For the first time in almost 3 years, the ‘market’ is fighting the PBOC in the FX markets. The last month has seen USDCNY rise almost 9 handles to as high as 6.21 (the weakest CNY in 5 months). At the same time, the PBOC’s official ‘fix’ of CNY has been strengthened to below 6.12…
by Ari Charney It’s been yet another brutal week for U.S. investors in Canadian energy stocks. First, state-owned Malaysian energy giant Petronas chose to defer its final investment decision on whether to proceed with its estimated USD32 billion Pacific NorthWest liquefied natural gas (LNG) project in British Columbia. As we wrote last week, the prickly…
T2108 Status: 45.1%T2107 Status: 45.3%VIX Status: 18.5 (jumped 24.5%)General (Short-term) Trading Call: Hold. Caveats listed below.Active T2108 periods: Day #37 over 20%, Day #35 over 30%, Day #32 over 40%, Day #1 under 50% (underperiod, ending 29 days over 50%), Day #5 under 60%, Day #107 under 70% Reference Charts (click for view of last 6…
As global commodities prices plummet, it’s incredibly convenient to pronounce the commodities super-cycle dead, isn’t it? Yet banks from Goldman Sachs to Citigroup to Deutsche Bank are on record as saying it’s over. The Rogers Commodities Index, which represents the value of a basket of 36 commodity futures contracts, is down 20% since mid-June. But…
Throughout the summer, one of the biggest activist stories, therefore one naturally involving Carl Ichan, was whether eBay (EBAY) would spin off PayPal. And sure enough, following months of promises and vows by John Donohoe that the company would never split, on September 30, around the time the market started hitting one record high after…
The Chart of the Day is Western Digital (NASDAQ:WDC). I found the stock by sorting the All Time High list for the stocks hitting the most frequent new highs in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/31 the stock gained 9.01%,…
It is magical! Whatever the topic of current interest, there is no shortage of pundits. The current energy experts were recently (it seems like only yesterday) the leading authorities on the Fed, Europe, Ukraine, Libya, deflation, hyperinflation, stagflation, and of course, Ebola. The current crop of experts confidently talks about an oil glut, the motives…
There are no shortcuts in business. In order to be successful there are some things that you must know. These are not all of them by a long shot, but IMHO they are 6 of the most important. 1. Know how to sell Selling means being able to convey why your product or service, which may…
I was glancing at recent SocialTrade posts, and I was stopped in my tracks by this one. Holy Mother of God, how did I miss this? BEAUTIFUL!!!!!
Telecom stocks took a beating yesterday after leading wireless carriers, AT&T, Inc. (T – Analyst Report) and Verizon Communications Inc. (VZ – Analyst Report), hinted at expectations of lower profits in the ensuing fourth quarter owing to intense competition. Yesterday, AT&T’s chief financial officer expressed fears of facing considerably wider fourth-quarter churn rate than the…
