Market News Report: March 9, 2020 – March 13, 2020

The scheduled economic data releases were generally neglected last week, as investors reacted to scary news about globally spreading corona virus. The first half of the week was actually quite positive, as stocks have been retracing some of their quick sell-off. However, the sentiment worsened again at the end of the week, as the OPEC Meeting’s negative outcome overweighed Friday’s better than expected U.S. jobs data release. What about the coming week? Will the economic data releases move markets more than virus news? Let’s take a look at the details.

The week behind

Last week’s economic data releases have been overshadowed by the ongoing corona virus crisis again. Monday’s and Wednesday’s PMI numbers releases aligned with a stock market’s rebound, but Friday’s much-awaited and much better than expected Nonfarm Payrolls release didn’t help bulls. Overall, financial markets continued to react to news about COVID-19 virus and its potential economic global impact, as investors generally neglected the scheduled economic data releases. However, in our last week’s Market News Report we stressed the importance of Thursday’s-Friday’s OPEC Meetings. And the price of oil plummeted following their negative outcome.

The week ahead

What about the coming week? We won’t have particularly important economic data releases in the coming days. So it is very likely that investors will continue to react to the mentioned virus scare. However, the market will likely await the U.S. Consumers and Producers inflation numbers on Wednesday and Thursday. Thursday’s ECB Rate Decision will also be much awaited. Then there will be economic data releases from Australia and the U.K. Let’s take a look at key highlights:

  • Wednesday’s and Thursday’s U.S. Consumer Price Index and Producer Price Index will likely be the most important economic news this week.
  • On Thursday we will get a very important economic data release from the Eurozone: Main Refinancing Rate, Monetary Policy Statement, ECB Press Conference
  • Wednesday’s U.K.’s GDP along with Manufacturing Production releases will be important for the British Pound currency pairs.
  • We will also get the Reserve Bank of Australia Deputy Governor Debelle Speech on Tuesday.

You will find this week’s the key news releases below (EST time zone). For your convenience, we broken them down per market to which they are particularly important, so that you know what to pay extra attention to, if you have or plan to have positions in one of them. Moreover, we put the particularly important news in bold. This kind of news is what is more likely to trigger volatile movements. The news that are not in bold usually don’t result in bigger intraday moves, so unless one is engaging in a particularly active form of day trading, it might be best to focus on the news that we put in bold. Of course, you are free to use the below indications as you see fit. As far as we are concerned, we are usually not engaging in any day trading during days with “bold” events on a given market. However, in case of more medium-term trades, we usually choose to be aware of the increased intraday volatility, but not change the currently opened position.

Our Market News Report consists of two different time-related perspectives. The investors’ perspective is only suitable for the long-term investments. The single economic data releases rarely cause major outlook changes. Hence, we will only see a handful of bold markings every week. On the other hand, the traders’ perspective is for traders and day-traders, because the assets’ prices are likely to react on a single piece of economic data. So, there will be a lot more bold markings on potentially market-moving news every week.

Investors’ Perspective

Gold, Silver, and Mining Stocks

Wednesday, March 11

  • 8:30 a.m. U.S. – CPI m/m, Core CPI m/m

Thursday, March 12

  • 8:30 a.m. U.S. – PPI m/m, Core PPI m/m, Unemployment Claims
  • 8:45 a.m. Eurozone – Main Refinancing Rate, Monetary Policy Statement, ECB Press Conference

Crude Oil

Tuesday, March 10

  • 4:30 p.m. U.S. – API Weekly Crude Oil Stock

Wednesday, March 11

  • 8:30 a.m. U.S. – CPI m/m, Core CPI m/m
  • 10:30 a.m. U.S. – Crude Oil Inventories

Thursday, March 12

  • 8:30 a.m. U.S. – PPI m/m, Core PPI m/m, Unemployment Claims
  • 8:45 a.m. Eurozone – Main Refinancing Rate, Monetary Policy Statement, ECB Press Conference

Stock Markets

Wednesday, March 11

  • 8:30 a.m. U.S. – CPI m/m, Core CPI m/m

Thursday, March 12

  • 8:30 a.m. U.S. – PPI m/m, Core PPI m/m, Unemployment Claims
  • 8:45 a.m. Eurozone – Main Refinancing Rate, Monetary Policy Statement, ECB Press Conference

EUR/USD

Wednesday, March 11

  • 8:30 a.m. U.S. – CPI m/m, Core CPI m/m

Thursday, March 12

  • 8:30 a.m. U.S. – PPI m/m, Core PPI m/m, Unemployment Claims
  • 8:45 a.m. Eurozone – Main Refinancing Rate, Monetary Policy Statement, ECB Press Conference

USD/JPY

No important economic news scheduled

GBP/USD

Wednesday, March 11

  • 5:30 a.m. U.K. – GDP m/m, Manufacturing Production m/m
  • 7:30 a.m. U.K. – Annual Budget Release

Thursday, March 12

  • 8:45 a.m. Eurozone – Main Refinancing Rate, Monetary Policy Statement, ECB Press Conference

USD/CAD

No important economic news scheduled

AUD/USD

Tuesday, March 10

  • 6:00 p.m. Australia – RBA Deputy Governor Debelle Speech

Summing up, if you’re an investor and not a trader, you should pay extra attention to Thursday’s ECB monetary policy update. On Wednesday and Thursday we will also get the U.S. inflation data. Plus, on Wednesday there will be quite an important economic data release in the U.K.

We hope you enjoyed reading the above free analysis, and we encourage you to read today’s Market News Report – this analysis’ full version. The full Alert includes also the Traders’ Perspective which is very useful for the people who trade within shorter time frames. There’s no risk in subscribing right away, because there’s a 30-day money back guarantee for all our products, so we encourage you to subscribe today.

Check more of our free articles on our website – just drop by and have a look. We encourage you to sign up for our daily newsletter, too – it’s free and if you don’t like it, you can unsubscribe with just 2 clicks. If you sign up today, you’ll also get 7 days of free access to our premium daily Gold & Silver Trading Alerts. Sign up for the free newsletter today!

Thank you.

Paul Rejczak
Stock Trading Strategist
Sunshine Profits – Effective Investments through Diligence and Care

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Gold Daily News: Monday, March 9

Friday’s daily high was at $1,692.80, but closing price was $1,672.40. Recently the gold price collapsed to the low of $1,564 despite an ongoing corona virus scare. However, the market has retraced all of the decline last week, as virus fears have reappeared. Gold continued higher this morning, but then the market has managed to retrace all of its overnight advance.

Gold is gaining 0.1% this morning, as it trades within a short-term consolidation following Thursday’s-Friday’s rally. What about the other precious metals? Silver lost 0.75% on Friday and today it is trading 2.8% lower. Platinum gained 3.55% on Friday. It bounced after the previous Friday’s sell-off. This morning it is down 4.1%. Palladium lost 1.22% on Friday and it is 6.3% lower.

The financial markets continue to trade mostly on coronavirus news. In addition, Friday’s OPEC Meeting’s negative outcome caused the oil prices crash. So last week’s scheduled economic data releases haven’t moved markets. What about the coming week? We will have the U.S. inflation data released on Wednesday and Thursday, and the ECB monetary policy release on Thursday. Take a look at our today’s Market News Report to find out more!

Check more of our free articles on our website – just drop by and have a look. We encourage you to sign up for our daily newsletter, too – it’s free and if you don’t like it, you can unsubscribe with just 2 clicks. If you sign up today, you’ll also get 7 days of free access to our premium daily Gold & Silver Trading Alerts. Sign up for the free newsletter today!

Thank you.

Paul Rejczak
Stock Trading Strategist
Sunshine Profits – Effective Investments through Diligence and Care


Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Gold Daily News: Thursday, March 5

The gold futures lost 0.09% on Wednesday, as it fluctuated following Tuesday’s post-Fed’s rate cut rally. On Friday the price collapsed to $1,564 level despite an ongoing corona virus scare. The recent short-term volatility marked a topping pattern before that sell-off. However, gold retraced its whole decline and yesterday it has been trading along short-term local highs, marked by $1,650 level.

Gold is gaining 0.7% this morning, as it continues to fluctuate along short-term local highs. What about the other precious metals? Silver gained 0.34% on Wednesday. Today it is unchanged. Platinum gained 0.68% on Wednesday. It continues to trade within a short-term consolidation following Friday’s sell-off. This morning it is down 1.3%. Palladium lost 0.1% yesterday and today in the morning it is trading 1.8% lower.

The financial markets went full risk-off last week, as corona virus fears dominated the news. Then we saw a quick Friday’s-Monday’s relief rally. Tuesday’s Fed’s rate cut decision led to more short-term volatility, as stock sold off on Tuesday and then rallied on Wednesday. Yesterday we got the ADP Non-Farm Employment Change and the ISM Non-Manufacturing PMI numbers releases. They both have been better than expected and the stock market has rallied by over 4%. On Friday we will get the important U.S. monthly jobs data release. Take a look at our Monday’s Market News Report to find out more!

Check more of our free articles on our website – just drop by and have a look. We encourage you to sign up for our daily newsletter, too – it’s free and if you don’t like it, you can unsubscribe with just 2 clicks. If you sign up today, you’ll also get 7 days of free access to our premium daily Gold & Silver Trading Alerts. Sign up for the free newsletter today!

Thank you.

Paul Rejczak
Stock Trading Strategist
Sunshine Profits – Effective Investments through Diligence and Care


Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Gold Daily News: Wednesday, March 4

On Friday the price collapsed to $1,564.00 level, despite the ongoing corona virus scare. The recent short-term volatility marked a topping pattern before that sell-off. Tuesday’s quick retrace may be suggesting that volatility will remain elevated. Investors were buying safe-haven asset amid corona virus outbreak, economic slowdown fears recently. But then gold bounced off $1,700 mark and reversed its uptrend. On Friday the price reached local low of $1,560. Yesterday the market got back closer to $1,650 level.

Gold is gaining 0.4% this morning, as its price fluctuates along yesterday’s daily high. What about the other precious metals? Silver gained 2.68% yesterday. Today it gains 0.2%, as it retraces some more of Friday’s sell-off. However, it remains relatively much weaker than gold. Platinum gained 1.15% on Tuesday. It is trading close to local lows following Friday’s sell-off. Right now, the metal is 0.5% lower. Palladium lost 1.66% yesterday, as it extended its short-term downtrend. Today it is trading 0.8% lower.

The financial markets went full risk-off last week, as corona virus fears dominated the news. Then we saw a quick Friday’s-Monday’s relief-rally. Yesterday’s Fed’s rate cut decision marked another short-term local high and the risk markets turned lower. However, investors’ sentiment is improving again this morning.

Tuesday’s Caixin Services PMI number release from China showed a very big virus impact on Chinese economy, as it fell much below expectations (26.5 vs. 48). Today we will get the ADP Non-Farm Employment Change at 8:15 a.m. and the ISM Non-Manufacturing PMI at 10:00 a.m. There will also be the Bank of Canada Rate Statement along with the Overnight Rate release at 10:00 a.m. On Friday we will get the important U.S. monthly jobs data release. Take a look at our Monday’s Market News Report to find out more!

Check more of our free articles on our website – just drop by and have a look. We encourage you to sign up for our daily newsletter, too – it’s free and if you don’t like it, you can unsubscribe with just 2 clicks. If you sign up today, you’ll also get 7 days of free access to our premium daily Gold & Silver Trading Alerts. Sign up for the free newsletter today!

Thank you.

Paul Rejczak
Stock Trading Strategist
Sunshine Profits – Effective Investments through Diligence and Care


Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Gold Daily News: Tuesday, March 3

On Friday the price collapsed to $1,564.00 level, despite the ongoing corona virus scare. The recent short-term volatility marked a topping pattern before that sell-off. Investors were buying safe-haven asset amid corona virus outbreak, economic slowdown fears recently. But then gold bounced off $1,700 mark and reversed the uptrend. Yesterday the market got back above $1,600, before closing slightly below it.

Gold is gaining 0.9% this morning, as it fluctuates within yesterday’s daily trading range. What about the other precious metals? Silver lost over 7% on Friday and on Monday it has gained 1.7%. Today it gains additional 0.7%, as it retraces some of the sell-off. Platinum lost 0.61% on Monday, and right now it is trading 0.8% higher. Palladium lost 2.55% on Monday after selling off by over 8% on Friday. Right now it is trading 0.2% higher. Overall, precious metals are are relatively very calm this morning.

The financial markets went full risk-off last week, as corona virus fears dominated the news. This week has begun with a continuation of a stock markets’ relief rally. But for now, it looks like a ‘dead-cat-bounce’ upward correction. Investors will wait for today’s Caixin Services PMI number release from China at 8:45 p.m. That may show virus impact on Chinese economy. On Friday we will get the important U.S. monthly jobs data release. Take a look at our Monday’s Market News Report to find out more!

Check more of our free articles on our website – just drop by and have a look. We encourage you to sign up for our daily newsletter, too – it’s free and if you don’t like it, you can unsubscribe with just 2 clicks. If you sign up today, you’ll also get 7 days of free access to our premium daily Gold & Silver Trading Alerts. Sign up for the free newsletter today!

Thank you.

Paul Rejczak
Stock Trading Strategist
Sunshine Profits – Effective Investments through Diligence and Care


Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Market News Report: March 2, 2020 – March 6, 2020

Stocks and oil were crashing and the price of gold was rallying last week. The financial markets went full risk-off following corona virus scare. This week we will have some quite important releases including Friday’s U.S. monthly jobs report, but will the economic data move markets more than virus news? Let’s take a look at the details.

The week behind

Last week’s economic data releases have been overshadowed by the ongoing corona virus crisis. The gold price rallied and the stock market basically crashed. And series of economic data releases in the U.S. didn’t help much. Tuesday’s CB Consumer Confidence was slightly worse than expected, However, in the following days the data releases were actually better than expected or in line with expectations. Overall, financial markets went full risk-off last week and the most important news was about COVID-19 virus and its potential global impact.

The week ahead

What about the coming week? The financial markets will await Friday’s U.S. Nonfarm Payrolls number release. It is supposed to be the most important economic data release of the week. Then there will be ISM Manufacturing and Non-Manufacturing PMI numbers releases on Monday and Wednesday. On Wednesday, we will also get the ADP Non-Farm Employment Change. The currency traders will await this week’s economic data releases from Australia and Canada. Last but not least, the coming week will be very important for the oil market. Let’s take a look at key highlights:

  • Friday’s Nonfarm Payrolls along with Unemployment Rate will be the most important economic data releases this week.
  • On Monday we will get the ISM Manufacturing PMI and on Wednesday the ISM Non-Manufacturing PMI will be released.
  • Wednesday’s ADP Non-Farm Employment Change number will be the first look at U.S. jobs market condition in February, before the mentioned Friday’s monthly jobs data release.
  • This week we will also have some quite important economic data releases from Australia and Canada.
  • Oil traders will surely await Thursday’s-Friday’s OPEC Meetings.

You will find this week’s the key news releases below (EST time zone). For your convenience, we broken them down per market to which they are particularly important, so that you know what to pay extra attention to, if you have or plan to have positions in one of them. Moreover, we put the particularly important news in bold. This kind of news is what is more likely to trigger volatile movements. The news that are not in bold usually don’t result in bigger intraday moves, so unless one is engaging in a particularly active form of day trading, it might be best to focus on the news that we put in bold. Of course, you are free to use the below indications as you see fit. As far as we are concerned, we are usually not engaging in any day trading during days with “bold” events on a given market. However, in case of more medium-term trades, we usually choose to be aware of the increased intraday volatility, but not change the currently opened position.

Our Market News Report consists of two different time-related perspectives. The investors’ perspective is only suitable for the long-term investments. The single economic data releases rarely cause major outlook changes. Hence, we will only see a handful of bold markings every week. On the other hand, the traders’ perspective is for traders and day-traders, because the assets’ prices are likely to react on a single piece of economic data. So, there will be a lot more bold markings on potentially market-moving news every week.

Investors’ Perspective

Gold, Silver, and Mining Stocks

Monday, March 2

  • 10:00 a.m. U.S. – ISM Manufacturing PMI

Tuesday, March 3

  • 8:45 p.m. China – Caixin Services PMI

Wednesday, March 4

  • 8:15 a.m. U.S. – ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. – ISM Non-Manufacturing PMI

Friday, March 6

  • 8:30 a.m. U.S. – Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings m/m

Crude Oil

Monday, March 2

  • 10:00 a.m. U.S. – ISM Manufacturing PMI

Tuesday, March 3

  • 4:30 p.m. U.S. – API Weekly Crude Oil Stock
  • 8:45 p.m. China – Caixin Services PMI

Wednesday, March 4

  • 8:15 a.m. U.S. – ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. – ISM Non-Manufacturing PMI
  • 10:30 a.m. U.S. – Crude Oil Inventories

Thursday, March 5

  • All Day – OPEC Meetings

Friday, March 6

  • 8:30 a.m. U.S. – Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • All Day – OPEC-JMMC Meetings

Stock Markets

Monday, March 2

  • 10:00 a.m. U.S. – ISM Manufacturing PMI

Tuesday, March 3

  • 8:45 p.m. China – Caixin Services PMI

Wednesday, March 4

  • 8:15 a.m. U.S. – ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. – ISM Non-Manufacturing PMI

Friday, March 6

  • 8:30 a.m. U.S. – Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings m/m

EUR/USD

Monday, March 2

  • 3:55 a.m. Eurozone – German Final Manufacturing PMI
  • 10:00 a.m. U.S. – ISM Manufacturing PMI

Tuesday, March 3

  • 5:00 a.m. Eurozone – CPI Flash Estimate y/y

Wednesday, March 4

  • 8:15 a.m. U.S. – ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. – ISM Non-Manufacturing PMI
  • 1:30 p.m. Eurozone – German Buba President Weidmann Speech

Friday, March 6

  • 8:30 a.m. U.S. – Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings m/m

USD/JPY

Friday, March 6

  • 8:30 a.m. U.S. – Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings m/m

GBP/USD

Monday, March 2

  • 4:30 a.m. U.K. – Final Manufacturing PMI

Wednesday, March 4

  • 8:15 a.m. U.S. – ADP Non-Farm Employment Change

Thursday, March 5

  • 12:00 p.m. U.K. – BOE Governor Carney Speech

Friday, March 6

  • 8:30 a.m. U.S. – Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings m/m

USD/CAD

Monday, March 2

  • 9:30 a.m. Canada – Manufacturing PMI
  • 10:00 a.m. U.S. – ISM Manufacturing PMI

Tuesday, March 3

  • 8:45 p.m. China – Caixin Services PMI

Wednesday, March 4

  • 8:15 a.m. U.S. – ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. – ISM Non-Manufacturing PMI
  • 10:00 a.m. Canada – Overnight Rate, BOC Rate Statement
  • 2:00 p.m. U.S. – Beige Book

Thursday, March 5

  • 12:45 p.m. Canada – BOC Governor Poloz Speech

Friday, March 6

  • 8:30 a.m. U.S. – Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings m/m
  • 8:30 a.m. Canada – Employment Change, Unemployment Rate, Trade Balance
  • 10:00 a.m. Canada – Ivey PMI

AUD/USD

Monday, March 2

  • 10:00 a.m. U.S. – ISM Manufacturing PMI
  • 7:30 p.m. Australia – Building Approvals m/m, Current Account
  • 10:30 p.m. Australia – Cash Rate, RBA Rate Statement

Tuesday, March 3

  • 7:30 p.m. Australia – GDP q/q
  • 8:45 p.m. China – Caixin Services PMI

Wednesday, March 4

  • 8:15 a.m. U.S. – ADP Non-Farm Employment Change
  • 10:00 a.m. U.S. – ISM Non-Manufacturing PMI

Thursday, March 5

  • 7:30 p.m. Australia – Retail Sales m/m

Friday, March 6

  • 8:30 a.m. U.S. – Non-Farm Payrolls, Unemployment Rate, Average Hourly Earnings m/m

Summing up, if you’re an investor and not a trader, you should pay extra attention to Friday’s U.S. monthly jobs data release. The late-week OPEC Meetings will be important for the oil traders. Plus, there will be series of important economic news releases from Australia and Canada.

We hope you enjoyed reading the above free analysis, and we encourage you to read today’s Market News Report – this analysis’ full version. The full Alert includes also the Traders’ Perspective which is very useful for the people who trade within shorter time frames. There’s no risk in subscribing right away, because there’s a 30-day money back guarantee for all our products, so we encourage you to subscribe today.

Check more of our free articles on our website – just drop by and have a look. We encourage you to sign up for our daily newsletter, too – it’s free and if you don’t like it, you can unsubscribe with just 2 clicks. If you sign up today, you’ll also get 7 days of free access to our premium daily Gold & Silver Trading Alerts. Sign up for the free newsletter today!

Thank you.

Paul Rejczak
Stock Trading Strategist
Sunshine Profits – Effective Investments through Diligence and Care

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Gold Daily News: Monday, March 2

The gold futures contract lost 4.61% on Friday, as it retraced its whole February advance in just one day. The price collapsed below $1,600 mark despite the ongoing corona virus scare. The recent short-term volatility marked a topping pattern before that sell-off. Investors were buying safe-haven asset amid corona virus outbreak, economic slowdown fears recently. But then gold bounced off $1,700 mark and reversed the uptrend.

Gold is 0.3% higher this morning, as it fluctuates following Friday’s collapse. What about the other precious metals? Silver lost a stunning 7.21% on Friday. Today it is just 0.2% higher. Platinum lost 4.51% on Friday, and right now the metal is trading 0.9% lower. It extends the sell-off below $900. Palladium lost 8.14% on Friday after bouning off the all-time high level. Right now it is 2.6% lower.

The financial markets went full risk-off last week, as corona virus fears dominated the news. This week is beginning with a lot of uncertainty and volatility. Investors will wait for the ISM Manufacturing PMI release at 10:00 a.m. today. However, economic data releases have been overshadowed by the virus scare recently. Will the other news move markets in the near future? On Friday we will get the important U.S. monthly jobs data release. Take a look at our Today’s Market News Report to find out more!

Check more of our free articles on our website – just drop by and have a look. We encourage you to sign up for our daily newsletter, too – it’s free and if you don’t like it, you can unsubscribe with just 2 clicks. If you sign up today, you’ll also get 7 days of free access to our premium daily Gold & Silver Trading Alerts. Sign up for the free newsletter today!

Thank you.

Paul Rejczak
Stock Trading Strategist
Sunshine Profits – Effective Investments through Diligence and Care

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Gold Daily News: Friday, February 28

The gold futures contract lost 0.04% on Thursday, as it continued to fluctuate after retracing most of Friday’s-Monday’s rally. The daily trading range remained relatively big yesterday, as it reached over 25 dollars. It shows how high short-term volatility is. Investors were buying the safe-haven asset amid corona virus outbreak, economic slowdown fears recently. But gold has retraced a big chunk of that rally after bouncing off $1,700 mark.

Gold is 1.3% lower this morning despite stock market’s sell-off and the mentioned corona virus fears. What about the other precious metals? Silver lost 1.00% on Thursday. Today silver is 4.0% lower after breaking below January lows. Platinum lost 1.02% on Thursday, and right now it is trading 3.3% lower. The metal broke below $900. Palladium was the only gainer again, as it advanced by 1.68% yesterday. However, it is 3.9% lower this morning.

The financial markets went risk-off since last Friday, as corona virus fears came back again. Yesterday’s Durable Goods Orders release was mixed, the Preliminary GDP was in line with expectations and Pending Home Sales number was better than expected. However, stocks accelerated their sell-off and the S&P 500 index lost a stunning 4.42%.

Today we will have the Personal Spending and Personal Income numbers release at 8:30 a.m. Then at 9:45 a.m. the Chicago PMI will be released. There will also be Michigan Consumer Sentiment number release at 10:00 a.m. So a lot of news releases ahead of us this morning. However, economic data releases seem less important than the mentioned virus scare recently.

Check more of our free articles on our website – just drop by and have a look. We encourage you to sign up for our daily newsletter, too – it’s free and if you don’t like it, you can unsubscribe with just 2 clicks. If you sign up today, you’ll also get 7 days of free access to our premium daily Gold & Silver Trading Alerts. Sign up for the free newsletter today!

Thank you.

Paul Rejczak
Stock Trading Strategist
Sunshine Profits – Effective Investments through Diligence and Care

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Gold Daily News: Thursday, February 27

The daily trading range reached over 30 dollars and it shows how high short-term volatility is. Investors were buying the safe-haven asset amid corona virus outbreak, economic slowdown fears recently. But gold has retraced a big chunk of that rally after bouncing off $1,700 mark.

Gold is gaining 0.7% this morning, as corona virus fears continue to dominate financial markets. What about the other precious metals? Silver lost 1.52% on Wednesday, as it got back to its Tuesday’s daily low. And the price fell below $18 mark. Silver is currently 0.9% higher. Platinum lost 1.88% on Tuesday, and right now it is trading 0.2% higher.

The metal bounced off $1,000 mark and it is getting closer to $900. Palladium was the only gainer again on Wednesday, as it advanced by 0.72%. However, it is retracing some of the short-term uptrend today, as it trades 1.2% lower.

The financial markets went risk-off since last Friday, as corona virus fears came back again. The economic data releases seem less important than the mentioned virus scare recently. Yesterday’s New Home Sales number was better than expected but it didn’t improve investors’ sentiment that much. Today we will have the Durable Goods Orders along with Preliminary GDP number release at 8:30 a.m. Then at 10:00 the Pending Home Sales data will be released. Take a look at our Monday’s Market News Report to find out more!

Check more of our free articles on our website – just drop by and have a look. We encourage you to sign up for our daily newsletter, too – it’s free and if you don’t like it, you can unsubscribe with just 2 clicks. If you sign up today, you’ll also get 7 days of free access to our premium daily Gold & Silver Trading Alerts. Sign up for the free newsletter today!

Thank you.

Paul Rejczak
Stock Trading Strategist
Sunshine Profits – Effective Investments through Diligence and Care


Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Gold Daily News: Wednesday, February 26

It clearly shows how high short-term volatility is. Investors were buying the safe-haven asset amid corona virus outbreak, economic slowdown fears recently. But gold is retracing a big chunk of that rally after bouncing off $1,700 mark.

Gold is gaining 0.2% this morning, as it fluctuates after yesterday’s decline. What about the other precious metals? Silver lost 3.63% on Tuesday, as it retraced most of the recent advances. The price fell below $18 mark, before closing above it. Silver is currently 0.5% lower. Platinum lost 4.30% on Tuesday, and right now it is trading 0.7% lower. The metal bounced off $1,000 mark and now it gets closer to $900. Palladium was the only gainer yesterday, as it rallied 5.02%. The metal extends the short-term uptrend today, as it is gaining additional 0.8%.

The financial markets went risk-off since Friday, as corona virus fears came back again. Yesterday’s CB Consumer Confidence release has been slightly worse than expected and it added fuel to a fire. The stock market has sold off again. But the economic data releases seem less important than the mentioned virus scare recently. Nevertheless, today we will have the usually important New Home Sales number release at 10:00 a.m. Take a look at our Monday’s Market News Report to find out more!

Check more of our free articles on our website – just drop by and have a look. We encourage you to sign up for our daily newsletter, too – it’s free and if you don’t like it, you can unsubscribe with just 2 clicks. If you sign up today, you’ll also get 7 days of free access to our premium daily Gold & Silver Trading Alerts. Sign up for the free newsletter today!

Thank you.

Paul Rejczak
Stock Trading Strategist
Sunshine Profits – Effective Investments through Diligence and Care


Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Gold Daily News: Tuesday, February 25

The price of gold is the highest since early 2013. Investors keep buying the safe-haven asset amid corona virus outbreak, economic slowdown fears. Today gold is retracing some of that rally following bouncing off $1,700 mark.

Gold is retracing some of its recent rally this morning, as it is declining by 0.5%. What about the other precious metals? Silver gained 1.87% on Monday, as it got back to the early January local high. It was just below $19. This morning it is 1.3% lower. Platinum lost 0.19% on Monday, and it is 0.7% lower right now. The metal bounced back off $1,000 mark again. Palladium accelerated the uptrend recently and on Thursday and Friday it went sideways. Yesterday it lost 3.23%. Palladium price is 1.1% higher today.

The financial markets went risk-off since Friday, as corona virus fears came back again. Investors will now wait for today’s CB Consumer Confidence number release. But will the economic data be more important than the mentioned virus scare in the coming days? There will be series of news releases this week. Take a look at our Monday’s Market News Report to find out more!

Check more of our free articles on our website – just drop by and have a look. We encourage you to sign up for our daily newsletter, too – it’s free and if you don’t like it, you can unsubscribe with just 2 clicks. If you sign up today, you’ll also get 7 days of free access to our premium daily Gold & Silver Trading Alerts. Sign up for the free newsletter today!

Thank you.

Paul Rejczak
Stock Trading Strategist
Sunshine Profits – Effective Investments through Diligence and Care


Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Gold Daily News: Monday, February 24

The price of gold is the highest since early 2013. Investors keep buying the safe-haven asset amid coronavirus outbreak, economic slowdown fears. Today gold is much higher again.

Gold is extending its short-term uptrend this morning following an overnight daily gap-up opening. The gold price got closer to $1,700. Right now, it is 2.0% higher. What about the other precious metals? Silver gained 1.15% on Friday, as it got closer to the early January local high. This morning it is 1.3% higher. Platinum lost 0.30% on Friday, and it is down 1.2% right now. The metal bounced back off $1,000 mark. Palladium accelerated the uptrend recently and on Thursday and Friday it went sideways. On Friday it gained 1.22%. Palladium price is 1.9% lower today.

The financial markets are going risk-off since Friday, as corona virus fears are coming back again. Investors will now wait for tomorrow’s CB Consumer Confidence number release. But will the economic data be more important than the mentioned virus scare in the coming days. There will be a series of news releases this week. Take a look at our Today’s Market News Report to find out more!

Check more of our free articles on our website – just drop by and have a look. We encourage you to sign up for our daily newsletter, too – it’s free and if you don’t like it, you can unsubscribe with just 2 clicks. If you sign up today, you’ll also get 7 days of free access to our premium daily Gold & Silver Trading Alerts. Sign up for the free newsletter today!

Thank you.

Paul Rejczak
Stock Trading Strategist
Sunshine Profits – Effective Investments through Diligence and Care


Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Gold Daily News: Friday, February 21

The gold futures contract gained 0.54% on Thursday, as it extended the recent advance even further above $1,600 mark. The price of gold has reached new medium-term high of $1,626.50. It is the highest since 2013. Investors keep buying the safe-haven asset despite rising U.S. dollar. Today gold is higher again.

Gold is extending its short-term uptrend again this morning, as it is gaining additional 0.9%. What about the other precious metals? Silver gained just 0.04% on Thursday, as it remained above the late January local high. This morning it is 0.7% higher. Platinum lost 2.54% yesterday, and today it is 0.6% higher. The metal got back below $1,000 mark. Palladium accelerated the uptrend recently and yesterday it went sideways, as it gained just 0.11%. Palladium price is 0.9% higher today.

The financial markets went risk-off yesterday despite a better-than-expected Philly Fed Manufacturing Index release. Was it just profit-taking action or some downward reversal? Falling stock prices gave additional boost to gold price advance. Today, the markets will await the important Flash Manufacturing PMI and Flash Services PMI numbers release at 9:45 a.m. We will also have the Existing Home Sales release at 10:00 a.m.

Check more of our free articles on our website – just drop by and have a look. We encourage you to sign up for our daily newsletter, too – it’s free and if you don’t like it, you can unsubscribe with just 2 clicks. If you sign up today, you’ll also get 7 days of free access to our premium daily Gold & Silver Trading Alerts. Sign up for the free newsletter today!

Thank you.

Paul Rejczak
Stock Trading Strategist
Sunshine Profits – Effective Investments through Diligence and Care

* * * * *

Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

 

Gold Daily News: Thursday, February 20

The price of gold broke slightly above its January 8 local high of $1,613.30, before closing the highest since the first half of 2013. Investors keep buying the safe-haven asset despite record-breaking stock market and rising U.S. dollar.

Gold is extending its short-term uptrend this morning, as it gains additional 0.4%. What about the other precious metals? Silver gained 0.89% on Wednesday, as it broke slightly above its late January local high. The price remains above $18 mark. But it is declining 0.2% this morning. Platinum gained 1.07% yesterday, and today it is 0.7% lower. The metal remains at $1,000 mark. Palladium accelerated the uptrend once again on Wednesday, as it gained 2.95%. However, it retraced most of its intraday advance yesterday. Palladium is 1.3% lower today.

The financial markets fluctuated following yesterday’s FOMC Meeting Minutes release. Stocks remained close to record highs, and gold extended the uptrend. However, the Fed news wasn’t a market-mover. Today we will wait for the Philly Fed Manufacturing Index release at 8:30 a.m. Will the data show coronavirus-related contraction? Take a look at our Monday’s Market News Report to find out more!

Check more of our free articles on our website – just drop by and have a look. We encourage you to sign up for our daily newsletter, too – it’s free and if you don’t like it, you can unsubscribe with just 2 clicks. If you sign up today, you’ll also get 7 days of free access to our premium daily Gold & Silver Trading Alerts. Sign up for the free newsletter today!

Thank you.

Paul Rejczak
Stock Trading Strategist
Sunshine Profits – Effective Investments through Diligence and Care


Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Stock Pick Update: February 19 – February 25, 2020

Here are our stock picks for the Wednesday, February 19 – Tuesday, February 25 period.

The Stock Pick Update for the Wednesday, February 11 – Tuesday, February 18, 2020 period resulted in a modest loss of 0.22%. The S&P 500 index has lost just 0.01% in the same period. So our stock picks were relatively slightly weaker than the broad stock market. However, our average long result was better than the broad stock market’s gauge.

Our last week’s short stock picks weren’t profitable, as they worsened our overall result, but the stock market has entered a period of short-term uncertainty following recent rally. If stocks were in a more prolonged downward correction, being able to profit anyway, would be extremely valuable. Of course, it’s not the point of our Stock Pick Updates to forecast where the general stock market is likely to move, but rather to provide you with stocks that are likely to generate profits regardless of what the S&P does.

This means that our overall stock-picking performance can be summarized on the chart below. The assumptions are: starting with $100k, no leverage used. The data before Dec 24, 2019 comes from our internal tests and data after that can be verified by individual Stock Pick Updates posted on our website.

Below we include statistics and the details of our three recent updates:

  • Feb 18, 2020
    Long Picks (Feb 11 open – Feb 18 close % change): PSX (-2.96%), DD (+1.00%), PNC (-2.96%), NRG (+2.83%), EXR (+3.66%)
    Short Picks (Feb 11 open – Feb 18 close % change): NEE (+3.91%), PLD (+1.76%), AMD (+4.33%), PXD (-2.28%), DOW (-3.92%)
    Average long result: +0.32%, average short result: -0.76%
    Total profit (average): -0.22%
  • Feb 11, 2020
    Long Picks (Feb 5 open – Feb 11 close % change): PSX (-0.11%), MS (+1.68%), DD (-1.09%), PEG (-1.98%), NTAP (+3.59%)
    Short Picks (Feb 5 open – Feb 11 close % change): ETR (+1.93%), NOW (-2.72%), PEAK (+0.69%), HAL (-2.07%), STT (+0.91%)
    Average long result: +0.42%, average short result: +0.29%
    Total profit (average): +0.36%
  • Feb 4, 2020
    Long Picks (Jan 29 open – Feb 4 close % change): SLB (-0.67%), VMC (+2.26%), WFC (-0.34%), CNP (+0.72%), CTSH (+0.94%)
    Short Picks (Jan 29 open – Feb 4 close % change): ATO +0.78%), AAPL (-1.73%), PEAK (-0.11%), KMI (+0.28%, ex div. -$0.25), NEM (-0.16%)
    Average long result: +0.58%, average short result: +0.19%
    Total profit (average): +0.39%

The broad stock market has reached historically high levels recently. The breathtaking correction in December of 2018 was followed by the record-breaking comeback rally. The late October – early November breakout led to another leg higher, as the S&P 500 index broke above 3,300 mark. But will the rally continue? If the market goes higher, which stocks are going to beat the index? And if it reverses down from here, which stocks are about to outperform on the short side?

We will provide stock trading ideas based on our in-depth technical and fundamental analysis, but since the main point of this publication is to provide the top 5 long and top 5 short candidates (our opinion, not an investment advice) for this week, we will focus solely on the technicals. The latter are simply more useful in case of short-term trades.

We will assume the following: the stocks will be bought or sold short on the opening of today’s trading session (February 19) and sold or bought back on the closing of the next Tuesday’s trading session (February 25).

First, we will take a look at the recent performance by sector. It may show us which sector is likely to perform best in the near future and which sector is likely to lag. Then, we will select our buy and sell stock picks.

There are eleven stock market sectors: Energy, Materials, Industrials, Consumer Discretionary, Consumer Staples, Health Care, Financials, Technology, Communications Services, Utilities and Real Estate. They are further divided into industries, but we will just stick with these main sectors of the stock market.

We will analyze them and their relative performance by looking at the Select Sector SPDR ETF’s.

Let’s start with our first charts (charts courtesy of www.stockcharts.com).

There’s S&P 500’s 30-minute chart along with market sector indicators for the past month. The S&P 500 index has gained 1.62% since January 17. The strongest sector was the Utilities XLU, as it gained 7.06%. The Real Estate XLRE gained 5.84% and the Technology XLK gained 5.29%.

On the other hand, the weakest sector was the Energy XLE, as it lost 9.06%. The Health Care XLV lost 0.89% and the Materials XLB lost 0.84%.

Based on the above, we decided to choose our stock picks for the next week. We will choose our top 3 long and top 3 short candidates using a contrarian approach, and top 2 long and top 2 short candidates using trend-following approach:

Contrarian approach (betting against the recent trend):

  • buys: 1 x Energy, 1 x Health Care, 1 x Materials
  • sells: 1 x Utilities, 1 x Real Estate, 1 x Technology

Trend-following approach:

  • buys: 1 x Utilities, 1 x Real Estate
  • sells: 1 x Energy, 1 x Health Care

Contrarian approach

Top 3 Buy Candidates

XEC Climarex Energy Co. – Energy

  • Declining wedge pattern – potential upward reversal
  • Technically oversold – short-term correction play
  • Potential resistance level of $42-44

BSX Boston Scientific Corp. – Health Care

  • The price remains above support level of $41.5-42.0
  • Potential breakout above month-long downward trend line
  • Potential resistance level of $43.5-44.5 (upside profit target level)

NUE Nucor Corp. – Materials

  • Potential breakout above declining wedge pattern
  • Positive technical divergences
  • The price bounces off support level of $47

Summing up, the above contrarian long stock picks are just a part of our whole Stock Pick Update. The Energy, Materials and Health Care sectors were the weakest since January 17. So that part of our ten long and short stock picks is meant to outperform in the coming days if the broad stock market acts in a different way than before.

We hope you enjoyed reading the above free analysis, and we encourage you to read today’s Stock Pick Update – this analysis’ full version. There, we include the remaining long and short stock picks for the next week. There’s no risk in subscribing right away, because there’s a 30-day money back guarantee for all our products, so we encourage you to subscribe today.

Check more of our free articles on our website – just drop by and have a look. We encourage you to sign up for our daily newsletter, too – it’s free and if you don’t like it, you can unsubscribe with just 2 clicks. If you sign up today, you’ll also get 7 days of free access to our premium daily Gold & Silver Trading Alerts. Sign up for the free newsletter today!

Thank you.

Paul Rejczak
Stock Trading Strategist
Sunshine Profits – Effective Investments through Diligence and Care


Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Gold Daily News: Wednesday, February 19

The yellow metal broke above February 3 local high and $1,600 level, but it closed slightly below January 8 high of $1,613.30. Investors keep buying the safe-haven asset despite record-breaking stock market and rising U.S. dollar.

The recent China virus fears didn’t scare risk-on assets’ investors, however gold kept extending its short-term uptrend. This morning it gains 0.1%. What about the other precious metals? Silver gained 2.35% on Tuesday, as it got close to January local highs. The price is now above $18 mark and it’s 0.2% higher this morning. Platinum gained 2.59% on Tuesday, and today it is gaining 1.3%. The metal is back above $1,000 mark again. Palladium accelerated the uptrend yesterday, as it gained 7.81%. Today, it is gaining additional 6.1%.

The financial markets will now wait for this week’s most important economic data release – we will get the FOMC Meeting Minutes at 2:00 p.m. Take a look at our Monday’s Market News Report to find out more!

Check more of our free articles on our website – just drop by and have a look. We encourage you to sign up for our daily newsletter, too – it’s free and if you don’t like it, you can unsubscribe with just 2 clicks. If you sign up today, you’ll also get 7 days of free access to our premium daily Gold & Silver Trading Alerts. Sign up for the free newsletter today!

Thank you.

Paul Rejczak
Stock Trading Strategist
Sunshine Profits – Effective Investments through Diligence and Care


Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Gold Daily News: Tuesday, February 18

The yellow metal got close to resistance level of $1,600 again, as it reached daily high of $1,588.20. Yesterday, the price of gold went even higher retracing more of its early February downturn, but it is still slightly below February 3 high of $1,598.50.

The recent China virus fears didn’t scare risk-on assets’ investors, however gold extended its short-term uptrend. This morning it is gaining 0.4%. What about the other precious metals? Silver gained 0.65% on Friday, as it retraced more of the recent decline. It is trading 0.6% higher this morning. Platinum lost 0.61%, and today it is 1.0% higher. Palladium lost 1.46% on Friday, as it bounced off its record highs. This morning it is gaining 0.6%.

The financial markets are digesting today’s much worse-than-expected German ZEW Economic Sentiment number release. We also got an overnight profit warning from Apple and stock markets are declining. Investors will also wait for the Empire State Manufacturing Index release at 8:30 a.m. But the most important piece of economic data release this week will be Wednesday’s FOMC Meeting Minutes. Take a look at our yesterday’s Market News Report to find out more!

Check more of our free articles on our website – just drop by and have a look. We encourage you to sign up for our daily newsletter, too – it’s free and if you don’t like it, you can unsubscribe with just 2 clicks. If you sign up today, you’ll also get 7 days of free access to our premium daily Gold & Silver Trading Alerts. Sign up for the free newsletter today!

Thank you.

Paul Rejczak
Stock Trading Strategist
Sunshine Profits – Effective Investments through Diligence and Care


Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Market News Report: February 17, 2020 – February 21, 2020

The financial markets continued trading in a risk-on mode last week, as China virus fears were easing and economic data was supporting Fed’s easy monetary policy.

The week behind

The coronavirus fears have almost disappeared last week, as investors’ sentiment has been improving following the record-breaking U.S. stock market rally. Tuesday’s-Wednesday’s Testimony from the Fed’s Jerome Powell reassured global financial markets that easy monetary policy will be continued in the future. And we highlighted it in our last week’s Market News Report. Thursday’s Consumer Price Index came in as expected, so inflation remains very low. However, Friday’s Retail Sales number wasn’t that good. And the price of gold remained within a short-term uptrend last week.

The week ahead

What about the coming week? Probably the most important piece of economic data will be Wednesday’s FOMC Meeting Minutes release. Investors will get detailed insights regarding FOMC’s stance on monetary policy. We will also have series of quite important economic data releases from U.S. and the Eurozone. Be sure to check them out in the coming days. Let’s take a look at key highlights:

  • Wednesday’s FOMC Meeting Minutes will be the most important economic data release this week.
  • We will also get series of other quite important U.S. economic data announcements – Empire State Manufacturing Index on Tuesday, Producer Price Index, Housing Starts, Building Permits on Wednesday, Philly Fed Manufacturing Index on Thursday, and the Flash Manufacturing PMI, Flash Services PMI releases on Friday.
  • There will also be important economic data releases in the Eurozone – on Tuesday we will get the German ZEW Economic Sentiment, on Thursday the ECB Monetary Policy Meeting Accounts will be released and on Friday we will get PMI numbers from Germany and France, among others.
  • The currency traders will surely have to focus on this week’s economic data releases from Australia, Canada and the U.K.

You will find this week’s the key news releases below (EST time zone). For your convenience, we broken them down per market to which they are particularly important, so that you know what to pay extra attention to, if you have or plan to have positions in one of them. Moreover, we put the particularly important news in bold. This kind of news is what is more likely to trigger volatile movements.

The news that are not in bold usually don’t result in bigger intraday moves, so unless one is engaging in a particularly active form of day trading, it might be best to focus on the news that we put in bold. Of course, you are free to use the below indications as you see fit. As far as we are concerned, we are usually not engaging in any day trading during days with “bold” events on a given market. However, in case of more medium-term trades, we usually choose to be aware of the increased intraday volatility, but not change the currently opened position.

Our Market News Report consists of two different time-related perspectives. The investors’ perspective is only suitable for the long-term investments. The single economic data releases rarely cause major outlook changes. Hence, we will only see a handful of bold markings every week. On the other hand, the traders’ perspective is for traders and day-traders, because the assets’ prices are likely to react on a single piece of economic data. So, there will be a lot more bold markings on potentially market-moving news every week.

Investors’ Perspective

Gold, Silver, and Mining Stocks

Monday, February 17

  • All Day, U.S. – Bank Holiday – Washington’s Birthday

Tuesday, February 18

  • 8:30 a.m. U.S. – Empire State Manufacturing Index

Wednesday, February 19

  • 8:30 a.m. U.S. – PPI m/m, Core PPI m/m, Housing Starts, Building Permits
  • 2:00 p.m. U.S. – FOMC Meeting Minutes

Thursday, February 20

  • 8:30 a.m. U.S. – Philly Fed Manufacturing Index

Friday, February 21

  • 9:45 a.m. U.S. – Flash Manufacturing PMI

Crude Oil

Monday, February 17

  • All Day, U.S. – Bank Holiday – Washington’s Birthday

Tuesday, February 18

  • 8:30 a.m. U.S. – Empire State Manufacturing Index

Wednesday, February 19

  • 8:30 a.m. U.S. – PPI m/m, Core PPI m/m, Housing Starts, Building Permits
  • 2:00 p.m. U.S. – FOMC Meeting Minutes
  • 4:30 p.m. U.S. – API Weekly Crude Oil Stock

Thursday, February 20

  • 8:30 a.m. U.S. – Philly Fed Manufacturing Index
  • 11:00 a.m. U.S. – Crude Oil Inventories

Friday, February 21

  • 9:45 a.m. U.S. – Flash Manufacturing PMI

Stock Markets

Monday, February 17

  • All Day, U.S. – Bank Holiday – Washington’s Birthday

Tuesday, February 18

  • 5:00 a.m. Eurozone – German ZEW Economic Sentiment
  • 8:30 a.m. U.S. – Empire State Manufacturing Index

Wednesday, February 19

  • 8:30 a.m. U.S. – PPI m/m, Core PPI m/m, Housing Starts, Building Permits
  • 2:00 p.m. U.S. – FOMC Meeting Minutes

Thursday, February 20

  • 8:30 a.m. U.S. – Philly Fed Manufacturing Index

Friday, February 21

  • 3:15 a.m. Eurozone – French Flash Services PMI
  • 3:30 a.m. Eurozone – German Flash Manufacturing PMI, German Flash Services PMI
  • 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. – Existing Home Sales

EUR/USD

Monday, February 17

  • Tentative, Eurozone – German Buba Monthly Report
  • All Day, Eurozone – Eurogroup Meetings
  • All Day, U.S. – Bank Holiday – Washington’s Birthday

Tuesday, February 18

  • 5:00 a.m. Eurozone – German ZEW Economic Sentiment, ZEW Economic Sentiment
  • 8:30 a.m. U.S. – Empire State Manufacturing Index
  • All Day, Eurozone – ECOFIN Meetings

Wednesday, February 19

  • 8:30 a.m. U.S. – PPI m/m, Core PPI m/m, Housing Starts, Building Permits
  • 2:00 p.m. U.S. – FOMC Meeting Minutes

Thursday, February 20

  • 7:30 a.m. Eurozone – ECB Monetary Policy Meeting Accounts
  • 8:30 a.m. U.S. – Philly Fed Manufacturing Index

Friday, February 21

  • 3:15 a.m. Eurozone – French Flash Services PMI, French Flash Manufacturing PMI
  • 3:30 a.m. Eurozone – German Flash Manufacturing PMI, German Flash Services PMI
  • 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI
  • 10:00 a.m. U.S. – Existing Home Sales

USD/JPY

Monday, February 17

  • All Day, U.S. – Bank Holiday – Washington’s Birthday

Wednesday, February 19

  • 8:30 a.m. U.S. – PPI m/m, Core PPI m/m, Housing Starts, Building Permits
  • 2:00 p.m. U.S. – FOMC Meeting Minutes

Thursday, February 20

  • 6:30 p.m. Japan – National Core CPI y/y
  • 7:30 p.m. Japan – Flash Manufacturing PMI
  • 11:30 p.m. Japan – All Industries Activity m/m

GBP/USD

Monday, February 17

  • All Day, U.S. – Bank Holiday – Washington’s Birthday

Wednesday, February 19

  • 4:30 a.m. U.K. – CPI y/y
  • 8:30 a.m. U.S. – PPI m/m, Core PPI m/m, Housing Starts, Building Permits
  • 2:00 p.m. U.S. – FOMC Meeting Minutes

Thursday, February 20

  • 4:30 a.m. U.K. – Retail Sales m/m
  • 8:30 a.m. U.S. – Philly Fed Manufacturing Index

Friday, February 21

  • 4:30 a.m. U.K. – Flash Manufacturing PMI, Flash Services PMI

USD/CAD

Monday, February 17

  • All Day, U.S. – Bank Holiday – Washington’s Birthday
  • All Day, Canada – Holiday – Family Day

Wednesday, February 19

  • 8:30 a.m. U.S. – PPI m/m, Core PPI m/m, Housing Starts, Building Permits
  • 8:30 a.m. Canada – CPI m/m
  • 2:00 p.m. U.S. – FOMC Meeting Minutes

Thursday, February 20

  • 8:30 a.m. Canada – ADP Non-Farm Employment Change

Friday, February 21

  • 8:30 a.m. Canada – Retail Sales m/m, Core Retail Sales m/m
  • 9:45 a.m. U.S. – Flash Manufacturing PMI, Flash Services PMI

AUD/USD

Monday, February 17

  • 7:30 p.m. Australia – Monetary Policy Meeting Minutes
  • All Day, U.S. – Bank Holiday – Washington’s Birthday

Tuesday, February 18

  • 7:30 p.m. Australia – Wage Price Index q/q

Wednesday, February 19

  • 8:30 a.m. U.S. – PPI m/m, Core PPI m/m, Housing Starts, Building Permits
  • 2:00 p.m. U.S. – FOMC Meeting Minutes
  • 7:30 p.m. Australia – Employment Change, Unemployment Rate

Thursday, February 20

  • 8:30 a.m. U.S. – Philly Fed Manufacturing Index
  • 5:00 p.m. Australia – Flash Manufacturing PMI, Flash Services PMI

Summing up, if you’re an investor and not a trader, you should pay extra attention to the mentioned Wednesday’s FOMC Meeting Minutes release. Plus, there will be important economic data releases from Australia, Canada and the U.K. in the coming week.

We hope you enjoyed reading the above free analysis, and we encourage you to read today’s Market News Report – this analysis’ full version. The full Alert includes also the Traders’ Perspective which is very useful for the people who trade within shorter time frames. There’s no risk in subscribing right away, because there’s a 30-day money back guarantee for all our products, so we encourage you to subscribe today.

Check more of our free articles on our website – just drop by and have a look. We encourage you to sign up for our daily newsletter, too – it’s free and if you don’t like it, you can unsubscribe with just 2 clicks. If you sign up today, you’ll also get 7 days of free access to our premium daily Gold & Silver Trading Alerts. Sign up for the free newsletter today!

Thank you.

Paul Rejczak
Stock Trading Strategist
Sunshine Profits – Effective Investments through Diligence and Care


Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Gold Daily News: Thursday, February 13

Investors reacted to the Fed’ Jerome Powell’s Testimony again. The market is extending a month-long consolidation following January 8 run-up to new medium-term high of $1,613.30.

The gold is 0.5% higher this morning, as China virus fears re-appear again following some negative overnight news about virus case count revision. The market is above its Tuesday’s-Wednesday’s daily highs. What about the other precious metals? Silver lost 0.57% on Wednesday, as it extended its short-term downtrend. But it is currently 0.9% higher. Platinum lost 0.64%, and right now it is 0.4% higher. Palladium gained 2.51% yesterday, as it retraced its recent decline. This morning it is down 0.5%.

The financial markets will be waiting for the U.S. Consumer Price Index release at 8:30 a.m. It will be one of the most important economic data announcements this week. And we highlighted it our Monday’s Market News Report.

Check more of our free articles on our website – just drop by and have a look. We encourage you to sign up for our daily newsletter, too – it’s free and if you don’t like it, you can unsubscribe with just 2 clicks. If you sign up today, you’ll also get 7 days of free access to our premium daily Gold & Silver Trading Alerts. Sign up for the free newsletter today!

Thank you.

Paul Rejczak
Stock Trading Strategist
Sunshine Profits – Effective Investments through Diligence and Care


Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.

Gold Daily News: Wednesday, February 12

Investors reacted to the Fed’ Jerome Powell’s Testimony yesterday. The market continues to trade within a month-long consolidation following January 8 run-up to new medium-term high of $1,613.30.

The gold is 0.2% lower, as risk-on assets are gaining this morning. The market trades along yesterday’s local lows. What about the other precious metals? Silver lost 1.06% on Tuesday, as it retraced more of its recent advance. It is currently 0.6% lower. Platinum gained 0.68%, and right now it is 0.8% lower. Palladium gained 0.71% on Tuesday, as it fluctuated following last week’s Thursday’s sell-off. This morning it is down 0.4%.

The financial markets will be waiting for another day of the mentioned Jerome Powell’s Testimony at 10:00 a.m. We highlighted it as the important economic event of this week in our yesterday’s Market News Report.

Check more of our free articles on our website – just drop by and have a look. We encourage you to sign up for our daily newsletter, too – it’s free and if you don’t like it, you can unsubscribe with just 2 clicks. If you sign up today, you’ll also get 7 days of free access to our premium daily Gold & Silver Trading Alerts. Sign up for the free newsletter today!

Thank you.

Paul Rejczak
Stock Trading Strategist
Sunshine Profits – Effective Investments through Diligence and Care


Disclaimer

All essays, research and information found above represent analyses and opinions of Paul Rejczak and Sunshine Profits’ associates only. As such, it may prove wrong and be a subject to change without notice. Opinions and analyses were based on data available to authors of respective essays at the time of writing. Although the information provided above is based on careful research and sources that are believed to be accurate, Paul Rejczak and his associates do not guarantee the accuracy or thoroughness of the data or information reported. The opinions published above are neither an offer nor a recommendation to purchase or sell any securities. Mr. Rejczak is not a Registered Securities Advisor. By reading Paul Rejczak’s reports you fully agree that he will not be held responsible or liable for any decisions you make regarding any information provided in these reports. Investing, trading and speculation in any financial markets may involve high risk of loss. Paul Rejczak, Sunshine Profits’ employees and affiliates as well as members of their families may have a short or long position in any securities, including those mentioned in any of the reports or essays, and may make additional purchases and/or sales of those securities without notice.