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U.S. stocks staged a late rally yesterday and oil regained more than 2% as the market recovered from China uncertainty. Better than expected U.S. durable goods orders were also in focus as traders...
Europe is expected to open almost 2% higher on Thursday, boosted by a strong session in the U.S. on Wednesday and a positive session in China on the back of People’s Bank of China’s...
Daily BriefingCurrenciesEUR/USD: The pair fell from our identifed resistance of 1.1717-1.1785 (which was given on 25th) on a 4 hour time frame. The next resistance is at 1.1557 and the support is at...
Asian markets trading in a strong positive territory as investors are cheering the news from the People Bank of China. The PBOC is combating the uncertainty by turning on all of its cylinders. No...
Cautious Optimism ReignsStrong durable goods numbers out of the US and tempting valuations saw a phenomenal bounce in all US equities. This was particularly the case for high-beta growth stocks, so no...
The People’s Bank of China this week announced a raft of stimulus measures aimed at propping up a faltering economy. What were they and will this have any effect?Or will it merely kick the can...
Thursday is the busiest day this week for economic releases, including the monthly update on money supply data for the Eurozone. Later, two US updates will offer deeper insight into the strength of...
Durable goods orders this morning leapfrogged all economic estimatesYet the GDPNow Forecast only rose by .01%.The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the...
The global financial system is now getting out of control. While the clowns on the financial networks continue to regurgitate the same bullish propaganda, “that everything will be fine”,...
Today pretty much went as expected. Dramatically oversold conditions not seen in basically forever. A six-day down move that was historic in nature, and caused daily index-chart RSI's to get well...
A Little “Did You Know” From JP Morgan:On average the market experiences a -14.2% intra-year decline, but the market has still ended the year positive in 27 of the last 35 years. The point...
The Advance Report on Manufacturers’ Shipments, Inventories and Orders released yesterday gives us a first look at July's durable goods numbers.This update has more extensive data on factory...
I’ve had my fair share of horrible memories in life, but one that stands out as among the worst is September 1, 2010. I’ve mentioned this date before, as it was a searing, horrible...
VALUATION WATCH: Overvalued stocks now make up 32.07% of our stocks assigned a valuation and 9.61% of those equities are calculated to be overvalued by 20% or more. Two sectors are calculated to be...
I don’t usually drink on a Monday afternoons. But this week I made an exception. Once the market had closed, I snuck out of the office for a cold beer (a Shiner Bock, of course). And then I...