Wednesday, March 21, 2018

The Hits Keep On Coming

EU to unveil digital tax targeting Facebook, Google

The EU will unveil proposals for a digital tax on US tech giants on Wednesday, bringing yet more turmoil to Facebook after revelations over misused data of 50 million users shocked the world. The special tax is the latest measure by the 28-nation European Union to rein in Silicon Valley giants and could further embitter the bad-tempered trade row pitting the EU against US President Donald Trump.

And I Expect Firms Are Salivating

Asset managers to gain more leeway

Securities market access set to be widened in a more gradual manner China will continue to open the onshore securities market to foreign asset managers and will grant them wider access to the market in a gradual manner, said an official of the Asset Management Association of China.

Tuesday, March 20, 2018

Here We Go Again...

US crude exports becoming bigger presence in global oil

Boosted by surging output, the United States is becoming a significant exporter of crude oil, a shift that is remaking American infrastructure and altering the global petroleum market. Now pumping more than 10 million barrels per day, the US has become the second biggest oil producer in the world behind Russia and ahead of Saudi Arabia.

Sage Wisdom, But Will He Listen?

IMF chief warns 'no winners' in trade wars

International Monetary Fund chief Christine Lagarde cautioned the United States against putting up barriers to trade in an interview published Sunday. "Trade wars leave no winners," she said in the interview with Argentine daily La Nacion, responding to a question about President Donald Trump's decision to slap tariffs on imported steel and aluminum.

China And U.S. Going In Opposite Directions

For a world plagued by protectionism, China shows how to share success

BEIJING - As a senior banking executive, David Li has already witnessed dramatic changes in China since its opening up decades ago. After hearing the government work plans this year, the chairman and chief executive officer of J.P.

Sunday, March 18, 2018

An IPO Worth Getting Excited About

Spotify to go public on April 3

Spotify will go public on April 3 as the world's largest streaming company lists on the New York Stock Exchange. Paul Vogel, the Swedish company's head of investor relations, made the announcement at the start of a day of briefings to potential funders in New York.

This Is A Competition Where The Winner Is The Environment

World's biggest battery in Australia to trump Musk's

British billionaire businessman Sanjeev Gupta will built the world's biggest battery in South Australia, officials said Friday, overtaking US star entrepreneur Elon Musk's project in the same state last year.

Saturday, March 17, 2018

Okay...Interesting Product Cross Synergy....I Guess

Hello Kitty to make bullet train debut in Japan

Hello Kitty has already found its way onto bus and aircraft services -- and is now set to make its debut on Japan's iconic bullet train. West Japan Railway will launch "Hello Kitty Shinkansen" services on its bullet train line connecting Osaka and Fukuoka later this year, the company said this week.

Shocking That He's Become The Voice Of Reason And Moderation In America

Rand Paul is still right about Gina Haspel 

This week, when Sen. Rand Paul announced that he will oppose to Gina Haspel as new CIA Director due to her widely reported support for torture, the senator read from a 2017 ProPublica story that originally stated that Haspel had relished in harsh interrogation at a particular black site, including mocking a detainee and destroying evidence of the act.

Friday, March 16, 2018

Some Worrying Ascending Wedges in SPY and QQQ

There's not much to say except a couple of ascending wedges have appeared with patterns that may resolve in some pretty key ETFS, namely QQQ and SPY. Near term sell signals have also appeared in the EMA's so its very likely, as I have alluded to in previous posts, the fall last month has not resolved and that there would be a bounce.

Thursday, March 15, 2018

An Unwelcome Development: Faith Is Being Lost

China unloads Blackstone stake amid Trump trade tension

China's sovereign wealth fund has sold its stake in Blackstone Group, the US private equity firm has said, ending a decade-long investment at a time of simmering bilateral trade tension. Blackstone said in an annual report released earlier this month that China Investment Corp (CIC) had recently unloaded the stake that it first began to acquire in 2007 when China sought lucrative ways to invest its massive foreign exchange reserves.

China Continues To Clean

State Grid supplies cleaner energy

The State Grid Corporation of China is building an energy-services company to promote the distribution of clean energy as part of its efforts to restructure energy consumption in the country, said the corporation's chairman.

Update: Financial Services (XLF) Ascending Wedge Forming

Sorry my previous post was supposed to be published two days ago and the picture has now changed quite dramatically. It no longer looks like a breakout but rather a bearish ascending wedge!

Financial Services (XLF) Breakout OR Double Top Forming?

I'm being inundated by moves in the charts because everyone seems to be moving at once, but Financial Services ETF XLF has just broken out of a condensing triangle. My apologies but the signal went in a few days ago but yesterday we had a confirmation signal with a move and close above $29.40. I'd be very careful as this approaches $30.20 and for now I'm just watching. Many observers have said that the bearish case has not been totally invalidated from a technical standpoint and for now (as I am pessimist and rather cautious by nature) I think watching is just fine. You have to wonder, perhaps this is a double top going in? I'm interested in hearing what others think.