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Squawk / 25 minutes agoConcerning gold stocks and the GDX:arcx in particular it has had quite a run lately, to say the least. It is a rocket! If this run is the launch of something big, which it could be, it should be able to sustain into February 16 and ideally be able to make it into the $20. Hopefully we'll see a breather from there and an orderly pullback...I was looking for a low in early March, that scenario isn't going to play out.
Squawk / 36 minutes agoLooking at the cycle hit on the XLE:arcx (Energy stocks ETF) we had back in January I have come to the conclusion that this is in best case a wave four consolidation, and even though this leg could very well have legs to at least withstand more bearish pressure for quite a while the real buying opportunity from a longer term perspective isn't present just yet.
Squawk / Yesterday at 22:20 GMTWeekly Trading Forecasts on Major Pairs (February 15 - 19, 2016)
Here’s the market outlook for the week:
Dominant bias: Bullish
EURUSD moved upwards by 230 pips last week, topping at the resistance line of 1.1350, before the current bearish correction. From that resistance line, price got corrected by 100 pips while the bias on the market remains bullish. There is a need for price to go above that resistance line this week, aiming for other resistance lines at 1.1400 and 1.1450. Otherwise, bears might overcome bulls and manage to push price further south.
Dominant bias: Bearish
This pair has proven to be one of the strongest trending among the majors. Price dropped by roughly 260 pips last week, moving briefly below the support level at 0.9700. Then price turned upwards, making a shallow bullish effort.
Trade view / Friday at 16:09 GMTMedium term
UPDATE: Closing Facebook Covered Call before expirationWith a week to go in this covered call position we will close it (buy back February 16 100 call at $4.65 and sell Facebook shares). This would get us just above breakeven point of $98.37. We decided against another roll of call options, largely due to the market volatility. Sometimes, it's better to take a small profit or a small loss in order to reduce the risk in the market.Read the Trade View
Trade view / Friday at 15:49 GMTStrategic trade
#SaxoStrats: Fuji Heavy Industries' valuation is insanely cheapTop line growth is close to 10% y/y with margins expanding on the backdrop of a weaker JPY (if not in recent weeks). Cash flow generation is the highest ever (see chart) signaling strong underlying fundamentals. The valuation of the company is extremely low with EV/EBITDA at 3x which is out of touch with fundamentals.Read the Trade View
Saxo TV / Friday at 15:39 GMT
Pope: Where I'm putting my money.... and whenStephen PopeTrader Stephen Pope reflects on a turbulent week on the markets and tells us where he's going to put his money next.
Article / Friday at 15:22 GMT
Alpha Picks: Adding Moody's to our list of stock picksWe have added shares in US rating agency Moody's to our Alpha Picks list as the stock looks attractive at near 52-week lows. This week we also highlight four of our earlier picks.Read the article
Trade view / Friday at 15:18 GMTStrategic trade
#SaxoStrats: Amazon enjoys high growth and rising earning powerShares in the global online retailer Amazon are down 28% from their December peak because Q4 earnings failed to lift sentiment enough to offset the risk-off mood in global equities. We see the current price level as a very attractive entry point.Read the Trade View
Calendar event / Friday at 15:00 GMT
US Manufacturing & Trade: Inventories & SalespreviousforecastactualLow Total Inventories-0.2%+0.1%+0.1%
Calendar event / Friday at 15:00 GMT
US University of Michigan Survey of Consumers - preliminarypreviousforecastactualHigh Mid-Mo Sentiment93.391.890.7Med Mid-Mo Current Idx105.1105.8Med Mid-Mo Expectations85.781