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US Daily Cash Deficit 5/8/2015

US Daily Cash Deficit 5/8/2015

The US Daily Cash Deficit for Friday 5/8/2015 was $1.1B bringing the May deficit through 8 days to $44B. At is standard practice here I have synced up 2014 and 2015 based on the days of week….so we are comparing May 2015 through Friday 5/8/ to May 2014 through Friday 5/9. This gives 2014 an […]
A Company Stuck At The Bottom Of Its Industry

A Company Stuck At The Bottom Of Its Industry

Photo Credit: Windell Oskay (Flickr) Check out this week’s Danger Zone interview with Chuck Jaffe of Money Life and MarketWatch.com. The semiconductor industry continues to grow rapidly and there are new uses emerging for these products on an almost daily basis. But not all semiconductor stocks are the same. This week we’re focusing on a company that is struggling […]
My View Of The ES

My View Of The ES

Simply stated, this is how I view the S&P (specifically, the ES) for the past seven months: stuck in a gently ascending channel. Our present position, I believe, makes it more likely we push lower (by as much as 55 points) than higher. Recent history certainly suggests this as the next step, and roaring interest rates […]
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                        RXi Pharmaceuticals Presents Encouraging New Data

E RXi Pharmaceuticals Presents Encouraging New Data

Shares of RXi Pharmaceuticals (RXII) are up 11% today after the company reported promising new data in which the company utilizes the sd-rxRNA technology to target Tyrosinase and Collagenase. There were two different poster presentations that displayed very promising new data in two different targeted areas. These posters were presented at the 74th Annual Meeting of […]
DryShips Posts Break-Even Earnings, Revenues Miss Mark

DryShips Posts Break-Even Earnings, Revenues Miss Mark

DryShips Inc. (DRYS – Analyst Report) recently declared financial results for the first quarter of 2015. Quarterly GAAP net loss was $59.2 million or 9 cents per share compared with a loss of $34.6 million or 8 cents in the year-ago quarter. However, the adjusted break-even earnings per share reported by the company compared unfavorably with the Zacks […]
Etsy Stock Plummets 9% After Wedbush Hints At Counterfeit Risk

Etsy Stock Plummets 9% After Wedbush Hints At Counterfeit Risk

On Monday, analysts at Wedbush Securities Inc said they believe that fake goods on online marketplace Etsy Inc’s (ETSY – Snapshot Report) website may instigate problems for the newly public company. Wedbush downgraded the stock to “Underperform” from “Neutral,” with a 12-month price goal of $14. This announcement caused the stock to tank 9% during […]
30Y Treasury Yield Tops 3.00% For Only 2nd Time In Over 5 Months, Stocks Slide

30Y Treasury Yield Tops 3.00% For Only 2nd Time In Over 5 Months, Stocks Slide

Having briefly tested above 3.00% on Thursday, for the first time since December 2nd, 2014, the post-payrolls reaction continues today with 30Y yields up 9bps and back above the 3.00% Maginot Line. We note, additionally, that as Deutsche reports, net short exposure to Treasuries is back at the extremes of its recent range. Now up […]
Maps Might Be The Clue To Nokia’s Future Path

Maps Might Be The Clue To Nokia’s Future Path

When Nokia (NYSE:NOK) was still a mobile phone powerhouse, it bought a company called NAVTEQ. The transaction was made at around €6 billion ($6.7 billion assuming the EUR/USD at 1.12), slightly less than the €7.5 billion ($8.4 billion) that Nokia sold the once mighty mobile business to Microsoft (MSFT) for (just to put some perspective […]
Ventas – Sell Signals

Ventas – Sell Signals

Today I deleted Ventas (NYSE:VTR) from the Barchart Van Meerten New High portfolio for negative momentum: Barchart technical indicators: 72% Barchart technical sell signals Trend Spotter sell signal Below its 20, 50 and 100 day moving averages 16.16% off its recent high Relative Strength Index 37.99%
Financial Asset Holdings At Extreme While Real Assets Repressed

Financial Asset Holdings At Extreme While Real Assets Repressed

Financial assets now represent more than 82% of the net worth of both households and U.S. non-financial corporations, according to Federal Reserve Z.1 Flow of Funds data. The concentration of private net worth in financial assets, rather than real assets or productive capital, has reached the highest extreme in history. Graphic via williambanzai7 The global, central-bank, front-running, […]