CLICK ON CHART TO ENLARGE It could pay to be “aware of these surroundings!” (1) – Nasdaq Composite Index is back at 2000 highs, with little wiggle room at the top of this rising wedge pattern (2) – Google shot up after earnings two weeks ago hitting a resistance line based upon its 2007 highs…
The EUR/USD pair initially fell on Friday, but found enough support near the 1.09 level in order to bounce significantly and form a nice-looking hammer. The hammer sits just below the 1.10 level, so it does look like we are pressing up against a significant resistance barrier. Ultimately, we think that if we can break…
Hot stocks of the day: TLT, GDX, AGG, BCS Video length: 00:05:31
The inside story at Allergan (AGN) is now firmly public, as the company’s plans to divest itself of certain product categories and acquire another firm were confirmed over the weekend. What was rumored has become fact This weekend Allergan publicaly confirmed that it will sell its generic-drug business to Teva Pharmaceuticals Inc. (TEVA) for $40.5…
By Kate George Youku Tudou Inc (ADR) (YOKU) shares slipped more than -6% in pre-market trading down to $18.77 after Chinese shares fell more than 8%. Since China is trying to stave off a market crash, last week the government instituted several measures to mitigate the effects of the crashing market. However, these efforts fell short and…
So why have Gold investors taken flight from Gold as it falls from grace? The sophistry that has fueled Gold is being exposed. The Gold Promoters spun their latest tale raising unrealistic high hopes for China as their savior that they were buying gold and would use it to back their currency so but now…
This was not supposed to happen. After pledging, investing and otherwise guaranteeing the Chinese stock market to the tune of 10% of GDP, and intervening on at least 40 different occasions in the past month ever since China’s stock bubble burst in late June, with the subsequent crash nearly taking the Shanghai Composite red for the…
Bill Gates is currently the richest person in the world. He has amassed a $79 billion fortune. There are 2 other people in the $70 billion+ club; Warren Buffett & Carlos ‘Slim’ Helu. Bill Gates made his fortune by founding Microsoft (MSFT). Since retiring, he has divested himself of Microsoft and now owns a concentrated portfolio. A…
Investors and analysts alike have been on the edge of their seats this earnings season with Qorvo Inc (QRVO), Yelp Inc. (YELP), and Stratasys Ltd. (SSYS) all slated to post their quarterly financial results this week. Here’s what investors should look out for: Qorvo Technology company Qorvo will announce fiscal 2016 first quarter earnings results on Wednesday, July 29, after…
Once the bearish ball got rolling last week, it got rolling in spades. In retrospect, however, the pullback makes sense in terms of when, where, and why. The S&P 500 (SPX) (SPY) as well as the NASDAQ Composite (COMP) both bumped into major technical ceilings, and right on cue, began a retreat that likely isn’t…
