IAC/Interactive (IAC – Free Report) is a media and internet conglomerate organized into four distinct groups: The Match Group, which consists of dating, education and fitness business brands such as Match.com, OkCupid, Tinder, The Princeton Review, and DailyBurn; Search & Applications, which includes brands like About.com, Ask.com, Dictionary.com, and Investopedia; Media, which comprises Vimeo, Electus, The Daily Beast,…
After more than a year EUR/GBP broke below the key.8600 support level which more of an indication of market’s disappointment in the ECB policy than its an overall bullish call on cable. Recent data from the region has consistently hinted that economic growth may have peaked and as we noted today, “EZ IP contracted by…
Today, I am calling the potential for a massive upside breakout move on what we believe is a massive Short Squeeze position just above resistance in the SPX. Take a look at these charts. This SPY chart showing our Advanced Adaptive Dynamic Learning Cycles and the Stage 1 basing pattern that we referenced yesterday is…
A review of today’s markets.: Video Length: 00:17:03
The General Electric train wreck continues – – – if we get into a bear market, I assume this will become a penny stock. Anyway, here’s the recent performance during one of the biggest bull runs in human history, fueled by trillions of dollars of free central bank money:
Everyone’s got an opinion about Facebook these days. And as Mark Zuckerberg spent two days chatting with Congress, you can bet your bottom dollar that everyone and his brother was trying to figure out whether the stock is a “buy” or a “sell.” I figured I might as well throw my hat in the ring….
Today, Bitcoin exploded higher by over 15% (the biggest move since 2017), breaking above $8,000 on extremely heavy volume as the cryptocurrency tests above its 200-day moving-average. Speculative chatter on the driver behind the move is Russian oligarchs buying (though we note that Bitcoin actually fell on the announcement of the sanctions last week). This is obviously…
Look, the ECB came across as pretty upbeat on things in their annual report. I talked a bit about that earlier this week. I also showed you the following chart from BofAML which seems to suggest that Draghi may have missed his window or if he hasn’t missed it yet, may be well on the way…
My Swing Trading Approach I am still playing this market cautiously. I will consider adding another long position to the portfolio, but won’t do it on anything less than ideal trading conditions. Right now the headline risk is notable, and prevents any significant long exposure in this market. Indicators VIX – Saw a 1.1% decline despite…
Yesterday, the Labor department released the consumer prices data for the month of March. The data showed that consumer prices eased during the month, with gasoline being the main contributor. The data showed that consumer prices dropped by 0.1%. This was the first and largest drop in consumer prices since May 2017. This was against…
