I try to stay away from making predictions. I don’t see the upside. If I am right, then yay! But after the fact, predictions often look obvious (hindsight bias) and it is hard to get much credit for them. By the same token, if I am wrong then the ex-post facto viewer shakes his head sadly at…
USD/CAD broke above 1.2917 resistance and extended its upside movement from 1.2526 to as high as 1.2997. Further rise is still possible after a minor consolidation and next target would be at 1.3050 area. Near-term support is at 1.2870, a breakdown below this level would suggest that the upside movement is complete, then deeper decline…
Boeing and Airbus are among the first casualties in Trump’s cancellation of the nuclear deal with Iran. The Seattle Times reports Boeing’s $9.5 Billion Iran Deals, Always Uncertain, are Now Effectively Dead. Following President Donald Trump’s scrapping of the Iran nuclear deal Tuesday and his imposition of what he called “powerful” sanctions, Boeing’s prospective sale to…
The Industrials Sector includes twenty-three industries all related to designing, fabricating and servicing stuff we want and use. The industrials industries range from aerospace and defense to waste management with all the transportation, business services, and equipment required in between. Today I’m reviewing a Large Cap British-based Aerospace & Defense Industrials firm operating as a…
Initial Claims made a new low for this economic expansion in April 2018. This is a medium-long term bullish sign for the stock market. Initial Claims leads the economy, which leads the stock market. Historically, economic recessions either led to bear markets in equities or “significant corrections”. The following chart shows how Initial Claims is…
After opening the day on a negative note, stock markets in India witnessed buying interest and went on to trade marginally higher. Sectoral indices are trading on a mixed note with stocks in the telecom sector and IT sector witnessing maximum buying interest. The BSE Sensex is trading up 51 points (up 0.2%) and the NSE Nifty is trading up 10 points (up 0.1%). The BSE…
The decision of President Donald Trump to officially pulled out of the 2015 Iranian deal signed by the then U.S. president, Barack Obama and global powers bolstered crude oil prices during Asian trading session. The Brent crude oil, against which Nigeria’s crude oil is priced, rose above the $76 a barrel as at 2 am…
The Walt Disney Company (DIS – Free Report) released its second quarter financial results, posting adjusted earnings of $1.84 per share and revenues of $14.55 billion. Disney is currently a Zacks Rank #3 (Hold), which is subject to change based on today’s results. Shares of Disney are down 8% over the last year, but have popped 2.8% over…
The S&P 500 is at a critical juncture as investors and traders will be determining if this is the start of another bear market, a prolonged holding period, or a correction which soon abates. We look to the fundamentals to drive our discussions because we think they drive markets in the long run. To be clear,…
Here’s my video on swing-trading in the stock market, when price conditions are choppy and unpredictable.
