In conventional thinking, China’s problems are China’s problems. As those related to its currency, it is believed a mere matter of either intentional policy (devaluation = export stimulus) or the outflow of “hot money” because of China’s unique circumstances. From this position, one populated by policymakers, what has transpired over the past year plus was…
Outside, perhaps we do see a double rainbow (yesterday’s commentary). Inside, though, a solar powered glow-in-the-dark Rallysaurus has resurrected. On September 25th, nearly a month ago I asked, “Have sustainable or renewable energy instruments finally bottomed?” Today, First Solar’s (FSLR) price rose by over 6%. SunPower (SPWR) and Canadian Solar (CSIQ) gained over 4% each. TAN, the…
Today Mike Swanson of WallStreetWindow interviewed me regarding the short-term outlook for gold stocks. We covered why to avoid the 3x ETFs, why outlandish predictions for Gold get media attention, the short-term support and resistance for Gold and why the sector will remain in a larger consolidation.the sector will remain in a larger consolidation. Video…
Netflix Forecast Summary: Netflix reports better than expected 2016 third quarter report I Know First accurately predicted an increase in stock price since its September 15, 2016, forecast. I Know First continues its bullish forecast October 18, 2016 Accurate Forecast: Netflix, Inc. (NFLX), is the largest internet television network provider offering online streaming of films, documentaries,…
Today lets talk about BABA. I want to talk about it for a few reasons. One is from an educational point due to multiple technical analysis patterns that are building here. I say building because they still need chart time to complete. The other reason is that there is going to come a time when…
As one smart CNBC chap argued “you’ve been paid to optimistic”… But then again “ignorance is bliss”… Stocks rallied today.. because… oil… As WTI Crude surged to a 15-month high today… Just one question… what happens next? Trannies and Small Caps were best as Nasdaq limped along unch hurt by Intel… Something odd of note – 6…
The metals showed a little more action this morning, but the lid stayed firmly on the kettle. Let’s hope it does not make a mess when it boils over. They’ll never learn.
During the day on Thursday, we get a handful of announcements that could move the marketplace. We get the ECB releasing an interest rate announcement and of course the following statement, we get initial jobless claims coming out of the United States, and of course we get retail sales coming out of Great Britain. CAC…
eBay (EBAY) released its latest earnings report after closing bell tonight, posting non-GAAP earnings of 45 cents per share on $2.217 billion in revenue. Analysts had been expecting earnings of 44 cents per share on $2.18 billion. In last year’s third quarter, the online auction firm reported 43 cents per share in earnings on $2.1…
The S&P 500 spent the early trade in apparent indecision following the pre-market release of upbeat residential building permits but downbeat starts, hitting its -0.07% intraday low about 30 minutes into the session. The index then rallied to a relatively narrow trading range from mid-morning to its 0.22% closing gain, about half off its 0.41%…
