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Market Commentary

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Lock In Profit On Short Euro Trade

Yesterday, the euro rallied on both short covering on bearish euro bets and a strong German IFO Business climate reading.  The IFO survey for July printed a 108.0 reading, better than the 107.6 forecast.  If data continues to improve from Europe’s largest economy, we could see the euro continue to tentatively higher.   

WWM_EURUSD_JULY_27_2015.jpg

Price action on the EUR/USD daily chart shows the double-top pattern that formed in the middle of June has triggered a major slide that finally found support last week with t...

Jul 28, 2015
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Get Ready: Tesla Approaching Buy Zone

Tesla is a stock people either love or hate. It’s curious that opinions are so polarized. In part, it may reflect key differences in the way people regard the theme of change. Some are for it, others favor the status quo. Since Elon Musk’s raison d’etre is to be an agent of global change, he and his company seem to elicit a visceral response from just about everyone.

 

Consider that Tesla is changing not only the way cars are built, but also the way they are sold. This weekend the company wi...

Jul 28, 2015
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Blood On Wall Street: Chinese Crash Impacts US

The S&P500 mini-futures continued to swoon Monday after the Chinese stock market took another knockout punch from panicky investors, many of whom are using borrowed money to bet that the central government will not allow the stock market to sink.

The Shanghai composite index rose 68% from February to June; it has since given back about 70% of that increase, and now stands about 20% higher than it was at the start of the year.

A 20% gain is worth having, but Chinese investors may not have it ...

Jul 28, 2015
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Selling Has Been Fast And Furious In Metals

Hi traders from all over the world! How are you doing? I hope you are ready for a most exceptional and exciting week ahead.

 

I want to give you a quick overview and glance at METALS this week to give you an idea of what I’m thinking.

 

I am bearish on Silver and Gold for the next few weeks actually. There has been some serious selling in both the SLV and GLD ETFs.  The selling has been pretty fast and furious even though many envision a beautiful and bright future on metals.

 

I do agree tha...

Jul 27, 2015
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Attention: Gold Is Ripe For A Reversal

We began discussing the growing imbalance in the gold market here, two weeks ago in, “ Gold Alert: Big Spec Short Position Seen.” The expectation in a situation like this is for a sharp market reversal higher. This would punish the newly short small speculators and prove the commercial traders correct in their assumption that gold has fallen below its fair value on the open market. Clearly, the Chinese selling of a reported 33 metric tons of gold worth approximately $1.3 Billion Dollars threw...

Jul 27, 2015
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Featured Stories

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Central Bankers Recreating Reality

A hallucination is a fact, not an error; what is erroneous is a judgment based upon it.

Bertrand Russell

We will at some point in time publish a full in depth article in terms of how Central bankers have been actively employing psychological strategies to deceive the masses for generations. In essence, central bankers have been recreating reality, and the sad part is that the masses now assume that this altered reality is the new norm.  We are going to illustrate this by highlighting excerpts...

Jul 28, 2015
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Profit From “Hidden” Fundamentals Of Crude Oil

 

By: James Cordier, Michael Gross

 

An outsider watching the prices of crude oil shift up or down may think this is some sort of random event.

“Who is causing this?” gas buyers and clueless politicians often demand, as though an evil oil company executive is sitting in a room throwing a lever to turn the supply on or off.

As an investor willing to do a little homework, however, you’ll find projecting price ranges for oil is a little less populist rhetoric and little more science and common s...

Jul 28, 2015
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How To Develop True Trading Confidence

Brett found trading confidence elusive.  "If only I was more confident, I'd be a better trader," Brett explained.  What might cultivate more confidence?  "Making more winning trades, of course."  Sorry, that’s the wrong answer.

The Source of True Trading Confidence

Trading confidence doesn’t come from the number of winning trades, how much money was won, or other ‘statistical’ measures.  True trading confidence comes from mastering the various skills needed to read the market and execute and ...

Jul 27, 2015
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IPOs: Watch This Healthy Pet Food Maker

Before the market opens on Wednesday, July 22, healthy pet product maker Blue Buffalo Pet Products’ 29.5 million share IPO is expected to price within a range of $16-$18. The lead underwriters on the deal are JP Morgan and Citigroup. BUFF’s IPO comes on the heels of another healthy pet food IPO, Freshpet , which went public on November 7, 2014. Taking a look back on how that IPO fared, its’ 10.4 million share IPO priced at $15, above the $12-$14 range, but then slid lower over the first few ...

Jul 21, 2015
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Tanger (SKT): A Bargain For Income Investors

 

Why Tanger Factory Outlet Centers Is a Bargain for Income Investors

With global interest rates still near record lows . In particular, income investors should consider Tanger Factory Outlet Centers due to: 1) the firm’s high dividend yields, 2) its ability to increase cash flows when inflation is rising, and 3) robust demand growth for quality outlet mall space. In general, I also like REITs because their legal structure allows management to deduct dividends from the firm’s taxable income...

Jul 17, 2015
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