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Blame The Fed For The Commodities Slump

Blame The Fed For The Commodities Slump

When we left you at the end of last week the world was falling apart. As you know, the economy functions on electronic credit… not cold, hard cash. Without the banks pumping more credit into the system – by way of loans – it sags. The Dow fell 163 points – or about 1% – on Friday. […]
Risk Off – Financial Review

Risk Off – Financial Review

Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 127 = 17,440 SPX – 12 = 2067 NAS – 48 = 5039 10 YR YLD – .04 = 2.23% OIL – .75 = 47.39 GOLD – 5.00 = 1095.50 SILV – .20 = 14.64 Chinese stocks fell sharply today. The Shanghai Composite […]
Eros International – All Time High

Eros International – All Time High

The Chart of the Day belongs to Eros International (NYSE:EROS). I found the Indians language film stock by using Barchart to sort today’s All Time High List for the stocks having the highest Weighted Alpha, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy in 5/15 the stock gained 100.28%. Eros International Plc co-produces, […]
S&P Valuation Behind The Curve

S&P Valuation Behind The Curve

Apparently, no one sent the market memo to the S&P 500 until last week when investors woke up to the prospect of “stretched” valuations after months of warnings from US Federal Reserve Chairwoman Janet Yellen. Last Friday’s substantial losses come on the heels of global equity losses to which US benchmarks are not immune, but […]
The Secular Advisor – July 27, 2015

The Secular Advisor – July 27, 2015

Economy – Additions & Updates Additions – inflation expectations, World trade, China electricity consumption & manufacturing Updates – initial jobless claims, housing, sentiment, manufacturing  Asset Allocation – Additions & Updates Additions – US only allocations, currency trends Updates – none Economic Summary: Initial Jobless Claims – falling Inflation Expectations –  on target Housing – existing home sales: expanding, new home sales: falling Sentiment […]
Baidu Inc Shares Fall After Earnings Miss

Baidu Inc Shares Fall After Earnings Miss

Baidu Inc (ADR) (NASDAQ:BIDU) released its latest quarterly earnings report after closing bell tonight, posting adjusted earnings of RMB11.19 per ADS or $1.81 per share on RMB16.58 billion ($2.673 billion) in revenue, a 38.8% year over year increase. Analysts had been looking for earnings of RMB10.58 or $1.88 per share on revenue of RMB16.57 billion for […]
The Most Important Market Trendline Since 2009 Was Just Broken

The Most Important Market Trendline Since 2009 Was Just Broken

The trend is your friend… until it ends… Charts: Bloomberg
Fifth Day Of Selling

Fifth Day Of Selling

Sellers in the S&P made it five days of downside in a row. On this last day it closed near the day’s lows, but also on its 200-day MA. If there was reason for a bounce, then tomorrow could be the day. Technicals are all net negative.   The Dow took the selling harder. It […]
Inflation Deniers Emboldened By Gold’s Struggles

Inflation Deniers Emboldened By Gold’s Struggles

The vultures are circling. Precious metals bulls, laid flat by gold and silver prices dropping for the 5th week in a row, are watching deflationists such as Harry Dent and the financial media squawk about the imminent demise of precious metals. The superficial and condescending coverage of the metals markets in the financial press has […]
Gold Daily And Silver Weekly Charts – Miner Miner

Gold Daily And Silver Weekly Charts – Miner Miner

There is a chart of the GDX relative to the Price of Gold. This is why some will say that the miners are ‘weak relative to the price of the metal.’ And they are. They can get even cheaper, and the underlying metal can also get ‘cheaper.’ Sentiment is obviously at a negative extreme, and […]