Stocks For You To Trade: WTW, NVDA, IAC
Monday’s swing-trades: Long Weight Watchers (WTW) Long Nvidia (NVDA) Short InterActiveCorp (IAC)
Author Archives: Darren Marchal
S&P 500 And Nasdaq 100 Forecast – Monday, May 14
S&P 500 The S&P 500 has rallied again during the session on Friday, as we continue to see a lot of strength. I believe that the 2700 level underneath is massive support, and I believe that if we can stay above that level, we will continue to go higher. After all, we have made a…
Crude Oil Prices Look To OPEC, EIA Reports For Supply Trend Clues
Commodity prices fell on Friday, with crude oil and gold prices down in tandem as bets on rising lending rates undercut the appeal of non-interest-bearing and anti-fiat alternatives. The spread between two- and ten-year US Treasury bond yields widened as borrowing costs at the longer end edged up. OPEC, EIA TO INFORM CRUDE OIL SUPPLY OUTLOOK From…
How Much Can The Fed Hike Before The Yield Curve Inverts?
The market expects a 100% chance of a hike in June and a 78.2% chance of at least one more hike by September. Then what? December Rate Hike Odds 10-Year Treasury Yield vs Fed Funds Rate 10-Year Treasury Yield Minus Fed Funds Rate When Will the Yield Curve Invert? Assuming the 10-year yields remains at…
Sensex Opens Marginally Higher; Realty & Healthcare Stocks Ga
Asian shares are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.4% while the Hang Seng is up 1.3%. The Shanghai Composite is trading up by 0.6%. US markets ended on a positive note as their last closing prices. Gains were seen on the back of healthcare stocks which rose after President Donald…
Weekly Forex Forecast – Sunday, May 13
The US dollar initially tried to rally against the Canadian dollar during the week but found enough resistance at the 1.30 level to turn around and form a shooting star. If we can break down below the bottom of the shooting star, that should send this market down to the 1.25 handle, especially considering that…
Australian Dollar’s Slide May Pause, But It’s Probably Not Over...
FUNDAMENTAL AUSTRALIAN DOLLAR FORECAST: NEUTRAL The backdrop of an AUD/USD slide remains very much in place But, weaker US CPI numbers have put the brakes on US Dollar bulls’ enthusiasm It may return, but perhaps not in too much force this week The Australian Dollar is trading very much in thrall to the ‘USD’ side of AUD/USD and, although…
Don’t Worry “Everything Bad Is Priced In”
The stock market has turned the corner. Everything bad is priced in. Here’s the joke of the day: Stock Market Turns the Corner as Most Risks are Already Priced In. “By now, investors priced in all the bad things they could price in: concerns about trade wars, geopolitics, rising rates and even fears that earnings…
Cadence Bancorp To Merge With State Bank Financial
Cadence Bancorp (CADE) and State Bank Financial (STBZ) jointly announced the entry into a definitive merger agreement in a stock-for-stock transaction, creating a combined organization with $16B in assets, $12B in loans, $13B in deposits and approximately 100 branches serving Texas, Georgia, Florida, Alabama, Tennessee and Mississippi, based on the companies’ balance sheets as of…
US Treasury Shorts Hit Record High As Foreign Banks Dump Bonds
A roller-coaster week for rates and the dollar did not stop large speculators adding to their already record-high short positions across the entire term structure. USD Shorts have started to cover aggressively. Driven mostly by additions to EUR shorts… BUT, record bond shorts keep getting more record-setting. From the shortest-end (ED futures) to the belly (5Y at…