I was very surprised by the strength exhibited in the mining shares today given the extreme weakness that was initially seen in both gold and especially in silver. At one point today, silver had fallen all the way back into
May 19, 2016
In this article, we look at 4 charts which suggest investment opportunities ahead, at least for investors with an open mind. We would say that these opportunities are contrarian in nature, according to sentiment towards each of these markets. First, US stocks
ST. LOUIS, May 19, 2016 (GLOBE NEWSWIRE) — Panera Bread Company (Nasdaq: PNRA) announced today that its Board of Directors has approved a new three-year share repurchase program of up to $600 million. This new program will replace the existing program,
Wal-Mart Stores, Inc. (WMT – Analyst Report) reported its fiscal first-quarter results Thursday morning, effectively capping off what has been a busy earnings season in the retail sector. While Wal-Mart and online giant Amazon.com, Inc. (AMZN –Analyst Report) have shown strength, their competitors seem to be
GBPUSD: The pair continues to retain its bull pressure but with caution ahead of its key resistance at 1.4769 level. If it fails to build up on its recent strength we could see it head lower. On the downside, support
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 91 = 17,435 SPX – 7 = 2040 NAS – 26 = 4712 10 Y – .03 = 1.85% OIL – .03 = 48.16 GOLD – 3.50 =
Interesting that both the Nikkei and Shanghai closed almost unchanged following a similar trading pattern today but the Hang Seng really could not even attempt break-even, closing down 0.6% on the day. The JPY closed above the bullish reversal but
Market Condition Analysis The breakdown in equities across the board continues as almost all of the ETFs in our capital markets summary universe are trading below their 50-day moving averages and violating support at the 200-day moving averages as well.
The technical trajectory has supported our view for several weeks regarding probabilities of ‘front-selling’ in April; erosion in May; and likely not surviving this month without a notable decline in the S&P. Meanwhile the S&P ‘swoon’ really is a ‘catch-down’
At times like these when it seems as if the world has been so simplified, it is useful to remind yourself that it is dangerous to think it will remain that way. That is the path that leads to orthodox economics
