After multiple requests from readers to analyze other altcoins other than Ethereum and Bitcoin, we felt it was time to write our Litecoin price forecast. This article starts with an analysis of Litecoin’s current value which will be the basis for a Litecoin forecast (future potential). Our focus is on the following: What drove the current increase in value? How do gains stack against gains relative to current news events and against peers? What the existing and future demand looks like What Litecoin? Why Litecoin? The official site Litecoin.com explains what Litecoin is. It is essential to understand what Litecoin is and does, before ...
The Nasdaq outperformed, hitting (another) record ahead of some “bigly” earnings this week. Oil got a lift from Saudi jawboning in St. Petersburg: This is what did it, from Al–Falih: Exports need to be incorporated in oil-cuts monitoring, Saudis are capping exports at 6.6m b/d “This is all news that’s been out there before, but he came out and threw that out there at a pretty opportune time,” Bob Yawger, director of the futures division at Mizuho remarked. The dollar regained a little footing, but the day was largely uneventful and the greenback is still sitting near a 14-month low ahead of the Fed. European shares were mixed wit...
There was a funny sort of Congressional exchange all the way back in November 2005 that in a weird way defines our world today. At the nomination proceedings on whether to confirm Ben Bernanke as Alan Greenspan’s successor, Senator Jim Bunning of Kentucky wanted the prospective Fed Chairman to first answer for M3. It had become something of a conspiracy theory, but one with enough roots to reach this political level of mainstream thought. The Federal Reserve had under Greenspan in late 2005 announced that by early 2006 it would no longer keep an M3 money supply statistic. Almost immediately, the central bank was accused by critics of trying...
Yes, it’s the middle of the summer, and yes, volatility is extremely low! And, no, I’m not calling for a top here in stocks. But, what I am concerned is what the key averages (Dow Jones Industrial Average, S&P 500 Index and the Nasdaq Composite) are doing from a pure technical perspective. Looking back at charts this past spring, while the Nasdaq Composite and technology stocks as a whole, were soaring to fresh all-time high after fresh all-time high. Both the Dow Jones Industrial Average and the S&P 500 Index, however, traded within their respective ranges until late May. It was nearly two months of consolidation until al...
Google, aka Alphabet, reported Q2 earnings that beat on the top and bottom line, reporting EPS of $5.01, above the estimate of $4.45, and earnings per share excluding the $2.7 billion European Commission fine of $8.90, also above the $8.25 expected. Total Q2 revenue of $26.01 billion rose 21% Y/Y, and also beat consensus of $25.64BN. Yet while Google’s top and bottom line results were both impressive, the reason why the stock was down as much as 3.6% in the after hours appears to be that Google reported paid clicks in Q2 rose by 52%, well above expectations, while cost-per-click – which measures what advertisers pay when people cl...
The market found another dip that it could not resist buying today, AND Buy It DID! SPX is still dealing with negative breadth in the overall market, but it is improving, and the TICK readings are improving and the VIX continues to crawl into its hole, yet again. The Nasdaq did pullback a whopping 0.04% on Friday, so the 10-day rally is over, and that, based on precedent, is enough of a pullback, I guess, to bring the dip buyers back in and take advantage of this ‘generational buying opportunity’. To take advantage of that opportunity, I’ve put together my bullish list of trade setups to follow this week. And yes, ...
Taking A Big Step Back The expression “the market needs to consolidate its gains” applies to all timeframes, from 60 minutes to 60 years. The chart below shows the NYSE Composite consolidating between 1965 and 1982. After the consolidation period ended, stocks surprised on the upside between 1982 and 2000. A similar “the market needs to consolidate its gains” period occurred between 1997 and 2016. The recent break above the orange consolidation box tells us to be open to much better than expected outcomes in the stock market over the next 5 to 15 years. The longer the 2016 bullish breakout holds, the more relevant it becomes. “To ch...
Photo Credit: Dave Center Domino’s Pizza Inc. (DPZ) Releasing 7/25/17 BMO The Estimize consensus calls for EPS of $1.25, three cents higher than the Wall Street consensus. Currently, the Estimize community is looking for revenues of $616.35M, just slightly higher than the Street’s expectation for $609.58M. Domino’s is showing some impressive numbers this quarter, with a P/E ratio of 45.73 and a dividend yield of 0.86%. Likewise, the Estimize community is showing positive numbers for YoY growth for both EPS and Revenue, 28% and 13%, respectively. Last quarter, DPZ saw a negative return on equity of 12.21% and a net margin of 9.06%. Des...
The July round of flash manufacturing PMIs showed a slight but important rebound in the “global flash manufacturing PMI” (an indicator we put together based on the Markit readings). Our data show the global flash reading up +0.4pts to 54.3 – which is the highest reading since February this year, thus while the move is not huge, it is very important that the indicator has begun to accelerate again after a period of consolidation. On the detail, it was driven by a stronger US: +1.2pts to 53.2 which offset falls in Europe (-0.6 to 56.8) and Japan (-0.2 to 52.2). As for the market implications, the US 10-year bond yield has sh...