Thursday, June 13, 2013

Australian Dollar Plunges as Home Loans Dive; Australia Insolvencies Hit Record; Worst is Yet to Come

Curve Watchers Anonymous has its eye on the Australian dollar. As expected, it has taken a big dive in conjunction with a housing bust and a slowdown in China that impacts the demand for commodities.

The only thing surprising to me about this plunge is how long it took, but here we are. (more)

Please share this article

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT)

J.B. Hunt Transport Services, Inc., together with its subsidiaries, provides transportation and delivery services in the continental United States, Canada, and Mexico. The company operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Full-Load Dry-Van (JBT). The JBI segment offers intermodal freight solutions, including origin and destination pickup, and delivery services. The DCS segment designs, develops, and executes supply-chain solutions, which support various transportation networks. The ICS segment offers non-asset and asset-light transportation logistics solutions; and flatbed, refrigerated, expedited, and less-than-truckload solutions, as well as various dry-van and intermodal solutions. The JBT segment offers full-load and dry-van freight services by utilizing tractors operating over roads and highways.
To review potential trading opportunities with J.B’s stock, please take a look at the 1-year chart of JBHT (J.B. Hunt Transport Services, Inc.) below with my added notations:
1-year chart of JBHT (J.B. Hunt Transport Services, Inc.) After rallying nicely from its September low, JBHT has formed what may be a double top price pattern (red). Double tops are reversal patterns and are as simple as they sound: Rallying up to a point (T), selling off to a support, and then rallying back up again to approximately the same top (T). As with any price pattern, a confirmation of the pattern is needed. JBHT would confirm its pattern by breaking the $70 support (navy) that has been created by the double top pattern.
The Tale of the Tape: JBHT should be moving lower if it confirms its double top pattern. A short trade could be made on a break of support with a stop placed above the level. However, a trader could also go long at $70 as well if they believe JBHT is simply consolidating.
Please share this article

Land Of The Rising Bail In: Deposit Confiscation Coming To Japan Next

We now know that ‘muddle through’ is over, and just as we noted here “there may only be painful ways out of this crisis” as we evidenced by Europe’s attack on Cypriot depositors. With the pillars of Abenomics starting to crumble, it seems plans are afoot to prepare for the bank failures that will come from a BoJ-inspired out-of-control bond market.

As Nikkei reportsJapan’s Financial Services Agency will enact new rules that will forced failed bank losses on investors, if needed, via a mechanism known as a “bail-in.”

Please share this article

McAlvany Weekly Commentary

Chinese Prepare for Public Flood into Gold

About this week’s show: 
-Volker & Greenspan join ranks of the concerned
-Speculative gold shorts signal a bottom?
-Mountain biking and investment principles
Please share this article

TGH: This Dividend Stock Leads a $37-Trillion Industry

When most investors think of investing internationally, I’m guessing that Europe, China, South America or one of the emerging markets in Eastern Europe or Southeast Asia spring to mind.

I doubt many think of Bermuda as an investment destination.

That’s too bad, because Bermuda has more to offer than sugary-white sand beaches and alluring turquoise water.

Bermuda offers investment opportunity, particularly for income investors.

I say that because the High Yield Wealth portfolio features two exceptional Bermuda-domiciled income-generating recommendations. (more)

Please share this article