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Mario Draghi’s Feeble-Minded Policies

Mario Draghi’s Feeble-Minded Policies

As our heavenly father has smiled upon his servant Timothy Knight, the world is offering a complete and utter repudiation of Mario Draghi and his feeble-minded policies. Draghi wanted to crush the Euro (and precious metals), and his success lasted about 30 minutes. In turn, equities – –  in which I have ONE HUNDRED AND FORTY THREE different […]
Less Is More

Less Is More

Error, Human Much market analysis operates on the assumption that more data is better – more data leads to more accurate results. More data may require more complex processing, leading to greater and greater requirements for computing power but, in principle, the idea is that more is better. Out in the real world, however, we […]
These 2 Things Are Expected To Boost Ulta’s Earnings

These 2 Things Are Expected To Boost Ulta’s Earnings

Photo Credit: Mike Mozart Ulta Salon, Cosmetics & Fragrance, Inc.  (ULTA) Consumer Discretionary – Specialty Retail| Reports March 10, After Market Closes Cosmetics and beauty product company, Ulta (ULTA), is scheduled to report fourth quarter earnings tomorrow, after the market closes. The company is prepared to close a banner fiscal 2015 which it beat in every […]
Draghi Blew It – Euro, Stocks Retrace Bazooka Bounce

Draghi Blew It – Euro, Stocks Retrace Bazooka Bounce

Within an hour of unleashing the yuuge bazooka, Draghi blew it by failing Central Planning 101: *DRAGHI DOESN’T ANTICIPATE MORE RATE CUTS BASED ON CURRENT VIEW As we tweeted – you never close an open-ended monetary stimulus package… EURUSD has entirely retraced the plunge and Dow futures are tumbling back to reality… From hero to […]
Today’s Trading Plan: The Draghi Pump

Today’s Trading Plan: The Draghi Pump

Technical Outlook: Pre-market strength following dovish actions taken by Draghi and the ECB has the market looking to breakout of the 30 minute bull flag pattern on SPX.  SPX looking to get back above the 2000 price level.  Declining resistance at 2020 off of the December highs and a test of the 200-day moving average share the same price […]
Lockheed Martin Stock Presents An Attractive Risk-Reward Bet

Lockheed Martin Stock Presents An Attractive Risk-Reward Bet

If you like Donald Trump, if you expect him to become the next President, what should you do with your money? You can’t do better than buying Lockheed Martin (NYSE:LMT) stock. Flickr The company, formed by a $11 billion merger in 1994, now has a market cap of $66 billion. You get a dividend yield of 3% […]
ECB Cuts All 3 Key Rates, Increases QE By EUR 20B Per Month

ECB Cuts All 3 Key Rates, Increases QE By EUR 20B Per Month

ECB Cuts All Three Rates and Increases QE by €20 Billion a Month The European Central Bank announced this morning that they would cut all three of the benchmark (to zero), marginal lending (also to zero) and deposit rates (to -.4%); along with a larger than expected increase to the bank’s monthly bond purchases by […]
Alibaba Beats Baidu, Tencent In Mobile Internet Ad Revenue

Alibaba Beats Baidu, Tencent In Mobile Internet Ad Revenue

Chinese e-commerce giant Alibaba (BABA) has not only successfully transitioned from desktop to mobile, but also has grabbed the largest share of mobile Internet ad spending in China. The Hangzhou-based company’s biggest rivals Baidu (BIDU) and Tencent (TCTZF) lag far behind. According to research firm eMarketer, digital and mobile Internet ad spending in China is expected […]
King Dollar- Creating Bullish Reversal Patterns At Support

King Dollar- Creating Bullish Reversal Patterns At Support

The chart above looks at the US Dollar and Euro, on a monthly basis, over the past 10-years. Over the past year the US$ has traded sideways, after a strong rally. The Euro pattern is the opposite, trading sideways, after a large decline. I do find this one issue interesting; the US$ as it hits […]
Draghi’s Shock And Awe Bazooka Backfires With Huge Whipsaw

Draghi’s Shock And Awe Bazooka Backfires With Huge Whipsaw

ECB president Mario Draghi pulled out a bazooka today with a package that allegedly exceeded expectations. QE goes from €60bn to €80bn ECB to buy corporate bonds ECB Cut the deposit rate to -0.4% from -0.3% The The main refinancing rate fell by 5 basis points to 0 per cent The Financial Times reported “The […]