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  • Finance 0

    China Will Lead Us Down

    Here’s the FXI… Whose vulnerability I think is pretty evident from the chart. If it starts to weaken, I suspect the oh-so-perilous S&P 500 will tag right along:...
    On April 11, 2016 / By
  • Finance 0

    Yes, The Dollar Should Be Backed By Gold

    “What if you were appointed to head the Fed? In your first week on the job, what would you do?” The question was not exactly serious. Neither was the answer. “We’d call in sick.” A Return to Gold Drought, old age, traffic congestion, meanness, purple drink, bad taste, rap, suburbs, cancer, government, Hillary Clinton, restaurant music, shorts, Facebook, obesity – there are a lot of things wrong in the world. And most of them are not easily put right. But there are some problems that could be solved overnight. Economic and financial problems, for example, solve themselves… if you let them. Almost all the macro-money wounds suffer...
    On April 11, 2016 / By
  • Finance 0

    Sysco – Chart Of The Day

    The Chart of the Day belongs to Sysco (SYY). I found the wholesale food distributor by using Barchart to sort the All Time High list first for the most frequent new highs in the last month, then I used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 2/1 the stock gained 8.25%. Sysco Corporation is the largest North American distributor of food and food related products to the food service or `food-prepared-away-from-home` industry. The company provides its products and services to restaurants, health care and educational facilities, lodging establishments and other food service customers. The status...
    On April 11, 2016 / By
  • Finance 0

    Dow Jones Industrial Average Today Slips 20 Points On Stimulus Chatter

    When it comes to stagnating growth in some of the world’s largest economies, you have three choices when policy experimentation doesn’t provide results: 1) You can take your medicine for all the bad economic policy over the years and allow the economy to heal naturally (albeit in an ugly fashion in the short term); 2) you can introduce badly needed structural reforms to your system in order address the underlying problems that caused the need for that bad monetary policy in the first place; or, 3) you can ignore all the warnings and just “Keep Printing More Money!” Take a guess at what China is most likely to do? The e...
    On April 11, 2016 / By
  • Finance 0

    Binary Options Assets In Focus – April 12, 2016

    During the session on Tuesday, we get British PPI and CPI numbers, as well as the Chinese Trade Balance numbers, which of course have far-reaching effects. With that being the case though, we look at a couple technical charts around the world. Silver has huge day Silver markets had a huge day on Monday, but are getting fairly close to the $16 level. This is an area of significant resistance recently, so one would have to be a bit cautious. In order to continue going higher, we have to clear the $16 level, something that we have not done yet. With this, exhaustion could be entering the market soon, and give put buyers a reason to be involved. ...
    On April 11, 2016 / By
  • Finance 0

    Seagate Sees ‘Barron’s Bounce’ After Publication Says Storage Market Not Dead

    Shares of Seagate (STX) bounced Monday after a positive mention by Barron’s, with the publication arguing that the company’s rich dividend yield looks safe and noting that the decline in consumer PC trends does not spell an end to data storage itself. STORAGE MARKET NOT DEAD: Alexander Eule of Barron’s argued this weekend that shares of Seagate could rise to $38 or higher within a year, potentially offering a total return of 20% or more when factoring in the company’s rich 7%-plus dividend yield. Eule conceded that both Seagate and rival hard drive maker Western Digital (WDC) have sold off on worries over a declining P...
    On April 11, 2016 / By
  • Finance 0

    A Dodgy Day

    Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 20 = 17,556 SPX – 5 = 2041 NAS – 17 = 4833 10 Y unch = 1.72% OIL + .61 = 40.33 GOLD + 19.70 = 1259.10 Stocks started the session higher. This morning the Dow was up 150 points for the first hour or so of trade. In the final hour we saw a sell-off that pushed the major indices into negative territory. This kind of trading action makes the recent run-up look like not much more than short covering. With today’s decline, the S&P 500 moved into negative territory year-to-date. First quarter earnings reporting season is underway, starting with Alcoa...
    On April 11, 2016 / By
  • Finance 0

    Crude Oil: Bullish, Extends Strength

    Crude Oil: With the commodity holding on to its upside offensive, more strength is envisaged. On the downside, support resides at the 39.00 level where a break will expose the 38.00 level. A cut through here will set the stage for a run at the 37.00 level. Further down, support resides at the 36.00 level. On the upside, resistance resides at the 41.00 level. Further out, resistance comes in at the 42.00 level. A break above here will aim at the 43.00 level and then the 44.00 level followed by the 45.00 level. Its daily RSI is bullish and pointing higher supporting this view. All in all, Crude Oil’s medium term bias remains higher....
    On April 11, 2016 / By
  • Finance 0

    The Global Economy Didn’t Change Last Year, Views Of QE Did

    The stock market is still viewed as if it were a discounting mechanism, a system where information is processed and priced to deliver insight about the fundamental state of liquidity, markets, and the economy. That view has always been debatable, but never more so than the whole of this century so far. What were share prices suggesting, fundamentally, in March 2000? Or October 2007? Market efficiency proponents can only suggest that the “information” flowing into stock prices changed, as if there weren’t any warnings in the years leading up to those peaks. You can make the same argument against stocks on the way up. In the US, starting ...
    On April 11, 2016 / By
  • Finance 0

    Alcoa Q1 Earnings Up Big, Sales Miss, New Company Named Arconic

    Aluminum major Alcoa (AA – Analyst Report) has posted a big Q1 earnings positive surprise after the bell Monday, bringing the customary start to earnings season to bear for another quarter. However, Alcoa’s 250 percent earnings beat is dampened by its Q1 revenues, which reached $4.95 billion — beneath the Zacks consensus estimate OF $5.23 billion. Much of this discrepancy has to do with the coming split-up of Alcoa into two companies later this year: the upstream, raw materials space which will retain the Alcoa name, and the new company unveiled as Arconic, which includes the Global Rolled, Engineered Parts and Transportat...
    On April 11, 2016 / By