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Market Commentary

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Long Term Damage - The Energy Report 05/24/16

Oil prices are struggling on short term fundamentals but we continue to get a disturbing outlook for our long term energy future. Weakness enveloped crude oil driving it down for the fourth day in a row on reports of oil disruptions getting back on line, yet a report from Rystad Energy says that global oil discoveries fell to the lowest level in 63 years as oil companies slashed spending on oil exploration by the most in history.

According to a report by Rystad Energy as reported by Bloomberg...

May 24, 2016
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How to Protect Yourself in Range Bound Markets

If you watch the emini like I do every day then you’ve seen the lack of volatility the past few trading sessions. Yesterday’s trading range was 8.75 points wide not a lot of opportunity for directional day traders. However I’m a firm believer that sometimes the best trade is no trade at all.

Yesterday was the perfect example of lack of trading opportunities. The ES had absolutely no direction bulls weren’t in control of trend neither were the bears. This was a complete example of the market b...

May 24, 2016
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The US Housing Market, Brexit, And The Market Goes Up

The Fed is silent, not a peep from China, and oil is quietly waiting for the US inventory report to arrive. So what gives? Why is the market popping big today?

- New U.S. single-family home sales surged to a more than eight-year high in April and prices hit a record high.

- The usually strong spring housing market could be far stronger this year, if only there were more homes for sale. The number of listings continues to drop, as demand outstrips supply.

Combined, the above sends a powerful m...

May 24, 2016
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Stock Watch: Cameco Corp Is A Buy

Cameco Corp. is a major player in the current and projected uranium supply/mining world. 

The Trade

It's currently in a "buy zone" but has broken its first strong support at $13.63. 

Next level is $9.76. A break below that could cause

CCJ to drop into the $5-$3 range.

Bottom Line

A good "buy low / sell high candidate" for my longer term traders interested in fundamentally strong metal companies. 

CCJ_pic.jpg

 

 

May 24, 2016
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US Foods’ (USFD) IPO: Fine Dining or Junk Food?

In what shapes up to be perhaps the busiest week for the IPO market in 2016, with as many as seven deals pricing, there is one that stands out due to the size of the offering. That IPO is US Foods , which is expected to raise about $1.0 billion in gross proceeds, should its 44.4 million share IPO price in line with the $21-$24 projected price range. That would put it second only to MGM Growth Properties this year, which generated $1.05 billion in proceeds on April 19.

USFD’s IPO, led by tier...

May 24, 2016
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Featured Stories

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Trading Psychology: Align With The Energy Of The Markets

The recent sidelining of the markets, followed by the final break down yesterday has tested many trader. If you were long you probably lost money if you were short you probably lost money.

I know, it still seems like a paradox to many traders: Understanding the nature of life is the most important thing you can do to align with the markets’ energy.

Understanding and tuning into the rhythm of life is an essential skill that every trader and every investor must learn if they want to be consiste...

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Don' Get Trapped in your Investment-Pay Attention to Liquidity

Liquidity is more important than just a bid/ask spread… 

As Howard Marks explains:

It’s often a mistake to say a particular asset is either liquid or illiquid. Usually an asset isn’t “liquid” or “illiquid” by its nature. Liquidity is ephemeral: it can come and go. An asset’s liquidity can increase or decrease with what’s going on in the market. One day it can be easy to sell, and the next day hard. Or one day it can be easy to sell but hard to buy, and the next day easy to buy but hard to sel...

May 23, 2016
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Cut The Noise And Focus On Apple’s True Drivers

Narratives are fundamental to the way we process information. Our minds instinctively search for patterns within everything. These patterns are what help us create stories to better understand the world around us.

This becomes very useful when it comes to investing. For example, how do you explain the gold rally this year? The gold narrative revolves around the loss of faith in central banks. Investors stopped believing in their ability to support the system and turned to gold for safety.

Wit...

May 20, 2016
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Trading Psychology: Are You Trading for Profit Or Excitement?

There is a general perception among the non-trading public that trading is a very exciting occupation, and that there is a high reward waiting for you if you know how to do it correctly.

By high reward, I mean making “a killing”, buying a sports car and a yacht, building a mansion, having a private butler, and so on.

Unfortunately, this vision is very far from reality!

The fact of the matter is that trading and investing is not exciting, and it shouldn’t be especially if you want to actually ...

May 19, 2016
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Sometimes The Best Move Is To Sit Still

Michelangelo once said, “genius is infinite patience.”

The best traders understand this truth on many levels.

Markets are dominated by periods of time where there is “nothing to do.” There’s no clarity, just a bunch of noise.

It’s during these times when amateur traders get overly active. They think just because they can make a trade, that they should make a trade. But in reality, there is usually no trade to be made.

Infinite patience becomes key in these scenarios. A trader must have the di...

May 17, 2016
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