XIV: It's Happening Again

XIV: It's Happening Again
By Mike Golembesky, ElliottWaveTrader.net After falling 26% from the July 8th high the XIV has seen a retrace and is now trading 15% up off the August 8th low. The smaller degree wave structure of the move up off that low has been very sloppy and has already provided quite a few twists and turns. This type of action was... Read More

Dueling Technicals on Amazon (AMZN)

Dueling Technicals on Amazon (AMZN)
By Mike Paulenoff, MPTrader.com An analysis of Amazon (AMZN)’s charts on Monday identified a near-term potentially bullish formation juxtaposed against a tricky, potentially dangerous intermediate-term set up. From a near-term perspective, AMZN on its hourly chart appeared to be putting in a “falling wedge”-type pattern (the opposite of a rising wedge), which usually represents a trend-ending formation. In this case, it... Read More

3 High-Yield Stocks Everyone Should Consider Buying

3 High-Yield Stocks Everyone Should Consider Buying
A single high-yield stock that fits every investor’s needs isn’t likely to be found. However, stocks that pay handsome dividends and offer conservative if not spectacular growth have a place in many a portfolio. Three that fit that criteria are tech giant  Intel (NASDAQ: INTC) , global infrastructure king Brookfield Infrastructure Partners (NYSE: BIP) , and real estate investment trust leader... Read More

A Flurry of Economic Data

A Flurry of Economic Data
This morning, two key economic reads hit the tape ahead of the opening bell: the first revision of Q2 GDP and the ADP  ADP private-sector payroll results were both better than expected. GDP hit 3.0% for this second read, up from 2.6% in the initial release and 20 basis points higher than analysts were expecting. ADP jobs posted a big... Read More

The Top 3 Benefits of Investing Early

The Top 3 Benefits of Investing Early
By Peter Hafner, CFP®, CWS® When you are young, time is on your side. But as you grow older, it becomes more precious and you can’t get lost time back. Many Baby Boomers are wishing they had some time back. They would have made different financial decisions. Or so they think anyway. Millennials have time on their side but they also... Read More

Close Update: Stocks Close Higher as Risk Aversion Dissolves; Nasdaq Rallies on Biotechs

Close Update: Stocks Close Higher as Risk Aversion Dissolves; Nasdaq Rallies on Biotechs
Stocks closed higher again on Wednesday as investors rotated out of safe-havens and into equity assets as tensions with North Korea waned and hopes for substantial tax reform was rekindled. The Nasdaq raced to a two-week high on outsized gains in the biotech sector, while the S&P 500 was underpinned by gains in consumer and building supply stocks. The benchmark... Read More

Why H&R Block, Dycom Industries, and Otonomy Slumped Today

Why H&R Block, Dycom Industries, and Otonomy Slumped Today
The stock market climbed higher on Wednesday, with all three major benchmarks advancing. The tech-heavy Nasdaq Composite led the way with gains of more than 1%. Investors shrugged off geopolitical concerns, and focused instead on the strength of the domestic economy. The U.S. Department of Commerce released data that showed better-than-expected economic growth in the second quarter, with gross domestic... Read More