Disruptive car maker Tesla Inc (NASDAQ:TSLA) is freely reimagining every aspect of the modern auto experience- from how cars are purchased to the energy they need to drive. And this innovative strategy is paying off – Tesla’s market valuation soared an extraordinary 40% this year to over $50 billion. Now Tesla is now worth more…
Two days of gains have pushed markets beyond their breakout levels and new closing highs. Volume has not been spectacular, but shareholders will not be complaining. Shorts will be out or left holding big losses. The Russell 2000 had the best of the action as it negated the ‘bear flag’ in a move which now…
In his latest weekend notes, One River Asset Management CIO, Eric Peters, picks up where BofA’s Mike Hartnett left off on Friday when he said that the “QE Monster” will only end when “the Wall Street bubble” finally shocks the Fed. Yes, but what will “end it”, or better yet, what will “shock” Yellen and…
Last week was the annual MLPA conference, in Orlando, Florida. It’s safe to say the guests at nearby Walt Disney World had a more carefree time than beleaguered MLP investors. One long-time attendee described the mood as “glum”, noting that energy sector investors had expected a more vigorous rebound. Although the conference is organized around…
Dollar/yen dropped as the page turned into June, reflecting the dollar’s weakness. Here is an outlook for the key levels to watch on the pair with a note of key movers. We cover the top fundamental news and outlook, a technical analysis on the daily chart and finally sentiment for the pair moving forward. USD/JPY fundamental movers…
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 11 years of Forex prices, which show that the following methodologies have all produced profitable results: · Trading the two currencies that are trending the most strongly…
I can’t stress this enough. The easy money over the next year or so is going to be made in the stock market. Allocate most, if not all, of your capital to that sector if you want to have a lot more money in your account by this time next year. I would only use…
The most recent Friday ranking is shown in the column labeled WkBk0. WkBk0 represents a non-trade day (only important in the sense that it is not acted upon for backtesting purposes). The last “official” trade-day was WkBk1, a week earlier. ETF Momentum Rankings — Commentary Movement in the last week’s ETF momentum rankings has been minimal. Only…
The bull market roared on this week as it shook off a weak May jobs report to continue pushing higher. The S&P 500 added another 1% while the tech-heavy Nasdaq continued its market leadership gaining 1.5%. The S&P 500 is now up around 9% on the year with the Nasdaq up 17%. The economic data…
There has been a massive storm of political rain that has blanketed the media airwaves and internet last month, however, the stock market ignored the deluge of headlines and focused on more important factors, as prices once again pushed to new record highs. Over the eight-year bull market, the old adage to “sell in May,…
