Video length: 00:01:58 The general theme during the session on Tuesday will probably be technical analysis, as there really isn’t much in the way of economic announcements. Because of this, we would anticipate the themes that we have seen for some time to continue. US stock markets continue to be one of the more bullish markets that we…
Gold prices ended yesterday’s session down 3.34% after a breach of the key support level at $1130 triggered a sell-off. The XAU/USD pair slumped to $1076.98, the lowest price since mid-February 2010, pretty quickly before climbing back above the $1100 level. The precious metal has been struggling lately as interest rates talks and a friendly risk…
Among the recurring themes in the global capital markets in recent years is the ongoing preeminence of the US stock market as a performance leader. When measured in terms of relative returns for the major asset classes, it’s been game, set, match. That’s good news for investors who’ve maintained healthy allocations to US equities in the last…
RBC Capital Markets analyst Mark Mahaney and his team weighed in on a variety of small-mid cap Internet stocks on July 19 in light of each company’s upcoming earnings results. Find out what the analysts advise investors to look for in TubeMogul Inc. (TUBE), Pandora Media Inc. (P), Yelp Inc. (YELP), and Groupon Inc. (GRPN): TubeMogul Inc TubeMogul is a company that offers an enterprise…
Today’s entry in the wrong headed gold obsession sweepstakes is… 4 reasons gold got caught in a perfect storm –MarketWatch They even have a picture of a golden girl in a tiny little bikini bottom. Okay, so MSM are not all bad I guess. Gold is suffering a major meltdown. Prices for the yellow metal have…
With the mainstream media onslaught against precious metals climaxing this weekend as WSJ’s Jason Zweig proclaimed gold “like a pet rock,” describing owning gold as “an act of faith,” we thought it worthwhile looking back at the last time ‘everyone’ was slamming gold and entirely enthused by the omnipotence of central bankers… May 4th, 1999 – “Who Needs…
The WTI Crude Oil markets initially tried to rally during the course of the day on Monday, but turned back around to form a shooting star. That being the case, we are sitting right on top of support and that of course is a very bearish sign. I also recognize that the $50 level is…
Google didn’t have a great year in 2014. Starting out the year at $556 per share, it floundered all year, ending up dropping to $530 to close out December. It continued its decline in January, dropping to $497 before starting to grow again. The reason for the struggles: Google seemed to be losing its touch…
It’s a strange world we live in that has a company like Facebook as a steady, consistent, rock-solid performer whereas International Business Machines has become the unreliable, flaky stock that likes to make huge price gaps based on earnings surprises. But that’s the truth. The big drop IBM took last October took nine months to heal (see arrows). That…
USD bullish tone remains unchanged today in a quiet market so far. View that the Fed will increase rates in September (50% chance) and relatively soft data out of EU (German PPI index fell by 1.4% in June compared to a year before) helped maintain the demand for the greenback at high levels. Strong USD…
