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  • Finance 0

    Binary Options Asset Insights – May 18, 2016

    With several announcements coming out during the day on Wednesday, we could get a bit of volatility. We get the employment numbers coming out of United Kingdom, the crude oil numbers coming out of America, the FOMC Meeting Minutes coming out of America as well, followed by employment in Australia. AUD/USD The Australian dollar rallied a bit during the day on Tuesday, but faces a serious challenge in the form of the 0.74 level, and most certainly the 0.75 handle. With this being the case, signs of exhaustion will more than likely attract put buyers as we have had a significant breakdown recently. Parisian index consolidates The CAC went back a...
    On May 17, 2016 / By
  • Finance 0

    The Metals Complex Is On The Edge Again

    For weeks, the GDX has been on the edge of a break out, while showing signs of the corrective pullback we would rather see first.  But, as I have said many, many times, when the metals finally turn bullish, retracements often are VERY shallow, as they do not let the masses into the market.Rather, the pullbacks are often so shallow that most market participants have to chase the market.And, it makes it very hard for the average investor to get into the market, if they did not buy at the absolute lows. If you remember back in the last quarter of 2015, I wrote repeatedly about how I was moving into a FOMO (Fear Of Missing Out) perspective, sinc...
    On May 17, 2016 / By
  • Finance 0

    Shell Midstream Partners, L.P. Announces Offering Of Common Units

    Houston, May 17, 2016 (GLOBE NEWSWIRE) —  Shell Midstream Partners, L.P. (NYSE: SHLX) today announced the commencement of an underwritten public offering of 9,500,000 common units representing limited partner interests. In connection with the offering, Shell Midstream Partners intends to grant the underwriter a 30-day option to purchase up to an additional 1,425,000 common units. Shell Midstream Partners expects to use the net proceeds from this offering to partially fund the previously announced acquisition of additional equity interests in Zydeco Pipeline Company LLC, Bengal Pipeline Company LLC, and Colonial Pipeline Company from Sh...
    On May 17, 2016 / By
  • Finance 0

    Buffett Interest In AAPL Should Calm Investors

    Apple Inc. (AAPL) share prices have suffered this year after the company reported its first decrease in revenue in 13 years. Apple’s flagship product, the iPhone, saw a decline in sales which was a major reason for the dip in revenue as the iPhone accounts for two-thirds of the company’s sales and profits.   Apple (AAPL) has fallen out of favor with investors after the report as people continue to question the ability of the company to turn things around. Many investors and analysts are doubtful that the iPhone 7 coming out later this year will have enough advancements and new features to entice consumers to pay for the upgrade from the ...
    On May 17, 2016 / By
  • Finance 0

    E Yield Curve Conundrum

    Let’s start by taking a look at the following chart, comparing the spread between the Ten Year and the Two Year treasury yields (using that as a proxy for the yield curve in general) and the price of gold. As you can see, the spread between the two Treasury maturities has continued to flatten and is barely off its low. Generally speaking, a flattening curve is a sign of a slowdown in overall economic growth. In the past, whenever the yield curve has become inverted (long term rates fall BELOW short term rates) a recession has followed soon afterwards. I have noted in previous posts about this topic that given the current state of abysmally ...
    On May 17, 2016 / By
  • Finance 0

    ?2 Undervalued Stocks With Safe And Growing Dividends

    Lock in historically high dividend yields from these two safe and undervalued stocks now while they are still cheap. Market volatility may be here to stay, but these two stocks can shield your portfolio while also returning above average income. I just got back from the Money Show conference in Las Vegas where I delivered a couple of presentations. I gave one on the state of the biotech sector and another one on where I am finding value in what I believe to be at least a slightly overbought market with no earnings growth to speak of. I found my audience was a bit more somber than in years past; although, they seem to be maintaining their resi...
    On May 17, 2016 / By
  • Finance 0

    SP 500 And NDX Futures Daily Charts – Wibbly Wobbly

    Stocks have been chopping sideways in a trading range for about 8 days now. This coming Friday is a stock option expiration. Have a pleasant evening....
    On May 17, 2016 / By
  • Finance 0

    Crude Slides After Oil Inventories Drawdown Less Than Expected

    Following last week’s chaotic Genscape build (and warning), API build, but DOE draw, and subsequent face-ripping rally, tonight’s API data signaled a lower than expected draw and sparked further chaos in prices as they jerked higher (“it’s a draw”) only to slide on missed expectations. Having reached 7-month highs during the day session, the 1.1mm barrel drawdown missed expectations of a 3.5mm draw dramatically and sparked selling pressure. However, a smaller than expected build at Cushing stalled the weakness along with notably large drawdowns in Gasoline and Distillates. API: Crude -1.1m (-3.5mm exp, last ...
    On May 17, 2016 / By
  • Finance 0

    Is It Time To Short Salesforce?

    Photo Credit: Eric Schwartzman Salesforce.com (CRM) Information Technology – Software | Reports May 18, Before Market Opens Key Takeaways The Estimize consensus is calling for a profit of 24 cents per share on $1.9 billion in revenue, 1 cent higher than Wall Street on the bottom line and $6 million on the top Salesforce recently announced its intent to launch an IoT cloud on Amazon Web Services, leveraging another high growth vertical As growth in the cloud space starts to slow down, Salesforce has focused on new initiatives and acquisitions to maintain its lofty growth rates. What are you expecting for CRM? Get your estimate in her...
    On May 17, 2016 / By
  • Finance 0

    S&P 500 Snapshot: Erasing Yesterday’s Gain Before Tomorrow’s FOMC Minutes

    The S&P 500 sank at the open, traded sideways to the noon hour and then sold off in a couple of waves to its -1.25% intraday low early in the final hour some buying in the final 30 minutes lifted the final loss to -0.94%, which erased virtually all of Monday’s 0.98% rally. This morning’s economic news was a mixed bag: Fewer than expected building permits, moderate CPI, a beat on housing starts and a welcome rise in Industrial Production, which has been in recessionary doldrums. Today’s selloff comes in advance of tomorrow’s release of the minutes for the April 26-27 FOMC meeting. The index is now up only 0.16%...
    On May 17, 2016 / By