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Putting The Hong Kong Protests In Context

Pro-democracy protesters in Hong Kong have set a Wednesday deadline for a response from the government to meet their demands for reforms, threatening wider actions if Hong Kong's top leader does not meet with them.  Reports are that the protestors were considering various options, including widening the protests, pushing for a labor strike and possibly occupying a government building if the deadline is not met.

The protesters want a reversal of a decision by China's government in August that a pro-Beijing panel will screen all candidates in the territory's first direct elections, scheduled for 2017 — a move they view as reneging on a promise that the chief executive will be chosen through "universal suffrage."

The …

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Admin

Time To Get Back In Russia?

As the old saying goes, 'buy' when stocks are hated and there's blood in the streets but for the Russian market, one might want to sit on their hands before buying the Russian ETF RSX until Mr. Putin becomes more "market friendly".

It would seem Putin’s dream of making Russia one of the world’s five biggest economies by 2020 is now in ruins, according…

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Admin

Talk Of Softbank-4-Dreamworks

Having recommended DWA long earlier this month, I was thrilled to see this headline today.  Now we're beginning to see what Softbank will do with a portion of their profits from the Alibaba ($BABA) investment after their IPO last week.

According to Hollywood Reporter, Japanese conglomerate SoftBank is in talks to acquire DreamWorks Animation in a deal that would value the company at $3.4 billion, according to a source with knowledge of the situation. 

SoftBank has been in the news lately because of its $20 million…

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Admin

China On Margin; Oh My

China traders on margin accounts is a thought both wildly exciting, yet utterly terrifying at the same time.  Even more so in the wake of $10 billion in fraudulent currency trades discovered just last week. 

Chinese markets have had a long standing reputation as being nothing more than unmonitored casinos plagued with corruption and insider trading.  What could possibly go wrong?

According to the WSJ, the Hong Kong and Shanghai…

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Admin

Divergence Continues

Pick any one of 10 difference reasons; does it really matter?

  • Autumnal solstice
  • End of quarter
  • End of fiscal year
  • Rosh Hashanah
  • CALPERS beginning to liquidate hedge fund positions
  • Curreny-related pressures
  • Concern over weak earnings
  • Weaker China growth
  • Russia's asset seizure proposal
  • EU growth concerns
  • China's $10…

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Admin

Global Growth Is Slowing Down

IT HAS been a consistent theme of this blog in recent months that global growth has been slowing, a fact some investors may have missed in the good news about American GDP. The latest confirmation came from the World Trade Organisation, which cut its forecast for trade growth this year from 4.6% to 3.1% and for 2015 from 5.3% to 4%. The WTO doesn't forecast economic growth directly; it takes its lead from other international organisations (Rabo Bank reckons the IMF is set to reduce its growth forecast in the next few weeks).

What is interesting…

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Admin

Rosh Hashanah Trading

The weeks between Rosh Hashanah (which begins tonight at dusk) and Yom Kippur (October 4th) can be volatile ones with some traders taking time away from their desk to be at home with family and lower trading volumes exhibit themselves as a result.

While the old saying goes "never short a dull market", low volume tends to be bullish BUT there could also be a problem if there's no underlying bid, or bids are being lowered on a continual basis.

As of this moment, the September low is being tested; bears hoping to trigger stops below $1979 which would issue a wave of further selling.

It's important to understand the dynamics behind the candles on the screen, where stops lie and how the market has traded historically.  Be nimble or sit it out.

Data…

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Admin

SPX Breadth Is The Problem

Edited 9/24/14 7:40am

Market breadth has deteriorated badly once again. In fact, breadth hasn't been strong for several months (since early July).  Even last Friday, when the market gapped higher on the Alibaba (BABA) mania, breadth was negative — a divergence that proved to be significant so far this week.  Cumulative breadth has been a problem since July.  Were market makers (MM) merely propping up the market until the IPO went off?  Surely a market selloff leading up the launch could risk Alibaba founder Jack Ma to possibly post pone the event; a smear the market wouldn't want to face (not to mention unhappy investors).

I'm…

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Admin

UPS To Expand 3D Printing In Stores

The 3D industry has reported grown by 21% last year alone and according to the 2014 Wholers Report, the worldwide 3D printing industry is now expected to grow from $3.07 billion in revenue in 2013 to $12.8 billion by 2018, and exceed $21 billion in worldwide revenue by 2020.

After testing 3D printing in it's San Diego stores, UPS has decided to expand it's partnership with SSYS to 100 stores nationwide.  California, Florida, New York, Pennsylvania, and Texas are just some of the states set to open stores with 3D-printing capabilities.

3D Systems (DDD) and Stratasys (SSYS) may be the largest 3D printing companies around, but together they only represented about one-third of worldwide 3D printing revenues in…

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Admin

Small Caps

Small caps have been the 800 pound gorilla in the room as the Dow achieved a new all time high.  A stronger dollar would certainly have more of an impact on them of course as they tend not to have the cash reserves of their larger mid-cap and large cap cousins.  Lack of growth in the EU and China certainly do not help matters.

What some pose as a possible double top, could also be a bullish butterfly pattern beginning to emerge.  It's downside target would coincide quite nicely with it's rising 200 week simply moving average.*and* keep it within it's long term channel since the 2009 low…

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