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  • Finance 0

    Groundhog Day EP – Financial Review

    DOW – 295 = 16,153SPX – 36 = 1903 NAS – 103 = 4516 10 Y – .10 = 1.86%OIL – 1.74 = 29.88 GOLD + 1.00 = 1130.00 A big move for stocks and bonds today. While a 295 point drop, or 1.8%, in the Dow will attract some headlines, we also saw a less flashy move in bonds, with the yield on 10-year Treasuries drop 10 basis points, to 1.86% – that’s a 5.2% drop. After hitting resistance levels from October, yields continued dropping to lows last seen in April. Stocks moved lower again, following the trail of oil prices, which dropped 5.5% today to close below $30 a barrel. Not a big surprise because the trend has been lower, and a trend in ...
    On February 3, 2016 / By
  • Finance 0

    ADP Non-Farm Payrolls Beat With 205K – USD Cannot Recover

    Better than expected job gains in the private sector: ADP showed 205K jobs gained in January and an upwards revision for December: 267K against 257K originally reported. The US dollar is recovering some of the losses with EUR/USD slipping to 1.0930, GBP/USD at 1.4514, USD/JPY above 119.40, AUD/USD at 0.7055, USD/CAD at 1.3935 and NZD/USD above 0.66.Update: after the initial strength, the greenback is resuming its falls. Automated Data Processing (ADP) was expected to report a a gain of around 195K jobs in January 2016, after a strong 257K in December. In recent months, there has been a better correlation between the ADP report for the priva...
    On February 3, 2016 / By
  • Finance 0

    The Disappointed

    I confess that I was worried this morning. I had 120 short positions, 0 longs, and the intraday ES looked absolutely bullish. I’ve tinted the pattern below, and it looked like a very painful day ahead. However, as you certainly know by now, the rally-that-was-to-be fell to pieces immediately, and my profits are again soaring. Given the torture I endured for years with these bullish turds, the amount of sympathy I have for such disappointments is simply too low to be measured, even with the most modern scientific instruments. As far as I’m concerned, the stock indexes should be permitted to do precisely what interest rates are doing these ...
    On February 3, 2016 / By
  • Finance 0

    Comcast Lags Q4 Earnings, Top Revenues, Shares Up

    Comcast Corp. (CMCSA – Analyst Report) is the largest cable MSO (multi service operator) in the U.S. and a leading media and entertainment company.Comcast provides basic video, digital video, high-speed broadband (Internet) and telephony services to individuals and business enterprises. In addition the company provides filmed entertainment, cable networks, broadcast TV services and operates theme parks.  Over the last 3-4 years, the internal dynamics of the U.S. pay-TV industry have been gradually shifting from cable TV operators to large telecom operators and low-cost over-the-top service providers. Extensive network of fiber-based...
    On February 3, 2016 / By
  • Finance 0

    What In The World Happened To GoPro?

    Photo Credit: Pablo Asekas GoPro Inc. (GPRO) Information Technology – Computers & Peripherals| Reports February 3, After Market Closes Once the darling of Wall Street, GoPro’s stock fell over 40% in 2015 on weaker demand and an economic slowdown in China. The company recently issued very weak Q4 guidance which saw saw share prices plunge even further. With layoffs looming and share prices trending just above $10, GoPro is poised to underwhelm shareholders when they report fourth quarter earnings At the moment, the Estimize consensus is calling for EPS of $0.16 and revenue of 437.02, slightly higher than Wall Street’s estimates. Tha...
    On February 3, 2016 / By
  • Finance 0

    Merger And Spin-Off Rumors In Focus Ahead Of Time Warner Q4 2015 Earnings

    Media and entertainment giant, Time Warner (NYSE:TWX), will report its Q4 2015 earnings next week in the midst of a rally in the stock price, M&A rumors, and increasing pressure from streaming services. Two weeks ago, streaming service Netflix (NASDAQ:NFLX) reported record high revenues and recorded large subscriber figures that demonstrated the increased popularity of cord-cutting media service providers. Traditional media and cable companies like Time Warner, Walt Disney (NYSE:DIS), Twenty-First Century Fox (NASDAQ:FOX), and Comcast -A (NASDAQ:CMCSA) are ambivalent about the rise of streaming services. On one hand, the new ...
    On February 3, 2016 / By
  • Finance 0

    USD/JPY And AUD/USD Forecast – February 3, 2016

    USD/JPY The USD/JPY pair initially tried to rally during the day on Tuesday but turned back around to form a fairly negative candle as we sold off significantly. Because of this, I believe that the market will more than likely continue to go a little bit lower but I think that there is more than enough support below so having said that looks as if sooner or later we will get a supportive candle so that we can start buying again. Remember, the Bank of Japan is threatening negative interest-rates, so the Japanese yen will more than likely continue to soften. I believe that the market will try to reach the 123.50 level, as it is the next major r...
    On February 3, 2016 / By
  • Finance 0

    Seasonality Is Out Of Season

    A “rally” attempt is underway. Stocks are continuing to rebound and all is well with the World? Or is it? With each passing day, the United States plummets deeper and deeper into a “black hole” of debt, of which it will be almost impossible to repay. At the time, of this writing the national debt is $18,939,663,109,937! To put this into perspective, the national debt is so bad that if every citizen (including children) were to help pay it off, each one of us would have to contribute $58,652.00. In the last couple of weeks, I have informed you of this “rebound” in the US Markets. Yesterday, February 2nd, 2016, a sharp fall in the...
    On February 3, 2016 / By
  • Finance 0

    E Watch Out For The Head And Shoulders

    Every technical analyst in the world is poring over their charts and coming to the same conclusion. A “Head and Shoulders” pattern is setting up for the major indexes, especially for the S&P 500 (SPY). This is terrible news for the stock investors, as well as other owners of risk assets like the US dollar, commodities, and real estate. It is wonderful news for those long of Treasury bonds (TLT), the Euro (FXE), gold (GLD), and silver (SLV). A head and shoulders pattern is one of the most negative textbook indicators out there for financial markets. It means that there is only enough cash coming in to take prices up to the left shoulde...
    On February 3, 2016 / By
  • Finance 0

    Gold/Silver Attempting To Break 3-year Falling Resistance

    It’s been a rough 3-years for the metals space. “THE” worst 3-years in history for Gold and the 3rd worst 3-year performance in history, for Silver (see table below). The Power of the Pattern shared in 2011, that metals should be down for years to come. (See post here)   Is the trend about to turn for metals? Below we discuss what we are looking at, per breakouts in Gold & Silver. Below looks at the current price pattern in Gold Let’s be clear about this; The trend in Gold and Silver is down and if support would break at (1), the current trend continues. This Power of the Pattern situation has my attention; The large decline si...
    On February 3, 2016 / By