The FTSE 100 is expected to reach the January 20 low of 5600 as long as price trades below last week’s highof 5949. The index is slightly oversold and given this, a bounce to the 5769 – 5836 range may take place (0.382% to 0.618% correction of the current bearish leg). However, traders will probably see a bounce…
The Goodyear Tire & Rubber Company (GT – Analyst Report) is one of the world’s largest tire manufacturing companies, selling under Goodyear, Kelly, Dunlop, Fulda, Debica, Sava and various other brands. The company regularly launches innovative products and services to boost sales. Although Goodyear generates worldwide sales, North America is its leading market.It is also expanding in…
Well, I could get used to this. It seems that the bulls keep trying to power the market higher, but in their new role as Feckless Flops, they just can’t do it, even with central bank ninnies running around trying to jawbone (a trick which has run its course). Witness what keeps happening with surprising…
Back in November, for the convenience of those “who can’t wait to take the other side of Goldman’s clients, and thus the same side of Goldman’s prop desk” we previewed Goldman’s “Top 6 Trades for 2016.” Naturally, we explicitly stated that the “the best trades for 2016 will be to… do the opposite of the Top 6 trade…
AveXis Incorporated expects to raise $76.5 million in its upcoming IPO. Based in Bannockburn, Illinois, AveXis (NASDAQ: AVXS) is a clinical-stage gene therapy company that is developing novel treatments for patients suffering from rare neurological genetic diseases. We previewed AVXS on our IPO Insights Platform, which includes deals on deck and real-time alerts. We also highlight opportunities…
Viacom Inc. (VIAB – Analyst Report) a leading entertainment content company that operates primarily in the U.S. and Europe. The company offers many of the world’s best known entertainment brands through television, motion picture, Internet, mobile and video game platforms. Currently, Viacom has a Zacks Rank #3 (Hold), but that could definitely change following Viacom’s earnings report which…
In this past weekend’s newsletter, I discussed the formation of a very important “head and shoulders” topping pattern in the market. I know…I know. As soon as I wrote that I could almost hear the cries of the “perma-bull” crowd exclaiming “how many times have we heard that before.” They would be right. The problem with the majority of technical analysis, in my…
I’m sitting here at my Lake Tahoe lakefront mansion watching the Dow Average open down 700 points from its Friday intraday high. It is one of those perfect, picture postcard days, with a blue sky and cobalt lake. The fields outside are covered with snow crystals sparkling in the sunshine. After the close, I’m going…
Video Length: 00:02:26 Today’s hot topic is all about the Gold rush! Gold surged $30 on Friday, that’s a massive 2.6% rise. Bullion was the best performing metal last month, appreciating 9%. Are we seeing the comeback of Gold? Let’s find out what’s going on. Last Friday’s NFP release saw new job creation well short…
Video Length: 00:02:26 Today’s hot topic is all about the Gold rush! Gold surged $30 on Friday, that’s a massive 2.6% rise. Bullion was the best performing metal last month, appreciating 9%. Are we seeing the comeback of Gold? Let’s find out what’s going on. Last Friday’s NFP release saw new job creation well short…
