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  • Finance 0

    Nasdaq Futures: Impulsive Rally

    Nasdaq Futures rally from 2.11.2016 low is unfolding as an Elliott Wave Impulse as we can clearly see three channels in price and momentum (RSI) to support this idea. Wave ((1)) ended at 4919.50 as a diagonal, wave ((2)) ended at 4558.50, wave ((3)) completed at 5907.50 and dip to 5560 completed wave ((4)) on 7.5.2017. Up from there, so far we can only see three swings up and as wave ((5)) can’t be in 3 swings, we expect to see more upside in NASDAQ Futures to complete wave ((5)) which should also end the cycle from 2.11.2016 low. Near-term focus is on 6178 – 6279 area to complete wave (3) of ((5)) before we get a pull back in wave (4) to...
    On October 17, 2017 / By
  • Finance 0

    5 Energy Stocks Ready To Beat Earnings This Quarter

    Over the last three years, the energy market has experienced intense price volatility. However, it seems that following an extended period of relative weakness, energy stocks are finally on their way to recovery. With crude now back over $50 and natural gas revolving around the pivot point of $3, the panic that swept over the market are all but gone. The incredible turnaround has stoked high expectations from the energy sector going into the penultimate quarter of 2017. Let’s take a look at how oil and gas prices behaved during the third quarter of this year and what makes the Energy sector a material factor this earnings season. Q3 Rep...
    On October 17, 2017 / By
  • Finance 0

    Q3 Earnings Were Hurt By Hurricanes

    Q3 Earnings Update This week is when earnings season starts to pick up as Netflix – NFLX headlines the reports. Up until this week, 28 companies in the S&P 500 have reported earnings. Considering the fact that earnings growth is only expected to be 2.1% according to FactSet’s numbers, looking at explanations for why the quarter was so bad makes sense. The chart below shows the reasons companies gave for why their earnings weren’t as strong as they could have been. The number one excuse companies gave was the hurricanes which supports the bullish narrative since they are one time events. PepsiCo said “We estimate the impact of ...
    On October 17, 2017 / By
  • Finance 0

    USD/CHF Testing Make-Or-Break Resistance

    USD/CHF Daily Chart Technical Outlook: Earlier this month we highlighted that USD/CHF was heading into a key resistance confluence at 9833 just ahead of the U.S. Non-Farm Payrolls report. The advance reversed sharply after registering a high at 9836 with the pullback rebounding off the 50-line of the ascending pitchfork formation we’ve been tracking off the yearly lows. The advance is once again approaching critical confluence resistance with the immediate advance at risk while below 9808/21– a level defined by the March swing low, the 200-day moving average and basic slope resistance extending off the yearly high. Interim sup...
    On October 17, 2017 / By
  • Finance 0

    Central Bank Chiefs And Currencies

    The market is fickle. It has jumped from one candidate to another as the most likely Fed Chair. Until his belated and mild criticism of the President dealing with race issues, economic adviser Cohn was regarded as the most likely successor to Yellen at the head of the Fed.   When Cohn fell out of favor, it was seen as a contest between Yellen and former Fed Governor Warsh. Powell’s stock rose recently, and there have been reports that Treasury Secretary Mnuchin favors him. Yellen had slipped in the betting markets, as president-as-disrupter has little time for tradition or the fact that Yellen has steered the Fed quite remarkably t...
    On October 17, 2017 / By
  • Finance 0

    Gold: Textbook Pullback In Play

     Gold’s recent rally from the $1268 area lows has stalled, and the reasons for that are both fundamental and technical. Double-click to enlarge this daily gold chart.  Gold fell about $100 from the $1362 area highs as seasonally soft Chinese buying was accompanied by a collapse in Indian demand. That collapse was caused by the “Know Your Client” rule imposed by the government on gold jewelry purchases. The price decline was exacerbated by the “Golden Week” holiday in China. Also, the Chinese government chopped commercial bank reserve requirements. That created a huge “risk-on” mentality in global stock markets during what is...
    On October 17, 2017 / By
  • Finance 0

    Big Trouble In Little China?

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    On October 17, 2017 / By
  • Finance 0

    Swing Trading Strategy – Tuesday, October 17

    My Swing Trading Approach I’m looking to add some long exposure today, should the market show enough bullishness to support a move. Still maintaining the ability to get short quickly, should the opportunity arise.  Indicators VIX – VIX spiked higher by 3.1%, but still trading below 10 currently.  T2108 (% of stocks trading below their 40-day moving average): Continual fading with only 69% of stocks trading above the 40-day moving average now.  Moving averages (SPX): 10-day moving average is creeping up on the 5-day MA. Both of which could be broken on any significant sell-off.   Industries to Watch Today Financials consoli...
    On October 17, 2017 / By
  • Finance 0

    Survey Highlights Department Store, Apparel Retailers’ Amazon Risk

    This morning, Morgan Stanley analyst Kimberly Greenberger told investors that her firm’s latest apparel survey lends support to her belief that Amazon (AMZN) is quickly gaining traction at the expense of department stores and certain specialty retailers. This comes amid reports that Amazon has tapped some of the biggest athletic-apparel suppliers to make a foray into private-label sportswear.   SURVEY SAYS: In a research note to investors this morning, Morgan Stanley’s Greenberger pointed out that her firm’s third annual AlphaWise apparel survey supports her thesis that Amazon is quickly gaining traction at the expense of d...
    On October 17, 2017 / By
  • Finance 0

    Buy Gold Now Before It Climbs 500%

    I recently told readers of my Real Wealth Strategist newsletter: Now is the time to buy gold. I believe we are in the initial stages of a bull market that could see the price climb 500% or more from here. It happened in the past … and it is showing signs of repeating. The price of gold (in U.S. dollars) continues to rise. It bottomed in December 2015 around $1,050 per ounce. Since then, it settled into a pattern of rise and fall — with the new lows higher than the previous ones. That’s a good indication that the price will continue to move higher. You can see what I mean in the chart below. As you can see, the gold price should end the ...
    On October 17, 2017 / By