Latest Posts
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Finance 0
S&P 500: At Death’s Door
Although the title of this post describes my physical condition, I have crawled over from my bed to put up a post… what a day for me to be sick, huh? We’re actually down for a change. But I’m ready for them to put me in a coffin. Anyway, if we break 2412.50 and stay below it, those bullish turds are in for some more well-deserved pain.... -
Finance 0
E Miners Formed Bullish Engulfing Candles
Miners formed bullish engulfing candles yesterday, and they could be attempting to bounce. Closing above yesterday’s highs will confirm that a short-term rebound has begun. Failure to close above yesterday’s highs will lead to another 1-3 day decline. XAU- The XAU formed a bullish engulfing candle. A daily close above 80.01 will confirm that a short-term bounce has begun. If prices bounce, the rebound could last anywhere from a few days to a week or two. Nevertheless, prices should not exceed the 200-day MA. Failure to close above 88.01 will lead to another 1-3 day decline and a test of 77.50. GDX- Prices formed a bullish engulfing candle... -
Finance 0
Celsion Corporation Announces $5 Million Registered Direct Offering
LAWRENCEVILLE, N.J., July 06, 2017 (GLOBE NEWSWIRE) — Celsion Corporation (the “Company”) (Nasdaq:CLSN) today announced that it has entered into definitive agreements with several institutional investors to purchase an aggregate of approximately $5 million of shares of common stock, or pre-funded warrants in lieu thereof, in a registered direct offering. The Company agreed to sell an aggregate of approximately 2.435 million shares of common stock, or pre-funded warrants in lieu thereof, at a price of $2.07 per common share or warrant share, respectively, in the registered direct offering. Additionally, the investors will receive,... -
Finance 0
Hoegh LNG Partners LP: Small-Cap MLP Priced For Double-Digit Total Returns
When investors think about investing in master limited partnerships, the first subsector that likely comes to mind is midstream energy companies – operators of pipelines and storage vessels. What investors likely don’t think of is marine-based vessel transportation partnerships. There is a reason for this. It is a relatively small market with one MLP holding a dominant leadership position. That MLP is Hoegh LNG Partners LP (HMLP), which trades on the New York Stock Exchange and has a market capitalization of $647 million. What immediately stands out about this partnership is its exceptionally high dividend yield. Hoegh LNG Partners cur... -
Finance 0
Markit Services PMI: Strongest Business Activity Expansion Since January
The June US Services Purchasing Managers’ Index conducted by Markit came in at 54.2 percent, up 0.6 percent from the May estimate. The Investing.com consensus was for 53.0 percent. Markit’s Services PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Here is the opening from the latest press release: Business activity in the US service sector increased at the fastest pace since January in June, according to the latest survey data. Meanwhile, accelerations in new order and employment growth supported increased optimism in the sector. On the price front, input price infla... -
Finance 0
Don’t Hold Your Breath For Deeper OPEC Cuts
The rally in oil prices over the past two weeks came to a halt on Wednesday on news that OPEC is actually exporting more oil than previously thought. A month ago, oil prices appeared to be higher than they should have been, with weak demand, elevated inventories, and a recognition that the nine-month OPEC extension would be inadequate to balance the market. Oil sold off and dropped to the mid-$40s and below. Oil traders then bought on the dip, and bid prices back up over the past two weeks. Now, prices again look like they could be reaching an upper limit. The air is getting thin for oil prices. The price increase just ran out of steam,... -
Finance 0
PriceSmart, Inc. Shares Sliped On Missed Third Quarter Results
PriceSmart, Inc. (PSMT), a global company that operates membership shopping warehouse clubs yesterday reported their operations fiscal third quarter 2017 financial results. They reported third quarter earnings of $18.8 million while third quarter earnings came in at $0.62 per share. PriceSmart reported third quarter revenues of $730.3 million. PriceSmart Technical Analysis PSMT opened trading yesterday at $87.30 which was down from the previous day’s trading close of $87.60. PSMT closed trading yesterday at $88.00 and spiked down aftermarket to $81.00, equivalent to a 8% decrease from the closing price. Taking a look at the daily chart w... -
Finance 0
Nickels In The Bathroom
“Don’t use the east bathroom” the young kid in the yellow jacket announced, “it’s happened again.” The year was sometime in the early 90’s and I was visiting the Chicago Mercantile Exchange. Huddled around a bank of phones crammed onto a tiny desk facing the D-mark pit, the other yellow jacket clerks and the two CME members with their distinguishing red blazers, just nodded at the information and went back to work taking orders from the ringing phones. Thinking someone would surely take a moment to describe why we shouldn’t use the east bathroom, I stood quietly waiting for the explanation. But it never came. Thinking it must ... -
Finance 0
Canadians Using Homes As ATMs
We have encountered several people in the past year who have been gutting the equity in their homes via mortgages and ‘Home Equity Lines of Credit’ to speculate on other properties and security portfolios. Often they are doing so on the ‘advice’ of their bankers, mortgage brokers, realtors and stockbrokers, financial planners’and even accountants. Others have taken How to get rich seminars with HGTV celebrities like Scott McGillivray (similar to the Trump ‘University’ courses that people were paying thousands to take a few years back). Sales puff designed to profit off the gullible. All of this great for enriching those collec... -
Finance 0
People Should Know When They’re Conquered
Two weeks ago, I took a shot and called the top of the stock market. If you are a newsletter writer and you aren’t trying to call major turns in the market, you are not really doing your job. If you missed that issue, I suggest you go back and take a look at it. My argument is that speculation is getting out of control. And not just on stocks—on bitcoin, comic books, all kinds of stuff. When you have one bubble, you usually have others, concurrently. But the one that people are most focused on is the bubble (if you want to call it that) involving Facebook, Amazon, Netflix, and Google. Throw in Apple and Tesla for good measure, and maybe ...
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