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Incoming Ecuador President Moreno names finance oil ministers
QUITO Reuters Ecuador s leftist president elect Lenin Moreno on Tuesday said he would name Carlos de la Torre as his finance minister and Carlos Perez as oil minister De la Torre is an economics professor and works as a consultant Perez was for 13 years Ecuador country manager for U S oil services company Hallib...
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Halliburton HAL Q4 Earnings And Revenue Beat Estimates
Earnings Miss World s No 2 oilfield services company Halliburton Company NYSE HAL reported fourth quarter adjusted income per share from continuing operation of 41 cents higher than the Zacks Consensus Estimate of 37 cents Estimate Revision Trend Surprise History Investors should note that the Zacks Consensu...
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U S futures decline ahead of Bernanke speech Dow Jones down 0 32
Investing com U S stock futures pointed to a lower open on Thursday as investors remained cautious ahead of a highly anticipated speech by Federal Reserve Chairman Ben Bernanke on Friday Ahead of the open the Dow Jones Industrial Average futures pointed to a 0 32 loss S P 500 futures signaled a 0 40 fall while...
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2014 Another Soft Patch Ahead
Businesses are building their inventories of merchandise and new homes That activity boosted real GDP during Q3 and may be doing it again during the current quarter The question is whether some of this restocking is voluntary or involuntary The recent weakness in producer and consumer prices suggests that some of i...
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Welcome To The Santa Claus Rally
In the wake of Friday s stock market rally it appears that the seasonal Santa Claus rally is well under way Rob Hanna at produced analysis that initiating a long position in the NASDAQ Composite as of Friday s close until December 20 and held for eight days would have been profitable in 24 out of 26 years shows ...
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U S Wages And Egyptian President Employment
Note The following blog post originally appeared on February 3 2011 with an additional reference that was referred to in a February 17 2012 post and is part of a continuing year end best of series calling up old posts that some readers may have not seen before I have removed some of the references to then curr...
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Abundant Energy A Game Changer And Gold Killer
Gold bugs can t wait for the year to be over 2013 was truly horrible for them as the following performance chart shows As of this writing gold via the popular SPDR Gold Trust ETF GLD is down nearly 30 for the year Gold miners are down roughly 55 This bloodbath is a result of a complete and total misread as to...
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Where Will Global Currency ETFs Go In 2014
Currency markets saw an eventful 2013 with the dollar spiking emerging markets currencies sliding the yen setting multi year lows every now and then and the Euro gaining and losing strength with every move by the central bank A big reason for this movement in the world currency market was the taper talk in the U S...
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Top Stocks With Big Potential Catch Up Moves
Given the recent run up in the market here s a screen I ve been using recently for my own stock picking First it focuses on the top Zacks Ranked Sectors and Industries Then it focuses on the Zacks Rank 1s 2s and 3s which are Strong Buys Buys and Holds respectively But then it selects the outperforming stock...
BMY
Idera Pharma launches late stage study of IMO 2125 in treatment resistant melanoma
Idera Pharmaceuticals NASDAQ IDRA commences a Phase 3 clinical trial ILLUMINATE 301 evaluating intratumoral IMO 2125 combined with Bristol Myers Squibb s NYSE BMY Yervoy ipilimumab compared to Yervoy alone in melanoma patients who have not responded to anti PD 1 therapy e g BMY s Opdivo nivolumab a Fast...
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Biohaven Pharma restructures license agreement with Bristol Myers shares down 3 on discounted stock deal
Biohaven Pharmaceutical Holding Company BHVN 2 7 has revamped its license agreement with Bristol Myers Squibb BMY 1 related to migraine candidates rimegepant and BHV 3500 Under the terms of the new arrangement the company paid BMY 50M in consideration of a low single digit reduction in payable royalties for r...
BMY
Bristol Myers Opdivo extends survival in late stage lung study in Chinese population
Results a Phase 3 clinical trial CheckMate 078 assessing Bristol Myers Squibb s NYSE BMY Opdivo nivolumab compared to the chemo agent docetaxel in a predominantly Chinese population with previously treated advanced non small cell lung cancer NSCLC showed a statistically significant improvement in overall surviv...
BMY
FDA OKs Bristol Myers Opdivo Yervoy for first line kidney cancer
The FDA approves Bristol Myers Squibb s BMY 8 4 combination of Opdivo nivolumab and Yervoy ipilimumab for the first line treatment of patients with intermediate and poor risk advanced renal cell carcinoma RCC The data supporting the indication was generated in the Phase 3 CheckMate 214 study that showed trea...
JPM
EU plans moving bank regulator from London as euro zone eyes City business
By Francesco Guarascio BRUSSELS Reuters The EU is preparing to move its European Banking Authority from London following Britain s vote to leave the Union EU officials said on Sunday setting up a race led by Paris and Frankfurt to host the regulator Coming a day after Britain s Jonathan Hill resigned and was rep...
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Halliburton beats estimates as revenues climb
Investing com NYSE Halliburton Q1 earnings from ongoing ops excluding costs from retiring debt beat estimates The U S oil services company reported diluted EPS on that line of 0 04 vs estimate of 0 03 Revenues in the quarter rose to 4 28 bn from 4 20 bn a year earlier as U S shale activity picked up Halliburt...
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VTTI Energy Partners agrees to increased offer to be bought by VTTI B V
VTTI Energy Partners NYSE VTTI 4 3 premarket after agreeing an to increased offer to be acquired by VTTI B V at 19 50 unit for an aggregate value of 481M the revised price is 0 75 higher than the 18 75 offer made on March 2 VTTI says unitholders will continue to receive regular quarterly distributions of 0...
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Why Halliburton HAL Is Poised To Beat Earnings Estimates Again
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report you should consider Halliburton NYSE HAL This company which is in the Zacks Oil and Gas Field Services industry shows potential for another earnings ...
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Earnings Preview Halliburton HAL Q4 Earnings Expected To Decline
Wall Street expects a year over year decline in earnings on lower revenues when Halliburton NYSE HAL reports results for the quarter ended December 2018 While this widely known consensus outlook is important in gauging the company s earnings picture a powerful factor that could impact its near term stock price is h...
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U S stocks higher amid central bank speculation Dow Jones up 0 05
Investing com U S stocks opened higher on Wednesday following the release of disappointing U S economic data as global growth concerns added to hopes for fresh easing measures by world central banks During early U S trade the Dow Jones Industrial Average eased up 0 05 the S P 500 index added 0 18 while the ...
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U S futures edge higher eyes on data Dow Jones up 0 15
Investing com U S stock futures pointed to moderately higher open on Thursday as investors awaited the release of U S economic reports later in the day after globally positive data earlier in the week lowered expectations for new stimulus measures by the Federal Reserve Ahead of the open the Dow Jones Industrial...
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EUR NZD A Short Opportunity
On EUR NZD I see five waves up in leading diagonal followed by a five wave decline from 1 6840 which is first leg of minimum three wave retracement As such wave b retracement back to 1 6590 1 6700 could be interesting for shorts in wave c 4h Elliott Wave AnalysisEUR NZD Elliott Wave title EUR NZD Elliott Wave ...
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Asymmetrical Bubbles Are We In Denial
Just recently Nobel Prize winning economist Robert Shiller warned that the U S stock market and Brazilian property market were areas of concern Specifically he stated I am not yet sounding the alarm But in many countries stock exchanges are at a high level and prices have risen sharply in some property markets that...
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EUR USD Impulse Could Extend Up To 1 3850
EUR USD is in a pullback mode within larger uptrend which may resume very soon through 1 3812 and 1 3832 as current retracement can be considered as a minor flat correction in wave iv of incomplete five wave rally in wave c iii From a larger perspective bearish trend is in view because of ending diagonal on a da...
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Growing Inequality Powers The Rise Of New America
Summary Five years ago I wrote about the problem of rising inequality in America Now it s become big time following Today we review the evidence about the problem its likely effects and the inevitable pushback Contents Description of the problem Effects of rising inequality Pushback For More Information Another ...
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Arch Therapeutics A Promising New Life Science Company
A versatile and talented management team is a very important factor for building a great company especially in the life science sector I think Arch Therapeutics Inc ARTH provides a compelling opportunity for high risk investors to profit from an emerging life science company that has the ability to execute A sto...
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I Am Become Debt Destroyer Of Worlds
Note The following blog post originally appeared on January 25th 2010 I have removed the references to then current market movements and otherwise cut the article down to the interesting bits In this case I have also updated the charts and clarified the text for the additional data we have since then You can read...
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Gold Warns Of Reversal
Talking Points FOMC Announcement in Focus Amid QE Taper Speculation Crude Oil Likely to Fall if Fed Opts to Scale Back Stimulus Effort Gold Technical Positioning Hints at a Possible Reversal Ahead Commodity markets are likely to be singularly focused on today s pivotal FOMC monetary policy announcement On balance ...
BMY
Premarket analyst action healthcare
Intec Pharma NASDAQ NTEC initiated with Buy rating at Ladenburg Thalmann Madrigal Pharmaceuticals NASDAQ MDGL initiated with Outperform rating at Cowen and Company Surmodics NASDAQ SRDX initiated with Buy rating at Needham Celgene NASDAQ CELG downgraded to Hold at SunTrust Price target lowered to 106 11 ups...
JPM
Brexit may force ECB into more policy easing analysts
By Balazs Koranyi FRANKFURT Reuters Britain s decision to leave the EU could force the European Central Bank into providing even more stimulus just when it hoped it was done easing policy after years of extraordinary effort analysts said on Friday Plunging confidence and market turmoil will dent investments and ...
JPM
JPMorgan post Brexit plan hinges on tone of discourse in Europe
By David Henry NEW YORK Reuters JPMorgan Chase Co N JPM is grappling with how much of its business can stay in Britain and a lot will depend on how well European Union and U K politicians appear to be getting along It is still unclear whether JPMorgan the largest U S bank would need to hive off slivers or ...
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Halliburton Q4 adjusted EPS 0 04 vs estimate 0 02
Investing com NYSE Halliburton beat Q4 earnings estimates as revenue fell short Halliburton Monday reported adjusted Q4 EPS of 0 04 on revenues of 4 02 bn Analysts estimated U S oil services firm s adjusted EPA at 0 02 on revenues of 4 06 bn North American Q4 revenues up 9 at 1 8 bn on average increase in U ...
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Halliburton asks workers from banned countries not to travel to U S
Reuters Halliburton NYSE HAL Co has advised workers from the countries named in President Trump s immigration ban not to travel to the U S according to an email from a spokeswoman The U S President on Friday announced a four month hold on allowing refugees into the United States and a temporary ban on travele...
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Halliburton warns of first quarter profit miss as costs rise
Reuters Halliburton Co N HAL the world s No 2 oilfield services provider warned that its first quarter profit would likely miss analysts expectations due to higher costs and weak demand in markets outside North America Shares of the company which forecast higher revenue from its U S land operations were...
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4 Trade Ideas For Halliburton
Here is your Bonus Idea with links to the full Top Ten Halliburton NYSE HAL pulled back with the market in January It found support at the 200 day SMA and consolidated there for 2 months before a move to the upside That fizzled out at a lower high in May and it reversed lower again It eventually found a bottom a...
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Halliburton Put Options Pricey Ahead Of Earnings
Oil name Halliburton Company NYSE HAL is trading up 1 9 at 38 73 today but the shares have been declining since their mid May highs Most recently HAL touched a two year low of 35 75 on Sept 2 More broadly oil stocks are taking a hit this week on oversupply concerns and a sector wide bear note out of J P Mor...
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Top Trade Ideas Week Of November 25 2013 Citigroup
Here is your Bonus Idea Citigroup Ticker CCitigroup C ran higher from July 2012 until starting to consolidate in June 2013 The consolidation in a symmetrical triangle has been going on for 6 months With the bank stocks breaking higher and the support of a rising RSI making new 6 month highs and a MACD that is ...
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STTG Market Recap Social Media Stocks Struggle
A very quiet session Monday as we launch into a holiday week This is no surprise as many institutional traders take this week off The S P 500 fell 0 13 while the NASDAQ gained 0 07 Signed contracts to buy existing homes fell for the fifth straight month in October as the government shutdown added to an overall sl...
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EUR USD Rally Could Slowdown
EUR USD is at new high which means that wave 2 B is still underway with a very slow and complex rally but important is that recovery is remains corrective in nature We see a three wave rally from 1 3293 with wave c underway to 61 8 retracement area where pair could turn bearish An impulsive sell off back to 1 3480...
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Nikkei Close To 6 Year High
The Nikkei has bounced back from the losses of the last two days during trading today November 28th It closed near a new six year high for the index rising 1 8 per cent up to end at 15 727 12 which was its highest closing level since December 2007 The Nikkei is now up 51 per cent for the year after it cancelled o...
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GBP USD Expect Further Gains Towards 1 6450 And 1 65650
GBP USD Daily Chart title GBP USD Daily Chart width 712 height 552 GBP USD 1 6366Short Term Trend uptrendOutlook Here we are right at 1 6386 Fibonacci level Now there is no indication that wave c is over and therefore the immediate pressure remains on the upside And that s why we expect further gai...
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December Sentiment Summary Bullish Extremes
Equities Recent AAII survey readings came in at 47 bulls and 28 bears While this survey is more volatile the others bullish readings have been quite elevated for major of the second half of the year Therefore the AAII bull ratio 4 week moving average has also remained at or near bullish extremes At the same ti...
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History Rhymes Discipline Pays Will Equity Markets Suffer a Setback
There is an important distinction to be made between investing where an individual makes decisions and allocates capital based on a longer term outlook and trading That is fairly self evident but I feel the need to clarify because for the most part my ideas are efforts to identify potentially profitable trading...
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U S Economy Back In The Fast Lane
Better than expected economic indicators on Monday November s M PMI and on Tuesday October s car sales depressed the S P 500 which fell 0 6 over the past two days Investors may be taking some profits on expectations that the Fed might start tapering QE sooner rather than later Is this the beginning of a signif...
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FDA accepts Bristol Myers marketing application for Opdivo Yervoy for intermediate poor risk kidney cancer
The FDA accepts for review Bristol Myers Squibb s NYSE BMY marketing application seeking approval for the combination of Opdivo nivolumab and Yervoy ipilimumab to treat intermediate and poor risk patients with advanced renal cell carcinoma RCC a Breakthrough Therapy indication The agency s action date is Apri...
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Bristol Myers in licenses Ono s cancer candidate ONO 4578
Bristol Myers Squibb NYSE BMY inks an agreement with Osaka Japan based Ono Pharmaceutical securing exclusive rights to develop manufacture and commercialize ONO 4578 worldwide except Japan South Korea Taiwan China and ASEAN countries The companies will partner on development and commercialization in Japan South ...
BMY
TARIS and Bristol Myers team up on novel approach to treat MIBC
Privately held TARIS Biomedical LLC enters into a clinical trial collaboration with Bristol Myers Squibb NYSE BMY to evaluate the safety tolerability and preliminary efficacy of TAR 200 GemRIS and Opdivo nivolumab in a Phase 1b study in patients with muscle invasive bladder cancer MIBC who are scheduled for ra...
BMY
FDA OKs adjuvant use of Bristol Myers Opdivo in melanoma
The FDA approves the use of Bristol Myers Squibb s BMY 0 3 Opdivo nivolumab for the adjuvant treatment of patients with melanoma with involvement of lymph nodes or metastatic disease who have undergone complete resection surgical removal of the tumors and lymph nodes Adjuvant use means that the therapy is deliv...
BMY
Bristol Myers sees 3 billion tax hit in fourth quarter 2017
Reuters Bristol Myers Squibb Co N BMY will record a 3 billion charge in the fourth quarter of 2017 as a result of the U S tax reform law passed last month the drugmaker said in a regulatory filing on Friday The expense is primarily related to taxes on unremitted offshore earnings the company said Bristol sa...
JPM
Yellen makes uncertainty new mantra as market doubts Fed view
By Lindsay Dunsmuir and Ann Saphir WASHINGTON SAN FRANCISCO Reuters The U S Federal Reserve s dwindling confidence in its own outlook and resulting confusion among investors are creating a policy problem that may require chief Janet Yellen to lay out her own views more forcefully The Fed chair s next communicatio...
JPM
JPMorgan says Britain s EU referendum too close to call
LONDON Reuters JPMorgan NYSE JPM researchers said on Tuesday that Britain s referendum on European Union membership in two days was too close to call We will go into the vote without high confidence in predicting the outturn in either direction JPMorgan researcher Malcolm Barr said in a research note to clien...
JPM
Brexit vote outcome to close to call JPMorgan
Investing com JPMorgan NYSE JPM said Tuesday the outcome of the Brexit vote is too close to call We will go into the vote without high confidence in predicting the outturn JPMorgan said Polls point to the outcome of the referendum being in the balance Betting odds on Tuesday indicated a 75 probability of a Rema...
JPM
Sterling hits six month high on last minute boost for Bremain hopes
By Shinichi Saoshiro TOKYO Reuters The pound advanced to a six month high against the dollar on Thursday after the latest polls favored Britain remaining in the European Union just hours before referendum voting was due to open Polls by ComRes conducted for the Daily Mail newspaper and ITV LON ITV televisio...
JPM
Brexit vote is moment of truth for the last remaining bears
By Simon Jessop and Maiya Keidan LONDON Reuters Britain s vote on whether to stay in the EU is high noon for the last remaining bears the few fund managers still brave enough to hold short positions betting that share prices will fall who could get swamped by a rally if Britain votes to stay in Demand to sho...
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Oil prices climb nearly 9 on OPEC agreement
Investing com Oil prices rose by nearly 9 today climbing after the Organization of the Petroleum Exporting Countries OPEC agreed to slash production The price of Brent Oil and West Texas Crude Oil both increased on Wednesday with U S crude futures settling at 49 98 and Brent futures settling at 50 45 OPEC min...
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NYMEX Brent hold gains in Asia on OPEC cut China PMIs help
Investing com Crude oil prices held overnight gains into Asia on Thursday as manufacturing figures out of China lifted regional sentiment on demand by the world s second largest importer On the New York Mercantile Exchange U S crude for January delivery edged up 0 06 to 49 47 a barrel in Asia Brent crude future...
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Halliburton shareholder class action to settle for 100 million
By Nate Raymond Reuters Halliburton Co N HAL on Friday said it had reached a 100 million settlement to resolve a long running securities fraud class action lawsuit against the oilfield services provider that twice reached the U S Supreme Court The deal resolves a lawsuit in federal court in Dallas accusing H...
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Are Investors Too Bullish On Stocks
Just how far has the bullish sentiment of independent investors recovered since the 2009 bottom Pretty far indeed Below is a chart showing the cumulative AAII investor sentiment going back to 2006 As you can see the typical small investor had a mostly bearish outlook on stocks from late 2007 through the end of 200...
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On China s Economy And U S Economic Optimal Control
I have long been a proponent of the intelligent use of quantitative models on this site To illustrate my point I compare and contrast the work of two prominent economists Ed Yardeni and Janet Yellen Both are at the top of their respective professions Yardeni has been a Wall Street forecaster for as long as I can r...
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Silver Technical Analysis More Downwards Momentum
Our last analysis of Silver expected more downwards movement which is exactly what has happened The target was 21 158 So far the price has reached down to 20 588 0 57 below the target I have a new alternate for you this week I have continued looking and finally have found an alternate which has a reasonable proba...
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Elliott Wave Outlook S P Futures Reversed Higher Oil Hit Lows
S P Futures S P Futures reversed nicely higher on Friday from 1737 where we see a completed wave c third leg of a decline from 1773 which was an expanded flat formation As such we think that price is now back in bullish mode that could reach 1780 1800 in the next few days CRUDE OIL Oil is at the lows so obviou...
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GOLD Upwards Movement Followed By New Lows
A new low for Silver in the last 24 hours changes the situation Yesterday s alternate wave count for Silver was confirmed and so I expect Gold should follow I am swapping the main and alternate wave counts for Gold over today I am still expecting a little more upwards movement but this should be followed by new low...
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Will Fed Continue QE To Protect Seat At Power Table
Ongoing QE Tailwind For Stocks Using simple principles of human nature we can conclude the Fed and central banks around the world will continue to print money longer than most market participants believe Therefore a bullish tailwind may remain behind stock prices longer than most market participants believe Why D...
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Citigroup Has A Triangle Upside Breakout
Big move for Citigroup C today as it breaks out of the triangle pattern to the upside Above 51 50 should attract additional buyers as well There continues to be a huge level of support for the stock at the 200 day moving average so that any move below it should be a strong reason to exit any longs that you might...
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The New Abnormal How Long Can This Market Last
I am writing this post as much for me as for you perhaps even moreso Because this week has left me in a bit of a funk Not just a regular Tim funk But a Soul Train level funk So I need to talk things out a bit I know you ll be patient with me For five solid years now the central planners of the world have executed...
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S P 500 Elliott Wave Technical Analysis November 19 2013
Yesterday s analysis expected a fourth wave correction to continue and possibly end at the end of Tuesday s session This is what happened There were several possibilities yesterday for the structure of this fourth wave and the most common flat correction was anticipated This structure did not complete as a flat tho...
BMY
Idera s IMO 2125 shows treatment effect in Phase 1 2 melanoma study shares up 4 premarket
Idera Pharmaceuticals NASDAQ IDRA perks up 4 premarket on modest volume on the heels of its announcement of updated data from a Phase 1 2 clinical trial assess the combination of intratumoral IMO 2125 and Bristol Myers Squibb s NYSE BMY YERVOY ipilimumab in patients with metastatic melanoma who failed to respon...
BMY
Bristol Myers Odivo BMS 986205 shows positive effect in early stage study in advanced cancers
Results from a Phase 1 2a dose escalation and expansion study CA017 003 evaluating the combination of Bristol Myers Squibb s BMY 1 3 Opdivo nivolumab and IDO1 inhibitor BMS 986205 in advanced cancers showed a treatment effect The data will be presented tomorrow November 11 at the SITC Annual Meeting in Natio...
JPM
Slumping autos weigh on U S manufacturing output inflation tame
By Lucia Mutikani WASHINGTON Reuters U S manufacturing output unexpectedly fell in May as motor vehicles and parts production recorded its biggest drop in nearly 2 1 2 years suggesting sustained weakness in the sector even as the overall economy appears to be gaining momentum Other data on Wednesday showed under...
JPM
Fed internal watchdog to study oversight of cybersecurity at banks
WASHINGTON Reuters The Federal Reserve s internal watchdog plans to study how well the central bank is overseeing cybersecurity practices at financial institutions the U S central bank said on Monday The Office of Inspector General OIG at the Fed s Board of Governors plans to release the audit in the fourth qu...
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Halliburton posts surprise profit as expenses fall
By Anet Josline Pinto Reuters Halliburton NYSE HAL Co the world s No 2 oilfield services provider posted a surprise quarterly profit on Wednesday helped by cost cutting and said it expected a rise in oil prices to boost rig counts U S shale oil companies have started putting rigs back to work with crude pr...
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Why Is Halliburton HAL Up 4 5 Since Its Last Earnings Report
It has been about a month since the last earnings report for Halliburton Company NYSE HAL Shares have added about 4 5 in that time frame Will the recent positive trend continue leading up to its next earnings release or is HAL due for a pullback Before we dive into how investors and analysts have reacted as of...
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U S futures slightly higher ahead of data Dow Jones up 0 05
Investing com U S stock futures pointed to a slightly higher open on Monday as investors remained cautious after the announcement of new measures to tackle the euro zone s debt crisis and weak economic reports while markets eyed the release of U S data later in the day Ahead of the open the Dow Jones Industrial ...
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Dollar Recovering After Less Dovish Than Expected FOMC Statement
The dollar recovered overnight while stocks pared recent gains as the FOMC statement released overnight was seen as less dovish than expected by some economists Fed let s rate unchanged at near zero level and maintained the 85b monthly pace of asset purchase as widely expected The central bank acknowledged that fis...
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Economic Depression In Europe Is Getting Deeper
The unemployment rate in the eurozone is higher than it has ever been before This week we learned that eurozone unemployment came in at an all time high of for September Back in January 2012 it was sitting at just 10 4 percent So anyone that believes that things are getting better in Europe is just being delusio...
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Friday s Oil And Gold Analysis
CLCrude oil dropped for a third day trading near a four month low as U S crude stockpiles gained for a sixth week and speculation mounted that the Federal Reserve may reduce financial stimulus Crude lost as much as 0 7 percent heading for a second monthly decline as the dollar strengthened on signs the Fed may cu...
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Global FX Weekly Wrap
EUR USDThe pair finished the week sharply lower after the release of much softer than expected euro zone CPI estimate as well as higher than expected euro zone unemployment rate prompted market participants to speculate of a potential rate cut by the ECB next week Ahead of the next week s ECB rate decision analysts ...
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The Week Ahead Time For A Year End Rally
Two weeks ago I finally got a weekend away last week my WTWA theme was a return to normalcy Less Washington and more market fundamentals This was pretty accurate in the focus on earnings Less accurate was my prediction that good economic news would be good news The market still has a Fed fixation Like others I ...
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Soft November But Wait For The Santa Rally
I have been calling for a short term stock market correction see A time for caution and my view remains unchanged Intermediate term however equities look poised to move higher on cyclical strength Let me explain Short term cautious In the wake of the recent kick the can down the road resolution of the political i...
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GOLD Elliott Wave Technical Analysis November 5 2013
Yesterday s analysis expected downwards movement to a minimum of 1 308 before upwards movement Price moved lower as expected reaching down to 1 305 97 The corrective structure of minute wave b is still incomplete The structure for primary wave 4 cannot be a flat correction because what would be the B wave is well le...
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Apple Analysis Downwadrd Sideways Movement
Last analysis expected downwards and sideways movement on the hourly chart for a fourth wave correction which is what has happened The wave count remains the same I can now calculate a target for this fourth wave to end Click on the charts below to enlarge A large zigzag structure for a fourth wave correction at super...
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FTSE Analysis Further Downwards Movement
Last analysis on 14th October 2013 expected more upwards movement for the start of a third wave The mid term target at 7 406 has not been reached but the structure is still incomplete Click on the charts below to enlarge Within intermediate wave 4 it is possible to see this structure as a completed zigzag The foll...
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Silver Analysis Upward Momentum
Last week s analysis of Silver expected downward movement for a second wave correction which is exactly what has happened With more of this structure now to analyse I can now calculate a target for it to end for you Click on the charts below to enlarge Intermediate wave B is unfolding as a simple zigzag Minor wave ...
BMY
Halozyme out licenses ENHANZE to Roche and Bristol Myers for up to 455M raises guidance shares up 12 premarket
Halozyme NASDAQ HALO is up 12 premarket in response to its announcement that it has out licensed its ENHANZE drug delivery technology to Roche OTCQX RHHBY for exclusive development of an undisclosed therapeutic target Under the terms of the deal HALO will receive 30M upfront up to 160M in milestones and tiered...
BMY
Infinity Pharma and Bristol Myers Squibb add TNBC patients to clinical evaluation of IPI 549 and Opdivo
Infinity Pharmaceuticals INFI 3 5 and Bristol Myers Squibb BMY 0 3 expand their clinical collaboration assessing the combination of IPI 549 and Opdivo nivolumab to include patients with triple negative breast cancer TNBC who have not been previously treated with a PD 1 or PD L1 inhibitor TNBC patients are...
JPM
U S economic outlook brightens on upbeat job inventory data
By Lucia Mutikani WASHINGTON Reuters The number of Americans filing for unemployment benefits unexpectedly fell last week pointing to sustained strength in the labor market despite a sharp slowdown in hiring last month Other data on Thursday showed wholesale inventories recording their biggest increase in 10 mont...
JPM
Two charged in cyberfraud against JPMorgan and others plead not guilty
By Brendan Pierson NEW YORK Reuters Two Israeli citizens pleaded not guilty on Thursday to orchestrating a massive computer hacking and fraud scheme that included an attack against JPMorgan Chase Co NYSE JPM and generated hundreds of millions of dollars of illegal profit Gery Shalon 32 and Ziv Orenstein 41 ...
JPM
U S retail sales point to strong domestic demand
By Lucia Mutikani WASHINGTON Reuters U S retail sales rose strongly in May as Americans bought automobiles and a range of other goods even as they paid more for gasoline suggesting that economic growth was gaining steam despite a sharp slowdown in job creation Other data on Tuesday hinted at a steady build up ...
JPM
Wall Street falls as Brexit vote becomes major fear
By Noel Randewich Reuters Wall Street dropped for a fourth straight session on Tuesday as central bank policymakers weighed the health of the U S economy and investors worried about an upcoming vote in Britain on whether to leave the European Union Investors launched a late day rally but the major indices still e...
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U S crude falls over 1 to below 45 as Halliburton sees rig count pick up
Investing com Oil fell sharply after Halliburton NYSE HAL predicted a rig count pick up U S crude was down 72 cents or 1 58 at 44 71 at 09 30 ET while Brent shed 1 24 to 46 08 We believe the North America market has turned Halliburton CEO Dave Lesar said Lesar predicted a modest uptick in the U S rig ...
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Oil holds on to gains after U S crude stocks draw
Investing com Oil continued higher early Thursday as U S crude stocks fell more than expected in the latest week U S crude was up 12 cents or 0 20 at 45 87 at 06 45 ET while Brent crude added 0 19 to 47 26 Futures rallied from sharp losses Wednesday after U S Energy Information Administration EIA inventor...
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Asia stocks retreat on global growth concerns Nikkei sheds 0 7
Investing com Asian stock markets retreated on Monday as investors turned cautious ahead of a critical European Union summit later in the week while ongoing concerns over faltering global growth further weighed During late Asian trade Hong Kong s Hang Seng Index dipped 0 2 Australia s ASX 200 Index shed 0 5 wh...
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Copper falls to session low after Spain Italy bond sales
Investing com Copper futures fell to the lowest levels of the day during European morning trade on Tuesday after Spain and Italy both saw borrowing costs spike higher at debt auctions earlier in the day On the Comex division of the New York Mercantile Exchange copper futures for September delivery traded at USD3 31...
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Citigroup Downtrend Continues
Long term head and shoulders pattern in place followed by a nice confirmed downtrend as well keeps plenty of downward pressure on the stock going forward 48 seems to be the likely destination Here s the technical analysis
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FX At Week s End EUR USD At 2 Yr Low
EUR USDThe euro briefly reversed gains after an index based on a survey of purchasing managers in the euro area manufacturing and services industry dropped in September The dollar slid to a two year low versus the euro as weaker than forecast economic data and concern that U S growth was hurt by a government shutdown...
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Reading This Week s ETF Tea Leaves
Optimism About Monetary Stimulus If you are relatively new to the markets it is important that you take the time to understand how the Fed impacts asset prices Clients often scratch their heads trying to understand how to match up tepid economic growth and high unemployment with financial markets that seem to keep go...
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Update NYSE Margin Debt Rises To All Time High
VIX rose up to weekly Short term resistance at 14 23 this week before partially correcting the move The VIX had a very important cyclical anniversary last Friday which coincided with its low This appears to be a fulcrum for an unexpected reversal over the next several weeks SPX jammed Cycle Top resistance SPX jamme...
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Dollar Up Against Yen
The yen lost value against the US dollar during trading in Asian markets today October 28th With the Nikkei up by 2 2 per cent to erase some of the 2 8 per cent losses it sustained last Friday the yen was in a weaker position According to a report by the Wall Street Journal analysts have predicted November is goi...
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EUR USD Continues To Consolidate Around Key Level Of 1 38
EUR USD for Tuesday October 29 2013Earlier last week the Euro enjoyed a strong surge higher to move through to its highest level in nearly two years just above 1 38 before spending several days since including early this week content to consolidate around this level It has generally moved well over the last couple o...
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Talking Forex Daily Wrap October 29 2013
EUR USDThe pair finished the session in minor negative territory as market participants positioned for the upcoming FOMC rate decision as well as a slew of other macroeconomic releases In terms of EU related commentary Eurogroup head Dijsselbloem has proposed an adjustment to the stability pact in which a country r...
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Gold Elliott Wave Technical Analysis
Movement below 1 340 90 invalidated yesterday s hourly wave count I have gone back and re analysed this recent upwards movement from 1 251 76 because something else must be happening The wave count at the daily chart level remains mostly the same I have two hourly wave counts for you today which both expect the same ...