By Dominic Picarda. The rally in equities remains in fine fettle. The indices’ intraday advances are strong and confident, while the pullbacks are mild and brief. To put another dent in the bears’ case, breadth on the New York Stock Exchange looks to be breaking to a new bull-market high. Previously, it was not confirming…
By Zak Mir. Comparing the chart patterns of unrelated markets can yield surprising results. As with any area of trading, it has to be done properly or can lead you into trouble, but there is an interesting set up with Ophir Energy (OPHR): What I find interesting about OPHR at the moment is that it…
By Filipe R. Costa Abenomics is inventing a “second” Japanese economy. No, I don’t mean the Japanese are embracing new technologies and processes to find new ways and means of delivering growth, but rather that the Bank of Japan’s balance sheet is on course to the same size as Japanese GDP within 5 years. Amazingly…
With very little else to focus on all week, investors have been closely studying corporate results in the hope that momentum may gather on the back of encouraging data. Asian shares traded lower overnight on the back of disappointing earnings with 60 percent of the 73 companies in the MSCI Asia Pacific Index that have…
European markets opened confidently today as better-than-expected manufacturing data from China provided an excuse for investors to dive back into the equity markets in full throttle. Although some analysts have pointed out that they expect a period of consolidation owing to the near all-time highs of equities as well as restrictions in the flow of…
By Filipe R. Costa Last Monday, the Nobel Foundation announced the winners of the Nobel Prize in Economics. This year the Foundation decided to split the prize between three American academics: Eugene Fama and Lars Hansen from the University of Chicago and Robert Shiller from Yale University. This illustrious group won the most prestigious prize…
By Zak Mir. After the September Payrolls: FTSE 100, Dow, S&P500 FTSE 100: October bear trap from below rising 200 day moving average echoed similar brief trap in June. Initial consolidation expected at and above the former September 6,659 peak. Best case scenario for end of 2013 currently a top of 2013 price channel…
I spent much of the last week toying with the idea that the taper might be back on at the end of this month. I was starting to build a plan to short the market, figuring I’d spotted something everyone else had missed. Sadly this turned out to be nothing more than vanity! After the…
By George Leong, B.Comm. The key to buying stocks and stock market success is to always be on top of your outstanding positions, especially with any major changes in the underlying fundamentals. If you ignore the warning signs, you may as well go to Las Vegas and gamble away your capital. Buying stocks is not like…
By Dominic Picarda. The QE party is likely to keep going for now. As we belatedly learnt yesterday, US job-creation has fallen short of expectations recently. As such, the Fed will probably keep the printing presses clanking away at their current rate into 2014, which is good for stocks and gold. The more inflated the…
