Stellar Lumens or XLM showed yet another outstanding performance on Monday, days after IBM’s VP confirmed that Stellar is a “big” part of the company’s IBM blockchain platform strategy and relies mainly on Stellar’s technology. Stellar Lumens is being used in a real-world environment for the company’s blockchain solutions. But another thing that is getting…
Since LIBOR is a hot topic again, though no 2a7 in sight, I thought I’d add one additional perspective that isn’t found in any other analysis. LIBOR is, of course, a money rate applied not to domestic funding but eurodollars on offer in London. The current criticism of the rate stems from the fact that…
BTC/USD Bitcoin rallied slightly against the US dollar on Monday but continues to be very soft in general. We are hovering above a major support level in the form of the $6500 level, but at this point, I think the best thing we can hope for is a bit of stability. If we break down…
Asian stocks are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.70% while the Hang Seng is down 0.64%. The Nikkei 225 is trading down by 0.89%. US stocks closed sharply lower hit by uncertainty surrounding trade policy and weakness in shares of technology and internet companies. Back home, India share markets opened the day on…
AT40 = 27.3% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 36.2% of stocks are trading above their respective 200DMAs (new 2-year closing and intraday lows)VIX = 23.6Short-term Trading Call: neutral Commentary In my last Above the 40, I tried to highlight the positives even as the negatives in the market grew. Sellers saw fit…
Those wondering how far equities may drop before there is a sustainable bounce may be in for a negative surprise. For those who place faith in technicals, there’s a long way down until the next shelf on a monthly chart. The weekly chart suggests more spots from which to bounce, but nothing looks very firm…
Before I left for a week of vacation at the end of March, the equity markets had begun to exhibit a higher level of volatility. This seems to occur more often than not around this time period each year. This heightened volatility was to the downside and I wrote a post before leaving town noting…
Gold prices rose $15.28 an ounce on Monday as the U.S. dollar and equities weakened after China imposed tariffs on a range of U.S. goods. In economic news, the Institute for Supply Management (ISM) reported that its index of manufacturing activity fell to 59.3 from 60.8 a month earlier. XAU/USD extended its gains after the…
Median household income in the U.S. rose to an estimated $59,055 in January 2018, which is up by a rounded 0.3% from our January 2018 estimate of $59,055. The following chart shows our estimates for the trends for both nominal (red) and inflation-adjusted median household income (blue) from January 2000 through February 2018. In nominal terms, which…
Tuesday’s stock picks: Long TD Ameritrade (AMTD) Long Methanex (MEOH) Short PayPal Holdings (PYPL)
