Gold short-term Elliott Wave view suggests that the rally to 4/11 high at 1365.24 ended Minor wave B. Below from there, the decline is unfolding as an impulse Elliott wave structure in Minor wave C of (B) lower. This structure forms a bigger FLAT Elliott Wave structure which starts from 1/25 peak. Internals of each leg to the downside,…
My Swing Trading Approach Similar to yesterday, I will take a very cautious approach with this market. Less is more in this market and I do not want to rapidly increase my long exposure with such incredible uncertainty. Only under very bullish circumstances today, will I add additional long exposure to my portfolio. Indicators VIX –…
NFP DISAPPOINTS, USD BULLS RESPOND TO QUICK PULLBACK TO BRING FRESH HIGHS April Non-Farm Payrolls data was released out of the United States this morning, and the headline number came-in with disappointment as the +163k print was unable to match the expectation of +191k. On the bright side, the unemployment rate did drop to a fresh…
Cloud-based enterprise applications provider ServiceNow (NYSE: NOW) recently announced its first quarter results. As usual, the company continued to outpace market expectations. In fact, given ServiceNow’s performance, the company was recently qualified as one of the “cloud kings” by analyst Jim Cramer. It has been one of my favorites as well. ServiceNow’s Financials ServiceNow saw…
Cloud-based enterprise applications provider ServiceNow (NYSE: NOW) recently announced its first quarter results. As usual, the company continued to outpace market expectations. In fact, given ServiceNow’s performance, the company was recently qualified as one of the “cloud kings” by analyst Jim Cramer. It has been one of my favorites as well. ServiceNow’s Financials ServiceNow saw…
US companies added 168,000 workers in April, moderately more than the 138,000 gain in the previous month, which marked the softest increase since last September, the Labor Department reports. The advance kept the annual trend steady, which suggests that moderate growth for the labor market overall remains a reasonable forecast for the near term. Private employment increased…
What will Housing Bubble 2 do when mortgage rates hit 6%? Wow, this was fast. The average interest rate for 30-year fixed-rate mortgages with conforming loan balances – $453,100 or less with 20% down) jumped to 4.80% for the week ending April 27, from 4.73% in the prior week, and from 4.66% two weeks ago,…
Following this morning’s disappointing payrolls data – if you ignore the ridiculous 3.9% unemployment rate that The Fed focuses on – the dollar index is spiking back above pre-FOMC levels. However, it is the massive VIX flash-crash to a 10 handle is the most notable… Stocks are sinking post-payrolls… Not a fat finger!
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 the latest portfolio I’m building (my Safari To Sweet…
The headline seasonally adjusted BLS job growth was again significantly below expectations. This month’s data is so chaotic – I would not look too deeply at the internals. Analyst Opinion of the BLS Employment Situation The household and establishment surveys were not in sync – which means if you believe the establishment’s survey’s employment growth,…
