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  • Finance 0

    Ethereum Price Rally Stalls Ahead Of Key Resistance Targets

    ETH/USD Daily Chart Technical Outlook: We’ve been tracking this rally in Ethereum prices since the breach above the November opening range earlier in the month with the advance already taking out initial targets at 350 & 362. Critical topside resistance objectives are eyed at the high-day close at 385 backed by the record high at 405. Interim support now rests back at 349 with bullish invalidation now raised to 315/20. A break below the monthly open at 304 would be needed to put the bears in control. ETH/USD 240min Chart Notes: A closer look at price action shows Ethereum breaking above channel resistance before checking...
    On November 21, 2017 / By
  • Finance 0

    Oritani Financial Corp. Announces $0.45 Special Dividend

    TOWNSHIP OF WASHINGTON, N.J., Nov. 21, 2017 (GLOBE NEWSWIRE) — Oritani Financial Corp. (the “Company” or “Oritani”) (Nasdaq:ORIT), the holding company for Oritani Bank (the “Bank”) announced that its Board of Directors has declared a special cash dividend of $0.45 per share on the Company’s common stock.The record date for the dividend will be December 8, 2017 and the payment date will be December 22, 2017.  “The Board of Directors of Oritani has elected to continue its practice of declaring a special dividend to ensure that stockholders fully participate in the earnings of the Company,” said Kevin J. Lynch, the Comp...
    On November 21, 2017 / By
  • Finance 0

    The ECB Wants To Freeze Bank Accounts In Case Of A Bank Crisis

    We were among the first ones to warn about the Banking Recovery and Resolution Directive (BRRD), which allows a failing bank to use its clients’ accounts for a bail-in. Any time this was – rarely – mentioned in the media, either the banker or someone from a regulatory agency would say there was nothing to worry about, since accounts of less than 100 000 euro were not targeted by the directive. In fact, this is spelled out in the wording of the directive, but we had explained that this guarantee was purely an illusion and that accounts with less than 100 000 euro would be targeted as well. But we were preaching in the desert until n...
    On November 21, 2017 / By
  • Finance 0

    Lowe’s Companies Shares Plummet Despite Q3 Profit

    On Tuesday before the market opened, shares of Lowe’s (LOW) took a dive following news that COO Rick Damron will retire in February despite posting profits. The company said that Richard Maltsbarger, current chief development officer, will take his place. LOW posted adjusted third quarter earnings per share of $1.05 on $16.77 billion in sales while analysts were looking for earnings of $1.02 on $16.59 billion in sales. They also bought back $500 million worth of stock in the third quarter. Lowe’s Technicals Shares of LOW initially jumped following their earnings release but once investors found out about Rick Damron retiring they quick...
    On November 21, 2017 / By
  • Finance 0

    3 Canadian Licensed Producers That Are Prime Acquisition Targets

    TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Canada’s marijuana market has been one of the hottest places to invest and this trend has shown no signs of slowing down. Canadian licensed medical marijuana producers have been one of the biggest beneficiaries of the recent rally and capital continues to pour into this burgeoning market. Canada’s legal marijuana market continues to expand rapidly as licensed producers are laser focused on increasing production capacity ahead of the opening of the recreational marijuana market in 2018.  Alth...
    On November 21, 2017 / By
  • Finance 0

    Understanding The CFNAI Components

    The Chicago Fed’s National Activity Index, which we reported on this morning, is based on 85 economic indicators drawn from four broad categories of data: Production and Income Employment, Unemployment, and Hours Personal Consumption and Housing Sales, Orders, and Inventories The complete list is available here in PDF format. In this morning’s Chicago Fed update, we learned that “Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) rose to +0.65 in October from +0.36 in September. One of the four broad categories of indicators that make up the index increased from Septembe...
    On November 21, 2017 / By
  • Finance 0

    E Elliott Wave Analysis: EURNZD And S&P500

    EURNZD can be trading within a three-wave bearish reversal, away from the top labeled at 1.7381 level. We can see that former impulse unfolded a nice bullish pattern, which now gives us thinking that maybe a change in trend may follow. Well we see waves a and b completed so current drop can be wave c. A breach below the 1.7145 level would suggest even more weakness. EURNZD, 1H S&P500 is trading in a bigger bullish rally, with final wave C leading the way. Wave c is an impulse, which means it must unfold five minor waves, ideally towards the Fibonacci ratio of 161.8. S&P500, 1H...
    On November 21, 2017 / By
  • Finance 0

    USD/CAD – Currency Bears Vs. Suport Line

    Although currency bears pushed the greenback lower against its Canadian counterpart earlier today, the medium-term support line based on September and October lows continues to keep declines in check. What does it mean for USD/CAD? EUR/USD   Earlier today, EUR/USD slipped slightly below the previously-broken upper border of the purple declining trend channel, but then invalidated quickly this tiny drop, which triggered further improvement. Despite today’s increase, the exchange rate remains under the 50% Fibonacci retracement and the lower border of the orange resistance zone (marked on the monthly chart), which together with the sell sign...
    On November 21, 2017 / By
  • Finance 0

    USD/CAD – Currency Bears Vs. Suport Line

    Although currency bears pushed the greenback lower against its Canadian counterpart earlier today, the medium-term support line based on September and October lows continues to keep declines in check. What does it mean for USD/CAD? EUR/USD   Earlier today, EUR/USD slipped slightly below the previously-broken upper border of the purple declining trend channel, but then invalidated quickly this tiny drop, which triggered further improvement. Despite today’s increase, the exchange rate remains under the 50% Fibonacci retracement and the lower border of the orange resistance zone (marked on the monthly chart), which together with the sell sign...
    On November 21, 2017 / By
  • Finance 0

    S&P 500 Tops 2600 For First Time As VIX Crashes To 9 Handle

    Equity investors, corporate boards, and momo machines are panic-buying stocks this morning, sending the S&P 500 above 2600 for the first time ever… as the yield curve crashes to decade flats… VIX down, Stocks Up… While USD/JPY momo is helping, stocks are quite decoupled… And so are bonds…...
    On November 21, 2017 / By