IPO day has finally arrived for the Chinese e-commerce giant Alibaba Group Holding. Alibaba Group Holding will trade on the NYSE using the symbol BABA. Alibaba's IPO debut has become a hot debate for the market. The demand for its shares has risen so much so that the bankers had to stop taking orders in some places recently.
That leads us to our poll question today....
Loading ...As always, we would love to hear what you thing about Alibaba Group Holding (NYSE:BABA).
Every Success,
Jeremy
If you follow our blog, then you are definitely familiar with trader Larry Levin, President of Trading Advantage LLC. We have gotten such a great response from some of his past posts that he has agreed to share one more of his favorite trading tips as a special treat to our viewers. Determining the direction of the market can be tricky and just plain confusing at times, but Larry’s expert opinion keeps it simple.
If you like this article, Larry’s also agreed to give you free access to his Weekly Trading Tip.
Let me introduce you to one simple technique I've used to pick intraday market direction with 80% accuracy.
Would you like to know if a particular trade has an 80% probability of working? Would you like to know exactly where to enter that trade, and where to exit? Would you like to trade this technique with a 2 point stop loss or less? Continue reading "How to Pick Intraday Market Direction – The 80% Rule"
The Federal Reserve signaled Wednesday that it plans to keep a key interest rate at a record low for a considerable period because a broad range of U.S. economic measures remain subpar.
The Fed said it planned to keep its benchmark rate near zero as long as inflation remains under control, until it sees consistent gains in wage growth, long-term unemployment and other gauges of the job market.
The central bank retained language signaling its plans to keep short-term rates low "for a considerable time" after it ends its monthly bond purchases after its next meeting in October.
Stock prices rose after the Fed issued its statement at 2 p.m. Eastern time. Traders appeared pleased that the Fed seems in no hurry to raise rates. Continue reading "Fed Signals It Plans To Keep Key Interest Rate At Record Low"
As I was perusing my morning news feed, I came across an appalling amount of headlines about the ever-dreaded 'correction.' While there is value in some of these articles, the majority provide no unique insight.
Here's how one should think about a possible correction: How do I spot a correction? How do I protect against losing my shirt in a downturn? And how do I properly implement any suggested strategy?
First Question: How does one even know if a correction is coming? Continue reading "Run Your Portfolio Like A Hedge Fund Manager"
Using the standard weekly currency chart we followed along for months as the Euro found resistance at the long-term downtrend line as expected, the commodity currencies long ago lost major support and non-confirmed the commodity complex and the US dollar moved from a hold of critical support, to a trend line breakout, to its current impulsive and over bought status. It is time now for a closer look at Uncle Buck since this reserve currency is key to so many asset markets the world over.
As the charts below show, USD is over bought on both daily and weekly time frames. But the monthly is interesting because its big picture view is that of a basing/bottoming pattern, and it is bullish. That is a long-term director, so regardless of what happens in the short-term, a process of unwinding the hyper-inflationist ‘Dollar Collapse’ cult is ongoing. Signs point to disinflation toward deflation.
We’ll start with a daily chart and then ascend right through the weekly and then the monthly to take the pulse of USD.
As noted, the daily chart below is very over bought. It is currently consolidating the big jerk upward that has come against Euro-negative policy from the ECB and an increasing drum beat about an eventual rise in the Fed Funds rate in the US. People are finally catching on to the fact that the US economy has been strengthening since early 2013 and that the Fed is looking out of touch holding ZIRP despite this strength.
So the dollar is getting bid up. The question the chart asks is whether the current consolidation will work-off of another over bought situation, or is a prelude to a reversal? The answer is going to be key to the bounce potential in many asset markets, but especially commodities, which are generally tanking and precious metals, with gold eventually due to firm after it finishes its bear market and its fundamentals come in line.
You will recognize the weekly chart as it is the top panel of our long-running multi-currency chart. RSI has been added to this view to show the over bought level. Note that the weekly has joined the daily in over bought status on this most recent drive, whereas it was merely healthy – and not over bought – the last time the daily registered an over bought reading in July. Continue reading "A Closer Look at the US Dollar"
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