The unrest in Iran is fueling surge in global oil prices as investors expect further tightening in global oil supplies amid the perceived drop in the U.S. crude stockpiles. Brent crude oil advanced to $67.06 a barrel on Wednesday, while the U.S. oil, WTI jumped to its highest in almost two years to trade at $60.87 a…
EUR/USD: The pair failed to follow through higher on the back of Tuesday gains on Wednesday. This development leaves it weak and vulnerable to the downside. On the upside, resistance comes in at 1.2050 level with a cut through here opening the door for more upside towards the 1.2100 level. Further up, resistance lies at…
Massachusetts Mutual Life Insurance Company or MassMutual, along with its subsidiaries including OppenheimerFunds, manages a significant number of mutual funds across different categories, including both equity and fixed-income funds. MassMutual uses a multi-manager approach to offer services including life policies, money management and retirement planning to its clients throughout the globe. The company was founded…
Ole Doc Copper has done well over the past two years, as it is up over 50%. Since 2011, the total returns for Copper aren’t so bullish. The rally in Copper over the past 24 months has caused a majority of investors to become bullish (highest percentage of bulls in 6-years). Below looks at sentiment…
The ISM Manufacturing survey improved and remained in expansion. The key internals are in expansion. The Markit PMI manufacturing Index is in positive territory and improved. Analyst Opinion of the ISM Manufacturing Survey Based on these surveys and the district Federal Reserve Surveys, one would expect the Fed’s Industrial Production index growth rate to improve….
This morning we are going to discuss the following charts listed in sequence below. The stock market yesterday was quite good with the FANG names leading the charge along with commodities. The price of gold and silver soared as the US Dollar pulled back. Our technical analysis of the stock charts remains bullish across the…
Forget about Lexus. It was definitely a “December to Remember” for sales of Ford F-Series trucks. Sales totals from Ford for December were just released, and the results were strong. As shown below, total sales of F-Series trucks came in at 89.4K for the month which was the best December since 2005 and the third…
Tech website The Register reports that chip giant Intel has a bug that lets some software gain access to parts of a computer’s memory which are set aside to protect things like passwords. The news sent INTC stock sliding over 2% to $45.90, while rival AMD surged as much as 6.2% as costly patches to Windows and…
The Department of Transportation’s Federal Highway Commission has released the latest report on Traffic Volume Trends, data through October. “Travel on all roads and streets changed by 1.2% (3.3 billion vehicle miles) for October 2017 as compared with October 2016. Travel for the month is estimated to be 275.0 billion vehicle miles.” The less volatile 12-month moving…
With the United States accusing Pakistan of playing a “double game” with respect to fighting terrorism, the U.S. Aerospace & Defense space has seen a thrilling start to 2018. Per Reuters, U.S. Ambassador Nikki Haley’s statement to withhold aid worth $255 million to Pakistan clearly shows that the White House might be looking to build…
