Market CommentaryMore Market Commentary
The world's largest oilfield services company didn't go unfazed by the pullback in energy prices on July 1st and some analysts don't see them hitting earnings targets for 2015 or 2016. On June 29th, Credit Suisse lowered their 2015 EPS estimates on Schlumberger to $3.50 from $3.90 and $3.51 from $3.88 for 2016. Using their 2016 target, the stock trades at a rich 24.02x earnings even after the latest pullback. SLB currently trades at a price to sales ratio of 2.30x and a price to book ratio o...Read More
Given that the Nasdaq has been in “gap-hunt mode” for more than a month, the closest gap is the proximal target. That gap zone is indicated on the chart with a purple rectangle and lies between 4451 and 4459.
Above that level the market has a High Volume Node at 4480, indicated by the blue dotted line. That level should cap a moderate rally.
The real risk is to the downside once the upside gap is filled. There is little volume support below us down to the lower gap at 4206. If that level co...Read More
The Greek debt crisis will have another installment this weekend, as the government urges the citizens to vote No to the eurozone austerity measures. But the US markets seem to have decided that it really doesn’t matter all that much.
The S&P500 mini-futures bounced up nicely after the Greek prime minister offered a fig-leaf to the creditors . The minis closed at 2071.50, up 17 points from the previous close, and near the high of the day.
The ES was seriously oversold, and a bounce of some k...Read More
Unless you have had your head in the sand over the past week, thanks to the media, Greece is all we have been hearing about lately, from morning to night.
This has been in the making over the past 5 years and yet no real solution seems to be in sight, which is quite sad for the country as well as for the dream of a unified Europe.
Back in 2010, the problematic PIIGS were all the talk, now it’s mostly centred on just Greece as the others have taken on the austerity pill by cutting back govern...Read More
What a long strange trip it’s been for the crisis in Greece. If you think maybe you had one of those flashes, we’ve been here before, you are right. The EU has been dealing with the problems of Greek debt since 2010. The decisions by the EU and Greece over the past five years have generally resembled kick the can; we’ll deal with that later. It’s time for payments to be made and Greece can’t do it. The EU isn’t budging and it looks like the eyes of the world will be on the Greek referendum...Read More
Featured StoriesMore Featured Stories
Regular visualization is proven to improve performance by up to 10%. Professional athletes use it to improve performance, yet traders are for the most part unaware how this tool could have a positive impact on their trading results:
At the beginning of this year I started working with a group of professional traders to help them improve their trading performance. The group was given a novel form of meditation which I developed with the aim to help them get out of their linear minds into a mo...Read More
It’s worth reminding ourselves that every trader is responsible for their trading actions and behavior. How we behave or act when trading will largely determine our trading success. Here are 3 common day trading problems related to how traders act. Left untamed, they will lead to failure. All are within the control of the trader and can, therefore, be corrected.
Problem Behavior #1: Trading Without a Game Plan
Traders coming into the trading day without a game plan put themselves in a pre...Read More
Live Cattle Numbers tend to Taper off as Summer Wears On. Here is How Investors can Capitalize
While you’re tossing those steaks and burgers on the grill, you might want to consider how that meat can not only feed your picnic dwellers, but potentially put money in your pocket.
Like most commodities, the cattle market has longer term fundamental and cyclical factors that if recognized, can often be used to the advantage of the patient investor. These are the kinds of markets favored in our manag...
So far, 2015 has been fairly light on high-buzz, high-growth tech-related IPOs, but that figures to change this week with Fitbit's 29.9 million share IPO. As of this writing, the deal is expected to price within a range of $14-$16, but, given the buzz -- and it's very impressive growth rates -- it wouldn't be a surprise if the price range was lifted before it launches on Thursday, June 18.
With the company offering nearly 30 million shares, the float is on the larger side, especially relativ...Read More
The great thing about trading options is there are no limits to the number of strategies, or degrees of risk and reward. Depending on how an option strategy is structured, it can be a simple lottery ticket , a limited risk range trade, a premium collection effort, or a “free” trade in which the trader accepts theoretically unlimited risk for the prospects of a directional bias without any cash outlay. In this article, we’ll focus on the latter.
FREE Option Trades!
People love the idea of f...Read More