From a technical perspective, the US dollar looked vulnerable to start the week, but the 8.5% drop in Chinese shares in Shanghai provided additional fuel. The linkage between the two is that global headwinds may intensify and keep the Fed from raising rates in September. This seems like a premature judgment, but market pricing was never…
Financial markets usually slow down in the summer. But the coming week could provide some indication of how the rest of the quarter will pan out. The Federal Reserve’s monetary policy decision will take center stage and along with the U.S. second-quarter growth report investors should have a better idea of what the rest of…
Gold recovered slightly today, hovering around the 1100 level. Crude oil is trading slightly under $48. EURUSD is broadly higher following last week’s recovery following the negative US New home Sales data which slipped to the lowest level of 2015, which is also the main reason for the USD weakness we noticed from Friday onwards…
Amazon had an absolutely amazing end of the week last week after the company surprised Wall Street analysts with their earnings report for the second quarter. Amazon’s market cap now even exceeds the next largest retailer, Wal-Mart (WMT). Today, we’ll take a look at the earnings, what happened after the report, and discuss what I…
Following the weakness in Friday’s afternoon (China) session, tonight’s open is decidedly shaky as Shanghai Composite open down over 2% and CSI-300 (China’s S&P 500) is now down over 5%. This follows a year-over-year drop in China Industrial profits (-0.3%), the first since March as the small bounce in April and May is now done. Commodities are…
Gold prices ended Friday’s session up $8.72, to settle at $1099.09 an ounce as weaker-than-expected data from the U.S. and declines in global equity markets sparked some short covering. Gold rebounded from the lowest levels since February 2010 after the Commerce Department reported that sales of new homes dropped 6.8% to a 482000 annualized pace….
I definitely have lazy areas. When it’s cold and raining, I don’t want to take my dogs out to the park where they’ll get wet and muddy and I end up having to bathe them. Being in Seattle, it’s a huge hassle during the winter months where it drizzles constantly. So I have a lazy man’s…
Markets pulled back last week. AAPL earnings disappointed investors on Tuesday and pressure the tech stocks. Energy stocks stayed weak. Stocks were especially weak on Friday, as SPX pulled back 1.07% and closed just below 2080. However, we traded very well, and booked winning trades on both up and down sides. Our TSLA calls early in…
T2108 Status: 28.0%T2107 Status: 34.8% (a 9-month low!)VIX Status: 13.7 (8.7% gain)General (Short-term) Trading Call: NeutralActive T2108 periods: Day #190 over 20% (overperiod), Day #1 under 30%, Day #5 under 40%, Day #45 under 50%, Day #62 under 60%, Day #261 under 70% Reference Charts (click for view of last 6 months from Stockcharts.com):S&P 500 or SPYSDS (ProShares UltraShort…
Since the beginning of 2009, the U.S. 10-year yield has averaged around 2.6%. Consequently, most investors feel that interest rates have nowhere to go but up. However, from 1930 to 1955, the U.S. 10-year yield also averaged 2.6%. That’s 25 years! There was even a double-digit annual inflation rate after World War II, yet rates stayed low….
