Heads-up News 

Sydney Trading Session Heads Up Sunday, December 31, 2017

Sydney opening news digest

Oil closes above $60 a barrel for the first time in 2.5 years

Oil prices spiked to their highest level in two and a half years after a pipeline exploded in Libya.

 

Argentina’s currency nosedives again this year

Argentina’s currency, the peso, suffered another bruising year, down 15% in 2017. A mix of political and economic setbacks, despite some victories, drove the currency down.

 

Stocks 2017: It was an epic year

The Dow raced 25% higher in 2017, getting even closer to 25,000 and making this year its best since 2013.

 

Tax overhaul costs Goldman Sachs $5 billion

Goldman Sachs is forecasting that changes to U.S. tax rules will lead to a $5 billion hit in 2017.

 

This Search Engine Startup Helps You Find What Google Is Missing

Million Short Founder and CEO Sanjay Arora shares the vision behind his company, overthrowing Google’s search engine monopoly, and his insight into the future of finding information online.

 

This Startup Uses Blockchain Tech To Rethink Cyber Security In The Bitcoin Era

I spoke with Edge Security CEO Paul about the vision behind his company, rethinking cyber security, and how Blockchain solutions can prevent data breaches.

 

5 Surprising Buys For A Safe 55.8% Dividend Yield

If you’d invested in the average S&P 500 stock back in 1970, you’d be yielding 55.8% on your original buy today. Think about that: 55.8% is more than half of what you originally invested—returned to your pocket every year in dividend checks!

 

10 Top Emerging Market Funds In 2017: China And India Take The Lead, Beating Wall Street

The top 10 emerging market funds were up 52% to 74% in 2017.

 

Maine’s Regulated Marijuana Market Could Still Be Saved

Maine Governor Paul LePage vetoed a marijuana regulation bill in November. But some lawmakers are hopeful that the state could till pass regulations by its February deadline.

 

Bill Ackman And Valeant Settle Allergan Insider Trading Lawsuit For $290 Million

Hedge funder Bill Ackman and Valeant Pharmaceuticals will pay $290 million to settle claims from shareholders in Allergan they engaged in insider trading when pressing a takeover of the botox-maker in 2014. The settlement means Valeant likely cost Pershing $4 billion.

 

Ripple Surges 50% To Become Second-Largest Cryptocurrency

Ripple’s XRP token climbed more than 50% today, becoming the world’s second-largest cryptocurrency by market capitalization (market cap).

The digital

 




Apple Cuts Price Of iPhone 6 And 7 Replacement Batteries To $29

Last week it was reported that iOS 11 throttles the CPU in the iPhone 6 and 7 by 50% when the battery drops to less than 80%. If your iPhone 6 or 7 has felt sluggish after updating to iOS 11, replacing the battery will restore your phone’s performance when the battery is fully charged.

 

Alibaba’s Year In Review: Strong Revenue Growth Across Segments

Similar to many large internet companies, Alibaba has had a strong year with its stock price nearly doubling. A strong set of results led to the surge in its stock price, driven by revenue growth across segments.

 

Why Investors Shouldn’t Worry About iPhone X Shipment Forecast Cuts

Apple’s new iPhone X could see shipments slow down meaningfully after the initial wave of demand from early-adopters and holiday shoppers dies down. A Taiwanese newspaper, Economic Daily News, reported that Apple has cut its sales forecasts for the quarter ended March

 

How Much Upside Could Streaming Services Drive For Comcast?

With the rise of over-the-top streaming services, Pay-TV providers are losing subscribers and revenues to companies such as Netflix. Therefore, pay-TV companies such as Comcast and Dish Network are aggressively pursuing over-the-top streaming services.

 

3 Top Performing Managers Enter 2018 Fully Invested

With the S&P 500 up nearly 20% this year, many people tell me they worry that the gains are a product of misplaced optimism that will be corrected. However, 3 of my managers believe this year’s gains have a solid foundation that is likely to continue in 2018.

 

Why Did Donald Trump Kill This Big Free Trade Deal?

The Trans-Pacific Partnership (TPP) was the world’s largest trade deal, and then Trump became president of the United States. Why did Trump pull the U.S. out of the trade deal? Will it be the end for free trade in the South China Sea? Or will there be another deal from another superpower?

 

8 Stocks To Avoid In 2018

Nobody knows whether stocks will deliver a repeat performance in 2018, or if it will be a year of reckoning for the bull market that turns nine years old in March. Nonetheless, there are certain stocks that you may want to shy away from, regardless of what the overall market does.

 

Ripple Extends Gains To Hit Fresh, New High

XRP prices just hit a new record, but what fueled its gains?

 

3 Bold CEF Predictions For 2018

Today I’m going to show you the 3 best closed-end funds of 2017—and reveal a surprising prediction for each of these powerhouse CEFs in 2018.

 

What to Expect Trading the First Day, Week and Month of 2018

December has fulfilled seasonal expectations for a speculative ‘risk on’ lean with a dramatic reduction in both volatility and liquidity.

 

DailyFX Q1 2018 Forecasts: USD, Oil and Equities

Will the Dollar recover some of its steep declines this past year in 2018? Will risk appetite cool following years of liquidity drain? Read more

 

Yuan’s Review in 2017 and Top Drivers in 2018

In 2017, the Chinese Yuan gained against the U.S. Dollar following losses in 2014 -2016. In 2018, what factors will matter the most?

 




What is a Triangle Pattern In Elliott Wave Theory and How do you Trade it?

Triangle patterns are bread crumbs to market analysis as they appear only in certain places of the Elliott Wave sequence. Discover the idealized shape and

 

Gold May Climb Higher as Sell-Off Continues

Recent changes in sentiment warn that the current Spot Gold price trend may soon reverse higher despite the fact traders remain net-long.

 

Stocks Close Lower On The Day But Sharply Higher For The Year – U.S. Commentary

After moving modestly higher over the two previous sessions, stocks moved back to the downside during trading on Friday. The major averages slid into negative territory, although selling pressure was somewhat subdued.

 

Major Averages Posting Modest Losses In Mid-Day Trading – U.S. Commentary

After initially showing a lack of direction, stocks continue to turn in a lackluster performance in mid-day trading on Friday. The major averages have pulled back into negative territory, although selling pressure has remained subdued.

 

Stocks Showing A Lack Of Direction In Morning Trading – U.S. Commentary

With traders reluctant to make significant moves on the final trading day on the year, stocks have shown a lack of direction in morning trading on Friday. The major averages have been bouncing back and forth across the unchanged line.

 

Tivo Inc. (TIVO) Has Suddenly Spiked To The Upside

Tivo Inc. (TIVO) has suddenly spiked sharply to the upside in the last few minutes on increased volume. The stock is currently higher by 1.41 at $15.41. Tivo is attempting to rebound from the lows of the year, following a 1-month decline.

 

Ultra Clean Holdings (UCTT) Is Climbing After S&P Makes Changes

It was announced after the close Thursday that Ultra Clean Holdings (UCTT) will replace Scientific Games (SGMS) in the S&P SmallCap 600 effective prior to the open of trading on Wednesday, January 3, 2018.

 

Bonanza Creek Energy (BCEI) Is Sinking After Merger Deal Collapses

Bonanza Creek Energy (BCEI) announced after the bell Thursday that it has agreed to terminate its previously announced merger agreement with SandRidge Energy Inc.

 

ADTRAN Inc. (ADTN) Is Down Sharply On Weak Q4 Forecast

ADTRAN Inc. (ADTN) announced after the bell Thursday that it now expects to report fourth quarter revenues of approximately $125 million and non-GAAP EPS of approximately $0.

 

Atara Biotherapeutics Inc. (ATRA) Is Surging On FDA Clearance

Atara Biotherapeutics Inc. (ATRA) announced Friday morning that it has received FDA clearance to initiate two Phase 3 clinical studies with tabelecleucel. Atara Biotherapeutics gapped up at the open Friday and has spiked higher in early trade.

 

Progenics Pharmaceuticals Inc. (PGNX) Has Jumped To Over A 2-Month High

Progenics Pharmaceuticals Inc. (PGNX) announced Friday morning that the FDA has accepted its New Drug Application for AZEDRA for review. The drug is a treatment for patients with malignant, recurrent and/or unresectable pheochromocytoma and paraganglioma.

 

India Equates Cryptocurrencies To Ponzi Schemes In Warning

India’s finance ministry on Wednesday issued a warning against trading and transacting in crytpocurrencies such as Bitcoin, saying they do not have any intrinsic value and likened them to Ponzi schemes.

 




Wall Street May Benefit From Window Dressing On Final Trading Day Of 2017

The major U.S. index futures are pointing to a higher opening on Friday, with stocks poised to add to the modest gains posted in the two previous sessions. Stocks may continue to benefit from so-called window dressing, as investors attempt to give their portfolios a boost on the final trading day of the year.

 

Stocks May See Further Upside In Early Trading – U.S. Commentary

After moving modestly higher in the two previous sessions, stocks may see further upside in early trading on Friday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 75 points.

 

German Inflation Slows Less Than Expected; Annual Average At 5-year High

Germany’s inflation slowed less-than-expected in December and the annual average for 2017 was the highest in five years, preliminary data from the statistical office Destatis showed Friday.

 

Goldman Sachs Says New Tax Law To Cut Q4 Earnings By $5 Bln

Goldman Sachs Group Inc. said Friday that the new tax law signed by U.S. President Donald Trump last week will reduce its earnings for the fourth quarter and year ending December 31, 2017 by about $5 billion.

 

European Markets Mostly Lower In Thin Deals

European markets are mostly lower on Friday, the last session of the current calendar year, but many of these markets are signing off the year with fairly impressive gains.

 

Futures Points To Higher Opening For Wall Street On Last Session Of The Year

On the last trading session of 2017, the U.S. Futures Index is on a positive mood suggesting that Wall Street might open higher. Asian shares closed mostly higher, while Europeans shares are on a negative note.

 

Becton, Dickinson & Co. (BDX) Dropped After Moody’s Downgrade

Moody’s downgraded its rating on Becton, Dickinson & Co. (BDX) Thursday to speculative grade. Becton, Dickinson & Co. fell below Thursday’s trading range in the final 90 minutes of the afternoon.

 

Royal Gold Inc. (RGLD) Pulled Back After Operations Halted At Mount Milligan

Royal Gold Inc. (RGLD) announced Thursday morning that mill processing operations at the Mount Milligan mine in British Columbia have been temporarily suspended due to a lack of sufficient water resources.

 

Scotts Miracle-Gro Co. (SMG) Rose To A New High For The Year

Scotts Miracle-Gro Co. (SMG) gapped up slightly Thursday and climbed during the first half hour of trade. The stock was range-bound for the rest of the session and closed up by 1.

 

ISTAT Says Italy’s Factory Sector Reinforcing Economic Recovery

Italy’s economic recovery is being reinforced by the manufacturing sector on the back of growth in production and exports, the country’s statistical office ISTAT said in its monthly report on the economy, released Friday.

 

Alcoa Inc. (AA) Climbed To A New High For The Year

Alcoa Inc. (AA) rose during the first half hour of trade Thursday and advanced further in the afternoon. The stock ended the day with a gain of 2.30 at $54.14. Alcoa has been gaining ground for over a week and closed Thursday at its third consecutive new high for the year.

 

Sensex Gains 209 Pts, Posts Record Closing High

Indian benchmark stock indices Sensex and the Nifty50 ended the final session of calendar year 2017 on an upbeat note, with investors indulging in some hectic buying at several counters from across various sectors.

 




Open Text Corp. (OTEX) Broke Out To A New High For The Year

Open Text Corp. (OTEX) gapped up Thursday and spiked higher in early trade, before settling into a range. The stock closed up by 2.51 at $35.52 on the highest volume of the year.

 

Live Ventures Inc. (LIVE) Jumped To A 10-Month High On Full Year Results

Live Ventures Inc. (LIVE) reported full year 2017 revenues of $152.0 million after the close Wednesday, an increase of 92 percent over last year. Live Ventures gapped open sharply higher Thursday, but pared its gains in the final 90 minutes of trade.

 

Croatia Industrial Production Drops In November

Croatia’s industrial production fell in November after rising in the past few months, amid declines in output in manufacturing and the utility sector, preliminary data from the Croatian Bureau of Statistics showed Friday.

 

FTSE Up 0.3 Percent, Looks Set To End At Record High

The U.K. stock market is slightly higher Friday, its benchmark FTSE 100 hit a new record and appears on course to sign off at an all-time high..

 

CAC Down Marginally

The French stock market is marginally lower Friday morning and looks on course to end on a weak note for a second successive session..

 

DAX Drifts Lower In Cautious Trade

With stocks edging down after a flat start, the German benchmark DAX is down marginal on Friday morning..

 

Eurozone M3 Growth Slows In November

Eurozone money supply grew at a slightly slower pace in November, the European Central Bank said Friday. The broad monetary aggregate M3 grew 4.9 percent year-on-year in November, slower than the 5 percent increase seen in October.

 

Asian Markets End Final Session Of Year On Subdued Note

Asian markets turned in a mixed performance on the final trading session of the calendar year 2017, with investors mostly refraining from making significant moves due to the absence of strong catalysts.

 

Finland’s Trade Deficit Exceeds Initial Estimate

Finland’s trade deficit was larger than the initial estimate in October, revised data from Finland Customs Office showed Friday. The trade balance showed a deficit of EUR 133 million in October instead of EUR 120 million estimated on December 8.

 

European Markets Likely To See Lackluster Moves

European markets look set to open the final session of the calendar year on a cautious, albeit slightly positive note on Friday. The overnight positive close on Wall Street and slightly higher Asian markets are expected to aid sentiment.

 

Apple Apologises For Slowing Down Old IPhones, Cuts Battery Prices

Apple Inc (AAPL) has posted an open letter of apology to its customers for its handling of a battery issue affecting older iPhones..

 

The 2018 Buy List Crossing Wall Street

Here are the 25 stocks for the 2018 Buy List. It’s locked and sealed and I can’t make any changes for 12 months.

For tracking purposes, I assume the

 




The 2017 Buy List Crossing Wall Street

The 2017 trading year is on the books! For 2017, the S&P 500 gained 19.42% while our Buy List gained 20.58%. However, if we include dividends (and tot

 

The Trading Year Ends Crossing Wall Street

The 2017 trading year has come to a close. It was a good year for the stock market, and it was a historically calm year for stocks.

All told, the S&P

 

There’s a ‘submarine trend’ in the tech world, and it’s affecting nearly every company you know

Artificial intelligence took the world by storm in 2018, but its impact on the tech world is hard to measure.

 

More than 3,600 stores will close in 2018 — here’s the full list

The retail industry’s record-high rate of store closures will continue into 2018.

 

PREDICTIONS: The most important things that will happen in tech in 2018

It was a rough year for Big Tech, at least aside from members’ financial results.

After years of unencumbered growth and fawning coverage in the p

 

Here’s how virtually everything you can invest in has performed in 2017

Thanks to low interest rates, a rare synchrony of economic growth around the world, and higher company profits, many assets had one of their strongest

 

A college student with a life-threatening illness used Make-A-Wish to meet JPMorgan CEO Jamie Dimon

After being diagnosed with leukemia in high school, Sean Korpal was granted a wish by the Make-A-Wish Foundation. He wanted to speak with Jamie Dimon.

 

Bitcoin went bonkers in 2017 — here’s what happened as the cryptocurrency surged more than 1000%

Here’s a look back at some of the significant events that drove big price swings in the market known for extreme volatility.

 

Tesla will face huge challenges in 2018 — and it could put the company under crushing pressure

Tesla will face major challenges as it becomes a mass-market automaker.

 

California’s cannabis market is expected to soar to $5.1 billion — and it’s going to be bigger than beer

The market for marijuana in California will hit $3.7 billion in 2018 alone, and that’s expected to increase to over $5 billion by 2019.

 

23 startups that became unicorns in 2017, scoring valuations of $1 billion or more

Once upon a time, a startup worth $1 billion or more was considered to be a rare, almost mythical thing — a unicorn. Now, they’re more plentiful, like…

 

These are 7 of the hottest startups that launched in 2017

These young companies are taking on some of tech’s giants, hoping to cash in on big trends, or aiming at disrupting major industries.

 




Stock market ends 2017 lower, failing to put cherry atop record year

Stock indexes closed modestly lower on Friday, running out of steam in the final session of 2017, in what has been a stellar record-setting year for U

 

Oil ends above $60 for the first time in about 2 1/2 years

Crude-oil futures ended Friday trade on a decidedly upbeat note, settling above $60 for the first time in more than two years. West Texas Intermediate

 

Gold prices wrap up 2017 near highest level in three months

Gold futures jumped on Friday, booking their seventh-straight positive session, and retaking a level above $1,300 for the first time in about three mo

 

Baker Hughes weekly data show gas rigs down by 2, but oil rigs unchanged at 747

Baker Hughes on Friday reported a small drop in rig counts for the week, with rigs drilling for gas down by two to 182, while those drilling for oil r

 

Valeant says parties in Allergan litigation have agreed to resolve claims of $290 million

Valeant Pharmaceuticals International Inc. VRX, -1.80% said Friday that all parties in the Allergan Inc. AGN, -0.63% shareholder securities litigation

 

Goldman, Apple stocks knock about 30 points from Dow industrials final trading day of 2017

The Dow Jones Industrial Average on Friday was under pressuring, with the shares of Apple Inc., and Goldman Sachs Group Inc., producing the biggest do

 

Stock market struggles to end 2017’s final trading day on a high note

U.S. stock indexes opened slightly higher on Friday, with the Dow Jones Industrial Average and the S&P 500 index flirting with records to end the fina

 

Progenics shares jump 21% premarket after FDA says it will review treatment for rare cancer

Shares of Progenics Pharmaceuticals Inc. PGNX, +1.71% surged 21% in premarket trade Friday, after the company said the U.S. Food and Drug Administrati

 

What to Expect Trading the First Day, Week and Month of 2018 (Strategy Video)

Talking Points: • December is historically the most sanguine time of the year as liquidity drains and motivation for breakouts and trends subsides • Historic…

 

Bitcoin Forecast January 2, 2018

Bitcoin traders have sold over the last couple of sessions, as we are below the $13,000 level at the time of this recording. It is the 38.2% Fibonacci retrac…

 

EUR/USD and GBP/USD Forecast January 2, 2018

The EUR/USD pair broke out to the upside during the trading session on Friday, slicing through the 1.20 level. We did get back some of the gains, which is no…

 

USD/JPY and AUD/USD Forecast January 2, 2018

The US dollar fell against the Japanese yen during the trading session on Friday, and what would have been very thin trading. I believe that this market is t…

 




S&P 500 and NASDAQ 100 Forecast January 2, 2018

The S&P 500 initially tried to rally during the session on Friday, but found enough resistance at the 2700 level to turn things around and form a negative lo…

 

WTI Crude Oil and Natural Gas Forecast January 2, 2018

The WTI Crude Oil market rallied during the day on Friday, and what would have been very thin trading. I think that the thin trading environment will continu…

 

What is Ethereum? | IG Explainers

IG’s Sara Walker explains what Ethereum is, the complexities of its network, blockchain technology, and how Ethereum differs from Bitcoin. ► Learn more about…

 

Top Markets To Watch: 2018

Which markets should you be watching in 2018? Jeremy Naylor explores the top potential movers, as chosen by IG analysts. ► For more on the markets to watch i…

 

Cheer Up

Adage:

Level 2 – the circle in Hell where Satan explains an extremely complicated way how to lose a great amount of money for a very short period of time.

Cartoon:


Image courtesy: www.forexfactory.com

Have a nice trading!




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