The running average for job creation for the months of January, February and March 2018 in the USA came in at about 208000. Taken over a longer period, over the last year the average figure was approximately 190000. So, viewed against this backdrop, the job creation figure for April of 16400 is clearly a relatively…
The New Zealand dollar – commonly known as the Kiwi – fell to the lowest level since December. This came after the country’s central bank released its interest rate decision and a statement. In today’s meeting, the officials decided to leave interest rates unchanged at 1.75% and removes chances of a rate hike in the…
The EUR/USD is trading higher and getting away from the 2018 lows. The US Dollar is taking a breather and the Euro has no new disappointing figures. The technical picture still shows oversold conditions but other factors are improving. The EUR/USD is trading around $1.1880, up on the day and further away from the new…
My Swing Trading Approach I am following the downtrend that the bulls are testing at the open today on SPX. Should it break, I will look to steadily increase my long exposure in the market, while protecting my profits in existing positions. Indicators VIX – Hard breakdown on the VIX yesterday, that dropped it 8.8% to…
Twitter (NYSE: TWTR ) appears to be making a slow turnaround this year. It recently reported its quarterly performance that outpaced market expectations and delivered its appears to be making a slow turnaround this year. The market is also impressed with some of the content-related moves that the company is making. Twitter’s Financials For the first quarter…
The difference between the market backdrop this week versus last week is almost like night and day. Last Thursday, equities were testing the 200-DMA to the downside before staging a major turnaround over the last five days. Now, rather than breaking down, stocks appear to have broken their downtrend from the late January highs. Given…
Apple Inc (AAPL – Free Report) posted favorable earnings results in its fiscal second quarter. The good show was driven by impressive iPhone X, iPhone 8 and iPhone 8 Plus sales. Apple’s encouraging earnings results had a positive impact on the tech sector and boosted investor sentiment. Following these promising trends, investing in technology mutual funds with…
Hurricanes continue to impact claims taking procedures in the Virgin Islands and Puerto Rico. The market expectations for weekly initial unemployment claims (from Bloomberg/Econoday) were 218 K to 229 K (consensus 220,000), and the Department of Labor reported 211,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors…
Individual investors generally don’t think about liquidity. You send a market order for 200 shares of something, it gets filled instantaneously, no problem. Institutional investors have to think about liquidity a lot. Say you have 200,000 shares of a stock to sell that only trades, on average, a million shares a day. You have a…
Individual investors generally don’t think about liquidity. You send a market order for 200 shares of something, it gets filled instantaneously, no problem. Institutional investors have to think about liquidity a lot. Say you have 200,000 shares of a stock to sell that only trades, on average, a million shares a day. You have a…
