Day: July 19, 2020

Weekly S&P 500 ChartStorm – ‘What If’
Stock News

Weekly S&P 500 ChartStorm – ‘What If’

Those that follow my personal account on Twitter will be familiar with my weekly S&P 500 #ChartStorm in which I pick out 10 charts on the S&P 500 to tweet. Typically I'll pick a couple of themes to explore with the charts, but sometimes it's just a selection of charts that will add to your perspective and help inform your own view - whether its bearish, bullish, or something else! The purpose of this note is to add some extra context and color. It's worth noting that the aim of the #ChartStorm isn't necessarily to arrive at a certain view but to highlight charts and themes worth paying attention to. But inevitably if you keep an eye on the charts they tend to help tell the story, as you will see below. So here's another S&P 500 #ChartStorm write-up!! 1. Strictly speaking the S&...
The Margin: The ‘best’ Trump interview yet? Fox News host Chris Wallace cheered — and also blasted — for his grilling of the president
Stock News

The Margin: The ‘best’ Trump interview yet? Fox News host Chris Wallace cheered — and also blasted — for his grilling of the president

President Trump is no fan of Fox News host Chris Wallace, having called him a “wannabe” who is “nasty and obnoxious” and “will never be his father,” the legendary Mike Wallace of CBS News. This latest interview isn’t helping. The two faced off on “Fox News Sunday” over the recent surge in coronavirus cases, mask wearing, tearing down statues and, of course, Joe Biden. In one particularly odd moment, they tangled over the president’s cognitive test. Trump recently boasted that he “aced” such a test. “They said, ‘That’s an unbelievable thing. Rarely does anybody do what you just did,’ ” Trump told Fox News last week. “But [Biden] should take that same test.” Wallace, making the point that “it’s not the hardest test,” highlighted one of the questions, which asks the test taker to identi...
The Moneyist: ‘I’m astounded that I have NOT received my payment’: When will I receive my stimulus check?
Stock News

The Moneyist: ‘I’m astounded that I have NOT received my payment’: When will I receive my stimulus check?

Dear Moneyist, I am one of the many Americans waiting on a stimulus check. I’m astounded that I have not received my payment, especially as I qualified, according to all IRS requirements. I just found out that my parents claimed me as a dependent. As soon as I found this out, I filed my 2019 tax return. However, I fear it’s too late for me to receive my $1,200 stimulus check. Is it too late? The tax return deadline for 2019 was extended to July 15, so I assume there are many people like me who don’t qualify based on their 2018 return, but do qualify on the 2019 return. When will I receive my stimulus check? Confused son Dispatches from a pandemic: Letter from New York: ‘New Yorkers wear colorful homemade masks, while nurses wear garbage bags’ Dear Son, Your stimulus payment is an ...
Institutional Investors Are Turning Their Attention to Decentralized Finance
Crypto News

Institutional Investors Are Turning Their Attention to Decentralized Finance

The decentralized finance sector has been steadily growing and has begun to see the fruits of its labor. But while there is much hype surrounding DeFi projects and applications, particularly during Bitcoin’s (BTC) uncharacteristic lack of volatility, there is still a long way to go.  The technology is still in its early stages, yet even as issues of usability, scalability, interoperability and lack of regulatory clarity continue to exasperate the space, the promise of DeFi is undeniable, and its value is impossible to ignore. DeFi’s unstoppable growth in 2020 Thus far, 2020 hasn’t been the best of years for many, but DeFi has certainly come into its own by expanding exponentially. It passed a key milestone in February when the cumulative value of tokens locked in DeFi applications re...
Revamped SAA could be run independently, says Gordhan
Stock News

Revamped SAA could be run independently, says Gordhan

South Africa is considering an independent board for its ailing national airline, with a shareholder structure similar to that of part state-owned telecoms firm Telkom, a senior government minister told the local eNCA news channel on Sunday. Debt-ridden South African Airways (SAA) has been in a form of bankruptcy protection since December. Its creditors approved a rescue plan last week that involves scaling down its fleet, shedding thousands of jobs and a commitment of over R10 billion from the government. “Telkom is an interesting model that we could actually look at as we go forward,” Public Enterprises Minister Pravin Gordhan said, adding that the new SAA cannot be run by a “bunch of amateurs”. He did not specify if the revamped airline will be a listed entity. Telkom SA, among ...
Hard currency: One Washington city prints its own money on wood – CBS News
Currencies

Hard currency: One Washington city prints its own money on wood – CBS News

Like a lot of small towns, Tenino, Washington, was hit hard economically by the COVID shutdown. Residents like Laurie Mahlenbrei, an out-of-work schoolbus driver, have been struggling. "It's been really difficult," she said. "I mean, I've been washing windows, scrubbing floors, cutting down trees, mowing lawns, whatever I can for a buck." But there's something unusual going on in this town of 1,800 people. The city government of Tenino is doing what it can to help folks like Mahlenbrei, not with a check, or even a debit card, but with – believe it or not – a pile of wood. "Every once in a while I run into a cashier that hasn't taken it before," said Mahlenbrei. "But it's just a blast, you know? I mean, I'm paying for food with something historical, you know?" That's right: the town is p...
Weekly Preview: Stocks To Watch (AMZN, BIIB, INTC, MSFT, TSLA)
Stock News

Weekly Preview: Stocks To Watch (AMZN, BIIB, INTC, MSFT, TSLA)

The second quarter earnings season kicks into high gear this coming week with results expected from technology heavyweights Microsoft (MSFT), Tesla (TSLA) and Amazon (AMZN), among others. The market’s strong rally from its March lows has been driven by Big Tech, but how much higher can we go? We are certain to get answers to this question (and others) this week, particularly with regards to the “growth versus value” trade, as well as how long the current rotation will last. While the market ended the week higher, it was, more or less, defensive stocks like utilities, real estates and healthcare that led the way. To be sure, a gain is still a gain. The Dow Jones Industrial Average dropped 62.76 points, or 0.23%, to close at 26,671.95. The S&P 500 index added 9.16 points, or ...
Trade setup: Nifty behaviour against 200DMA key; but MACD is bearish
Stock News

Trade setup: Nifty behaviour against 200DMA key; but MACD is bearish

In a strong move that the market saw on Friday, Nifty made a fierce attempt to move past the 200-DMA after having faced a hurdle in it over the past several days. The index opened on a positive note, but traded with capped gains for most part of the session. However, the second half of the session saw the market gather more strength and Nifty test the all-important 200-DMA. The headline index managed to close a notch above that level with a net gain of 161.75 points, or 1.51 per cent. Monday’s opening and Nifty’s behaviour against the 200-DMA, which now stands at 10,869 level, will be extremely crucial to watch. For Nifty to attempt an extension of the current move, it will have to keep its head above this crucial level. From a weekly perspective, Nifty has close near the 50-week moving a...
Short Term Investment Tips for the week from 20th July 2020
Top Trading, Trading Tips

Short Term Investment Tips for the week from 20th July 2020

STOCKS WITH BUY SIGNAL UNICHEMLAB (NSE Code) Signal : Bullish breakout after consolidation near minor top with increased volume. Buy Above : 196 Stop Loss : 179 Target : 210.15 (Short term) CADILAHC (NSE Code) Signal : Trendline crossed with higher volume. Buy Above : 380.25 Stop Loss : 356.45 Target : 399.80 (Short term) MARICO (NSE Code) Signal : Bullish gap up trendline breakout with increased volume. Buy Above : 356.25 Stop Loss : 333.25 Target : 375.20 (Short term) MOIL (NSE Code) Signal : Bullish gap up trendline breakout with very high volume. Buy Above : 153.15 Stop Loss : 138.15 Target : 165.70 (Short term) BEML (NSE Code) Signal : Bullish channel breakout with higher volume. Buy Above : 650.25 Stop Loss : 619.10 Target : 675.65 (Short term) GRAPHITE (NSE Code) S...
Twitter Hack Revives Concerns Over Its Data Security – The Wall Street Journal
Stock News

Twitter Hack Revives Concerns Over Its Data Security – The Wall Street Journal

The hack last week that exposed Twitter Inc.’s longstanding security issues started with a process familiar to almost every internet user: the password reset. In part by manipulating Twitter employees via a technique known as social engineering, hackers were able to change the passwords on 45 accounts without the owners being aware, according to the company, security experts and a business associate of the hacker. The hourslong attack enabled the hackers to control accounts of prominent figures, including former Vice President... Credit: Source