The Australian dollar enjoyed a positive inflation read among other reasons, and advanced. What do the charts tell us? Here is their view, courtesy of eFXnews: Trend: The recent bounce completed a bullish weekly reversal pattern last week that implies exhaustion in the downtrend
January 28, 2016
The rapid swings by so many formerly hot stocks (and even some cooler ones) has nothing to do with scatterbrained rotation as pundits claim; nor the Davos statements; nor what a beleaguered Fed said to defend their positions. The primary
Let’s see we were higher last Friday by Dow 200 points, Monday down 200 points, Tuesday up 200 points, Wednesday down 200 points and Thursday up over 100 points. Is that a victory for bulls? Hardly. Volatility is especially high to which you’d logically respond— “no kidding!”
Amgen Inc. (AMGN – Analyst Report) just released their fourth quarter fiscal 2015 earnings results, posting earnings of $2.61 and revenue of $5.54 billion. Currently, AMGN has a Zacks Rank #3 (Hold), but it is subject to change following the release of the
Rumors persisted about Iran, Russia or OPEC close to declaring productions cuts, so that has to factor at least into sentiment about oil trading. However, with rumors being denied, the physical universe of crude oil especially in the US has
The fast money and robo-machines keep trying to ignite stock rallies, but they all fizzle because bad karma is beginning to infect the casino. That is, apprehension is growing among whatever adults are left on Wall Street that 84 months of ZIRP and
There are a number of great companies in the market today. By using the ModernGraham Valuation Model, I’ve selected five undervalued companies with a low beta reviewed by ModernGraham. A company’s beta indicates the correlation at which its price moves in
Although AUDUSD remains biased to the upside on correction, it continues to retain its broader medium term bias below the 0.7096 zone. Unless that is decisively taken our, the pair faces downside pressure. On the downside, support resides at the
As I write this post the majority of stocks in the Barchart data base are still trading under their 20, 50 and 100 day moving averages. The percentage of those trading above: 28.83% – above the 20 DMA 15.89% –
For all the traders and hedge fund managers who are under 30, Amazon (AMZN) has been here before, and not just once: a place where the company’s growth prospects – perceived as virtually boundless – were put into question, leading
