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The Channel

  1. Mr. Banks

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    Momentum Trading with RaginCajun
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Trade Idea of the Day Presented by: Wall Street Pit

Morning Buzz: (AMZN), EMC Corp (EMC), Ocean Rig UDW (ORIG), NovoCure (NVCR)

Shares of, Inc. (AMZN) are down marginally in pre-market hours after the company introduced this morning “Amazon Handmade”, its long-anticipated e-commerce website selling artisan goods. “We have designed a custom shopping experience for customers looking for handmade items by... Read More

Gun Sales Soar After Surge In US Mass Shootings

Just as was evidenced after the 2007 shootings at Virginia Tech, after Columbine and Tucson in 2011, and following the theater shootings in Aurora, Colorado in 2012, US gun sales have soared following the mass-shooting at Umpqua Community College in Oregon, which killed 10 people and injured seven others. As The FT reports, gun sales this year could surpass the record set in 2013, when gun purchases surged after...

Gold as Independent Money Versus Central Banks Paper Ponzi

The future direction of the planet is a choice between independent money and the central bankers counter-party paper Ponzi. Gold is independent monetary wealth with incredible wealth value that cannot go broke and over time will progress in value. Independent monetary wealth is when the money we use has proven wealth value with no counter-party liability. Independence is freedom from the influence of others, when we make a choice that we will not acquiesce to be... ...

Intel Corporation (INTC) Impresses Us With A Breakout But Is It A Bull Trap?

Corey Rosenbloom:   Shares of Intel (NASDAQ:INTC) broke above the falling 200 day average to generate a new buying opportunity! But what else is the chart showing, especially the last time this same opportunity occurred… and failed. We’ll start with the Daily Chart for additional information and level planning: First and foremost, let’s focus our attention on the right side of the chart which highlights the breakout. Shares rallied from the...

The Auto Stock To Buy During The Volkswagen Fallout

Overreactions happen all the time in the market, often creating great buying opportunities. Of note, Volkswagen AG (OTC:VLKAY) recently admitted to rigging diesel engines to fool regulators. Given Volkswagen’s tremendous size, its revelation has sent shock waves through the German stock market. The iShares MSCI Germany Index ETF (NYSEARCA:EWG) has now fallen 7% year-to-date...

Obama Apologizes, Says "Will Get To Bottom" Of Afghanistan Bombing

With the world demanding some explanation or statement from the 2009 Nobel Peace Prize winner for the alleged war crime that was this weekend's deadly U.S. bombing of the 1999 Nobel Peace Prize winner, Doctors Without Borders, Obama did just that, or rather had White House speaker make a statement on his behalf. President Obama apologized to Doctors Without Borders for the airstrike that...

China Opens Weaker Than Expected After Goldman Downgrade And "Mirage Of A New Dawn" Warnings

After a "no change" statement from The BoJ, today's dismal Japanese data was terrible enough to be great news in the new normal as August machine orders drop the most in at least a decade and stocks, USDJPY dipped and ripped. However, it was the China open that investors waited for (after China shares rising 10% in US trading, and CNH strengthening on lower than expected reported outflows) as Goldman......

General Motors Company (GM) and The Age of Smart Cars

Times are changing quickly in the automotive industry. Just two years ago, the theme at the Frankfurt International Motor Show was electric and other low-emission vehicles. But at the 2015 show, it was all about self-driving cars and connected cars – quite possibly the most disruptive new technology since the Internet. The question everyone was asking at the motor show was this: Will this new wave of automotive technology be...

John Boehner To Stay On As Speaker After All, Fox Reports

As The GOP lurches from turmoil to chaos, following speaker-in-waiting McCarthy's pulling out, Fox News Bret Baier reports that Speaker John Boehner has agreed to stay on as Speaker - not just until the Caucus nominates someone - but, until that person can confirm 218 votes on the House floor (needed to take the Speaker’s gavel). Having Talked to several senior aides on Capitol Hill (along with Chris Stirewalt and his sources on the Hill tied to the leadership) here is the picture that is beginning to form...

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