A quality small business bank can help you keep your finances in order and give you access to useful financial products like loans and credit options. But there are a ton of different banks out there, from nationwide chains to community credit unions to online-only banks. How to Choose a Bank So how can you determine which options are best for your business? Small Business Trends spoke with a couple of small business banking experts to get some essential tips. Examine Your Banking Habits Priyanka Prakash, business finance expert for Fundera said in an email to Small Business Trends, “The best way to know what you need from your bank is to look at the last 6-12 months of your financial history (if you have an… [Read More...]
DIA YTD Chart
The chart below shows the daily prices for the year-to-date through July 5, 2019, for the Dow Jones Industrial Average ETF, after closing the week at $269.27. DIA moved higher quickly since bottoming at the beginning of June. The moving averages favor the bulls with DIA trading above its 10, 20, & 50-day moving averages. So far, the large cap index has found support along its 10-day moving average, but it faces a couple of technical hurdles now. The Williams %R indicator points to changes in sentiment. Touches on the extreme levels of this technical indicator signal likely changes in market direction. On July 3, DIA nearly reached the absolute maximum overbought level, circled in small red circles. The same pattern hit in early May (shown in a single red … [Read More...]
Squawk: USDCAD poised for an intermediate-term bear shift; USDJPY neutral A…
USDCAD poised for an intermediate-term bear shift; USDJPY neutral A broadly more negative tone for the US Dollar has been seen in early 2019 given a more dovish tone from FOMC Members including the… [Read More...]
Squawk: USDCAD weakness in intermediate-term bull trend Mixed Canadian economic data…
USDCAD weakness in intermediate-term bull trend Mixed Canadian economic data on Wednesday alongside an upbeat outlook for H2 2019 from Bank of Canada Governor Poloz were taken as positives for the… [Read More...]
Squawk: EUR/USD – Speculators Increasingly Dollar Bullish by Stephen Pope Dollar…
EUR/USD – Speculators Increasingly Dollar Bullish by Stephen Pope Dollar bulls are in full cry The strength of the Dollar will continue even after mixed jobs data There was no Euro gain on Friday… [Read More...]
Month End Summary – June 2019
June came back as a strong month for stocks after May’s disappointment. I didn’t replace my expired MSFT call from May and it cost me a little missed opportunity while the markets were rallying. My account ended June with a Net Asset Value (NAV) of $92,636.34 according to Interactive Brokers (IB) after ending May with a NAV of $87,870.63. I had a gain of $4,765.71 (~5.42%) on paper for June (less than the S&P 500’s 6.89% gain for the month and the Dow’s 7.19 gain). I had $512.48 in net realized gains, which includes my three closing trades (XLF shares, XLF $27 covered calls were rolled into my share price since they were assigned, and my MDY $355 naked put), $85.30 in … [Read More...]
Squawk: Gold Technical Overview: Gold trading at 1297 above the key…
Gold Technical Overview: Gold trading at 1297 above the key support at 1296 now downside day support stands at 1292 the earlier resistance now turned to support. As trend remains firm for the day… [Read More...]
Squawk: US averages lead global stock indices back higher The major…
US averages lead global stock indices back higher The major US equity averages have seen an aggressive surge back higher this week with US macroeconomic data continuing to stay strong plus global… [Read More...]
Today’s Trade: Asia shares mixed despite above-target China GDP
Bourses across Asia put in a mixed performance Tuesday even though China’s Q1 GDP print came in at a bouncy 6.8% above the government’s 6.5% forecast. [Read More...]
Squawk: Equites stay bullish and US$ soars sending EURUSD bear signal…
Equites stay bullish and US$ soars sending EURUSD bear signal A resilient consolidation tone for the major European equity averages over the past 24 hours digesting solid gains to new 2019 cycle… [Read More...]
Sold TLT Naked Calls
Follow me on this trade at your own peril. I’ve done well selling TLT options a few times and I’ve done very poorly other times. Due to my losses caused by a margin call in one of my recent TLT attempts, I sold fewer calls this time. While TLT was trading at $142.34, I sold three TLT October $145 naked calls for $2.48 each and received $742.86 after paying $1.14 in commission. In previous years, I sold farther out of the money for a smaller premium. This other strategy meant I had to sell more contracts to get the same dollar intake. I’ve been watching this trade for a while and trying to figure out when I should, or even if I should, take … [Read More...]
Squawk: Dollar Bulls must be patient Selling pressure will be overcomeby…
Dollar Bulls must be patient Selling pressure will be overcomeby Stephen Pope Selling of the U.S. Dollar Index on Friday may persist through Monday As the week pushes on this will yield to new… [Read More...]
Squawk: EURUSD – Euro positive short-term The Euro has managed a…
EURUSD – Euro positive short-term The Euro has managed a decent rebound effort from early April having been setting up last week to try to make a more bearish signal into the European Central Bank… [Read More...]
Options Expiration – June 2019
I usually have more planned for June expiration, but was able to spread out the few option positions I have this summer. The only June contract I had in place today was on MDY and it was in the money slightly, but still gave me a profit. MDY was trading at $355.75 when I sold the $355 strike. While MDY was trading at $350.86, down from its intraday high of $353.20, I bought to close my one MDY June $355 naked put for $4.14 and sold one MDY September $350 naked put for $9.69. I received $554.39 after paying $0.61 in commission for the combination. I toyed around with my asking price for this option spread until I got this one to hit. I could’ve done … [Read More...]
Squawk: With Oil Keep Looking at Trade Data and Newsby Stephen…
With Oil Keep Looking at Trade Data and Newsby Stephen Pope WTI boosted by two clear driving forces trade and supply Any recovery in trade relations between the U.S. and China not until end of… [Read More...]
Squawk: Elliott wave Analysis: Silver and USDCHF Update by Gregor Horvat…
Elliott wave Analysis: Silver and USDCHF Update by Gregor Horvat Today’s article is about silver and the USDCHF pair. Both are trading in a correction which means both can see more weakness as we… [Read More...]