4 March, 2016 by The TZ Newswire Staff Comments Off on Week in Review – SPY Nearing IT BUY Signal
Week in Review – SPY Nearing IT BUY Signal
No changes on the DecisionPoint Scoreboards, however many of these indexes are nearing Intermediate-Term Trend Model BUY signals. Speaking of ITTM BUY Signals, there were three new ones on the DecisionPoint Market/Sector Summary.
The purpose of the DecisionPoint Alert Daily Update is to quickly review the day’s action, internal condition, and Trend Model status of the broad
4 March, 2016 by The TZ Newswire Staff Comments Off on Chuck Jaffe: Investors would be wise to use caution in this gold rush
Chuck Jaffe: Investors would be wise to use caution in this gold rush
BlackRock’s $8 billion iShares Gold Trust ran out of shares as worried investors piled in, writes Chuck Jaffe.
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4 March, 2016 by The TZ Newswire Staff Comments Off on Offshore Oil & Gas Stocks Gain Big on Seadrill’s Potential Bailout (SDRL, RIG, ESV, NE, TDW)
Offshore Oil & Gas Stocks Gain Big on Seadrill’s Potential Bailout (SDRL, RIG, ESV, NE, TDW)
Seadrill was the ship that towed everyone else to big gains today, even if it was something that only effected Seadrill long term.
4 March, 2016 by The TZ Newswire Staff Comments Off on ForexLive Americas FX news wrap: Jobs grow, not wages
ForexLive Americas FX news wrap: Jobs grow, not wages
Forex news for New York trading on March 4, 2016
Markets:
– S&P 500 up 6.59 points to 1999.99
– Gold down $5 to $1259
– US 10-year yields up 4 bps to 1.87%
Nonfarm payrolls Friday often disappoints but not this month. The divergence between strong jobs growth and soft wage numbers first led to a US dollar rally and then a total reversal.
4 March, 2016 by The TZ Newswire Staff Comments Off on "There Is No Clear Way Out" – Richard Koo Says "The Price For QE Has Yet To Be Paid"
"There Is No Clear Way Out" – Richard Koo Says "The Price For QE Has Yet To Be Paid"
In his latest note tited “The Calm before The Storm”, Nomura’s traditionally downcast Richard Koo is not too excited about the market’s future prospects, in fact quite the opposite and makes the point that since QE was no game changer, not only is there no clear way out, but “the price for QE has yet to be paid.”
What does that mean for risk assets:
4 March, 2016 by The TZ Newswire Staff Comments Off on China sets growth target range 6.5% – 7.0% for 2016 – NDRC
China sets growth target range 6.5% – 7.0% for 2016 – NDRC
Weibo has the draft of China’s 15th 5 year plan
– GDP range 2016 6.5% – 7.0%
– Will aim to keep 2016-2020 GDP at least 6.5%
– Aims to maintain medium to high speed growth 2016-2020
There’s comments from Chinese Premier Li alongside all this but it’s just the usual , keep yuan stable, continue reforms blah blah blah.
4 March, 2016 by The TZ Newswire Staff Comments Off on Seadrill Ltd. Soars and H&R Block Sinks as Stocks Rise
Seadrill Ltd. Soars and H&R Block Sinks as Stocks Rise
Indexes today finished their second straight week of strong gains.