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  • Finance 0

    Binary Options Trading Opportunities For October 6, 2015

    During the session on Tuesday, there aren’t many economic announcements to move the market, and we believe that as a result it will be very technically driven during the session. With this, we take a look directly at the charts. USD/JPY ready to make a move? The USD/JPY might be one of the exceptions in the financial markets today as the Bank of Japan releases its monetary policy statement. If they suggest more quantitative easing, you can expect this pair to go much higher. The 121 level looks to be the target now, but ultimately if we can break above there we would be looking at the 122 level, followed by the 125 level. Pullbacks should c...
    On October 5, 2015 / By
  • Finance 0

    Gold Daily And Silver Weekly Charts – Silver Rallies, Gold Capped

    Silver led the way higher for the precious metals today as gold was capped at the 1140 level. The Gold/Silver ratio has dropped a bit but is still quite high at 72. There was little action at The Bucket Shop except for the usual slow bleed of bullion out of the warehouses as is shown below. The Sprott Gold and Silver Trusts lost a little more bullion to redemptions as discussed in the intraday commentary here. If there is a major disconnect between the Western and Eastern paper and physical metals markets, one might wonder what will happen to the available bullion in ETFs like GLD and SLV and the trusts that have redemption features. After t...
    On October 5, 2015 / By
  • Finance 0

    SGU ATNY LHCG Sell Signals For October 5, 2015

    Today I deleted Star Gas Partners (NYSE:SGU), API Technologies (NASDAQ:ATNY) and LHC Group (NASDAQ:LHCG) from the Barchart Van Meeerten Speculative portfolio for negative price momentum. Star Gas Partners Barchart technical indicators: 80% Barchart technical sell signals Trend Spotter sell signal Below its 20, 50 and 100 day moving averages 17.94% off its 52 week high Relative Strength Index 32.71% Recenlty traded at 8.14 with a 50 day moving average of 9.19 API Technologies   Barchart technical indicators: 80% Barchart technical sell signals Trend Spotter sell signal Below its 20, 50 and 100 day moving averages 22.59% below its 52 w...
    On October 5, 2015 / By
  • Finance 0

    Three Small Caps To Help Weather A Bear Market

    The third quarter of 2015 was a bad one for the market. The S&P 500 fell 7%, its worst performance in four years. In the third quarter of 2011, the S&P 500 dropped 14%. It then rallied in the fourth quarter to finish the year exactly where it started. If you include dividends, you made a few percentage points. And since that drop in 2011, the market has gone on to climb 99%. So the recent decline in stock prices doesn’t automatically mean you’re destined to move in with your children and take a job bagging groceries to pay the bills. On the other hand, just because the market doubled the last time there was a significant slide is ...
    On October 5, 2015 / By
  • Finance 0

    The Phrase That Initiates Recessions

    It Can’t Get Any Worse? On Friday, shortly after the release of the payrolls report, we asked half in jest whether the time had finally come for the market to interpret bad news as bad news, and not as an opportunity to speculate on more central bank largesse. As someone remarked to us later: “You had to ask”. Photo credit: Paul Cross Apparently a slightly later released news item informing us that “factory orders hit the skids” was taken as a buy signal of the “it can’t get any worse” sort. Normally it is considered bullish when the market rises on ostensibly bad news – and very often, this is actually the correct interp...
    On October 5, 2015 / By
  • Finance 0

    A Long For A Change

    It’s been so long that I’ve actually suggested a bullish chart, I thought I’d break my own trend and do so: here is one of the very few charts that looks like a good, strong long pattern: Boyd Gaming....
    On October 5, 2015 / By
  • Finance 0

    Biggest Short Squeeze In 4 Years Leads To Longest Winning Streak Of 2015

    Everything must be awesome, right!!! This 5-day run is even bigger than the ramp off the October 2014 Bullard lows…   This is the biggest 2-day short-squeeze since October 2011 (the last time the market squeezed like this was after the Black Monday plunge… which saw new lows hit)       Volume was abysmal…   Across asset classes since Payrolls…   *  *  * Off Friday’s lows, the move in stocks is epic…   On the day, cash indices surged again… (note that S&P remains just shy of the 50-day moving average at 2000.25).   But The Dow rallied back to its 50DMA…   As VIX was clubbed like a...
    On October 5, 2015 / By
  • Finance 0

    Key Chart Shows Silver At Critical Crossroads

    Gold and silver markets enter the week with an opportunity to build on last Friday’s strong reversal. The metals had drifted lower through Thursday’s close, but they got a big boost Friday after the Labor Department released disappointing jobs numbers. Even though the official unemployment rate held steady at 5.1%, the number of jobs added in September fell short of analyst expectations. Worse, a record 94.6 million Americans of working age now aren’t working. Most of these jobless Americans don’t get counted as “unemployed” – making the unemployment rate a dubious statistic. It’s so obviously unrepresentative of real-world re...
    On October 5, 2015 / By
  • Finance 0

    E Spark Therapeutics Reports Positive Phase 3 Results In Patients With Rare Blindness

    Shares of Spark Therapeutics (ONCE) ended the day up 25% after reporting positive phase 3 results in patients with rare blindness. More specifically these patients have a rare blindness that is caused by the RPE65 gene — also known as inherited retinal dystrophies. The company uses its gene therapy drug known as SPK-RPE65 to restore a gene that is defective back to its normal state.  The company ran this phase 3 trial using SPK-RPE65 and comparing it to a placebo compound to determine functional vision improvement between baseline — starting at zero sum — and a one year time point. The SPK-RPE65 gene therapy drug showed gre...
    On October 5, 2015 / By
  • Finance 0

    S&P 500 Snapshot: Rally Day Five

    Global markets rallied today. The Nikkei and Hang Seng both rose in the vicinity of 1.6% and the Euro STOXX 50 surged 3.31%. US equity indexes followed suit. Our benchmark S&P 500 opened higher and rose fractionally above 1% in the opening 10 minutes. The index then continued to rise throughout the day to its 1.94% intraday high shortly before the close. It ended the session with a 1.83% advance, the fifth day of the latest rally. The yield on the 10-year note ended the day at 2.07%, up 8 bps from the previous close. Here is a snapshot of past five sessions. Here is daily chart of the SPY ETF, which gives a more reliable sense of investor...
    On October 5, 2015 / By