1. Market Update Gold is getting weaker. With today’s reversal the weekly chart is likely going to lose its embedded slow stochastic. Finally! This trend-reinforcing special set up has been in place since early February. Without the embedded stochastic Gold would become very overbought on the weekly chart. But this does not mean that prices…
Discoveries Journal Co-Editor Chris Berry spoke with SmallCapPower at PDAC 2016, warning investors of the risks involved in lithium investing while outlining the upside potential in certain names. He mentions two lithium-related stocks he likes at this time, including one involved in battery technology. Video length: 00:04:02. Stocks discussed in this video: FMC Corp (FMC)…
With both ISM Manufacturing and Services employment indices collapsing, endless headlines of layoffs, Challenger-Grey noting Q1 as the worst since 2009, and NFIB small business hiring weak, it is no surprise that initial jobless claims are finally waking up. For the 3rd week in a row – the longest streak since July 2015. The last 3 weeks…
EUR/USD just keeps marching on, taking advantage of the weak US dollar, that just keeps on suffering Yellen’s extreme dovishness. By repeating and even taking a further step in seeing the glass as half empty, the Fed Chair sends the US dollar to new lows. For EUR/USD, this means the highest level since October, nearly 6…
Chipotle Mexican Grill, Inc. (CMG – Analyst Report) has its back to the wall! The burrito maker was once the darling of Wall Street with revenues exhibiting a extraordinary CAGR of more than 23% (till 2014), since going public. This stunning growth was supported by solid comps growth. However, toward the end of last year a series of…
Dow Jones Industrial Average (DIA) News, 3/31/2016: Though traders are waiting for tomorrow’s March jobs report, don’t sleep through the action in today’s trading session. Two members of the U.S. Federal Reserve are expected to speak, and ongoing interest rate chatter continues to weigh on investor sentiment. Meanwhile, weekly jobless claims came in higher than U.S. economists had anticipated. Last week, roughly…
Technical Outlook: Gap up yesterday held on but not in an overly convincing manner on the SPY – finishing slightly lower than its opening price. Volume trailed off from the day prior and is still well below recent averages. Potential bull flag pattern forming on the SPY 30 minute chart. Yesterday’s price action represented okay…
Written by PitchBook Music streaming company Spotify has reportedly raised $1 billion of convertible debt from firms including TPG and Dragoneer, and the lenders are said to have worked in some advantageous terms. Not only will they convert the debt to equity at a 20% discount of the share price when Spotify IPOs but, if Spotify…
Greetings, We begin with emerging markets which have been experiencing a worse recession than what we saw during 2008/09. Here is the breakdown by country. Source: @FitchRatings, h/t Josh Continuing with emerging markets, here are more updates. 1. Taiwan’s economy has been sputtering as a result of the global demand slowdown (especially the PRC). The…
Silver prices have been range bound over the last few days with yesterday’s high of $15.46 capping prices and Tuesday’s low of $15.08 supporting them. The support levels beyond Tuesday’s low of $15.08 are the March 3 low of $14.87 and the March 1 low of $14.75. Resistance levels beyond yesterday’s high are the March…
