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    E The Daily Shot And Data – March 28, 2016

    We begin with a few updates on the energy markers. 1. US miles driven reaches another record as Americans hit the road. This has resulted in elevated gasoline demand which remains firmly above the 5-year range. Source: Credit Suisse Gasoline expenses are quite low as a share of disposable income and should continue to add to the demand. Source: Credit Suisse 2. The amount of global crude oil sitting in floating storage remains elevated. This is expected to pressure Brent prices. Source: ?Deutsche Bank 3. Productivity improvements at US oil firms have been impressive. As the number of rigs continues to fall, the number of wells per rig incre...
    On March 28, 2016 / By
  • Finance 0

    E Stocks To Buy Pre-Brexit

    *Tomorrow’s Barron’s suggests buying not one but two of our existing holdings, both of which I have already partly exited, with profits on one and a loss on the other. The profits were on Marine Harvest Group (MHG), the Norwegian supplier of cheap protein from salmon fish-farms to the world. It is gaining from an algae outbreak in Chilean waters where smaller rival fish-farms supplying the US market congregate, writes Jonathan Buck. He barely gives the ADR ticker symbol which makes his advice sound far more insightful than it actually is. If MHG pushe?s? up US fish prices too high, it will reduce the already tough sell of far...
    On March 28, 2016 / By
  • Finance 0

    Futures Rise In Thin Trading On Back Of Yen Weakness; Europe Closed

    With European markets closed across the continent on Monday as the Easter holiday continues, overnight Asia was busy with the Shanghai Composite letting off some steam, and closing down 0.7% at session lows on concerns the Shanghai and Shenzhen home bubble have been popped prematurely by the politburo. Japan was a different story with the Yen sliding following a report by the Sankei newspaper that Abe will announce in May his intention to delay the planned April 2017 sales tax hike from 8% to 10%, coupled with additional reports that Japan will unveil a major fiscal stimulus (and just on Friday Abe said he is “not thinking at all abo...
    On March 28, 2016 / By
  • Finance 0

    Qualcomm Downgraded To Equal Weight From Overweight At Barclays

    Barclays analyst Blayne Curtis downgraded Qualcomm (QCOM) to Equal Weight saying the chipmaker has a “harder road ahead” with Intel (INTC) likely gaining share at Apple (AAPL) this year. Apple is likely using Intel as a second source for modems, Curtis tells investors in a research note. He says he “clearly underestimated” Intel’s ability to lose billions of dollars in its pursuit of mobile. Curtis has concerns over Qualcomm’s ability to drive the right level of profitability from the business it retains at Apple, saying a faster modem should never come at a lower selling price and higher costs. He cut his ...
    On March 28, 2016 / By
  • Finance 0

    Global Markets Fell Last Week–Biggest Setback In Over A Month

    The five-week streak of higher prices hit a wall last week for the major asset classes via a set of proxy ETFs. For the first time in over a month, losses dominated the trading week just passed. The four-day stretch through Mar. 24 (the Good Friday holiday trimmed the usual schedule) dispensed losses across the board—the broadest setback since early February. Last week’s “winner”—i.e., the softest loss—was secured in inflation-indexed Treasuries, aka TIPS. The iShares TIPS Bond (TIP) ticked lower last week with a fractional loss. Effectively treading water looks pretty good next to last week’s red-ink leader: US real estate in...
    On March 28, 2016 / By
  • Finance 0

    Look For These Candlestick Patterns To Make More Money

    I recently showed you how you can use Japanese “candlestick” charts to detect real-time changes in the momentum of the market. Knowing how to read these charts is critical to making sure you’re on the right side of the action, every time. That’s because the charts themselves can fill you in on emerging trading patterns. Today I want to teach you how to spot some patterns that I tend to take very seriously whenever I see them playing out. I’ll even show you how to spot a looming reversal. You can start using your knowledge of these patterns to outwit, out-trade, and outperform the competition today, so let̵...
    On March 28, 2016 / By
  • Finance 0

    Dollar Lower To Start North American Session

    The US dollar is mostly lower as the North American session is set to begin. The holiday in many centers, especially in Europe, has limited activity, and a few orders seemed to drive prices, which remain within the recent ranges.   The Japanese yen is the main exception. The greenback’s gains have been extended into the seventh session, the longest such streak since October. The dollar neared JPY113.70, its best levels since the FOMC meeting. However, local press reports denying that there were would a delay in the April 2017 sales tax (barring a Lehman-like event), saw Japanese shares pare earlier gains and sapped the dollar’...
    On March 28, 2016 / By
  • Finance 0

    US Dollar May Rise As PCE Data Boosts Fed Rate Hike Bets

    The Japanese Yen underperformed in otherwise quiet overnight trade. The played out as Japan’s Nikkei 225 stock index traded higher, undermining demand for the anti-risk currency. Shares rose to the highest level in over a week in a move the newswires attributed to expectations that Sharp Corp and Foxconn are set to finalize a takeover deal after prolonged delays. Looking ahead, February’s US PCE data is in focus. The Fed’s favored inflation gauge is expected to show the pace of price growth accelerated to 1.8 percent year-on-year, the highest since October 2012. A firm outcome may boost FOMC rate hike expectations, offering a li...
    On March 28, 2016 / By
  • Finance 0

    20 Strong Dividend Growth Stocks – Rock Solid Ranking

    Last year, I created the Rock Solid Ranking, a dynamic stock ranking list that shows a value for each dividend stock I follow. I’ve worked on calculations that consider several metrics in order to find the best companies among all those on the stock market. This list is particularly useful when the stock market is becoming highly valued (not overvalued yet in my opinion). Each month, I’ll be sharing with you, for free, the top 10 dividend growth stocks for both the US and Canadian markets. You can download your report here: March 2016 Top 20 Rock Solid Ranking Why Update this list on a monthly basis? The idea of providing you with an u...
    On March 28, 2016 / By
  • Finance 0

    EUR/USD And GBP/USD Forecast – March 28, 2016

    EUR/USD The EUR/USD pair did very little during the session on Friday, as Christians around the world celebrated Good Friday. This of course meant that there was almost no liquidity. With this, the market didn’t do much but it appears that we are trying to find support somewhere near the 1.1150 level. With this, the market should continue to go higher and break above the top of the range and should send this market looking for the 1.13 level. I don’t have any interest in shorting this market, I believe that there is enough support all the way down to the 1.1050 level that sooner or later we will get a supportive enough looking candle to s...
    On March 28, 2016 / By