Stocks For You To Swing-Trade: CSCO, OAS, CLR
Monday’s swing-trades: Take a look at three trading ideas to prep you for the next trading session. Long Cisco (CSCO) Long Oasis Petroleum (OAS) Short Continental Resources (CLR)
Finance
USD/CAD Daily Analysis – Monday, May 7
USD/CAD moved sideways in a trading range between 1.2803 and 1.2917. The price action in the range is likely consolidation for the uptrend from 1.2526. As long as 1.2803 support holds, the uptrend could be expected to resume and further rise to 1.3100 area is still possible after the consolidation. On the downside, a breakdown…
Indian Indices Continue Momentum; Sensex Up Over 130 Points
After opening the day on a positive note, stock markets in India have continued their momentum. Sectoral indices are trading on a positive note with stocks in the consumer durables sector and metal sector witnessing maximum buying interest. The BSE Sensex is trading up 131 points (up 0.4%) and the NSE Nifty is trading up 46 points (up 0.4%). The BSE Mid Cap index is trading up…
Study: Do Corporate Earnings Lead The Stock Market?
I’ve been building more quantitative trading models recently. I know that some hedge funds calculate the stock market’s “fair value” and then trade around that fair value. For the record, this is not what I do with the Medium-Long Term Model. This “fair value” is usually “the stock market’s average P/E ratio during certain market environments”….
The Google Hurdle: Google’s Earnings Power As The Opportuni
We share the details of our valuation of Alphabet on an Earnings Power Value basis, apply the IW Box framework, and reiterate our view that the investment opportunity is compelling. We estimate Alphabet’s earnings power yield (5.5% without Other Bets) and advance it as “the Google hurdle”, or the opportunity cost for tech investments with…
Oil, U.S. Dollar Head Higher
Oil prices surpassed their three-year highs on Monday as supplies remained tight and traders waited for news regarding the possibility of fresh U.S. sanctions against Iran. U.S. President Donald Trump has set this coming Saturday, May 12, as the date by which European nations must fix their deal with Iran over its nuclear program. If…
All About The US Dollar
In this week’s Commitments of Traders Report, speculators continue to sell positions inversely correlated to the US dollar. As a proportion of total interest, the most meaningful declines this week were in the Swiss franc, British pound, and gold net positions. Other assets such as the euro, Canadian dollar, Australian dollar and crude oil also…
The Monopolization Of America
THE MONOPOLIZATION OF AMERICA: The Biggest Economic Problem You’re Hearing Almost Nothing About Not long ago I visited some farmers in Missouri whose profits are disappearing. Why? Monsanto alone owns the key genetic traits to more than 90 percent of the soybeans planted by farmers in the United States, and 80 percent of the corn….
AUD/USD Weekly Analysis – Monday, May 7
AUD/USD remains in the downtrend from 0.7813, the bounce from 0.7472 is likely consolidation for the downtrend. Range treading between 0.7472 and 0.7590 would likely be seen in a couple of days. As long as 0.7590 resistance holds, the downtrend could be expected to resume and another fall towards 0.7300 is possible after the consolidation….
WTI Tops $70 For First Time Since Nov 2014 As Iran Deal Deadline
With the Iran Deal looking increasingly fragile, front-month WTI futures have just traded above $70 for the first time since Nov 2014. $70 just happens to be the 50% retracement from the Aug 2013 highs to the Feb 2016 lows… As OilPrice.com’s Tsvetana Paraskova notes, US President Donald Trump has another week to decide whether to waive…