There wasn’t a whole lot to Friday’s action but two indices which were struggling a little did benefit. The Semiconductor Index gained 1% as it bounced strongly off the bullish ‘morning star’. The consolidation triangle looks to be shifting to
September 16, 2018
Would you pay an 11 PE for Tesla stock? Why not, right? Ford and GM trade at low multiples. But Tesla’s about to have blowout earnings growth starting in Q3 as per their guidance. We’re at about $27.00 in earnings
The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits.
FUNDAMENTAL FORECAST FOR CNH: Bearish CHINESE YUAN TALKING POINTS: China seek to retaliate US through sanctions, amid resumed trade talks yet with uncertainties. Weak Fixed Assets Investment reveals concerns on the effectiveness of China’s fiscal policy. China’s Premier Li will
Once again, extreme market breadth levels, coupled with a CIT date proved to be a powerful mix resulting in a 40+ point SPX swing. That wasn’t enough, however, to propel the index to new highs, and the SPX stalled at
After Trump reached out to China offering trade talks, he then gave the go-ahead for more tariffs. China may back out. On September 13, the Trump administration reached out to China with an offer for more trade talks. The WSJ
Shares of Owens-Illinois (OI) rallied during the Friday session after Atlantic Investment Management sent a letter to the company’s board urging it to sell its European business and use the proceeds to repurchase shares and pay down debt. WHAT’S NEW:
USD/CAD The US dollar has been chomping around against the Canadian dollar for some time now, but it does look like we are trying to hold the 1.30 level as support. Beyond that, you could start to make an argument
EM FX ended mixed in Friday, capping off an up and down week. RUB and TRY initially firmed on their respective rate hikes but gave back some of those gains heading into the weekend. Trade tensions are likely to remain
