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Gold – Two-Thirds Odds Prices Fall On A Support Break
Since the peak in 2011, gold remains in a downtrend, creating a series of lower high and lower lows. Gold’s rally in 2016 is attempting to break this 5-year falling trend, as it is attempting to break a series of lower highs. Over the past 6-months, gold could be creating a rising wedge pattern. This pattern two-thirds of the time, suggests lower prices are ahead. If history is to come true per this pattern, support needs to be taken out at (1) above. If support does give way, selling pressure could increase. The pattern in the US$ looks almost the polar opposite (bullish falling wedge resistance test in play). Should gold break above trip... -
Finance 0
Five Stocks To Watch This Week – TIF, ANF, SPLK, GME, ULTA
Wednesday, May 25 Thursday, May 26 Tiffany & Co. (TIF) Consumer Discretionary – Specialty Retail | Reports May 25, before the open. The Estimize consensus is calling for earnings of 69 cents per share on $922.7 million in revenue, a penny higher than Wall Street on the bottom line but $2.5 million below on the top. Earnings per share estimates have dropped 13% in the past 3 months on negative sentiment heading into the Q1 report. Compared to a year earlier, this reflects a 15% decline in EPS with revenue projected to fall 4%. What to Watch: In the past few years demand for jewelry has substantially declined, led by a strong U.S. do... -
Finance 0
Silver Prices Drift Lower Following Fed June Hike Speculation
Silver prices are short-term bearish below the May 20 high of $16.63, and the trend is bearish below this high as it’s a lower high in relation to the previous high of $16.90 formed on April 19. In a downtrend similar to the current, the norm is for price to drift lower, creating lower highs and lower lows, according to classic technical analysis. A near term resistance level is the high of $16.43, formed yesterday afternoon in London. Support levels are today’s London morning low of $16.21, followed by the April 18 low of $16.09. Silver Price | CFD: XAG/USD Created with Marketscope/Trading Station II; prepared by Alejandro Zambrano The ... -
Finance 0
Trading Between The 20s And 200s….
For fourteen of the past fifteen days the S&P 500 has been trading between the 20- and 200-day exponential moving averages. Neither side has been able to take control. Boring beyond words. Day after day we move basically nowhere. The volatility is gone for now. I have no idea what catalyst will come along to allow for a breakout, but you don’t know if you can even trust when the move occurs. The 20-day is at 2059. The 200-day is at 2024. When one breaks we should expect a directional move. It should, but who knows for sure. This market has opposing forces working. The bulls have the Yellen. Low rates are here to stay. Yes, we’... -
Finance 0
E Why I’m Buying Bonds
Having flip-flopped twice so far in 2016, my bet is that the Federal Reserve flip-flops on its monetary policy, yet again. Yes, buying bonds may appear like high treason for someone who has been trading stocks for a half century (I’m currently reading the biography of Benedict Arnold, a deeply misunderstood man). I have made money on the well known “Sell in May and Go Away” effect for the past ten years. What’s different this year is that even conservative managers who usually “poo poo” this seasonal phenomenon are coming around to my way of thinking, and getting extremely nervous. At last week’s Wednesday afternoon massacre, th... -
Finance 0
Monsanto Deal Below $140/Share – Reasonable For Bayer, Says Deutsche Bank
Deutsche Bank analyst Tim Race believes a takeover price for Monsanto (MON) below $140 per share is reasonable for Bayer (BAYRY). Monsanto closed yesterday up $4.47 to $105.99 after Bayer announced a $62B bid for the company. Accretion breakeven for Bayer is around $149-$158 per Monsanto share, the analyst tells investors in a research note. Bayer’s offer for Monsanto has not been taken well by investors, Race argues. The analyst believes the financing structure as well as differences in opinion between management and investors on the strategic direction of Bayer have all contributed to the stock dropping 15% in the past two weeks. Race... -
Finance 0
The Stock Whisper Of The Day: GDX, AA, FCX, BBY, AAPL
Hot stocks of the day: GDX, AA, FCX, BBY, AAPL Video length: 00:05:46... -
Finance 0
The Yuan And Market Forces: Declaratory And Operational Policy
The Wall Street Journal is reporting that minutes of a meeting in China two months ago reveal that officials there have abandoned their commitment to give market forces greater sway in setting the yuan’s exchange rate. Reportedly, in response to economists and banks request that officials stop resisting market pressure, one PBOC official explained that “the primary task is to maintain stability.” The WSJ cites the minutes of the meeting and interviews with Chinese officials and advisers to conclude that the central bank “had ditched the market-based mechanism,” though has not formally announced the change.... -
Finance 0
EUR/USD Faces Downside Pressure In The Short Term
EUR/USD: With EUR/USD weakening during Tuesday trading session, further decline is expected in the days ahead. Support lies at the 1.1150 level. Further down, support comes in at the 1.1100 level where a violation will aim at the 1.1050 level. A break of here will target the 1.1000 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance comes in at 1.1250 level with a cut through here opening the door for more upside towards the 1.1300 level. Further up, resistance lies at the 1.1350 level where a break will expose the 1.1400 level. All in all, EUR/USD faces a move lower on further... -
Finance 0
Inside JPMorgan U.S. Mid Cap ETF
The broader U.S. market has been in a tight spot since the beginning of 2016 due to a host of global issues and uncertainty about the rate hike. Amid these concerns, mid-cap funds offer the best of both worlds, growth and stability when compared to small-cap and large-cap counterparts. Mid-cap funds are believed to provide higher returns than their large-cap counterparts, while witnessing a lower level of volatility than small-cap ones. Given the swings in the broader market segment so far this year, mid-cap funds have garnered a lot of attention as they are not very susceptible to volatility (read: 5 Mid Cap Value ETFs Are Top Picks NowR...
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