The USD/CAD dropped to the lower ground, pushed by US Dollar weakness rather than C$ strength. The double-feature Friday with Canadian inflation and retail sales stands out. The technical picture is evenly balanced, and the pair is looking for new clues for its next move. A US-Canadian ugly contest, Iranian oil and still no NAFTA…
Japan reported a larger than expected March current account surplus. It typically rises in March even though the seasonal pattern is not quite as strong as it is in February. For the last 20 years, Japan’s current account surplus in February is always larger than the January surplus, which has, without fail, been smaller than…
Shares of Norton Antivirus maker, Symantec Corporation took a dip of more than 20% in the evening trading session on Thursday. The drop followed an announcement that Symantec’s audit committee was carrying out an internal probe in connection with undescribed concerns that were brought forward by an employee who previously worked for the company. The…
Another 500+ companies reported earnings this week, bringing the total number of companies that have reported this earnings season up to 2,000+. The “unofficial” end to earnings season comes next week when Wal Mart (WMT) reports on Thursday. With less than a week to go, the summary results for this earnings season aren’t likely to…
Even though cryptocurrency values have thus far been difficult to predict, there are a few key components of determining a project’s success. One of the biggest factors is technology. While investors don’t necessarily have to know about the technical details of a project, it’s still important to see some progress in this area. Testnets are able to…
Cloud computing software vendor Twilio (NYSE: TWLO) recently reported its first quarter financial results that shattered all expectations. The market is very pleased with Twilio, with some categorizing it as a “star in digitization”. Photo Credit: Web Summit/Flickr.com Twilio’s Financials For the quarter, Twilio’s revenues grew 48% to $129.1 million, ahead of the market’s forecast of…
Until yesterday, Symantec was a well-behaved, picture-perfect bullish stock. Just one bad “forward guidance” is all it takes to wipe out 35% of its market cap within milliseconds, which just goes to show how priced-for-perfection equities are these days. Here is a longer view, showing how severe the break is.
My Swing Trading Approach I’m not opposed to adding more long exposure, but may wait for some consolidation in price or a light volume pullback first. Indicators VIX – Breaking down hard and fast. Down six days in a row. Lowest close since late January, and a sign that volatility is trending lower. T2108 (% of stocks…
It appears that 1275bps of rate-hikes, hopes for an IMF bailout, and promises-promises from the government are not enough to halt the capital flight from Argentina as the Peso just crashed back to a new record low over 23 per USD. With 7-day repo-rates at 40.00%, still, the currency is collapsing… Ironically, BNP Paribas says the Peso…
There’s always something else to worry about. For a while now, investors we admire such as Grantham, Mayo, van Oterloo (GMO) and Research Affiliates have been touting the cheapness of foreign stocks, especially emerging markets stocks. This past August James Montier of GMO argued that an allocation to the S&P 500 Index, given its valuation…
