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  • Finance 0

    To Track The Dollar, Or To Track The Basket; That Is The Question Around The Yuan

    Fundamental Forecast for the Yuan: BEARISH China’s Market News: PBOC Addresses Weakness in Yuan Index China’s Market News: China Unleashes Revised GDP Calculation Method What Are the Traits of Successful Traders? Get FXCM’s Free New eGuide The onshore Yuan lost against the US Dollar for the fourth consecutive week and hit new lows at levels not seen since November 2010. As of 10:20 am EDT, the onshore Yuan (USD/CNY) dropped -0.48% to 6.6869. The offshore Yuan lost value against the Dollar for the third consecutive week, down -0.35% to 6.7001. Both the onshore Yuan and offshore Yuan gained against the British Pound for the third con...
    On July 10, 2016 / By
  • Finance 0

    “Breakout” – Let’s Try This Again

    Here we go again. Another Friday. Another attempted breakout above the 2100 level on the S&P 500. Over the last couple of months, as shown below, this has become a regular occurrence. While the market is once again extremely overbought on a weekly basis, the employment report on Friday which showed a historically abnormal surge in June jobs growth, despite a weaker than expected wage increase and further negative revisions to May’s report, sent investors scrambling into the market. That push on Friday was enough to trigger a short-term buy signal and set the market up for a push to all-time highs. However, don’t get too excited just ...
    On July 10, 2016 / By
  • Finance 0

    5 REITS Increasing Dividends In August

    In a volatile and sideways market like we are seeing this summer, one way to get some positive pop in your portfolio is to hold stocks that announce higher dividends. The market likes dividend increases and such announcements usually produce a nice share price gain. The secret is to know which stocks will make a higher dividend announcement before the rest of the market finds out. Many real estate investment trusts (REITs) are stocks that pay attractive current yields and regularly increase their dividend rates. I maintain a database of about 100 REITs with histories of dividend growth. Most of these companies increase their quarterly dividen...
    On July 10, 2016 / By
  • Finance 0

    Trading Support And Resistance- Week Of July 11

    This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 11 years of Forex prices, which show that the following methodologies have all produced profitable results: Trading the two currencies that are trending the most strongly over the past 3 months. Assuming that trends are usually ready to reverse after 12 months. Trading against very strong counter-trend movements by currency pairs made during the previous week. Buying currencies with high interest rates and selling currencies with low interest rates. Let’s take a look...
    On July 10, 2016 / By
  • Finance 0

    When Does This All End?

    When does the yellow brick road end? When does the S&P 500 market rally from March 2009 end?  ...
    On July 10, 2016 / By
  • Finance 0

    Waiting For A Direction

    During the last rally, there haven’t been a lot of strong bullish signals being sent from sentiment on the Twitter stream. Instead,it looks like everyone is waiting to see if the S&P 500 Index (SPX) can break to new all time highs. First take a look at price target tweets gleaned from the Twitter stream. There aren’t a lot of tweets above the all time highs. This indicates that traders are waiting and/or chasing price. They are tweeting price after it is achieved rather than in anticipation of a move higher. Another sign of weakness is that 7 day momentum and sentiment from Twitter for SPX is still below bear market overbought levels....
    On July 10, 2016 / By
  • Finance 0

    Deutsche Bank Chief Economist: “Europe Is Seriously Ill”, Banks Need €150 Billion Bailout

    David Folkerts-Landau, chief economist at Deutsche Bank, says “Europe is Seriously Ill”, and EU banks need a €150 billion bailout program. Via translation from Die Walt: German Bank Chief Economist Calls for €150 Billion Bank Bailout. Europe risks a new banking crisis says David Folkerts-Landau, chief economist at Deutsche Bank. He suggests a huge EU bailout program. Private creditors should not participate. “Europe is seriously ill” Rules prohibit state aid. However, bail-ins are not politically feasible because it would take out a lot of private savers in Italy, and possibly even trigger an onslaught of creditors and customers ...
    On July 10, 2016 / By
  • Finance 0

    Weekend Update And Top Holdings – 7/10/2016

    Stocks staged a powerful rally with extremely solid breadth on Friday with volume slightly higher on the Nasdaq and basically flat on the NYSE. The move on Friday sent the SPX and DJIA to new 2016 highs and placed them within reach of new all-time highs. The Nasdaq and RUT remain range bound with the DJT still showcasing weakness overall. Due to the shape of the overall market our models are now under mixed signals with the DJIA SPX under operational BUY signals, the COMPQ NDX RUT and NYSE under operational NEUTRAL signals and the DJT under an operational SELL signal. A lot of traders believe that the move on Friday was an extremely bullish m...
    On July 10, 2016 / By
  • Finance 0

    Swing Trading Watch-List: CSCO, ATI, DDD, CSX, YHOO

    Here’s your swing-trading watch-list: Long Cisco Systems (CSCO) Long Allegheny Technologies (ATI) Long 3D Systems (DDD) Long Yahoo (YHOO) Long CSX Corp (CSX)...
    On July 10, 2016 / By
  • Finance 0

    Tesla Motors Is About To Crash And Burn

    Tesla, the greatest fanboy stock of the past half decade, is well on its way to becoming nothing more than a memory. The news of a recent fatal crash of a Ohio man and the pending SolarCity buyout could two of many insurmountable difficulties that cause this company to fail. Even with a perfect storm of negativity, and gross uncertainty, Tesla (NASDAQ: TSLA) shares still trade above $200. Why is that? How can so many shareholders simply overlook the fact that Tesla is still a long way from making money? Not to mention the recent move to buy SolarCity (NASDAQ: SCTY), which is a deal filled with corporate governance red flags. To start, Tesl...
    On July 10, 2016 / By