Black Gold Loses Glitter

The stunning 40% drop in the price of oil over the past few months has scrambled global economic forecasts, changed the geo-political landscape, and has severely pressured many energy sector investments. Economists are scratching their heads to determine if the drop is good or bad for the economy or whether cheap oil will add to…

December 2014 Empire State Survey In Contraction For The First Ti

The Empire State Manufacturing Survey fell significantly (14 points), and entered contraction for the first time in nearly two years. Key internals were also in contraction. Expectations were for a reading between 9.0 and 15.0 (consensus 12.0) versus the -3.6 reported. Any value above zero shows expansion for the New York area manufacturers. New orders…

Altera – NASDAQ 100 Favorite

Today I used Barchart to sort the NASDAQ 100 stocks to find the one with the most frequent new high in the last month and NASDAQ 100 (NASDAQ:ALTR) a semiconductor stock was at the top of the list: Barchart technical indicators: 48% Barchart technical buy signals Trend Spotter buy signal – up 4.95 since the 11/5 buy signal Above…

Low Liquidity Alert

For anyone trying to trade today, this post is moot. For everyone else, when less than 1K ES contracts take out not 1, not 2, not 3 but 4 levels of order book depth… Then one better pray that Waddell and Reed does not sneeze, and certainly not sell (or, gasp, short) anything in size or…

Baidu Rising As It Invests In Uber

Internet sensation Baidu Inc. (ADR) (NASDAQ:BIDU) is taking a keen interest in taxi-hailing app Uber. The Chinese giant has reportedly made over a $600 million investment in Uber, with full details set to be made public at an upcoming press conference on December 17th. Its investment in Uber will help Baidu increase its market penetration…