Digital currencies suffered a major crash just before the long holiday weekend. That crypto-crash was followed by an initial stabilization late on Friday and consolidation during the holiday. Bitcoin found support at $13,207 and began rising gradually from there. As Christmas Day gave way to Boxing Day, these gains are accelerating. BTC/USD is up some 10% on the day and trading at $15,550 at the time of writing. Resistance awaits at $16,302, a level that capped worked as support for the coin when it was trading in a high range last week. Looking higher, we find $18,135, that also had the same role. The ultimate line is the all-time high of $1...
The predominant investment strategy is to invest in index funds which means that you own an index like the S&P 500, which is a basket of the 500 biggest businesses traded in the U.S. Owning part of the 500 best businesses in the U.S. is not a bad thing but there are a few things you should know before allocating your hard-earned money to index funds. How To Properly Invest In Index Funds – Dollar Cost Averaging 1) Investing in index funds is extremely risky You probably read that many, even Warren Buffett says that investing in index funds is the best way to invest. However, there are many catches that go along that statement. The ...
The Chart of the Day belongs to MiX Telematics (MIXT). I found the software solutions stock by using Barchart to sort today’s Top Stocks to Own list first for the highest Weighted Alpha, then I used the Flipchart feature to review the charts for consistent Price Appreciation. Since the Trend Spotter signaled a buy on 12/15 the stock gained 7.57%. MiX Telematics Limited provides fleet and mobile asset management solutions. It offers vehicle tracking services for the consumer and commercial vehicle market worldwide. Mix’s products and services provide enterprise fleets, small fleets and consumers with solutions for safety, efficienc...
One stock that might be an intriguing choice for investors right now is Deere & Company (DE – Free Report). This is because this security in the Manufacturing – Farm Equipment space is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective. This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Manufacturing – Farm Equipment space as it currently has a Zacks Industry Rank of 17 out of more...
The last two weeks of the year are often interesting for the stock market as it oftentimes experiences what is known as the “Santa Claus effect.” The Santa Claus effect, in short, refers to the strong gains that the market experiences during these weeks as a result of employees investing their Christmas bonuses, portfolio rotation for tax purposes en masse, and mutual funds buying to enable the fund managers to achieve their investment objectives and maximize reported gains. As a result, we can expect the oil and gas industry to be affected by this effect. Let us have a look at six major companies in the industry to see if this was indeed...
The latest wisdom of the day from true believer Naeem Aslam is Ignore a 20% to 30% drop in bitcoin because the longer trend is up. If you dive into the article Aslam states “If the price drops by 70% now, it only will be touching its 200-day moving average, which is near $4,473.” Apparently, one should ignore a 70% plunge as well. Then what? Suppose you were one of those who bought at $18,000 or so. You would be down about 75%. OK no problem. Since “the trend is up” so you buy on the moving average. Or simply keep buying down. You get a nice bounce off the moving average and you load the boat as any true believer in JD...
The United States announced a $285 million cut in the United Nations’ “bloated” budget for next year, negotiated by UN Ambassador Nikki Haley. A statement by the United States Mission to the United Nations reads: Today, the United Nations agreed on a budget for the 2018-2019 fiscal year. ?Among a host of other successes, the United States negotiated a reduction of over $285 million off the 2016-2017 final budget. In addition to these significant cost savings, we reduced the UN’s bloated management and support functions, bolstered support for key U.S. priorities throughout the world, and instilled more discipline and acc...
The medical devices industry…has seen quite an eventful year in 2017… courtesy of a series of socio-political occurrences that favored the space, but standing at the threshold of 2018, it is imperative for investors to find the means which can dilute the macroeconomic woes and help them gain more. Based on strong fundamentals and positive vital metrics, the following 4 stocks have ample credential to return more to shareholders amid eco-political threats. To save investors from the time-taking process of identifying the powerful MedTech stocks that may brave the industry threats in 2018 we have, with the help of the Zacks Stock Scree...
The news cycle as a whole was somewhat slow this week, as is somewhat usual for the week leading up to the winter holidays. With that said, the last two weeks of the trading year are oftentimes subject to what is known as the “Santa Claus Effect.” Investopedia defines this phenomenon thusly, “A Santa Claus rally is a surge in the price of stocks that often occurs in the last week of December through the first two trading days in January. There are numerous explanations for the Santa Claus Rally phenomenon, including tax considerations, happiness around Wall Street, people investing their Christmas bonuses and the fact that pessimists ar...
For many weeks we have been waiting patiently, like vultures perched on the branches of trees, for the Large Specs to go belly up and croak, and the good news is that they just have, so it’s time for us to swoop down and feast on the carcasses, the carcasses being silver and the better silver stocks, which are at good prices here, and although they have already started rallying over the past week or two, the COT structure is now much healthier, suggesting that they will continue to advance. On the 6-month silver chart, we can see the breakdown from a Symmetrical triangle that occurred late in November leading to a drop well into December, a...