Tag Archives: Stock market

by | February 16, 2016 · 7:35 pm

Is it time for the precious metals now

As you may know, there has been a brutal start of the year 2016. Equities has plummeted and the volcano have hit the bank stocks hard. All in all, we can see the stock market is down while the precious metal is up.

gold

Bank stocks bounced back on friday and they remain in green so far on Tuesday. Good for stocks, but not for the precious metals. A sell-off will keep the gold in a bearish trend and it is time to be cautious in the commodity market again.

In my technical analysis, the stock market is oversold while gold is heavily overbought, which means gold will continue within its long-term bearish trend. That being said, gold is trading below the upper bound of the trend channel, so we are not far away from the bull.

Technical momentum is signaling a momentum shift and for all I know, it can go way below 1000. The sell-off today is a profit taking from a strong gain last week that saw gold prices hit a 12-month high at $1,260.

Investors fear a slowdown in China, a volatile oil price and most of all; negative interest rate. The tide have changed. Increased risk appetite leads to a declining gold price, and Asian markets rallied on Tuesday. So did the European markets.

It`s not a bad start for the U.S stock markets on Tuesday either. The day after the Presidents Day long weekend is up (13.30 pm New York). Gold can consolidate around $1,210, but if it breaks the support level of $1,180 an ounce, it would negate the rally. The fear in the market is probably overdone. We are not in a recession, and if we should fear something, it should be the fear itself.

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Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

 

 

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by | September 8, 2014 · 3:06 pm

Market update

The bullish sentiment is extreme at the moment. Take a look at S&P 500, which is above 2,000, trading at 2,007,71. Up +0,50%. Nasdaq is up +0,45%, trading at 4,582,90. DJIA is up +0,40%, trading at 17,137,36.

nasdaq logo

Europe is in a red territory today. Dax is down -0,17%, trading at 9,730,38. CAC 40 is down -0,38%, trading at 4,469,61. FTSE 100 is down -0,97%, trading at 6,788,70, and Stoxx 50 is down -0,46%, trading at 3,260,30.

Many are bullish on gold, but keep in mind that gold is still in a bearish territory, despite the higher lows in the chart since the end of last year. I watch gold every day, and I`m looking for 1,250 – 1,270 area. In the same time, I`m looking for 1,000. It can drop down below 1,000 too.

Crude oil (brent) is trading at 100,25, down -0,57%. Silver is down below 20,00, trading at 19,23, but this precious metal is trading up today +0,39%. Another precious metal that is following silver is the copper, which is up 0,88%, trading at 319,75.

It`s interesting to watch the dollar right now. The U.S dollar index which hit another 13-month high overnight are making big moves. I follow the U.S dollar daily, because the dollar can threat the gold. Maybe the dollar is the safe heaven, and not the gold? That`s why it is important to follow those two combined.

One of the main reasons why the dollar is moving so fast now, is all the action in the EU. What happens in EU will affect the pair EUR/USD. I think that Mario Draghi will be very important for the daytraders in the future.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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by | September 26, 2013 · 11:43 am

The next HOT stocks

When Facebook (fb) went to the stock exchange may 17 last year it plummet and had a huge problem from day one. In june this year, the stock was worth only $24 a share. Since june fb has skyrocket! Right now the stock is just below $50. What a bull! A shiny bull!

It`s not the only ecommerce stock with great success. What about Google, and what about Apple? I love them both. You already know their success story, but is there more to come? Yes, it is. I will keep an eye on two stock right now. Twitter and Alibaba is the next big thing.

Alibaba is a huge company from China with great success with their ecommerce business. The Alibaba IPO will be a much much larger deal than Twitter. The market value of the Twitter IPO is expected to be around $15 billion, while Alibaba is expectet to be around $100 billion. The Facebook deal was estimated to be $104 billion.

Alibaba include Tmall.com and Taobao Marketplace, and their profit in the first quarter this year rised to $668,7 million. Last year the number was $220,5 million in the same periode. They increased their quarterly revenue by 72 percent which is $1,38 billion.

Alibaba will help Yahoo too. The valuation of $100 billion in Alibaba should be a great deal for Yahoo (YHOO) who have a nice 24% stake in the ecommerce giant Alibaba. But relax. It`s too early to even think about buying IPO stocks now, because it`s just in an early prosess.

It`s not gonna be this year. If so, it will be at the end of 2013. Probably early next year, because Alibaba is trying to avoid certain regulations. Hong Kong Exchange does not allow Jack Ma (founder and the executive chairman of Alibaba.) to have dual shareholder voting classes, but NYSE does. In addition, they have not yet selected lead bankers, nor an exchange.

Dual-class and related share structures are permitted in the United States and on NYSE, but not in China and on the Hong Kong exchange. Both Google and Facebook have dual-class listings. It gives the owners of the company greater say on how the company is driven.

If Alibaba chose New York, it will be a setback for the Hong Kong Exchange, which is ranked as the worlds largest market for IPO from 2009 to 2011. Twitter and Alibaba is two secrets I will look for now.

This is stocks you need to follow in the future, because most of the stocks in the US is too high now. Investors will not earn much the next years, but they will not lose much eighter, and the market will probably go sideways for years to come. That`s why I say stockpicking is very important now. News to follow today: Unemployment Claims & Final GDP at 8:30am, Pending Home Sales at 10:00am.

European markets, commodities and the overseas market is the markets I will follow the next years to come. It`s much better to be in those markets than ending up beeing wiped out in a huge correction. I don`t think it is a vicios bear market in the US, but it`s not a bull market either. Look for the right quality stocks! Take a look at the Facebook (fb) stock below.

What a nice bull! A shiny bull!

A nice rally in Facebook

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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