For most people, Friday is just the day before the weekend. But in the Wall Street Daily Nation, it’s the day we ditch the long-winded analysis and let some graphics talk for us. This week, I’m serving up a limbo edition. I’m going to profile just how low Snap Inc.’s (SNAP) newborn stock can go. (I warned you!) I’m…
After opening the day strong, share markets in India witnessed selling and are trading marginally above the dotted line. Sectoral indices are trading on a mixed note with stocks in the consumer durables and telecom sector leading the gains, while stocks in the oil & gas and metals sectors are trading in the red. The BSE Sensex is trading up by 52 points (up 0.2%), and the NSE…
The dollar is poised to close the week on strong gains as markets wait for NFP later today. The general consensus is that unless the NFP data is disastrous, the FED will proceed with a rate hike later in March. Strong ADP emnicoployment on Wednesday though indicate that NFP today should be in line with…
AT40 = 39.9% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 58.3% of stocks are trading above their respective 200DMAsVIX = 12.3 (volatility index)Short-term Trading Call: neutral Commentary From a technical perspective, my last “Above the 40” post made as detailed a case as I can make to describe the erosion of the stock…
EUR/USD managed to gain some ground after Draghi removed some urgency. What does this mean for the euro? Here are three opinions: Here is their view, courtesy of eFXnews: EUR: Here Is The Next Step From The ECB After the ‘Hawkish Twist’ – Danske The ECB kept all policy measures unchanged at today’s meeting, and President Draghi…
Philip Hammond, Chancellor of the Exchequer of the United Kingdom. Image via World Economic Forum The British Finance Minster, Philip Hammond delivered his spring budget on Wednesday, marking the last budget release before the UK government begins the Brexit talks with the EU. Britain’s growth forecasts for the economy this year was raised to 2%…
USD/JPY 4 hour The USD/JPY broke above the resistance top (dotted red) of the wave 1 (blue), which could start the wave 3 (brown) of wave 3 (blue). Price needs to reach at least the 161.8% Fibonacci target before the wave 3 can be confirmed. 1 hour The USD/JPY keeps pushing with higher highs and…
In the business world things are constantly changing, in particular, the way we pay electronically for goods and services. I am often asked by those near retirement age about the concept and usage of the world’s first digital currency: Bitcoin. It’s truly a fascinating concept and yet a dangerous one since there is no telling…
The Fed is a big believer in consumer confidence numbers. I never understood why because I never could see a strong correlation between confidence and spending. There is a strong correlation, but it isn’t spending habits. John Hussman provides the answer below. Multi-year highs in consumer confidence are less a sign of forthcoming consumer spending…
The Quality factor completed a six-week climb to the top of the factor rankings, knocking Value down to sixth place in the process. Financials and Technology sit atop the sector rankings, as Telecom falls to the bottom. Not much change from a global perspective, with Latin America still at the helm and Canada relegated to…
