Bitcoin’s price increased from $7,200 to $9,600 over the last month. Despite cryptocurrencies making some people wealthy, many financial gurus and professionals warn investors to stay away from digital currencies. Jordan Belfort, the infamous Wolf of Wall Street says that “it’s the biggest scam ever, such a huge, gigantic scam that’s going to blow up…
NYMEX Natural Gas fell during the week. Oversupply and higher temperatures in the United States always have an impact in demand shown by EIA’s weekly storage reports. Shorter term traders came in to sell the exhaustive candles. Volumes, however, did not pick up. We feel we reached a bottom for this rangebound trading so we…
On Thursday morning, as the market dropped below its 200-dma, I got numerous emails asking about the break. I wrote the following in response: “I have often discussed that as a portfolio manager I am not too concerned with what happens during the middle of the trading week. The reason is daily price volatility…
On Thursday morning, as the market dropped below its 200-dma, I got numerous emails asking about the break. I wrote the following in response: “I have often discussed that as a portfolio manager I am not too concerned with what happens during the middle of the trading week. The reason is daily price volatility…
The S&P 500 ended the first week of May with a minor 0.24% loss from last Friday and 1.28% gain from Thursday. The index is down 1.2% YTD and 7.3% below its record close. The U.S. Treasury puts the closing yield on the 10-year note at 2.95%. Here is a daily chart of the S&P…
A big player in the gaming and casino industry, Las Vegas Sands Corp. (LVS) started from just one property back in 1990 and now has many locations in Las Vegas; Bethlehem, PA; Macao; and Singapore. Guests not only enjoy gaming at a Las Vegas Sands resort, but a luxury hotel experience; dining and entertainment; Meetings, Incentive, Convention and…
Equity prices remain bid going into the second week of May, with the near-term outlook for the DAX tilted to the topside, while the S&P 500 looks poised for a breakout amid the narrowing threat for a global trade war. Even though the two days of deliberations in Beijing failed to produce any meaningful signs of progress, ongoing negotiations…
The market is showing euro and sterling bulls little mercy. It seems that only the briefest and shallowest upticks are seen before new lows are seen. he fact that the several bilateral dollar exchange rates are going through 200-day moving averages puts in on many medium-term investors radar screens for the first time in a year. The…
Wall Street has been on a wild ride over the past three months, pushing the major indices into the red for the year. This is primarily thanks to global trade worries, threats of inflation, concerns over speedy rates hike, ongoing political turmoil in Washington and geopolitical tensions. However, many stocks survived the market turmoil thanks…
