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    This Week In Stocks – Sunday, Sept. 23

    Our analysis for the coming week is for the S&P 500 (SPX) to trade in a choppy range, setting the stage to begin to roll over. The shifted cycle for the Russell 2000 will provide some downside pressure, as the cycle ends this week. We expect the SPX to begin the declining phase for the current cycle this week. Our near term target is the support zone between 2900-2911. Beyond this week, we see intermediate term risks increasing....
    On September 23, 2018 / By
  • Finance 0

    E Weekly Energy Roundup: Offshore Drilling Companies, September 17 To September 21

    It has been a very exciting week in the offshore drilling sector, most notably because we saw four different major offshore drilling companies get awarded new contracts. These contracts were primarily for harsh-environment semisubmersibles, which is an area that has been seeing a lot of attention over the past year or so, but do provide us with a clear indication that the offshore drilling industry has begun to recover. This is something that we have been waiting for a long time as the lengthy industry downturn has been forcing multiple companies either into bankruptcy or mergers with larger entities. Now may be the time for investors to pull...
    On September 23, 2018 / By
  • Finance 0

    Weekly Economic And Political Timeline – Sunday, Sept. 23

    This week is likely to be very active, as there is plenty of important data scheduled concerning the U.S. Dollar as well as some other currencies. The week will probably be dominated by central bank input concerning the U.S. Federal Reserve’s projections and rates, as well as input from the Reserve Bank of New Zealand, plus some important Canadian economic data and U.S. GDP numbers. The market is likely to be most active on Thursday. It will be a public holiday in Japan and China on Monday. U.S. Dollar It will be a busy and very important week for the U.S. Dollar, starting on Tuesday with a release of CB Consumer Confidence data. On We...
    On September 23, 2018 / By
  • Finance 0

    Weekly Market Outlook – An Ugly Win Is Still A Win, But Can It Last?

      Stocks logged a second consecutive winning week, and a second straight record weekly close, though the bulls ended the week with anything but enthusiasm. Then again, they didn’t need to finish the trading week on a high note to do some real damage. Last week’s last trade for the S&P 500 was almost 0.9% better than the previous week’s close… not bad given the time of year, and how overextended the market is at this point. We’ll weigh the odds of more upside in our usual analysis below, right after a review of last week’s economic news and a preview of this week’s announcements. Economic Data Thi...
    On September 23, 2018 / By
  • Finance 0

    Comcast Prevails With Highest Offer Price In Auction For Sky

    Comcast (CMCSA) published an announcement that Comcast has prevailed with the highest offer price in the auction to acquire the entire issued and to be issued share capital of Sky (SKYAY) with an offer price of GBP17.28 per Sky share. This implies a value of $40 Billion for the fully diluted share capital of Sky. The announcement ends the competitive bidding process for Sky.  ...
    On September 23, 2018 / By
  • Finance 0

    E Markets: Seasoned

    The official start of Fall and the Harvest Moon greet markets as they grind into third quarter end and look for the next spice to add to the ongoing rally back in risk. There is a common origin for the act of seasoning and the change in seasons – adding flavor or spices to food or drying, maturing foods or timber, against the time for sowing and harvesting all come from the same Latin root. If we learn anything in the past week, it’s about timing as the Monday bear market ran into hibernation on the reality of Trump tariffs on China not leading to the end of the world. Similarly, time is the critical component for the week ahead as its t...
    On September 23, 2018 / By
  • Finance 0

    USDCAD Weekly Analysis – Sunday, Sept. 23

    USDCAD broke below 1.2887 support, suggesting that the downside movement from 1.3385 has resumed. A further decline could be expected in a couple of weeks and next target would be at 1.2800 area. Near term resistance is at 1.3000, a break of this level could bring the price back into 1.3200 zone....
    On September 23, 2018 / By
  • Finance 0

    Book Review: Agrawal Et Al., Prediction Machines

    Prediction Machines: The Simple Economics of Artificial Intelligence (Harvard Business Review Press, 2018) by Ajay Agrawal, Joshua Gans, and Avi Goldfarb, all chaired professors at the University of Toronto’s Rotman School of Management, is an excellent introduction to the opportunities and limitations of AI. Their thesis is that, as things now stand, AI is becoming an ever cheaper community that lowers the cost of prediction and will change how businesses operate. But it cannot replace judgment, so human beings will not be sitting around as unproductive idlers. One of the goals of enhanced prediction is to replace statisfying with more op...
    On September 23, 2018 / By
  • Finance 0

    Forex Forecast And Cryptocurrencies Forecast For Sept. 24-28, 2018

    First, a review of last week’s events: EUR/USD  Recall that most experts (55%) had voted for the further growth of the pair and its transition to the zone 1.1745-1.1845. This forecast turned out to be 100% true, and the pair fixed the weekly high at 1.1802 on Friday morning, having risen by 180 points in five days. The main reason for the dollar to weaken was the hope that China and the United States could avoid a full-scale trade war. The devastating victory of the Americans became less obvious, and investors turned their attention to more risky assets and started to get rid of the dollar mass. Another reason for the US currency fall was ...
    On September 23, 2018 / By
  • Finance 0

    AboveTthe 40 – A Suspect Breakout For The S&P 500

    AT40 = 52.7% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 56.7% of stocks are trading above their respective 200DMAsVIX = 11.8Short-term Trading Call: neutral The stock market is not quite out the (short-term) woods yet. Last Wednesday I pointed out why the latest bearish divergence forced me to back down from my cautiously bullish short-term trading call. My neutral stance reflected a fresh wariness over an S&P 500 (SPY) grinding higher without the confirmation of a higher AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs). The S&P 500 (SPY) pr...
    On September 23, 2018 / By