With all the sturm and drang about emerging markets these days, you would think they might be at all time lows. You would be close to being right. The largest emerging market ETF (EEM) started trading in 2003. Not coincidentally, that was the beginning of a major bull for EM. It’s all been reversed: So we had a classic bubble. A major asset class almost tripled on a relative basis and then did a round trip. Are we at value? It’s always hard to catch a falling knife, and my sense is there is no risk/reward in this trade. Remember, we haven’t had much in the way of actual defaults in EM yet (or in DM for that matter). So far i...
Tech averages had the weakest start, Powerful gap downs had set things off, but buyers were able to make a comeback into the close. However, morning gaps remain. Volume climbed to register as distribution, which for the Nasdaq was the second day of distribution in a row. The Nasdaq 100 is on the fiftth day of selling in a row. The August swing low wasn’t fully tested. Bulls will be looking for a bullish ‘morning star’ where today’s candlestick ‘hammer’ is followed by an opening gap, then a rally for the rest of the day. Should this emerge, then a move to test 4,300 is next. If there is a weak open, then any...
Stock indexes are again in free-fall today. The daily charts of the indexes over the last 3 months looks like this: Not a very constructive setup, right? You don’t have to be a chart analyst to see what’s happening. The interesting thing is the divergence in the four key indexes: the Dow has not tested its January lows, the S&P 500 and the Russell 2000 are about to test their January lows, while the Nasdaq has already fallen through it. Where do the indexes go from here? Is there more pain ahead or is the selloff ending here? Analyst Rob Tovell provides insights into the future direction of the US indexes in today’s 3-minute market ...
We’ve talked a lot about why you want to pay attention to what Wall Street does, not what it says. Today we’re going to tackle that subject again. Why? Because you’ve got another king-sized opportunity with Twitter stock, or at least that’s what one analyst wants you to think. Before I tell you what it is, though, I have to begin with a story that sets the stage. So grab a cup of your favorite libation and take a seat. What you do next has a direct impact on your financial future. Remember Enron? Enron Fooled Analysts – and They’ve Been Blinded by Twitter, Too Surprisingly, few investors remember Enron despite...
We live in an era of fraud in America. Not just in banking, but in government, education, religion, food, even baseball… What bothers me isn’t that fraud is not nice. Or that fraud is mean. For fifteen thousand years, fraud and short sighted thinking have never, ever worked. Not once. Eventually you get caught, things go south. When the hell did we forget all that? I thought we were better than this, I really did. ...
The original article as written by Rupert Hargreaves (apauperinthemidstofwealth.com/) is presented here by the editorial team of munKNEE.com (Your Key to Making Money!) in a slightly edited ([ ]) and abridged (…) format to provide a fast and easy read. Dividends are a key part of most investors’ financial strategy. However, not all dividends are created equal, and chasing yield can often end in tears. To help investors select the best income stocks, Société Générale publishes a monthly income screen, highlighting the best dividend stocks in developed markets based on a number of quality criteria. The bank also publishes a hig...
In the biotechnology field CRISPR is viewed as the Next Big Thing. Journals like the MIT Technology Review have called it “the biggest biotechnology discovery of the century.” For decades money has been poured into bringing down the cost of mapping the genome. Most agree that the mapping problem is behind us as costs are reasonable and still declining. This provides the foundation to take the next step – modifying those genomes. At a very high level CRISPR is a set of techniques that “has the potential to to achieve precise, directed changes in DNA.” You can think of it like a kind of “cut and paste” ...
Yelp Inc. (YELP – Snapshot Report) just released their fourth quarter fiscal 2015 earnings results, posting earnings of $-0.29 and revenue of $153.7 million. Currently, YELP has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below. Yelp: 1. Missed earnings estimates. The company posted $-0.29, missing our Zacks Consensus Estimate of $0.66. 2. Beat revenue estimates. The company saw revenue figures o...
Video Length: 00:01:53 With only the German Industrial Production numbers coming out during the day on Tuesday, it’s very likely that the markets will be relatively quiet in general. With that being the case, the market will more than likely be fairly straightforward during the day, and some of the moves that we’ve seen recently should be continued as there really isn’t a whole lot out there to move the markets. 1 – Precious metals continue to be very strong, as the world is starting to become very concerned about several economic issues. While the US dollar has held its own, the reality is that there is enough uncertainty out there...
I am covering the short on Goldman Sachs not because I don’t think it’s going lower (I do), but because I am all about balance and I was out of balance and today just felt like a time to take profit.I am up nicely over the last week and now it is about getting back into equilibrium (and raising cash).I don’t want to be heavy short.I want cash, risk ‘off’ vehicles (like T bonds*), gold mining (now with partial hedging) and a ‘rest easy’ mindset as things play out. GS had done a turn as a successful NFTRH+ long and then was highlighted as a bear position in the NFTRH+ notes segment of weekly reports.The measurement on the chart ...