Oil fell below the $60 level overnight, a day after slipping into a bear market. That means U.S. crude is now down by around 20% since early October as rising supply and concerns of an economic slowdown pressure prices. Fresh U.S. sanctions are unlikely to cut as much oil out of the market as initially expected with Washington […]
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With the recent market rally, it seems the bulls are trying to come back in full force. I am not quite there yet. In fact, I am still more bearish than bullish. The Nasdaq (COMP) did close above the 200 day SMA yesterday. Today we opened above that same key technical level. In fact, we […]
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The Fed is likely to leave rates unchanged this afternoon as it announces its decision following a two-day policy meeting. U.S. stock index futures are still giving back some of yesterday’s gains as traders get nervous about upcoming tightening in December. Recent reports showing strong job and economic growth give the FOMC little reason to materially […]
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$HEAR is a name due to report earnings today. With the huge growth potential in esports and the every growing amount of names putting in large-sized investments into this sector, I can see $HEAR benefitting greatly both in the near and long-term. While I would not trade earnings, I would be highly interested if the […]
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U.S. stock index futures are dipping into negative territory again as Americans cast their vote in a closely-watched midterm election. The results will likely set the tone for the markets, though the question is what kind of tone that will be. Some say a Republican sweep could send Treasury yields higher and weigh on stocks, though […]
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Tough U.S sanctions targeting Iran’s critical energy sector have come into force, as well as fresh measures against the nation’s shipping and financial industries. Eight countries – including Turkey, Italy, India, Japan, and South Korea – will receive temporary six-month waivers allowing them to continue to import Iranian petroleum products as they move to end such […]
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This is a stock that showed a LOT of strength to the upside during the market sell-off. While it hasn’t screamed higher since the markets have rallied back, I think a great upside opportunity is near. What is important is the timing of the opportunity. Tune in to see what I am looking at and […]
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It looks like another strong open for U.S. stock index futures as traders gear up for an action-packed November, with an upcoming G-20 summit, midterm elections, the latest jobs report and a Fed meeting on monetary policy. U.S. stocks rebounded strongly for a second day on Wednesday. Investors scooped up beaten-down technology and internet favorites as […]
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