Market Summary News of China’s further devaluation of the Yuan upon evidence of continued economic weakness sent U.S. stock prices falling during the first hour of trading. However, the bulls made quick mincemeat of the bears and gored them into submission by pushing stocks into positive territory. Other asset classes which distinguished themselves were Gold…
The “one-off” adjustment has now reached its 3rd day as The PBOC has now devalued the Yuan fix by 4.65% back to July 2011 lows. The PBOC seeks to reassure… *CHINA PBOC SAYS YUAN REMAINS STRONG CURRENCY IN LONG-TERM *PBOC SAYS THERE IS DEMAND FOR DEVALUATION OF YUAN VS USD *PBOC CHANGE OF YUAN MECHANISM…
Podcast: Play in new window | Play in new window (Duration: 13:15 — 6.1MB) DOW – 0.33 = 17,402 SPX + 1 = 2086 NAS + 7 = 5044 10 YR YLD – .01 = 2.13% OIL + .23 = 43.31 GOLD + 16.80 = 1126.80 SILV + .18 = 15.64 Strange days indeed. While…
by Michael Clark I hesitate to use the phrase “Maginot Line“. For those of you too young to remember the Maginot Line, it was the impenetrable line of defense separating Germany and France, which provided peace for France, so the French thought anyway, until Hitler’s panzer blitzkreig shattered that illusion. So I am suggesting that…
The Chart of the Day belongs to Inogen (Nasdaq:INGN). I found the medical technology stock by using Barchart to sort today’s All Time High list first for the highest Weighted Alpha then for stocks with technical bu signals of 80% or better. Next I used the Flipchart feature to review the charts. Since the Trend…
Retail Sales Without a doubt, the most important announcement coming out during the session will be Retail Sales in the United States. With this, the market will be focusing on the United States and perhaps the United States dollar. With this, it could move most of the markets in general. S&P 500 approaching support zone…
Though I have been very intolerant with the gold mining sector in seeing our way through its bear market, two items that have been in bull markets since 2013 (KDX a significant one, and KGI a weak one, both including in USD terms) have been held firmly among a small group (with sector shorting as…
“Don’t bother. The professionals are better than you and they know something you don’t.” Really? There’s some truth to that, but there’s plenty of lies mixed in that short statement too. And it’s easy to dismiss yourself or come up with excuses for why you can’t do it. Here are five to get things started….
News Corp. (NWS – Snapshot Report) (NWSA – Analyst Report) is the New York City headquartered conglomerate helmed by Executive Chairman, and avid newspaper collector, Rupert Murdoch, and distributes a diversified selection of media, news, education, and other information services. The company is most recognized products are The Wall Street Journal, the New York Post,…
