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  • Finance 0

    E Market Briefing For Tuesday, May 24

    Dire warnings compete with financial fantasy in the ongoing efforts by most analysts and money managers to dissuade investors from demanding selling in a struggling market that is conflicted in so many ways. Simply put, we’ve arrived at the point after nominal Expiration; the internal distribution persists on rallies; at the same time the market gives ground reluctantly because shorts get run-in. The new week began as we suggested; some minor efforts to extend the upside with no real gusto. While allowing for a brief flailing punch above a visible standard deviation mean that happens to closely track a little daily declining-tops patter...
    On May 23, 2016 / By
  • Finance 0

    Markel Corporation – Chart Of The Day

    The Chart of the Day belongs to Markel Corp. (NYSE: MKL). I found the P&C insurance stock by using Barchart to sort today’s All Time High list first for the most frequent new highs in the last month then again for the technical buy signal of 80% or more. Since the Trend Spotter signaled a buy on 5/3 the stock gained 6.25%. Markel Corporation markets and underwrites specialty insurance products and programs to a variety of niche markets. The status of Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore ...
    On May 23, 2016 / By
  • Finance 0

    Has Amazon Destroyed Best Buy’s Business?

    Photo Credit: Mike Mozart Best Buy Co., Inc. (BBY) Consumer Discretionary – Specialty Retail | Reports May 24, Before Market Opens Key Takeaways The Estimize consensus is calling for earnings of 36 cents per share on $8.30 billion in revenue, 1 cent higher than Wall Street on the bottom line and right in line on the top Best Buy is focused on enhancing its online business due to increasing threats from online rivals like Amazon Online sales have maintained double digit gains but only account for 11% of Best Buy’s revenue What are you expecting for BBY? Get your estimate in here! Consumer electronics retailer, Best Buy, is schedule...
    On May 23, 2016 / By
  • Finance 0

    Pervasive Death Crosses Are U.S. Stock Market Sell Signals

    …Those who are ignorant of financial history are doomed again to suffer its dreadful and costly consequences…and today’s death crosses…[as seen] in 7 major U.S. stock market indices…are stock market sell signals. Guest post by I.M. Vronsky (Gold-Eagle.com) A recent insightful and timely article by internationally known analyst Graham Summers galvanized my attention.  Graham’s focus was using Weekly Charts to demonstrate the accurate forecasts of Bear Markets in the US.  His stock sell signal is based upon the Death Cross definition where the 50-week moving average falls below the 100-week moving average.  Summer...
    On May 23, 2016 / By
  • Finance 0

    Global Crude Oil Prices And A Delicate Re-balancing Act

    Global crude oil prices have risen by more than 75% from near twelve-year lows reached in January. The recent spike was driven largely by unscheduled supply outages in major oil-producing centers including Canada, Ghana and Nigeria. Given the sustained, significant oil imbalance (the excess of supply over demand), the outages were seen by not a few traders as a major step towards a long-awaited, supply re-balancing. Estimates of the total oil supply reduction due to the outages including other withdrawals year-to-date, stood at about 2.5 million barrels per day, bpd, just a few days ago. Not discounting the recent price spike, such rapid supp...
    On May 23, 2016 / By
  • Finance 0

    Rising Price Of Gold A Vote Of No-Confidence In Central Bankers; $10K Gold On The Horizon

    Jim Rickards recently appeared on CBC News’ The Exchange and made the case for $10,000 gold. He said the recent jump in the price of gold represent a world-wide vote of no-confidence in central bankers. The increase in the dollar price of gold is just a reflection of the decline of the dollar. So, it’s sort of a vote of no-confidence in central bank policies. Investors are looking around saying. ‘We’re losing confidence in central bank money. We’d like another form of money, thank you very much.’ It’s called gold. So, that’s part of the reason gold is going up.” Rickards went on to explain why he thinks gold will ultimatel...
    On May 23, 2016 / By
  • Finance 0

    GBPUSD Looks To Recapture The 1.4402 Level

    GBPUSD: The pair continues to hold on to its downside pressure triggered on Friday. On the downside, support lies at the 1.4400 level where a break will turn attention to the 1.4350 level. Further down, support lies at the 1.4300 level. Below here will set the stage for more weakness towards the 1.4250 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance stands at the 1.4500 levels with a turn above here allowing more strength to build up towards the 1.4550 level. Further out, resistance resides at the 1.4600 level followed by the 1.4650 level. On the whole, GBPUSD looks to recapture its key s...
    On May 23, 2016 / By
  • Finance 0

    My Start In Investing And Where You Can Start

    I started investing in the midst of the market turmoil in 2008 and 2009 while I was in my last year of college. I was fairly ignorant to finance and investing at the time and actually studying biology. I became enthralled by the volatile markets and attracted to the vicissitudes of investing. I became particularly attracted to the teachings and musings of one of the greatest investors of all time – Warren Buffett. It seemed that in the midst of all the panic and turmoil, one person was staying cool, calm, and collected – buying up stocks and companies as if they were on sale. As it turns out, they were. My first brokerage account was with...
    On May 23, 2016 / By
  • Finance 0

    Euro Vs Yen Forex Overdue For A Bullish Reversal

    The US Dollar vs Yen (USD/JPY) has garnered most of the attention in the currency markets. However, another forex pair that has intrigued me is the Euro vs Yen (EUR/JPY). The weekly chart I have provided below indicates the trend is clearly bearish, but after having completing a 50% retracement, it is very close to its 2013 support level @ 119 – 118.70. Of course, a full 61.8% retracement to @ 115.50 would not be all that surprising either. (See chart below.) Although the primary purpose of this report is to alert readers to the EUR/JPY’s convergence towards key price support levels, I want to briefly diverge and make some brief econo...
    On May 23, 2016 / By
  • Finance 0

    Swing Trading Watch-List: May 23, 2016

    Here’s your swing-trading watch-list: Short Rockwell Automation (ROK) Short Trimble Navigation (TRMB) Short Aecom Technology (ACM) Long CalAtlantic Group (CAA) Long Adobe Systems (ADBE)...
    On May 23, 2016 / By