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  • Finance 0

    “They Dodged A Bullet”: Why Insurer Stocks Are Soaring

    After tumbling last week on concerns that between damage from Harvey and Irma, losses for the P&C space would be devastating, today the broader insurer space is breathing a sigh of relief after the Hurricane’s damage reportedly underwhelmed, especially following some especially dire observations over the weekend from the likes of Torsten Jeworrek, member of the board of the German reinsurance giant Munich Re, who on Sunday said that Hurricane Irma is proving to be a “major event” for Florida and the insurance industry. As Reuters reported yesterday, Jeworrek and other insurance executives gathered in Monaco for an annual confer...
    On September 11, 2017 / By
  • Finance 0

    Volatility Shakes Market: Top And Flop ETFs Over A Month

    After touching a peak in early August, the going became tough for the U.S. stock market thanks to volatility and heightened uncertainty. Notably, the major benchmarks, namely the S&P 500 and the Dow Jones shed 0.5% and 1.1%, respectively, in the past one month. The long list of woes started with escalating tensions between the United States and North Korea from word of war. Now, fears of a trade war are looming large with Trump threatening to put a ban on the countries that do business with the rogue regime. Then, Hurricane Harvey, first major hurricane in the United States in more than a decade, caused large-scale flooding along the U.S....
    On September 11, 2017 / By
  • Finance 0

    Financial Zombies Cannot See Massive Inflation Coming

    Analyst/trader Gregory Mannarino thinks the public has a huge false sense of security about the financial markets. Mannarino explains, “The general public is zombified… What the Federal Reserve is determined to do is kill the dollar. We might get a bounce here or there, but that downward trajectory that started in December is going to continue and has no end in sight. We know this because the Fed has said it is going to do whatever it takes to create inflation.The Federal Reserve thinks that making things more expensive and sucking the value out of the dollar means you are going to be better off.Right there you can see there is some k...
    On September 11, 2017 / By
  • Finance 0

    SPX Bullish Scenario To 2510-20 Winning Points So Far

    From my past analysis here and here I was focusing more on the bearish scenario, BUT price never broke down our support levels at 2445 or 2258. Price has risen now above  2480 and the bullish scenario has become the favorite one. However, I would like to remind that even if I see 2510 or higher as a possible target for the move from 2420 to complete, the bigger view remains bearish for a move below 2400. In my twitter poll bears won….but in real life they are still losing…. #spx where to over the next months? — Alexandros Yfantis (@alexanderYf) September 5, 2017 The downward move from its all time highs looks corrective in Elliott ...
    On September 11, 2017 / By
  • Finance 0

    Don’t Buy Long Volatility – It Is A Sucker’s Game

    Traders are trying to score big – but they’re playing a sucker’s game. The idea is to buy volatility when it’s low and wait for the ultimate move to the upside. They are dreaming of a move we haven’t seen since 2008 when volatility took off like a rocket ship into space. Back then, the VIX hit well over 90 as it appeared the world was coming to an end. If you bet long volatility, your bet failed. And your bets have continued to fail. Copyright: argus456 / 123RF Stock Photo Why it’s a bad idea to buy long volatility Big spikes in volatility have been short-lived. Case in point: Volatility spiked twice in August. They were two of t...
    On September 11, 2017 / By
  • Finance 0

    Crude Oil Invalidated Breakout – What’s Next?

    On Friday, crude oil moved sharply lower and lost over 3% after investors digested the EIA report and reacted to the increase in crude oil inventories. Thanks to these circumstances, light crude invalidated the earlier breakout above the resistance area and slipped well below $48. What does it mean for the commodity? Crude Oil’s Technical Picture Let’s take a closer look at the charts below (charts courtesy of http://stockcharts.com). On Thursday, we wrote the following: Yesterday, crude oil extended gains, but did this increase change anything? In our opinion, it didn’t. Why? As you see on the weekly chart, despite Wednesday’s move,...
    On September 11, 2017 / By
  • Finance 0

    Dollar Recovering Its Losses On The Back Of Growing US Bond Yields

    On Monday the 11th of September, as geopolitical tensions subsided, investors’ appetite for risk returned. In the European session, the dollar rose against the Japanese yen, Swiss franc, and gold. On the other hand, the US dollar lost ground against the loonie, British pound, and Kiwi dollar. The dollar/yen rate rose to 108.66 and the dollar/franc to 0.9512. Gold, meanwhile, has dropped by 0.77% to 1,336 USD/oz. During trading in Europe, the euro recovered to 1.2030 and is still above 1.20 at the latest reading. The technical picture favours the bears today. In addition to this, US 10Y bond yields have hit a new daily high in the last hour...
    On September 11, 2017 / By
  • Finance 0

    Franklin Resources: A Cheap Dividend Aristocrat Or Value Trap?

    When it comes to low-risk dividend investing, it’s usually hard to go wrong with dividend aristocrats, those 51 S&P 500 companies that have managed to grow their payouts for at least 25 consecutive years. After all, such consistent growth generally requires that a company operate in a stable, growing, and wide moat business. As importantly, management needs to be conservative and take a long-term disciplined approach to growth, while continuously evolving the business in case the industry undergoes large and or rapid changes. However, as the saying goes, “past performance is no guarantee of future results.” From time to time, secu...
    On September 11, 2017 / By
  • Finance 0

    USDCAD Daily Analysis – Monday, Sept. 11

    USDCAD extended its downside movement from 1.2662 to as low as 1.2061. As long as the price is below the bearish trend line on the 4-hour chart, the bounce from 1.2061 could be treated as consolidation of the downtrend, and a further decline to 1.1800 area is still possible. Only a clear break above the trend line resistance could signal completion of the downtrend....
    On September 11, 2017 / By
  • Finance 0

    Mid-Term Trading Idea FX EURCAD – Bear Speculation: Building On The Idea From The 10th Of July

    Trading opportunities on the currency pair: In the period from the 12th of July to the 11th of September, the Bank of Canada twice raised interest rates, with the key rate now at 1%. With this in mind, interest in the Canadian dollar is set to rise significantly. In my forecast, I’m predicting a continued drop on the euro to around 1.4351 – 1.4395. After this zone gets broken through, the Canadian dollar is expected to continue strengthening, reaching 1.3960 by the 14th of October this year. The previous idea on this currency pair was published on the 10th of July. At the time of press, the euro was trading at 1.4679 CAD. The Canadia...
    On September 11, 2017 / By