Archive for Today – Dailies

Today

  • Do These Techs Have More ‘Wreck’ in Them?
    The $64,000 question for investors is whether “momentum stocks” like Amazon (AMZN), Facebook (FB), Google (GOOGL), Tesla (TSLA) and Yelp (YELP) have finished correcting or will take another leg down. I define “momentum stock” as one with high earnings and revenue growth rates as well as a recent big price move. Unfortunately, for many names […]
  • Technical Analysis for Precious Metals
    The metal is currently trading around Linear Regression Indicator 34 and below Linear Regression Indicator 55 which is negative, but the price has to confirm negativity by breaking the support and trade again below Linear Regression Indicator 34. In fact, the current trading arounf 50% correction at 1285.00 makes determening the next move risky, but if the price breaks below the bottom 1277.00 then the downside move might extend towards the support 1262.00 followed by 61.8% correction at 1260.00.

  • Technical Analysis for Energy Markets
    The price is trading between support 101.25 and the horizontal resistance 102.00, and as long as the price is below that resistance, our bearish expectations remains valid over intraday basis waiting to break 101.25 to confirm moving towards 100.00. SMA 50 and 100 supports the suggested downside mvoe, as breaching 102.00 stops the current negative pressure and pushes the price towards 105.20 levels again.

  • Bullion and Energy Market Commentary
    GOLD closed lower on Wednesday and the midrange close sets the stage for a steady to lower opening on Thursday. Stochastics and the RSI are bearish signalling that sideways to lower prices are possible nearterm. If it extends today’s decline, the reaction low crossing is the next downside target. Closes above the 10day moving average crossing would temper the nearterm bearish outlook.

  • GOLD – Vulnerable To The Downside With Caution
    GOLD: Although biased to the downside, its ability to hold above the 1,277.58 level is suggestive of an impending recovery. Support lies at the 1,277.58 level. A turn below here will shift focus to the 1,250.00 level followed by the 1,230.00 level. Its weekly RSI is bearish and pointing lower supporting this view. On the upside, resistance is seen at the 1,318.30 level where a violation will target the 1,331 level. Above here if seen will trigger further gains towards the 1,359.00 level followed by the 1,380.00 level. Further out, resistance comes in at the 1,400.00 level where a break will aim at the 1,420.00 level. All in all, GOLD remains biased to the downside in the short term

  • Putin Seizes Russia’s Facebook
    While Facebook’s quarterly earnings is in US headlines, Vladimir Putin is taking control of Russia’s top social network, VKontakte. His old KGB pals did the dirty work.

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Today

  • Gold Stocks Staying Close to Base (Except this One)
    Gold stocks are in the news this week as giant miners Newmont Mining (NEM) and Barrick Gold (ABX) reportedly try to negotiate a merger. I don’t know if those two companies will make a deal or not, but I see many gold stocks building bases that that could set them up for big gains soon. […]
  • Technical Analysis for Precious Metals
    Trading below 50% correction is negative, whereas stabilizing below 1285.00 might trigger further bearishness, but the metal has to achieve a bottom below 1277.00 to confirm this negative outlook. Stochastic is showing a negative bias, as Linear Regression Indicators are negative and RSI is moving within a downside move below line 50, all these catalysts makes the possibility of breaking the referred to level valid.

  • Technical Analysis for Energy Markets
    The price dropped sharply yesterday breaking 103.05 levels and touched the target at 102.00 and is currently stable around 101.50, as we see negative signals support extending the bearish bias in the upcoming period, while breaking 101.05 confirms extending bearishness towards 100.00. Generally, the downside move is expected today as long as the price is stable below 102.00, and breaking 101.05 represents a significant catalyst to extend the expected downside move.

  • Bullion and Energy Market Commentary
    GOLD closed lower on Tuesday and the midrange close sets the stage for a steady opening when Wednesday’s night session begins trading. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible nearterm. Closes above the reaction high crossing are needed to confirm that a shortterm low has been posted. If it renews the decline off last October’s high, the 62% retracement level of the 20082011 rally crossing is the next downside target.

  • This Apple Needs to Shine
    About a third of the S&P 500 reports earnings this week. They’re all important, but Apple is more important. its sheer size and the many questions about its future make this report critical for every investor’s portfolio.

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Today

  • Hedge With No Out-of-Pocket Expense
    If you read my column last week, How Stock Investors Can Hedge Against Severe Losses, you learned how to use put options to prevent devastating losses in your stock portfolio — without sacrificing all your upside potential. Today I’ll share another hedging technique. This one let you hedge all the downside risk in a stock […]
  • Technical Analysis for Precious Metals
    The metal dropped yesterday but failed to stabilize below 50% correction at 1285.00 showing on graph. AROON Indicator is showing a downside move, as RSI is trading below line 50 and Linear Regression Indicators are trading negatively.

  • Technical Analysis for Energy Markets
    The price is still fluctuating in a tight range affected by the financial markets in the past few days, as its still stable above 103.05 levels keeping the opportunities of achieving positive trading in the upcoming period which requires breaching 104.00 levels to confirm extending gains towards 105.20 over intraday basis. SMA 50 and 100 still supports the price from the downside, as breaching 103.05 pushes the price to trade negatively temporarily to test levels 102.00 before clearly determining the next move.

  • Bullion and Energy Market Commentary
    GOLD closed lower on Monday as it extended last week’s decline. The lowrange close sets the stage for a steady to lower opening when Tuesday’s night session begins trading. Stochastics and the RSI are neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends today’s decline, the 62% retracement level of the DecemberMarchrally crossing is the next downside target.

  • CRUDE OIL – Vulnerable To The Downside On Correction
    CRUDE OIL: With the commodity closing lower the past week, further downside pressure is envisaged. Despite its present price hesitation our immediate outlook on Crude Oil remains lower. On further weakness, support comes in at the 102.94 level where a breach will aim at the 102.04 level. A cut through here will target the 100.68 level with a push below here if seen exposing the 99.93 level. Further down, supports are seen at the 99.81 level and the 98.86 level where a breach will set the stage for a move towards the 98.00 level. Conversely, resistance comes in at the 104.98 level. A breach of here will pave the way for a run at the 105.21 level, its Feb 2014 high. Further out, resistance resides at the 106.00 level and then the 107.00 level. All in all, Crude Oil remains biased to the upside short term but faces corrective weakness risks

  • Rent or Buy Your Home? This Map Has the Answer
    Homeownership, the “American Dream,“ isn’t longer the standard choice for middle-class families any more. By choice or not, many are choosing to rent rather than own. Plus: NYT says U.S. has reached peak Golf.

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