Namaste Technologies (NXTTF) Just Proved All it Needed to Prove

Jul 9, 2020

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01:13 PM PST

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Howdy folks. How was your Thursday?


As the old saying goes, when it rains, it pours. We got a little news today from a featured stock, and before we could even get through digesting the first press release, two more news nuggets were posted from some of the other companies we're keeping tabs on. We'll work through all three items, but don't worry - we'll keep it as brief as possible.


We have to begin with what we think is the most important one today... the announcement from Namaste Technologies (NXTTF, CNSX:N) that disclosed its November web traffic. It was impressive to say the least.

Boom! Stocks Clear the Hurdle. Here's Where the Real Test Begins.

Jul 9, 2020

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01:13 PM PST

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Well, there it is. It took a while to get the ball rolling this morning, but once stocks made their way above their pivotal hurdles, the buyers didn't look back. The gain didn't even require a catalyst to get moving.


A hint of the shape of things to come? Maybe. Or, as we've expressed already, one good surge may well be a much-needed "last hurrah." It's simply too soon to tell. We will tell you, however, the VIX didn't follow suit with a similarly sharp move lower. Maybe there's just not enough room for the VIX to do so. Or, maybe traders still don't actually have enough faith in this rally so far to send the VIX lower. That's a HUGE concern right now. Take a look.


The One Standout Within the Struggling Healthcare Sector

Jul 9, 2020

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01:13 PM PST

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Good Tuesday afternoon folks (or good Wednesday morning, for some of you). How about this market, huh? Against the odds, stocks logged another gain on Tuesday. Most of the major indices are once again within sight of a record high. You gotta hand it to the bulls... they're not backing down. We still have our doubts about this effort developing any follow-through, but the trend is your friend until proven otherwise.


We'll take a detailed look at it below, as always. The first thing we want to do is show you some news from one of our featured stocks you may have missed.


Long story made short, Nexus Gold (NXXGF, NXS) is buying rights to mine the Niangouela gold concession in Burkina Faso, West Africa. Now, this may ring a bell for some of you. This is the prospect the company announced it had signed a letter of intent to acquire back on November 23rd, when we first introduced NXXGF to you. Nothing's changed, really, other than the fact that the actual purchase agreement was signed rather than just the intent being disclosed. We were pretty much counting on a deal getting done anyway, but now it's official.

The U.S. Dollar is Back in the Driver's Seat

Jul 9, 2020

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01:13 PM PST

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Howdy folks. How was your weekend? If you were most anywhere in the continental Untied States, it was likely a cold and/or wet one. It's going to get worse before it get better too, if this map has anything to say about.



Yikes - there's no escaping that. Looks like winter is finally here, even if it doesn't officially get started until December 17th.

The Overlooked Troubling Detail About Friday's Modest Gain

Jul 9, 2020

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01:13 PM PST

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Hello friends and fellow traders, and welcome to the weekend. Unfortunately the market didn't end the week on a wildly bullish note, but in light of the breathtaking rally we saw unfurl over the course of the prior three weeks, we can't be too surprised.... or too disappointed.


We'll take a look at the market's action and outlook below, but first, we want to pick up where we left off with yesterday's newsletter and look at the plausible future of crude oil from a different perspective.


As a refresher, our gut feeling is that crude oil is positioned for meaningfully higher highs, but not because of OPEC's decision to cut back on its oil output. Rather, oil's apt to move higher -- for the long haul -- because the U.S. dollar is finally back in a position to move meaningfully lower.

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