China’s four-week-long stock market rout wiped out nearly 30% off the Shanghai Composite Index since its highs of June. To stem those losses the Chinese government has formulated an interesting hypothesis: stocks won’t go down if you ban sell orders. Working off this proposition Beijing has ordered shareholders with more than a 5% interest to…
Halliburton Company (HAL), and Hasbro released their latest earnings reports before opening bell this morning. Halliburton posted adjusted earnings of 44 cents per share and revenue of $5.92 billion. Analysts had been expecting earnings of 29 cents per share and revenue of $5.8 billion. In the same quarter last year, adjusted earnings were 44 cents per share,…
CLICK ON CHART TO ENLARGE Over the past month, the grains have done really well. Of the Top 10 assets to own the past month, the grains dominate this category! Below looks that the patterns of Wheat, Corn, Soybeans and Grain ETF JJG CLICK ON CHART TO ENLARGE The strong rally in the grain complex…
With a possible end (more or less) to the Greek debt crisis taking shape last week, investors were once again confident enough to get back to their buying ways. When it was all said and done, the market gained about 2.4%, crawling back above some key resistance levels in the process. And yet, stocks didn’t quite…
GBP/USD Signals Update Last Thursday’s signals expired without being triggered. Today’s GBP/USD Signals Risk 0.75% per trade. Trades must be taken between 8am and 5pm London time today only. Short Trade 1 Go short following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.5673. Put the stop loss…
As Wall Street is well into the new earnings season, analysts and investors alike are anticipating quarterly results from their favorite companies. What should investors look for in Qualcomm, Inc. (NASDAQ:QCOM) and American Airlines Group Inc (NASDAQ:AAL)? Qualcomm, Inc. Qualcomm is set to announce its third fiscal quarter 2015 earnings results on Wednesday, July 22 after market close. Wall Street…
There has now been a clear trigger of a bearish descending triangle formation in Gold (XAU/USD), as can be seen in the monthly chart below. Initially, there was a false breakout last November (dropped below $1,180.20), and another test of support of the pattern in March of this year. Each time Gold managed to rally…
The New York Stock Exchange publishes end-of-month data for margin debt on the NYXdata website, where we can also find historical data back to 1959. Let’s examine the numbers and study the relationship between margin debt and the market, using the S&P 500 as the surrogate for the latter. The first chart shows the two series…
A popular view these days is that the euro is a failed experiment because economically and/or politically disparate countries cannot share a currency without eventually bringing on a major crisis. Another way of expressing this conventional wisdom is: a monetary union (a common currency) cannot work without a fiscal union (a common government). This is unadulterated…
