It looks as though manufacturing activity in the NY Fed region is slowing in April as the Empire Manufacturing report came in weaker than expected, showing a larger than expected decline. While economists were expecting the headline number to show just a modest decline from 22.5 down to 18.4, the actual decline was a bit…
My Swing Trading Approach I reduced my long exposure some on Friday, but still maintain 30% long and 70% cash. So if the market gap higher this morning can hold up, I’ll look to add more to the long side. Indicators VIX – Sold-off hard to the downside. Friday sold off another 5.8% and now in…
Shortly after the collapse of the ‘short-vol’ trade in February, VIX speculators were ripped into an unprecedented long position (i.e. betting on higher vol) and while VIX has fallen from its peak chaos levels, speculators have added to their ‘rising risk’ bets. It appears ‘Buy the dip’ has reached the volatility markets… As Bloomberg notes, hedge funds have increased…
A fresh 2018 high, an unbroken resistance and negative divergence. What does this interesting mix tell us about oil bull’s strength and further increases? Technical Analysis of Crude Oil Let’s examine the charts below (charts courtesy of http://stockcharts.com). The first ting that catches the eye on the daily chart is a fresh 2018 peak created on Friday….
A review of today’s commodities, stocks, ETFs, stock market indexes and cryptocurrencies. Video Length: 00:16:43
Have you been eager to see how M&T Bank Corporation (MTB – Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this New York-based major bank’s earnings release this morning: An Earnings Miss M&T Bank came out with net operating earnings per share of $2.26, lagging the Zacks Consensus…
Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success. This week my latest portfolio seeks a high-yield and growing stock…
On Friday evening, when I found out about the Syrian missile strike, I didn’t quite know what to anticipate once the market re-opened Sunday afternoon. Some folks tweeted that it would be a sea of red. I wrote that I no longer trusted bad news. My cynicism was proved correct, as the new hostilities (and…
NZDUSD pair looks to build on its Friday correction in the new week as it saw price weakness during early Monday trading session today. Support lies at the 0.7300 level. Further down, the 0.7250 level comes in as the next downside target. Conversely, resistance resides at the 0.7400 level where a break will aim at…
Have you been eager to see how Bank of America (BAC – Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this Charlotte-based one of the world’s largest financial institutions’ earnings release this morning: An Earnings Beat BofA came out with earnings of 62 cents per share, which…
