Good morning! For Dec. 23, 2015, here is the top stock market news and stocks to watch… Stock Futures Today Futures for the Dow Jones Industrial Average today (Wednesday) were up 28 points as global exchanges pushed higher earlier in the day. Rising oil prices complemented a slight dip in the U.S. dollar, while the Chinese yuan has shown greater signs of stabilization this…
Back on December 14, I wrote on my blog The Commodity Strategist: “It is unrealistic to think that the Saudis and their Gulf allies will give on output without getting something in return. Since it is highly unlikely that the other OPEC members will cut output, this “something” has to be political. It will be…
For the last 5 months, the miners have basically oscillated within the same general region, while the metals have made lower lows. But none of the charts seem to have completed their respective downside structures. I think we have all been worn to the nub and are quite tired of these back and forth machinations….
The networking sector is often an overlooked, but vital, area of the technology world. But investors are finally starting to take notice of the space as companies like come into focus. In fact, the computer-networking segment is currently ranked in the top 5% of all industries overall and there isn’t a single ‘strong sell’ security in the…
API’s reported huge 3.6mm drawdown in total crude inventories (against expectations of a 2.33mm build) was just the catalyst to send crude prices soaring overnight and DOE just confirmed it with a massive 5.88mm draw – the largest in over 6 months. However, initial exuberance was tempered as Cushing saw a 2.045mm build – its 7th week in…
The thinness of the order-driven capital markets is making price action that seems more inexplicable than usual. The US dollar is mixed. It has recouped all the ground it lows against the euro yesterday, as the single currency briefly dipped below $1.09 in the North American morning. It was unable to build on yesterday’s gains…
Netflix (NFLX) will remain a worry next year also to giant media houses which are losing business to streaming service providers, of which the company is the leader. Time Warner boss Jeff Bewkes derided the video streaming company as the “Albanian army” once, but now the streaming firm has grown up to be worth $50 billion, which is around…
The situation is little changed for silver prices and the overall trend remains bearish below the December high of $14.22. Traders are most likely keeping a bearish bias given the trend, and the risk-reward ratio is favourable for short positions at current levels ($14.22) if the price reaches the lower end of the current range…
Having seen long-bond yields collapse on heavy volume immediately after The Fed’s decision last week to hike rates, it appears the “policy error” message was just too much to bear for an un-manipulated market. The last 2 days have seen a very light volume 13bps surge in 30Y yields, now back above the Maginot Line of…
There’s no shortage of macro risks facing the US economy, but personal income and spending aren’t among them, at least not in today’s update. Both measures increased at healthy if unspectacular rates in November vs. the previous month, the Bureau of Economic Analysis reports. The upbeat data delivers an optimistic round of figures after a string…
