Posts

Showing posts from July, 2023

Anomalies spotted on the silver market | week 29 (and 28) | 2023

Image
  Last two weeks (28 & 29 2023) had witnessed series of changes on the silver market. Futures and silver industry stocks showed some explicit anomalies, that will be elaborated further in this article.  Silver Futures the Commitments of Traders (COT) Report (week 29) shows significant change in the Commercials NET-short position. which also resulted in a rapid increase of the Open Interest.  Silver industry stocks Since last two weeks: (28 & 29) we do see a strong rebound on all analyzed silver stocks.  Currently, July's monthly returns for the silver stocks (as of the week 29), are ranging between 0 and +20% with mean and median around +11%.  Silver stocks volume On some of the Silver stocks during the week 28 significant volume spikes were observed.  Trading volume on the Silver industry stocks was explicitly unusual compared to the other 100 industries.  Silver stocks portfolio  Silver industry stocks during the week 28 were among weekly top earners (top area on the belo

Metals stocks dominance | Week 28 | 2023

Image
  Silver, Gold and Copper stocks showed significant strength during the 28th week on the US Stock Market. The below animated chart (week 28 US Stock Market) shows metals industry stocks at the top. Silver stocks in terms of volume behaved oddly compared to the other 100 stock industries. MAG | MAG Silver Corp | NYSE Significant volume detected in the recent weeks. Silver Relevant News: https://www.kitco.com/news/2023-07-11/Endeavour-Silver-increases-silver-and-gold-production-in-Q2-reaffirms-2023-guidance.html https://www.zacks.com/stock/news/2120131/endeavour-silvers-exk-q2-silver-production-rises-10-yy Suggested citation: Metals stocks dominance | Week 28 | 2023 https://www.financialdata.news/2023/07/metals-stocks-dominance-week-28-2023.html Written by  'Kolejarz' from the  MarketGeeks.pl  team.  ------------------------------------------------------------------------------------------------------------------------------------------------------ *** Disclaimer Please note tha

Is the housing market reaching its top? | Week 27 | 2023

Image
  During the week 27 major Residential Construction stocks showed sign of weakness.  None of the stocks ended up with the positive weekly return.  and that resulted in Residential Construction stock portfolio losing 9.09% during week 27.  That significant performance drop (-9.09%) on the entire portfolio was seen last time in June 2022  Residential Construction stocks in Market News.  As of the week 27, Residential Construction stocks were in Top 5 industries with the highest positive news sentiment - 53.6%.  Nonetheless, the negative news sentiment for that group increased 4.6% reaching 6.4% Relevant news: https://www.marketwatch.com/story/home-builder-stocks-take-a-broad-beating-as-10-year-yields-breakout-fuels-demand-concerns-351ee7da Data sources : EOD Data|  https://eodhistoricaldata.com / Data Analytics sources: Cloud analytics | US Stocks   FinancialMarkets.cloud   AI powered cloud based scanner that detects high/unusual volatility:   Skaner Kolejarz   Suggested citation: Is th

Review of the Collaborative Workshops organized by the Market Geeks Team

Image
     The following article summarizes the agenda of the collaborative workshops organized by the Market Geeks team that took place since 2022. Every new workshop review will be placed on the bottom of this article.  1st Collaborative Workshop | Warsaw | 31st Aug 2022 During the 1st collaborative workshop 4 different speakers delivered 5 presentations. Entire workshop took approximately 6hrs in a venue located in the heart of Warsaw's downtown. Topics in the workshop's agenda were relatively diversified and covered the following aspects: Trading system based on the retail traders FX volume (machine learning use-case). Psychology: How to sustain a perfect mindset for trading. How Quantum Computing is changing the world of finance. Example of an Asset Strategy for a Retirement Plan SIEM Use-case: How to secure your project and manage workload in the cloud environment.  2nd Collaborative Workshop | Cracow | 18th May 2023 Two speakers delivered two presentations related to the follo

Confectioners stocks under pressure | Week 26 | 2023

Image
  Confectioners stocks under pressure During the week 26 2023 Confectioners stocks were definitely struggling. None of the stocks within the industry had a positive weekly return. Moreover, median of the weekly returns was the lowest among all analyzed industries.  Interestingly, volume spikes (spotted during the week 25 2023) preceded last week price drop on the following stocks: Tootsie Roll Industries Inc and  The Hershey Company. Relevant Stocks News: https://investorplace.com/2023/06/dont-get-trapped-in-these-3-overvalued-blue-chips/ https://www.zacks.com/stock/news/2109041/what-lies-ahead-of-chocolate-etfs-amid-7-year-high-cocoa-prices Confectioners Portfolio Performance Futures Market Sugar (SB) Approximately two weeks ago (June 15), we could read about good perspectives for continued uptrend on both Sugar and Cocoa futures.  " Apart from cocoa, sugar, another principal ingredient of chocolate, is also witnessing price hikes — reaching an 11-year high in April. This is due