Retail continues to perform nicely for the one bear left on this entire planet. Chico’s, for instance – – purveyor of threads to women of a certain age – – is the gift that keeps on giving. And, in more of a macro play, the sole bear left on earth is also short DDR, which is in the not-so-certain business of commercial real estate for shopping malls. Bombs away, baby. ...
EUR/USD Elliott Wave Analysis in 15 Minutes chart Bullish trend is present in EUR/USD currency pair, 15 minutes chart. As I have suggested via my Elliott Wave Analysis few hours ago, during my daily Forex Live Trading Room session, the price of EUR/USD currency pair is going to rise up now on a short-term basis to create a Bullish Impulse Elliott wave pattern and Spot Forex traders should consider taking a possible buy trading chance. Strong key support level is present at 1.1779 price level which is the originating point of Bullish Impulse wave i leg. In my opinion, price action in EUR/USD currency pair has not completed bullish wave iii imp...
I would like more price action from this market, but I can’t force that. I have to wait for that to happen, and to place my trades accordingly. Right now, I don’t want to add additional long exposure, until this market can put together a decent breakout to the upside. Indicators VIX – Not surprising to see it take a hit, since volatility was completely absent from the market on Friday. T2108 (% of stocks trading below their 40-day moving average): Dropped a small amount to 72%. Some profit taking of late, but nothing major. Moving averages (SPX): 5-day moving average has flat lined, while all the other MA’s are...
For nervous investors with a fear of heights, the words of Jesse Livermore echo through the trading ages, as he exhorted fellow traders that a stock was never too high to buy or too low to sell. And the former is of course the more appropriate here, as the YM e-mini futures reflecting the cash markets, continue to extend ever higher into the rarefied atmosphere of new high ground. For those who trade or invest with an opinion, this is all too much as the market should NOT be continuing in this way, and the ‘big short’ should now be well underway. What these traders and investors think is irrelevant. The facts are that equities look set to...
Never go into business with friends. We’ve all heard it before – this snippet of advice has been uttered countless times, given in grave tones that allude to apocalyptic scenarios. And with good reason. Yet that doesn’t stop some from attempting to make it work. When childhood buddies or newfound social allies decide to work together, they either create a whole new entity to be built from the ground up, or else one employs the other. For the former, grandiose visions are often at play – late night rambling turns into strategisation, investment and fruition. For the latter, a chance to help out a friend is frequently deemed important e...
Wolfgang Schäuble, who is set to leave his post as Germany’s finance minister this month, has warned of increasing risks to the global economy that could lead to another financial crisis. In an interview with the Financial Times, the German politician said central banks’ post-crisis policies have created a danger of “new bubbles”. Schäuble said the liquidity caused by the injection of trillions of dollars in recent years now poses a major risk, despite banks gradually raising interest rates: “Economists all over the world are concerned about the increased risks arising from the accumulation of more and more liquidity and the growt...
Bank of Sabadell, the fifth-largest lender in Spain, has revealed it will move its headquarters to the southern city of Alicante, in the aftermath of the independence conflict in the region. The financial institution, which has more than 130 years of history in Catalonia, announced the decision on October 5, amid rising tensions between the region’s local government and Spanish authorities. “Banco Sabadell has adopted this decision in order to protect the interests of our customers, shareholders and employees,” the bank said in a statement. Bank of Sabadell’s move is the first in the sector, with more banks expected to follow suit Ba...
Not only are advanced industries (AIs) key drivers of the US economy, they are also the prime economic drivers for the state of Colorado. Comprising engineering and R&D-intensive companies, they deliver products and services in a wide range of markets, from aerospace to medical devices. To ensure the progression of this vital aspect of Colorado’s economy, the AI Accelerator Programme was created in 2013. This initiative promotes growth and sustainability in these industries by driving innovation, commercialisation and public-private partnerships, while also increasing access to early-stage capital and creating a strong infrastructure t...
Indian share markets continued to trade strong in the afternoon session ahead of key macroeconomic data to be released later in the day and amid strong Asian markets. At the closing bell, the BSE Sensex closed higher by 277 points and the NSE Nifty finished up 87 points. The S&P BSE Mid Cap finished up by 1.1% while & S&P BSE Small Cap too finished up by 1%. Gains were largely seen in realty stocks, pharma stocks and energy stocks. Tata Steel share price surged 3.3% after it was reported that a deal to merge the European steel operations of Tata Steel and ThyssenKrupp could be struck this month, after Tata Steel re...
Precious metals, and Gold and Silver miners specifically have been getting some positive attention driven by the recent upward movement in the price of Gold and Silver in the last couple of weeks. In this article, we will cover how First Majestic Silver could potentially benefit from a rising Spot silver price. To be able to benefit from the next move in the silver miners we will be mentioning below, investors need to keep the performance of Silver spot price in mind. This will be crucial for a proper management of both risk and eventual profit. Silver price Outlook In our most recent Silver price Outlook, we stated that for Silver to be ...