Armo Biosciences (Nasdaq: ARMO), a Bay Area immuno-oncology company, agreed to be acquired by Eli Lilly (NYSE: LLY) in a $1.6 billion transaction (see story). Last year, Armo raised $67 million in a 2017 Series C-1 funding from China investors. Four months ago, Armo completed a $128 million IPO at a $500 million valuation. Lilly offered to pay $50 per…
The US dollar has been on such a strong advance that some investors and journalists may suspect that there is a shortage of dollars.The Dollar Index rise has been relentless, appreciating in all but one week in each of the past three months. The US dollar is now higher on the year against most of the…
Stocks explode higher all week ending above the expected move. We focus on how you can determine how much risk you’re comfortable with right now so you’re not blindsided in next week’s trading.
My last post on Bitcoin made reference to a bearish engulfing candle that had formed on the daily timeframe. Since then, its price drifted slightly upwards, then plunged and closed below the low of that candle on Friday, as shown on the following daily chart. The momentum and rate-of-change indicators did not confirm the recent higher price high, but are both in an accelerating diverging downtrend, and are below their zero levels….
VIX revisited its 2-year Ending Diagonal trendline one week after punching through it during Options Expiration. The move appears reflexive, but this time the VIX did not go beneath the trendline. Re-crossing the mid-Cycle resistance at 13.62 confirms the VIX buy signal. (ZeroHedge) One of the catalysts cited for the recent breakout in the…
Below is a brief recap of last week’s price projections and the price targets for next week. After some hesitation in the no-man’s-land between the bullish and bearish channel mentioned last week, the SPX regained its strength and sliced through several resistance levels to finish the week just below the 6 day CIT Angle target….
Video Length: 00:04:26 April CPI numbers show inflation still trending upward in U.S. Data from the U.S. Department of Labor’s Consumer Price Index (CPI) report for April, released May 10, showed that the country’s rate of core inflation increased 2.1%, year-over-year, Ng said. “While this was slightly below consensus expectations, the new number indicates that…
Latest Price – 92.41 Price has rallied solidly over the last few weeks however absolutely no damage has been done to the overall downtrend and I believe a mini crash will occur over the coming months that sees price drop down to around the 80 level. Weekly Chart Pattern – the rally of the last…
After the slight miss in inflation data we continue to hear pundits say the Fed is going to have to switch course. Chris Temple and I discuss the factors that the Fed is watching most closely and more importantly what they have been telling all of us for more than a year. (Audio length 00:13:45)
Oil price has zoomed to the highest levels in more than three and a half years buoyed by potential export disruptions in Iran and falling production in Venezuela. Additionally, the historic output cut deal by OPEC, Russia and other producers to curb production is paying off, paving the way for a rebalancing of the oil…
