Doc Copper has spent the majority of the past 7-years inside of falling channel (1). It has done very well the past 3-years, as it has rallied over 70% since hitting channel support in 2015. The 3-year trend is up and nothing of late has changed the intermediate trend. This strong rally now has…
The US Dollar (via the DXY Index) is trading slightly higher this morning, building on its gains from late in the day yesterday, as market participants have seen an unwind of the conditions that initially dropped it lower this week. Following a hot March CPI report, the March FOMC minutes indicated that policymakers were leaving open the…
The consumer cyclicals sector includes twenty-eight industries ranging from Advertising Agencies to Apparel, Autos, Broadcasting, Department Stores, Gambling, Leisure, Lodging, Packaging, Personal Services, Shoes, Restaurants, Rubber, Plastics, Textiles, and all such consumer aimed enterprises. Today I’m reviewing another residential construction firm in the U.K.. It’s a large-cap stock with market capital over $10 billion. Its name…
Bitcoin is on the move and “big league.” Bitcoin price just increased from $6,900 to $7,600 within 10 minutes. — Joseph Young (@iamjosephyoung) April 12, 2018 This looks like the biggest intraday gain in at least two months: Ethereum, Litecoin, and Ripple are all along for the ride: Jeez, this move is nuts. Like an…
GBP/USD 4 hour The GBP/USD bullish trend is testing the previous resistance levels (red), which could complete a wave 5 (green) pattern and start a potential reversal. A break below the long-term support trend line would confirm a larger bearish reversal. 1 hour On the 1 hour chart, the GBP/USD could be building a wave…
UBS analyst Carter Gould upgraded Incyte (INCY) to Buy while lowering his price target for the shares to $76 from $106. The stock offers an improved risk/reward profile after resetting lower on negative epacadostat Phase 3 data and removal of the drug from analyst models, Gould tells investors in a research note. The focus on…
Overnight Markets And News Jun E-mini S&Ps (ESM18 +0.45%) this morning are up +0.57% and European stocks are up +0.41% as the markets await President Trump’s decision on military action against Syria. President Trump tweeted this morning that he “never said when an attack on Syria would take place. Could be very soon or not so…
The US dollar steadied at lower levels, while equities eased as investors remain focused on the preparations to strike Syria and still tense rhetoric on trade. Reports indicate that the US and France have moved warships into the area and the UK has moved submarines within striking distance as well. One thing that complicates matters…
It was a relatively subdued trading session, with markets treading water amid modest volumes awaiting news of action in Syria, until just after 6am ET when as we reported previously, Trump reversed on his Wednesday morning tweet, and in his latest tweetstorm, said that he “Never said when an attack on Syria would take place. Could be…
A widely followed measure of the Treasury yield curve has resumed its decline in recent days, dipping to its flattest level in more than a decade. The narrowing between long and short rates is generally considered a signal of weaker economic activity in the future. An inversion of the curve – short rates above long…
