The Japanese yen surged for the fifth-straight day on Thursday, strengthening by as much as 1.7% to 107.92 against the dollar and hitting the strongest level since October 19, 2014 — right before the Bank of Japan shocked the markets by boosting its quantitative-easing program. It fell overnight into Friday after Japanese Finance Minister Taro…
We do in depth analysis on a weekly basis (and every day in-week) because there is no substitute for working to be right with the market’s evolving situation as opposed to making bias or ego stoked calls in hopes of being right. The current situation has seen some calling ‘bullish’ on the stock market despite a still intact bear…
US corporate leverage ratio through the roof.
The biotechnology sector has experienced a big rally in recent weeks. Uncoincidentally, the rally started right at major support, as seen on the first chart (lower purple line which was tested in March). The chart also shows that the first resistance line is reached (horizontal purple line), while major resistance is just 10% above today’s price (descending…
The ongoing collapse of the velocity of M2 money supply screams loud on clear: YES. As the St. Louis Fed pointed out yesterday, M2 money velocity—the ratio of nominal GDP to the average of the money stock—has fallen to record lows, based on numbers dating to 1959. That’s a powerful sign that the crowd has a strong—and…
Making big gains on a small budget may sound too good to be true. But the idea is worth pursuing, especially with the help of low-priced stocks. Of course, what may be a low price for one may not be for another. So here we’re considering stocks that are priced low enough for everyone, i.e….
OVERNIGHT MARKETS AND NEWS Jun E-mini S&Ps (ESM16 +0.53%) are up +0.58% and European stocks are up +1.01%. A +3.46% rally in crude oil to a 1-week high has boosted energy producing stocks and pulled the overall market higher, while comments made last night from Fed Chair Yellen reinforce her previous comments that the Fed will…
WTI Crude Oil The WTI Crude Oil market initially rallied during the day on Thursday but found the area above the $38 level to be resistive enough to turn the market back around. Ultimately though, we did bounce a bit after selling off, so this is more or less a neutral candle. If we can…
AstraZeneca (AZN) and Eli Lilly (LLY) announced that AMARANTH, a Phase II/III study of AZD3293, an oral beta secretase cleaving enzyme inhibitor currently in development as a potential treatment for early Alzheimer’s disease, will continue into Phase III of the Phase II/III seamless trial. The AMARANTH independent data monitoring committee recommended the study continue without…
In the final day of the week, it has again been a story of currencies and commodities setting stock prices, however instead of yesterday’s Yen surge which slammed the USD/JPY as low as 107.67 and led to a global tumble in equities, and crude slide, today has been a mirror image after a modest FX…
