Market CommentaryMore Market Commentary
NVIDIA is one of the best performing stocks in 2016 and there seems no letting up. After a couple of stellar earnings reports in February and May this company has defied the odds and any market selloff to lift to levels not seen in years. The impressive run has been on very strong turnover, what we like to see when a stock shows tremendous power. We can see from the lower pane the momentum continues with this stock.
The MACD is still on a buy signal but what is amazing is the relative stre...
Wheat recovered nicely Friday , and Monday posting solid gains amid poor harvest results so far in France and parts of the European Union. However a turnaround Tuesday buoyed by hopes of record Russian Production in the post Soviet era halted the two session rally as once again both Chicago and K.C. futures couldn’t hold any rally much less the 4.50 level. The situation is worth following as non commercial and non reportable funds entered this week short over 100K Chicago wheat contracts. Th...Read More
Crude oil has been sliding since the early July breach of 45.83, an important support now turned resistance. It’s now fallen below the next critical support at 43.03, which is likely to usher in a persistent move to the downside.
The break below 45.83 shifted the bias to bearish but with established support at 43.03 – 44.79 there was no meaningful downside progress initially. Now that this zone of support has ...Read More
For Tuesday, the 42.92-43.10 region can absorb selling through August trade and above which a long-term buy signal remains in effect, expecting 49.36 within several weeks, higher into September trade. Upside today, 43.74 can contain initial strength, while pushing above 43.74 allows 44.75 intraday, able to contain session strength. Closing today above 44.75 indicates 46.01 within 1-2 days where the market can top out through the balance of the week, as well as representing the l...Read More
The entire gaming sector got a boost today due to a report from the ratings agency Fitch. Fitch Ratings forecasts solid revenue trends for casino-hotel properties on the Las Vegas Strip as non-gaming amenities continues to drive growth. Properties on the Las Vegas Strip now generate more than 60% of their profit from non-gaming amenities. Fitch says the trend supports the view that Strip resorts are real estate investments and should trade with REIT-like multiples. They are also seen as mor...Read More
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Retail is contracting, GDP is manipulated, and the United States no longer has any manufacturing. Central bankers are doing everything they can to convince the world that this economy is doing well and that “there’s no problem.”
However, every European economy is trending downward. The UK is heading for a recession. The British GDP contracted by .4% in the third quarter, the manufacturing PMI tumbled from 52.1 to 49.1, and the service PMI fell from 52.3 to 47.4, its lowest point in 88 months....Read More
A couple weeks back I introduced a partial list of market talk phrases to avoid when focusing on markets. Today we have more to consider. Always remember the reward is from your own effort and ability to make tough decisions in challenging times. Rely on your own instincts and use sound judgment.
‘There is little risk in markets’ – Just when it seems markets are going to lose gravity and go higher than anyone expects, reality bites. Markets have risk and if we are willing to take it then we h...Read More
Before investing in a stock, it is important to do your homework. There are so many choices and variables to consider and it is easy to become overwhelmed and make mistakes. While there isn’t a perfect recipe for success, having a guide to follow and knowing the right questions to ask before handing over your hard earned money, will help you to make well-informed choices. It will also greatly increase your chance of making the right investment.
Below is a list of twelve questions you should b...Read More
‘’One important key to success is self-confidence. An important key to self-confidence is preparation’’--Arthur Ashe
There are no doubt that most of us traders and investors are still finding it difficult to deal with the pressure of the market. Especially when you are a Day-trader- there is always an urgent need for you to make quick decisions.
Still on the market pressure, do you think you can make that right decisions with a fearful mind? No. But rather, you could make a better decision if...Read More
A little and a little, collected together, becomes a great deal; the heap in the barn consists of single grains, and drop and drop make the inundation.
Towards the end of last year, we published an article titled Americans favour coffee to stock market investing where we demonstrated that an overwhelming majority drink coffee as opposed to investing in the stock market’ 61% of Americans drink coffee on a daily basis as opposed to the 48% that invest in the market. On aannual basis, A...Read More