Should You Go Short on Sberbank? Click on picture to enlarge 1 Month Performance of Sberbank of Russia Sberbank (SBRF) (OTC: SBRCY) has featured prominently in the financial news in September. It dominates the Russian banking scene with approximately 33% control of the banking industry. The Russian banking conglomerate has operations throughout the world and it has…
According to Janet Yellen, we are still on pace to raise rates in 2015. While the rate hike was supposed to happen this month, it got derailed by the August market selloff, volatility in China, lackluster work force numbers, and a variety of other factors. Despite the Fed continuing to kick this down the road, they…
(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are occasionally posted on…
The US Federal Reserve has held interest rates at near zero levels since December 2008 and the interest rate has not been raised for nine years now. Rates were lowered in a bid to stimulate the economy by reducing the costs to businesses of taking out loans needed for expansion. In the event, because of…
The global capital markets are stabilizing in Europe after continued selling was seen in Asia after the US slide yesterday. The dollar is narrowly mixed against the major currencies. Higher oil and copper prices have helped the helped steady the Australian dollar. After briefly dipping below $0.6940, it recovered to $0.6985 in the European morning. …
Video Length: 00:04:21 Volkswagen (VLKAY – Snapshot Report) is in the hot seat for installing a defeat device to cheat on vehicle emissions tests, then lying about it to the California Environmental Protection Agency’s Air Resources Board and the US EPA for more than a year. Not gonna lie, I gotta respect your gangster for the nifty algorithm….
US markets have been having a rough time recently. The Dow Jones Industrial Average (DIA), S&P 500 (SPY) and Nasdaq (QQQ) have all been experiencing overall declines for months now. While I’d like to tell you that these declines are likely to be short lived, I refuse to lie to you. The reality is that…
We know that teens take risks, but we may not know why or that this tendency can continue even to our thirties. This is important for parents who waste much breath—and for growing money, too. A recent New Yorker article presents the two dominant neuroscience theories for why teens embrace risk. Neurologist Frances Jensen asserts…
The fact that we have the stock markets crashing into the 2015.75 turning point rather than making a major high is indicative of the future we should expect to unfold. In 1987, the low was on the day of the ECM as was the case in 1994 whereas 1998.55 was the high in the Dow…
EU Session Bullet Report Continued market selloff in Asia yesterday but also today (Nikkei -4.05)%, fueled by another round of negative Chinese trade data in combination with mixed messages from FED members as to a rates increase, sent the EURUSD soaring and commodities plunging. Meanwhile, Fed Chairwoman Yellen’s speech due tomorrow is eagerly awaited. The…
