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  • Finance 0

    USDCAD – Top Of The Range?

    The collapse in oil prices yesterday pushed USDCAD to the top of its recent range at 1.3500. With crude still stuck at the $50/bbl and further weakness likely the loonie could push through the key 1.3500 resistance level as traders begin to worry about the impact of lower oil prices on the Canadian economy. But push higher may not have much traction especially if oil finds support at the $45/bbl level. The Canadian economy is no longer so dependent on resource prices and has shown remarkable resilience in the wake of lower oil prices. Tomorrow the market will get a look at Canadian CPI data and if inflation numbers come in hotter than the 0.4...
    On April 20, 2017 / By
  • Finance 0

    This Is Not A Bullish Signal In The Gold Mining Space

    Gold lost some value yesterday, as it fell from $1290 to $1270, but it recovered and stabilized at $1283 today. Gold is getting quite some attention lately. With political instability picking up again, investors and media favor the safe haven appeal of gold. But is gold really bullish or bearish right now? Moreover, what to think of gold mining stocks: buy or not? First of all, InvestingHaven repeatedly said that April would be very important for gold and silver prices. Both gold and the dollar are close to new bullish or bearish trends. That is primarily because of their individual chart setup, but, more so, their intermarket dynamics whic...
    On April 20, 2017 / By
  • Finance 0

    Oil And IBM Crash On Wednesday

    The three news items which drove equities on Wednesday were the drop in oil prices, the drop in IBM’s stock, and the Fed’s Beige Book. I recently called IBM a zombie stock because of its revenue declines. The weakness is finally being reflected in the stock as it is down about 11% since March 1st. WTI oil was down 3.66% to $50.49. Just as I said I was wrong about the latest rally in oil on Tuesday, it fell the most since March 8th on Wednesday. The Dow had another day of underperformance as Goldman Sachs pushed it lower Tuesday and IBM pushed it lower Wednesday. The Dow is weighted according to the price of the stock instead of by mar...
    On April 20, 2017 / By
  • Finance 0

    Perfect Retracement To Support For Goldman

    I’ll just toss out this chart, then I’ll say something unrelated…. OK, so the next three days are going to be rather unusual, because I’ll be traveling. In-the-know Slopers know what a powerful “indicator” my traveling can be, so trade accordingly. The most important point is that I won’t be wet-nursing the blog to the extend I normally do. Outside contributors, I’d like to particularly encourage you to add posts. For everyone else, don’t worry if some posts seem to be getting old and accumulating a huge number of comments. There will be times, particularly this weekend, where I’ll be able to catch up. Things will be back ...
    On April 20, 2017 / By
  • Finance 0

    Current Watchlist – April 20, 2017

    My current watch list involves the following companies Qualcomm, AT&T, BHP Billiton, T. Row Price Group and Exxon Mobile. As you can see the list is relatively large but let’s dive into every stock a little deeper. Qualcomm Inc. Qualcomm just inreased the dividend by 7.5% to a new yearly dividend of 2.28 USD per share. Based on the current share price of 52.48 USD the company also offers a very attractive yield of 4.34%. By the new dividend the payout ratio will be around 53% considering the lower EPS expections of 4.31 USD for 2017. The reason why Qualcomm looks so attractive is the fact, that it offers a high yield with rea...
    On April 20, 2017 / By
  • Finance 0

    Stock Market “Going Nowhere” Short To Medium Term

    Stock market indexes gain around 1 percent today. Small cap index Russell 2000 is about close around 1382 points, a gain of 1.15 percent, the best performing U.S. stock market index of the day. How meaningful was today’s strong day in the stock market mean in the bigger picture? In order to answer that question, investors should turn to leading stock market indicators. In this article, two leading indicators are revised: the transportation index and biotechnology. Based on the current set up of these two indicators, InvestingHaven‘s research team believes there is a fair chance that stocks particularly in the U.S. are “going nowhere...
    On April 20, 2017 / By
  • Finance 0

    Buy-Ranked Mid-Cap ETFs For A Shaky Market

    The first quarter was great for the U.S. stock market with the major benchmarks logging in the best quarterly performance in many years. However, the bullish trend seems to be stalling with the rise in volatility and uncertainty as well as fading of Trump trade. This is especially true against the backdrop of feeble data and growing geopolitical tensions. In particular, the latest round of economic data disappointed for the first time since the U.S. elections, suggesting that the economy has started to lose momentum again. The U.S. added just 98,000 jobs in March, marking the lowest level in 10 months and well below economists’ expectat...
    On April 20, 2017 / By
  • Finance 0

    Stocks, Dollar, Yields Rally On Mnuchin Tax Cut Comments

    In a day full of upside catalyst for the reflation trade including the strong TIPS auction, the speculation that the Obamacare repeal effort is back on track, and perhaps best of all the absence of hard data (today’s Philly Fed “soft data” was, well, quite soft), the dollar, the S&P and Treasury yields all rose, after Treasury Secretary Steven Mnuchin said that “we are close to bring forward major tax reform”, refuting speculation that it may be delayed into 2018. In kneejerk reaction to the Mnuchin seemingly confident comments, the Bloomberg dollar index, BBDXY, erased its intraday drop to trade little chang...
    On April 20, 2017 / By
  • Finance 0

    Bonds Lead The Way Before The SPX Rallies

    The stock market rally, bond lead the way before the SPX rallies, short term trading, swing trading, bond market, bond futures, /ES futures stocks bonds. stock market trading, relative value trading, fed futures trade, finance invest. Video Length: 00:03:33...
    On April 20, 2017 / By
  • Finance 0

    Bonds Lead The Way Before The SPX Rallies

    The stock market rally, bond lead the way before the SPX rallies, short term trading, swing trading, bond market, bond futures, /ES futures stocks bonds. stock market trading, relative value trading, fed futures trade, finance invest. Video Length: 00:03:33...
    On April 20, 2017 / By