Brief Description About the P/E Ratio The p/e ratio is the price of a share of a stock divided by the earnings per share, so it’s the earnings that the company makes during a year divided by the number of outstanding shares. Once calculated the answer is a multiple. This is one of the best valuation metrics that investors have been able to use to judge whether...
So besides the deteriorating economic data (use PMI not CPI- CPI is what has already happened akin to looking at the rear view mirror in a car. PMI is looking at what IS coming akin to looking through the windshield in a car), what is another signal that a recession is coming? The yield curve and how people would rather hold money in the short term rather than the...
Aiming to support employment growth and to provide economic support RBA cut its cash rate by 25 bps to a low of 1% at the july meeting. The Australian economy grew below trend at 1.8% this was followed by low consumption and income growth. while increased investments in infrastructure is providing a pick up in activity in the resources sector. a pickup in...
Risk to Reward ratio is too good up here
Despite the market chatter of rate cuts by the Fed at the end of July, it seems that one area of the market that is not paying much attention are US 10-Year Treasuries ($IEF as a proxy). After posting an "Evening Star" pattern on July 3rd, US Treasuries have been selling off since. As can be seen in the attached chart, the RSI has been showing negative divergence...
This is the non video version of this idea: TLDR: SP500 will hit 3045 and while it could reject here, it looks quite bullish and 3307 is worth betting on. The rising wedge will break and we could see a December style dip around late April, early May 2020. Getting to 3300 could be a slow melt up over the next few months, with a total break down in trade...
One area investors and traders should take a look at is the Aerospace and Defense industry ($XAR as proxy), which is currently the best performing industry year-to-date (as of July 5th), generating 28.59%. On a technical basis, $XAR is trading above all three EMAs, indicating strong price action at the moment. Further, its RSI as been steadily trending higher...
Targets set for Month CAM R3 and R4. $IEF $TLT $GLD $SLV $SPY $VXX
Sell 22.8 for XGB the long Canadian bond ETF. I would hold on the interim and rake the dividend. Canada is going to drop rates to zero, if Canada doesn't its dollar will get too expensive. 0.50$ upside left. Enjoy the easy dunks.
Looks like a big reversal is in store after volume peaks out at resistance and Year Camarilla R4. $TLT $IEF $VXX $SPY $GLD $SLV $GDX $EURUSD $ZB_F $ZN_F
TNX has been trading within a 1M Channel Down since 2000 up until January 2018 when it broke the pattern upwards. The mini uptrend found Resistance on the MA200 and has been declining for the past 7 months. We are currently on the most support tests of all, as it has touched the 2000 Channel's Lower High trend line and will test it as a Support for the first time....
after breaking a 30 yrs bear trend line, the price went to 3 dollar zone resistance of 2014 and retraced to retest our 30 yrs trend line{bear} ...the price might stall for a while maybe six months but is on a great buy zone ,before the next bull run to 5.3 zone before an possible retracement .