Uranium

Tech Talk for Tuesday December 3rd 2019

Pre-opening Comments for Tuesday December 3rd U.S. equity index futures were lower this morning. S&P 500 futures were down 22 points in pre-opening trade. Index futures responded to comments by President Trump that a U.S./China trade deal may not be finalized until after 2020. Gold responded to Tru ...

Tech Talk for Tuesday November 5th 2019

  StockTwits released yesterday @EquityClock Dow Jones Industrial Average $INDU is scheduled to open above its all-time high at 27,369.68 Walgreen Boots $WBA, a Dow Jones Industrial stock moved above $58.10 extending an intermediate uptrend Emerson Electric $EMR, an S&P 100 stock moved above $72 ...

Tech Talk for Friday July 26th 2019

  S&P 500 quarterly reports to date After 185 reports released to date, earnings on a year-over-year basis have dropped 3.49%, a loss that is significantly greater than expected. Following is a link to a Market Watch article giving more information https://www.marketwatch.com/story/sp-500-earnings ...

Oil Mixed After EIA Report Shows Large Drawdown

Oil fell on Wednesday after the release of the Energy Information Administration (EIA) weekly crude inventories report showed a larger drawdown than anticipated at 3.1 million barrels of crude, a surprise buildup of 3.6 million barrels of gasoline and a larger than expected buildup of distillates a ...

USD/CAD Canadian Dollar Lower After US Retail Sales Puts Multiple Fed Rate Cuts in Question

The Canadian dollar was trading lower against the greenback on Tuesday after a surprise jump in retail sales data could give some breathing room to the Fed. The US central bank has been telegraphing an interest rate cut at the end of the month but improving fundamental indicators could make the ove ...

US OPEN – JP Morgan disappoints, USD firmer, Commodities steady, Bitcoin down

Global equities continue to maintain a cautious tone ahead of key earnings results from the banks that will paint a clearer picture of how of the strength of the US consumer. So far Citigroup and JP Morgan noted that the US consumer is healthy. US futures are little changed as European stocks trade ...

Cameco - Can this Dog Bark?

Cameco (CCJ) has been in the doldrums for years. As the big dog in the Uranium Miners dog park, the chart keeps tempting us, but it has been a swing trade only. While that is the method for investing in commodity-related stocks, Cameco really hasn't barked out a big win in a while.  A few yea ...

Oil rises on Iran’s new nuclear threats

Oil prices firmed on Monday on tensions over Iran’s nuclear program but gains were capped by concerns about global economic growth and consequently oil demand. Brent crude futures rose 29 cents, 0.5%, to $64.52 a barrel. U.S. West Texas Intermediate (WTI) crude futures rose 40 cents, or 0.7%, to ...

Soft start to trading week; Greece elections, Erdogan fires CB head, Deutsche Bank restart, oil struggles, gold higher

Global equities are quietly softer across the board on softer than expected German data, follow through on Friday’s falling Fed rate cut blues, and a plethora or regional stories that added to the risk-off tone.  Deutsche Bank’s mixed review on their radical overhaul, Erdogan’s sacking of hi ...

Asia Open – Soft open on lower easing bets, Greece, Lira, Oil, Gold, Bitcoin

Asian equities are poised to open lower following Friday’s selloff that stemmed from a robust employment report that did no favors in fueling rate cut bets for the Fed.  Markets remain convinced the Fed will cut rates at the end of the month, but the strong labor market have many questioning whe ...