TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Canada’s marijuana market has been one of the hottest places to invest and this trend has shown no signs of slowing down. Canadian licensed medical marijuana producers have been one of the biggest…
The Chicago Fed’s National Activity Index, which we reported on this morning, is based on 85 economic indicators drawn from four broad categories of data: Production and Income Employment, Unemployment, and Hours Personal Consumption and Housing Sales, Orders, and Inventories The complete list is available here in PDF format. In this morning’s Chicago Fed update, we learned that “Led…
EURNZD can be trading within a three-wave bearish reversal, away from the top labeled at 1.7381 level. We can see that former impulse unfolded a nice bullish pattern, which now gives us thinking that maybe a change in trend may follow. Well we see waves a and b completed so current drop can be wave…
Although currency bears pushed the greenback lower against its Canadian counterpart earlier today, the medium-term support line based on September and October lows continues to keep declines in check. What does it mean for USD/CAD? EUR/USD Earlier today, EUR/USD slipped slightly below the previously-broken upper border of the purple declining trend channel, but then…
Equity investors, corporate boards, and momo machines are panic-buying stocks this morning, sending the S&P 500 above 2600 for the first time ever… as the yield curve crashes to decade flats… VIX down, Stocks Up… While USD/JPY momo is helping, stocks are quite decoupled… And so are bonds…
Equity investors, corporate boards, and momo machines are panic-buying stocks this morning, sending the S&P 500 above 2600 for the first time ever… as the yield curve crashes to decade flats… VIX down, Stocks Up… While USD/JPY momo is helping, stocks are quite decoupled… And so are bonds…
After the decent year 2016, this year Impact Silver performs quite poorly. Look at the chart below: source: Simple Digressions Although the production level was generally stable, costs of production were a bit higher this year. As a result, cash flow from operations (excluding working capital issues) was negative in 3Q 2017: source: Simple Digressions …
Gold surged higher on Friday. Then it gave all the gains back yesterday. Looking beyond this short-term noise, gold is not an exciting market right now. What could make that change? Gold is trading in a rough sideways trend with an upside bias. This bias continues to strengthen, albeit very slowly. The technical action reflects the fundamentals…
This morning’s release of the October Existing-Home Sales increased from the previous month to a seasonally adjusted annual rate of 5.48 million units. The Investing.com consensus was for 5.42 million. The latest number represents a 2.0% increase from the previous month and a 0.9% decrease year-over-year. Here is an excerpt from today’s report from the National Association…
Following September’s positive housing data rebound, October data is starting well with existing home sales surging 2.0% MoM (better than expected 0.2%) to 5.48mm SAAR, as the US existing home sales inventory tumbled 10.4% YoY, to 1.8 months, the lowest since 1999. Sales of previously owned U.S. homes rose to a four-month high, indicating demand was firming…
