Oil Finally Bases
I went long crude oil earlier today, but this isn’t a long-term trade. I think that USO, shown below, has a good shot at closing the gap, but it’s likely to resume its much broader downtrend.
Monthly Archives: December 2014
USD And Yen
Catching up on Uncle Buck and Johnny Yen, we return to the monthly comparison chart. Yen continues to search for a low to bounce from if it is going to follow the buck’s bounce plan at orange arrow #3. It is at support. If it bounces and if it goes the USD’s script, it would…
Aratana Therapeutics Inc Hits 5-Month High On Positive Developmen
After the announcement of positive results from the pivotal late-stage field study of its novel drug, AT-001 by Aratana Therapeutics Inc. (NASDAQ:PETX), its stock rose over 26% to $16.50. The drug is designed to treat osteoarthritis pain in dogs. The study demonstrated that at once-daily dosage, the dogs receiving the drug showed improvement in the…
S&P 500 Melts Up Over 100 Points In 3 Days, Nears All-Time Hi
Well that escalated quickly… The S&P 500 cash index has ripped from 1972.50 to over 2076 in 3 days… And US Treasuries are rallying hard too. The Dow is up from 17067 to 17872… 800 Points But bonds are ripping…
Capture Big Dividend Increases From These 3 REITs
The right income stocks can be game changers for investors, rewarding them with exponential profits every year. In this article Tim Plaehn recommends three stocks that have histories of regular payment increases which gives investors expanding incomes. These stocks are the kind you can buy and hold forever. A great time to buy into or…
Oil Price Forecast: 2015-2016
The sharp drop in oil prices in the past few weeks confirms the oil price forecast that I published back in May 2013, when West Texas crude sold for $94.50: “Oil prices are headed down, and I mean down at least $20 a barrel. The key reason is that prices have been high. It’s not a paradox,…
5 Things To Ponder: Variegated Contemplations
“Twas the week before Christmas, when all through markets Not a trader was stirring, because they already left for the Hamptons. Which left the “inmates running the asylum” with very little care As everyone hoped a ‘Santa Claus Rally’ would soon be there.” Yes, it is that magical week leading up to Christmas and the…
Russian Roulette: Taxpayers Could Be On The Hook For Trillions In
The sudden dramatic collapse in the price of oil appears to be an act of geopolitical warfare against Russia. The result could be trillions of dollars in oil derivative losses; and the FDIC could be liable, following repeal of key portions of the Dodd-Frank Act last weekend. Senator Elizabeth Warren charged Citigroup last week with…
Kansas City Fed: Manufacturing Growth Marginally Strengthens In D
Of the three regional manufacturing surveys released to date for December, two show manufacturing softer this month – and this Kansas City Fed Survey which improved. The market was expecting a range between -6 to 9 (consensus 8) versus the actual at 8. TENTH DISTRICT MANUFACTURING ACTIVITY EXPANDED AT A MODERATE PACE The Federal…
Banks Win Again – They Have Delayed (Repealed) The Volcker Rule
Signing of Dodd-Frank – Now Virtually Repealed/Gutted The NY money center Banks won again in Washington, the second time in a single month. They succeeded in repealing Dodd-Frank and have now succeeded in repealing the Volcker Rule, which it is officially put on “delay” that will be permanent. The Federal Reserve has repealed the Volcker…