The US dollar is sporting a softer profile against most of the major and emerging market currencies to start the new week. It already seemed to be tiring in the second half of last week. With today’s mild losses, Dollar Index is off for a fourth consecutive session, the longest losing streak in over a month….
Intraday over seven sessions, SPY rallied 5.4 percent. If not an outright reversal, at least a breather is the path of least resistance near term, creating an opportunity to earn a premium in options. The 1Q18 earnings season is nearly over. As of last Thursday, 91 percent of S&P 500 companies reported results. They…
Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success. This week the portfolio I’m building (my Safari To Sweet Success…
Background Huaneng Renewables Corporation Limited (HNR) is a subsidiary of China Huaneng Group, China’s largest electric power producer, and is the largest producer of wind power in the country by revenue. It sells wind power directly to the grid operators, as well as in the market. It also sells solar power. Business Description HNR is…
Gold ended the week up $2.95 at $1317.93 an ounce, snapping a three-week losing streak, as a downside correction in the U.S. dollar index triggered some short-side profit taking. The dollar retreated after a tame U.S. inflation report bolstered views that the Federal Reserve may not have to be so aggressive on raising interest rates….
During March and April, a number of articles appeared at precious-metals-focused websites describing the silver market’s Commitments of Traders (COT) situation as extremely bullish. However, this unequivocally bullish interpretation overlooked aspects of the COT data that were bearish for silver. Taking all aspects of the data into consideration, my interpretation at the time (as presented…
As of the end of the second week of May 2018, the S&P 500 (Index: SPX) rose to reach its highest point in the second quarter of 2018, but at the index’ closing value of 2,727.12 on Friday, 11 May 2018, is still 145 points below the peak value of 2,872.87 that it reached on Friday,…
GBP/USD 4 hour The GBP/USD is building a consolidation pattern after a strong bearish impulse. A bearish breakout could indicate a downtrend continuation within wave 5 (purple) towards the Fibonacci targets whereas a bullish breakout could confirm the completion of wave 5 of wave 1 (pink) at the most recent low. A bullish reversal would…
WTI Crude Oil The WTI Crude Oil market fell significantly on Friday. The $70 level underneath should end up being support, as it was previous resistance. There’s also a hammer there that has formed previously. I think that ultimately, the market should continue to go much higher. I think that the $67 level is essentially…
Ever since the economy started weakening in 2007 all the way until the Fed’s first hike of this cycle in late 2014, the Fed’s main concern has been boosting economic growth and improving employment. There has been mediocre success on the growth front, primarily a function of demographics, but luckily the fiscal policy stimulus through…
