Domestic Chinese ferro-chrome prices have risen in line with July tender prices from leading stainless steel mills. Spot domestic ferro-chrome prices rise in China Chrome ore, charge chrome import prices slideJapanese alloy prices edge upFerro-chrome prices rise in Europe Alloy markets flat in South Korea, United StatesChinese spot domestic ferro-chrome prices rose 4% in the week to Friday June 29...Read More
It was another day of whipsaw trading for the DowThe Dow explored a 294-point range on both sides of breakeven during today's abbreviated session, as an early rally evaporated by the time the closing bell sounded. After tech sector gains helped pull the major benchmarks into the green yesterday, sharp losses for chipmakers and FAANG stocks created pressure today. Looking ahead, the U.S. stock mark...Read More
Vanadium prices resumed their rally in earnest last week after buyers paid higher prices to secure scarce units, with no signs of change to the persistent tight supply situation. Chinese export prices jump with spot units in limited supply amid persistent foreign inquiries European ferro-vanadium prices surge in the second half of the week after sellers hold firm with their offers Thin spot supply...Read More
eBay will offer exclusive deals just a day after Amazon's Prime DayStocks have pared most of their gains, but remain modestly higher ahead of today's early close. Three stocks makingnoteworthy moves are e-commerce concern eBay Inc (NASDAQ:EBAY), lighting expert Acuity Brands, Inc. (NYSE:AYI), and drugmaker Epizyme Inc (NASDAQ:EPZM). Below, we will take a closer look at howshares of EBAY, AYI, an...Read More
EXAS recently pulled back to a trendline that's had historically bullish implicationsShares of cancer screening specialist EXACT Sciences Corporation (NASDAQ:EXAS) are climbing today, up 3% to trade at $62.16 at last check.This is a good sign for the stock, which had pulled back following its ascent to record highs in mid-June. And EXAS could be headed even higher in the near term, if history is a...Read More
The brokerage firm cited risk over a potential trade war with ChinaIt's a busy time for travel. While several leisure stocks tend to outperform in July, Deutsche Bank sees turbulence ahead for American Airlines Group Inc (NASDAQ:AAL), Delta Air Lines, Inc. (NYSE:DAL), and United Continental Holdings Inc (NYSE:UAL), downgrading the trio of airline names to "hold" from "buy," while citing risks surr...Read More
Now also seems to be an affordable time to purchase EW optionsArtificial heart valve maker Edwards Lifesciences Corp (NYSE:EW) has been asurging up the charts following its late-October test of the century level. And according to Schaeffer's Senior Quantitative Analyst Rocky White, more upside may be in the cards for the medical technology name, as it has been one of the best stocks to own in the...Read More
More bullish brokerage notes could come down the pike Roku Inc (NASDAQ:ROKU) stock is up 4.1% to trade at $45.07, after Oppenheimer upgraded the streaming name to "outperform" from "perform," while setting a $50 price target. The analyst in coverage believes the company's new Roku Channel feature will boost video advertising revenue. Oppenheimer's price target sits in territory Roku stock has no...Read More
Short-term ALB options appear attractive, tooMining stock Albemarle Corporation (NYSE:ALB) is trading up 2.9% today at $96.23 thanks to an upgrade at Goldman Sachs. The firm lifted its opinion on ALB shares to "buy" from "neutral," saying the sell-off in the lithium market was overdone,providing an attractive entry point to go long on the equity. This matches the general opinion on the Street, whe...Read More
Gold and silver have been getting crushed recently along with emerging market stocks. Gold’s daily RSI (a contrarian indicator) is the most oversold its been since late-2016.RSI is a relatively useful short term indicator for gold. Golds tends to make a short term bounce when it gets as oversold as it is right now.Here’s what happens next to gold when its daily RSI falls below 23 for t...Read More
Netflix stock has more than doubled over the past 12 monthsShares of Netflix, Inc. (NASDAQ:NFLX) are up 0.6%in pre-market trading, after Cowen and Company hiked its price target to $430 from $375 on the streaming service -- nearly 8% upside to last night's close of $398.18. Analyst John Blackledge said he sees a strong second quarter from the FAANG stock, expecting the company's growing catalog o...Read More
Please Note: US markets are closed tomorrow for Independence Day. CloseGain/LossGold $1252.90+$12.70Silver$16.01+$0.16XAU82.87+2.17%HUI177.08+2.07%GDM626.20+1.68%JSE Gold1072.39+12.19USD94.57-0.42Euro116.64+0.42Yen90.55+0.28Oil$74.14+$0.2010-Year2.829%-0.035T-Bond145.4375+0.6875Dow24174.82-0.54%Nasdaq7502.67-0.86%S&P2713.22-0.49% The Metals: Gold chopped near unchanged in Asia, but it the...Read More
Via GEFIRA,The new Italian government will increase public spending and public debt.It promised to reduce taxes, introduce basic security and reform pensions. Italy's Northern League's leader Mateo Salvini surged in the polls and the party is now the strongest in Italy.A couple of years ago it was inconceivable that this regional group could become Italy's leading political party. We should exp...Read More
Gold needs to trade over $1236 for the whole day to prevent a crash. Silver needs to trade over $15.60 to prevent a sell off. Copper needs to trade over $2.91 to prevent a sell off. Crude oil will zoom if it manages to break and trade over $75.20. Trading volumes in the USA session will reduce. Financial markets will not sleep. Volatility will remain on the higher side. Economics & Trump trade...Read More
Jack Chan's updated charts for the precious metals markets include a look at how the Canadian dollar relates to gold and silver prices.Our proprietary cycle indicator is down. The gold sector is on a long-term buy signal. Long-term signals can last for months and years and are more suitable for investors holding for long term.The gold sector is on a short-term sell signal. Short-term signals can l...Read More
The stock market will close early today ahead of the Fourth of July holidayStocks are eyeing a strong open to today's abbreviated session, with U.S. markets set to close at 1 p.m. ET in advance of the July 4 holiday. Dow Jones Industrial Average (DJI) futures are trading 137 points above fair value, and S&P 500 Index (SPX) and Nasdaq-100 (NDX) futures are higher, too, as tech stocks look set to ex...Read More
Shorts have been creating a steady stream of selling pressure on the beverage stock Beer maker Molson Coors Brewing Co (NYSE:TAP) has had a tough time on the charts, with the shares down roughly 21% year-over-year. Plus, a recent rally off the stock's May 4 multi-year low was swiftly contained in the $68-$70 region -- home to its pre-bear gap levels from early May and its 100-day moving average. W...Read More
June tends to be the worst month of the year for this international ETFIt's been rough sledding for overseas markets of late, thanks in no small part to a backdrop of steadily escalating rhetoric between the U.S. and its major trade partners. This global weakness is a trend that we've highlighted in this space recently (via the Chinese large-cap tracker ASHR), and it's one we've capitalized on via...Read More
In recentdays, oil bulls have accustomed us to fresh peaks. However, when we look moreclosely at the volume, their actions lose some of the glow. When we add the picture,which emerges from the relationship between crude oil and precious metals,doubts about the strength of the rally are getting even bigger. Is it possiblethat this interesting link tells us more about the future of black gold? Let&r...Read More
Silver is running out of time and space (onthe chart) to decide where it will go over the next months and years. Thesimilarity of conditions to the early 80s suggests that silver could go into a multi-yearbear market or continue its bull market: On the chart, I have marked two patterns1 to 5, to show how the current period is similar to the period circa 1983.If the comparison to the 1980s pattern...Read More