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Finance 0
Swing Trading Watch-List – May 23, 2016
Here’s your swing-trading watch-list: Short Ingersoll-Rand (IR) Short Wynn Resorts (WYNN) Short Eaton Corp. (ETN) Long Discover Financial Services (DFS) Long Citrix Systems (CTXS)... -
Finance 0
We’re In The Eye Of A Global Financial Hurricane
The Keynesian gods have failed, and as a result we’re in the eye of a global financial hurricane. The Keynesian god of growth has failed. The Keynesian god of borrowing from the future to fund today’s consumption has failed. The Keynesian god of monetary stimulus / financialization has failed. Every major central bank and state worships these Keynesian idols: 1. Growth. (Never mind the cost or what kind of growth–all growth is good, even the financial equivalent of aggressive cancer). 2. Borrowing from the future to fund today’s keg party, worthless college diploma, particle board bookcase, stock buy-back, etc. (oops, ... -
Finance 0
Death Cross Indicator For S&P 500 Not As Reliable As Most Perceive
The Death Cross, whereby the 50-moving average crosses under a moving average of 100 or 200, occurred recently in a weekly time frame for the S&P 500. The subject has raised some concerns amongst investors as financial media pundits emphasized that it has occurred only twice in the previous 16 years. One occasion marked the onset of the Great Tech Wreck in 2001 and the other ushered in the Great 2008 Recession. The inference is that because both preceded some of the worst carnage of capital destruction experienced in investment history, the reemergence of this pattern indicates a high probability or almost guarantee that another bear mar... -
Finance 0
USDJPY: Consolidates With Downside Threats
USDJPY: Having closed higher for a third consecutive week, further bullish offensive is envisaged. However, with price hesitation seen on price we could see it weaken in the new week though with caution. On the downside, support comes in at the 109.50 level where a break if seen will aim at the 109.00 level. A cut through here will turn focus to the 108.50 level and possibly lower towards the 108.00 level. On the upside, resistance resides at the 110.50 level. Further out, we envisage a possible move towards the 111.00 level. Further out, Â resistance resides at the 111.50 level with a turn above here aiming at the 112.00 level. On the whole,... -
Finance 0
Binary Options Asset Insights – May 23, 2016
During the session on Monday, we only get PMI numbers coming out in several European countries, as well as the European Union itself. We also get PMI numbers coming out of the United States as we will focus on stock markets more than anything else would be conventional wisdom. DAX The DAX rose slightly during the course of the day on Friday, bouncing off of the €9800 level yet again. This is an area that’s been very reliable lately, so it’s likely that if we pullback call buyers will return again and again. CAC rises The CAC broke higher during the course of the day on Friday, clearing the top of the hammer for the Thursday session. The... -
Finance 0
China Has Quietly Bailed Out Over $220 Billion In Bad Debt In The Past 2 Months
Two months ago we were amazed to read that according to the latest “deus ex machina” proposed by the PBOC, China would “sweep away” trillions in bad loans by equitizing them in the form of debt-for-equity exchanges. This is how we tried to explain this unprecedented move on March 10 when Reuters first hinted it was coming: This proposal entails nothing short of a nationalization on a grand scale, one which gives China’s impaired commercial banks – all of which are implicitly state controlled – the “equity keys” to the companies to which they have given secured loans, loans which are no l... -
Finance 0
Why You Should Be Paying Attention To Energy ETFs
Everyone hated energy ETFs last year as plunging oil and natural gas prices eroded valuations of companies engaged in this sector. The weakening demand for global commodities wrought havoc among large oil producers, exploration companies, and even storage conglomerates. Fast forward to 2016, and the narrative has turned from one of relative weakness to an important mainstay of broad market momentum. The Energy Select Sector SPDR (XLE) has ripped more than 20% from its lows and is now the second strongest sector on a year-to-date basis behind utility stocks. XLE tracks 40 large cap oil and gas stocks that include recognizable mega companie... -
Finance 0
Junk Status Rating Scare For South Africa
South Africa under Fire from Credit Ratings Agencies….. Analysts speculating on the South African economy are of the opinion that the financial markets have already factored in a possible junk status downgrade for the country. Standard & Poor’s will be presenting its review on SA’s credit status on Friday 3 June 2016. It is expected that the credit ratings agency will delay taking action for a period of 6 months on the proviso that the South African government, labour unions and the corporate sector will work hard towards economic growth in the country. Failing that, Standard & Poor’s will be forced to downgrade South Africaâ€... -
Finance 0
Chart Of The Day – No Bear Market
If you try hard enough you can always find a set of moving averages that will confirm your bias. The 50/100 week exponential moving average cross has never generated a false signal in 36 years. It’s confirming what I’ve been saying all along. No bear market....
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