Another Capitulation … Early on Monday in Asian trading, someone (or something, like a trading algorithm) sold quite a bit of gold in the futures market. Apparently the sale was so overwhelming that circuit breakers were triggered twice. Someone seems to have developed an odd predilection for selling a lot of gold futures at precisely those times…
The Euro is up 1.3% – the biggest jump in 6 weeks – as the US Dollar is weakening against all the majors (except cable). The USD Index is down almost 1%, its biggest drop in 7 weeks… Between weaker economic data (delaying hike or breaking narrative of recovery), BoJ inflation outlook, and Kuroda’s comments…
This is one of the most popular questions I get; “How should I trade Apple (NASDAQ: AAPL) during earnings?” So, how I read this is, how do I trade AAPL leading up to, and post earnings? What should my strategy be based on the earnings outcome? What are the historic results post earnings should Apple…
Harley-Davidson, Inc. (HOG – Analyst Report) reported an 11.1% year-over-year decline in earnings to $1.44 per share in the second quarter of 2015 from $1.62 recorded in the year-ago quarter. However, earnings beat the Zacks Consensus Estimate of $1.39. The year-over-year fall was due to lower motorcycle shipments, which was a conscious decision by the company to keep…
This is where the Fiat Paper and the Physical Market clash and the manipulation of Gold stops working…and the price of Gold explodes upward. The biggest fear a shorter has, is that physical demand will cause a mismatch and there won’t be enough physical to sell. The COMEX only has $500 mio registered gold available for delivery….impossible…
Last week, while on vacation, I discussed the reflex bounce from critical market support levels as the headlines blared that “Greece was saved” and “China rescued their markets.” To wit: “However, as has been the hallmark of the financial markets, Central Banks, and Government officials “raced to the rescue” to ensure a continuation of “market stability.” In the case of China, a swift intervention of…
I firmly believe we are going to see a surge in the VIX to the mid-20s. Until then, I am shorting, and shorting, and then shorting some more. If and when we reach the happy day when something resembling the chart below is realized, I shall finally cover.
There are a number of great companies in the market today. By using the ModernGraham Valuation Model, I’ve selected the five undervalued companies for value investors reviewed by ModernGraham with the highest beta. A company’s beta indicates the correlation at which its price moves in relation to the market. A beta greater than 1 indicates a…
A Possible Economic Red Alert We have already remarked on the growing divergence between the Dow Jones Transportation Average (TRAN) and the Dow Jones Industrials Average (DIA) on previous occasions. These two stock averages marked the beginning of technical analysis as we know it today. Charles Dow compared the action in the averages over the…
