There is also the U.S. Producer Price Index Friday, and a heavy calendar of overseas data that could influence markets. Chinese consumer and producer inflation data is released Tuesday, and retail sales and industrial production is Thursday. German industrial production is reported Monday, and euro zone GDP is Tuesday.Markets are also watching the volatile bond market where yields ripped higher […]
Benchmarks gained over 1% yesterday on weaker dollar and drop in bond yields. Thursday’s gains were broad based with the S&P 500 closing at an all-time record high and 9 out of 10 sectors of the index ending in positive territory. Economic data was mixed, giving no clear indication to investors on the timing of first rate hike.For a look […]
Stock Trading Alert: More Uncertainty As Stocks Go Sideways – Will Uptrend Continue?By: Paul Rejczak | Thu, May 14, 2015SharePrintEmailStock Trading Alert originally published on May 14, 2015, 6:18 AM:Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,140, and profit target at 1,980, S&P 500 index)Our intraday outlook is bearish, and our short-term outlook is bearish:Intraday […]
Strengthening U.S. dollar and a slump in oil prices dragged benchmarks lower on Friday. US crude prices dropped to their lowest levels since Jan 28. Meanwhile, declines in producer prices and consumer confidence added to the bearish sentiment. Benchmarks also posted losses for the third straight week, mostly spooked by sooner-than-expected rate hike fears.For a look at the issues currently […]
Stock Trading Alert: Negative Expectations Following Swiss National Bank Decision To Unpeg Its CurrencyBy: Paul Rejczak | Thu, Jan 15, 2015SharePrintEmailStock Trading Alert originally published on January 15, 2015, 6:10 AM:Briefly: In our opinion, no speculative positions are justified.Our intraday outlook remains neutral, and our short-term outlook is neutral:Intraday (next 24 hours) outlook: neutralShort-term (next 1-2 weeks) outlook: neutralMedium-term (next […]
Podcast: Play in new window | DownloadEpisode 49: The least downloaded of the 10 wealth building principles is: #9 Be a Giver. No surprise, which also explains why so many people don’t have wealth. To quote Earl Nightingale: To become rich, you must first enrich others. Truer words were never spoken.When I first wrote the ninth wealth building principle, I […]
Stock Market RisingStock-Markets / Stock Markets 2014Jul 09, 2014 – 04:48 PM GMTBy: Anthony_CherniawskiGood Morning!Considering that the FOMC minutes are being released at 2:00 pm today, it would normally follow that equities may stay elevated until then.There are three waves in the decline so far. If the SPX has a limited bounce and declines at least to mid-Cycle support at […]
Oramed Pharmaceuticals, Inc. (NASDAQ:ORMP) made a new 52-week high of $16.38 today on traded volume of 1.02 million shares. The development-stage pharmaceutical company recently announced positive results from a clinical trial of its oral insulin capsule in type 1 diabetes patients. ORMP shares are trading in the range of $11.38 to $16.38 in the current trading session. The company has […]
“So the Fed kept filling up the punch bowl and instead of going into inflation of goods prices, it went into an inflation of asset prices. That’s inflation in the same way, but it’s not called inflation. So if the stock market goes up and doubles, we don’t say, ‘Oh, my God—there’s been inflation!’ Or, if housing prices double, we […]
