Japanese Yen – Is Kuroda Trying to Talk it Up?

Last night in the Asian trading session, Bank of Japan Governor Kuroda made some remarks, which I found rather unusual.
Here is the actual quote:

“Once an increase in the U.S. interest rate is priced into the market, the actual action won’t necessarily lead to a further rise of the Dollar again the Yen”.

He then went on to further say:
“Provided there isn’t a surprise other than the market factoring in a higher U. S. interest rate, a further gain in the Dollar seems difficult”.
Continue Reading at TraderDan.com…
Please share this article

Be Prepared For When The Economy Collapses

Please share this article

Diplomat Pharmacy Inc (NYSE: DPLO)

Diplomat Pharmacy, Inc. operates as an independent specialty pharmacy in the United States. The company stocks, dispenses, and distributes prescriptions for various biotechnology and specialty pharmaceutical manufacturers. It also provides specialty infusion pharmacy, patient care coordination, clinical, compliance and persistency program, patient financial assistance, specialty pharmacy training/consulting, benefits investigation, prior authorization, risk evaluation and medication strategy, retail specialty, and hub services, as well as clinical and administrative support services to hospitals and health systems. The company’s primary focus is on medication management programs for individuals with complex chronic diseases, including oncology, immunology, hepatitis, multiple sclerosis, HIV, specialized infusion therapy, and various other serious or long-term conditions. Diplomat Pharmacy, Inc. has seven pharmacy locations in California, Connecticut, Florida, Illinois, Massachusetts, Michigan, and North Carolina.
Take a look at the 1-year chart of Diplomat (NYSE: DPLO) below with my added notations:

Over the last 8 months DPLO has been trending consistently higher, while also forming a nice trend line of support (green). Always remember that any (2) points can start a trend line, but it’s the 3rd test and beyond that confirm its relevance. As you can see, the market deems DPLO’s trendline to be very important. A pullback to that line will provide trading opportunities, one way or another.

The Tale of the Tape: DPLO has a trend line support to monitor. A long position could be entered on a pullback to the trendline, with a stop placed below the level of entry. A short position could be entered if DPLO were to break below its trendline.
Please share this article

Gold Market Update by Clive Maund

Although the longer-term bullish case for gold could scarcely be stronger, over the short to medium-term the picture continues weak, with it looking vulnerable to breaking down into another downleg to the $1000 area and perhaps lower. In the last update you may recall that there was some optimism expressed that it might perk up on the dollar topping out, but such has not proved to be the case – instead it has performed miserably and now looks set to drop more steeply to new lows.

On its 8-year chart we can see that gold remains in the grip of the bearmarket in force from its bullmarket highs of 2011. The breakdown from the top area during the earlier part of 2013 lead to a severe decline, which has been followed by a downsloping trading range that has been going on for 2 years now. Its recent poor performance suggests that it is going to break down from this range and gravitate towards the strong support in the $1000 area and perhaps lower towards the lower boundary of the major downtrend channel, which move should end the bearmarket.
Continue Reading at CliveMaund.com…
Please share this article