand. It is the affordability of the homes which is becoming an issue for the lower segments of consumers. This is the highest year-over-year growth sin...
    On November 28, 2017 / By
  • Finance 0

    Dow Jones Industrial: Short-Term Elliott Wave View

    YM_F Dow short-term Elliott Wave view suggests that the Intermediate wave (4) ended at 23204. The rally from there is unfolding as a leading diagonal Elliott wave structure. Minute wave ((i)) ended at 23464, Minute wave ((ii)) ended at 23241, Minute wave ((iii)) ended at 23599, Minute wave ((iv)) ended at 23432, and Minute wave ((v)) ended at 23616. The 5 waves leading diagonal rally also ended a higher degree than Minor wave 1. Minor wave 2 pullback is currently in progress to correct the cycle from 11/15 low (23204) in 3, 7, or 11 swing before the Index resumes the rally higher or at least bounce in 3 waves. The 50 – 76.4% retrace...
    On November 28, 2017 / By
  • Finance 0

    BiondVax Provides Third Quarter 2017 Financial Results And Update

    NESS ZIONA, Israel, Nov. 28, 2017 /PRNewswire/ — BiondVax Pharmaceuticals Ltd. (Nasdaq: BVXV, TASE: BVXV), a clinical-stage biopharmaceutical company focused on developing and commercializing M-001, a universal flu vaccine candidate, today announced its financial results for the quarter ended September 30, 2017, and provided a business update. Dr. Ron Babecoff, BiondVax’s CEO, commented, “I am pleased that, once again we are meeting our objectives, increased our financial resources, and are moving towards executing our late-stage universal flu vaccine development program.” Third Quarter 2017 Financial Summary Res...
    On November 28, 2017 / By
  • Finance 0

    USDCAD Daily Analysis – Tuesday, Nov. 28

    USDCAD failed to break below 1.2666 support and stayed in a trading range between 1.2666 and 1.2836. Further rise to test 1.2836 resistance would likely be seen. A breakout of this level could take price towards 1.2916 previous high. Near-term support is at 1.2666, below this level will indicate that the downtrend from 1.2916 has resumed, then next target would be at 1.2600, followed by 1.2433....
    On November 28, 2017 / By
  • Finance 0

    The Market Making New All-Time Highs On A Daily Basis

    My Swing Trading Approach I will look to add 1-2 new long positions to the portfolio should the market conditions cooperate. I will also consider adding a short position as well to hedge against a potential pullback.  Indicators VIX – 2% pop yesterday, but most of its gains were wiped out.  T2108 (% of stocks trading below their 40-day moving average): Fell 3.4% to 51%. Despite the market making new all time highs on a daily basis, only 51% of stocks are trading above their 40-day MA.  Moving averages (SPX): Trading above all the moving averages.  Industries to Watch Today Only Utilities and Consumer Defensive were traded high...
    On November 28, 2017 / By
  • Finance 0

    E The Euro Area Job Market Has Strengthened, But Unemployment Is Still Very High

    The Euro Area unemployment rate was 8.9% in September. But of course, this average for the 19-member countries masks some very strong differences. For example, in September the unemployment rates for Germany and France were 3.6% and 9.7% respectively, while the corresponding unemployment rates in Spain and Italy were 16.7% and 11.1%. The southern tier of countries in the Euro Zone continues to record extremely high unemployment rates, even though the economies of these countries are now growing again. For example, the Greek economy grew 0.7% y/y as of the second quarter, though growth was at a 2.2% annual rate in Q2.  Inflation is practicall...
    On November 28, 2017 / By
  • Finance 0

    The Last Time This Happened, The World Ended…

    Earlier this month, SocGen warned that U.S. equity investors are a bunch of “boiling frogs.” And no, that is not a distortion of the bank’s message. Here’s the actual quote: The parable of the boiling frog refers to how a frog in a pot can get slowly boiled alive without even realising it. The frog is so comfortable as the water gradually warms up that it is unaware of the danger it faces and ends up cooked. Today’s current dynamics put the US equity market at a similar risk as the frog. “Come on in, the water’s warm – and seemingly getting warmer.” Well on Tuesday, the bank is out with their latest Multi-Asset Portfolio pie...
    On November 28, 2017 / By
  • Finance 0

    Richmond Fed Manufacturing Survey Significantly Improves In November 2017

    Of the five regional Federal Reserve surveys released to date, all are in expansion.  Analyst Opinion of Richmond Manufacturing The Richmond Fed subcategories were positive, The data is much better than last month. Market expectations from Bloomberg / Econoday was 11 to 16 (consensus 15). The actual survey value was 30 [note that values above zero represent expansion]. Summary of all Federal Reserve Districts Manufacturing: Richmond Fed (hyperlink to reports): z richmond_man.PNG Kansas Fed (hyperlink to reports): z kansas_man.PNG Dallas Fed (hyperlink to reports): z dallas_man.PNG Philly Fed (hyperlink to reports): z philly fed1.PNG New York...
    On November 28, 2017 / By
  • Finance 0

    E Elliott Wave Analysis On S&P 500

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    On November 28, 2017 / By
  • Finance 0

    Explaining The Evils Of Debt And Deficits, One More Time

    Andrew Ross Sorkin had a good piece mocking the Peter Peterson funded Fix the Debt campaign since many of its CEO leaders are now gladly on the tax cut bandwagon. Unfortunately, the piece ends with sermonizing on the need to reduce deficits and debt. “In the end, Mr. Peterson is right. The country — and businesses — will ultimately do better if the nation’s balance sheet is not bloated with debt. Part of the issue is generating enough revenue from taxes, and part is dealing with costs like health care and entitlements, which the tax overhaul plan does not even begin to tackle.” There are two ways in which deficits and debt...
    On November 22, 2017 / By