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  • Finance 0

    Bullish Reversal Pattern At 2009 Lows For Gasoline And Crude Oil?

    CLICK ON CHART TO ENLARGE Gasoline futures have correlated with Crude Oil over the past 18-months, both have tanked. Is the decline over with? Way too soon to tell. The above chart looks at Gasoline Futures on a monthly basis. The decline of late took gasoline futures back down to levels hit during the 2009 financial crisis. Gasoline closed at $1 level in 2009. Of late Gasoline fell to this level and has had a small bounce since. The bounce could be forming a bullish reversal pattern (bullish wick) at the 2009 lows, while hitting two other potential support lines. Crude & Gasoline futures are both attempting to create bullish monthly reve...
    On January 28, 2016 / By
  • Finance 0

    Microsoft Is Expecting Strong Earnings On The Back Of Expanding Cloud Services: Here’s What To Watch

    Microsoft Corporation (MSFT) Information Technology – Software | Reports January 28, After Market Closes Key Takeaways The Estimize consensus calls for EPS of $0.71 and revenue of $25.183 billion, both slightly higher than Wall Street’s estimates The two main drivers of Microsoft’s growth include an improving cloud business and expanding operating margins The Azure and Office 365 currently carry Microsoft’s cloud services with growth of MS Azure outpacing Amazon Web Services What are you expecting for MSFT?  MSFT data by YCharts Microsoft made headlines this week, when they announced they would be donating $1 billion in cloud...
    On January 28, 2016 / By
  • Finance 0

    When Insider Trading Is Legal And When It’s Not

    Insider trading is a very contentious subject. The mere mention of it conjures up images of white collar criminals being dragged away in handcuffs. For all its negative connotations, insider trading isn’t always a black and white issue. The following article will help you differentiate legal vs. illegal insider trading. Legal insider trading Insider trading is legal when corporate insiders – directors, officers, analysts and other employees – buy and sell company stock using publicly available information. After all, there is nothing wrong with owning and selling your own company. These sorts of trades happen all the time, especially in...
    On January 28, 2016 / By
  • Finance 0

    Implications Of Amari’s Resignation

    We had been tracking the budding scandal that implicated the office of Japan’s Economic Minister Amari.   We had expressed our concern that the scandal could sap Amari’s office strength and be a distraction. However, the situation unraveled quicker than we anticipated and Amari resigned earlier today.   He is the fourth ministerial resignation but by far the most important one to resign.  Abe’s first term had been marred by scandals and they arguably contributed to his short tenure. While cognizant that the Abe cabinet is broad and has a number of former prime ministers and senior officials, we sketch out here a f...
    On January 28, 2016 / By
  • Finance 0

    Shelly Palmer Talks Apple & Facebook Earnings On Quest Means Business CNN

    Video length: 00:07:37 Shelly Palmer talks about Apple and Facebook quarterly earnings on Quest Means Business with Maggie Lake on CNNi. Original Air-date: January 27, 2016...
    On January 28, 2016 / By
  • Finance 0

    Jobless Claims Fell Last Week But Rise Vs. Year-Earlier Level

    There’s good news and modestly bad news in today’s weekly update on initial jobless claims. Let’s start with the positive. New filings fell 16,000 last week to a seasonally adjusted 278,000. That’s an encouraging sign for two reasons: the latest slide pulls claims back from the six-month high in the previous update and pushes filings closer to the multi-decade low of 255,000 from last summer. Unfortunately, the latest decline isn’t enough to keep the year-over-year comparison from rising—the first annual increase, in fact, since last August. The sight of claims rising on a year-over-year basis isn’t a smoking gun for recession...
    On January 28, 2016 / By
  • Finance 0

    UK GDP As Expected With 0.5% – GBP/USD Rises

    It could have been worse: The UK economy grew by 0.5% q/q and 1.9% y/y, exactly as expected according to the preliminary release. It seems like markets were expecting a worse outcome, given data was not that positive of late. GBP/USD is releasing a sigh of relief and advancing, getting closer to 1.43. As with many other developed economies, manufacturing weighs down on growth while services lead the way. The 2015 GDP report card shows 2.2% growth in Britain. 2014 was better with 2.9%. The UK was expected to report a growth rate of 0.5% q/q in Q4 2015, following a slower rate of 0.4% in Q3. Year over year, a slower rate of 1.9% was expected ...
    On January 28, 2016 / By
  • Finance 0

    EU Session – Bullet Report | No Rate Hike For Now – Gold Reaches 2 Month High

    EUR/USD Intraday: bullish bias above 1.085. Pivot: 1.085 Most likely scenario: long positions above 1.085 with targets @ 1.094 & 1.0965 in extension. Alternative scenario: below 1.085 look for further downside with 1.082 & 1.08 as targets. Comment: the RSI is well directed. Gold spot Intraday: bullish bias above 1115. Pivot: 1115 Most likely scenario: long positions above 1115 with targets @ 1128 & 1133 in extension. Alternative scenario: below 1115 look for further downside with 1109.5 & 1104.5 as targets. Comment: a support base at 1115 has formed and has allowed for a temporary stabilisation. Crude Oil (WTI) (H6) Intraday: ...
    On January 28, 2016 / By
  • Finance 0

    Stock Market Crash: Is The Dow Headed For A Repeat Of 2008

    Stock Market Crash: Is the Dow headed for a repeat of 2008 We could not help ourselves and put the word stock market crash in the title because every Tom, Dick and Harry is now chanting this tune.  Take a look at some of the recent headlines: Is the stock market headed for a repeat of 2008? On marketwatch.com A stock-market crash of 50%+ would not be a surprise — or the worst-case scenario on Yahoo Finance Stock Market Crash 2016: This Is The Worst Start To A Year For Stocks Ever on rightsidenews.com And the list goes on and on. The Naysayers are busy listing several factors that in their opinion does not bode well for the market Ultra low...
    On January 28, 2016 / By
  • Finance 0

    NOK Fight For The Next Year

    Nokia Corporation (NOK) is a Finland-based telecommunication and network infrastructure company. The Company operates through two business segments: Nokia Networks and Nokia Technologies. Nokia Networks offers network infrastructure software, hardware and services, and is divided into Mobile Broadband and Global Services. Nokia Technologies develops and licenses technologies and manages an Intellectual Property (IP) portfolio of approximately 10,000 patent families consisted of approximately 30,000 individual patents and patent applications. I Know First wrote an article about Nokia on July 8th, 2015. The article argued that the companyâ€...
    On January 28, 2016 / By