Apple Stock News As once Steve Jobs dreamt of delivering what had never been seen before, Today we see the legacy of that great man evolve with time and ignite the passion of its workers to deliver as he once did. The recent speculations of iPad becoming a fusion of iPad and a Mac has been turning heads and clicking Apple Blogs. The reality of the situation is that we will not know a 100% until the day of the announcement. The only thing we can hope for is to try to decipher the clues that Tim Cook and his team leave around. In November, we heard about the new changes that Apple is planning to do on the new iPad. First, going smaller than the...
2016 has started with container counts showing expansion – a better showing than what was seen in 2015. Imports had the best January since 2007, but the export improvement was only relative to the terrible 2015 levels. This series is a physical count and not monetary based – so inflation adjustments are not required. This data set is based on the Ports of LA and Long Beach which account for much (approximately 40%) of the container movement into and out of the United States – and these two ports report their data significantly earlier than other USA ports. Most of the manufactured goods move between countries in sea cont...
During the month of January, we were submerged by a wave of financial results. I truly appreciate earnings season as it gives me the true color of what is really going on out there. However, we don’t all understand financial results the same way. Two companies are currently heading toward very different trends. Take a look at this: I am not going to tell you which one is which, just for the sake of the exercise. As you can see, one clearly beat the S&P 500 over the past 12 months and the other one is seriously trailing behind. For the record; both companies are leaders in their industry and are paying dividends. Let’s try to underst...
EUR/USD is down over 120 pips this morning and accelerating as Mario Draghi drops all kinds of tapebombs in his Q&A with his Brussels overlords. Most crucially, slamming EUR/USD 70 pips and breaking Wednesday lows, was his admission that while The ECB would “not buy” non-performing Italian bank loans, it would (confirmed by Italy’s Treasury) allow the busted deals as repo collateral (how close to par?) allowing Italian banks to kick the can just a little further. So to clarify… *DRAGHI SAYS ECB NOT TALKING ABOUT BUYING ITALIAN BAD LOANS But, as Italy’s Treasury confirms, will allow Italian banks to post the...
First I would like to apologize for the short Weekend Report today as it was a very busy day for me. I will have many more charts to show you tomorrow night as the markets will be closed. The first chart I would like to show you is the short term $WTIC chart which shows the small H&S consolidation pattern in place. Last Tuesday it broke below the neckline and Friday it backtested the neckline from below at 29.66. The neckline is a very fine line in the sand in which I’ll use to exit the DWTI trade if the price action starts trading above it. Below is the long term daily chart which shows the combo H&S / falling wedge consolidation p...
The streets of Shanghai may have been filled with Chinese dragons and raucous celebrations for a week, but the SSE 180 index was not a recipient of any of that fanfare. In fact, the SSE 180 has plunged from 6912.07 on 14 January to its current level of 6334.76. That represents an 8.3% drop in the space of 1 month. The 52-week trading range for the Shanghai Composite index is 6,077.52 on the low end and 11,815.51 on the high end. That the year-to-date return is worse than the 1-year return is remarkable given that we are barely 2 months into the New Year. If one looks at the performance of the SSE 180 over a period of 1 year, it appears as if ...
Far too many Forex traders make the mistake of not thinking about what they are trading beyond price fluctuations on a screen. While it is true in trading that price is king and also that prices are never too high to go higher or too low to go lower, you will trade better over time if you have some understanding of what makes the currencies you are trading unique. Understanding the major Forex global currencies will make you a better, a more focused, and more profitable trader. Which are the Major Forex Global Currencies? There are eight currencies that are most important in the Forex universe. They are as follows, more or less in the consens...
Silver prices have given up a bit more than 4% from last week’s high of $15.97 as the increased risk-appetite lowers the demand for safe haven assets like silver. On the flip side, the S&P 500 has risen by 4.8% from its multi-month low set last week. A return of a soft stock market is needed for a continued rally in silver prices, as the latest rise in silver prices is due to safe haven demands and a weaker dollar (which is a symptom of soft economics in the U.S. and worldwide, delaying the normalisation of short-term interest rates in the U.S.). From a technical point of view, a break to $15.46 is needed for the bullish trend to res...
Few can resist gold’s allure. Its attributes — including malleability, resistance to corrosion and tarnishing, and of course its shimmer — make it ideal for all kind of jewelries. However, gold’s value goes beyond this as it is also a ripe investment option. Investors buy gold bullion and official coins as a hedge against inflation or a safeguard against the collapse of paper assets such as stocks, bonds and other financial instruments. After years of depressed prices, gold’s outlook has started looking up as a result of declining output from existing mines, geopolitical tensions, a stock market rout, China worries and a pos...