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Above The 40 – The Stock Market Hits A New Bearish Divergence

Above The 40 – The Stock Market Hits A New Bearish Divergence

AT40 = 39.9% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 58.3% of stocks are trading above their respective 200DMAsVIX = 12.3 (volatility index)Short-term Trading Call: neutral Commentary From a technical perspective, my last “Above the 40” post made as detailed a case as I can make to describe the erosion of the stock […]
ECB’s Hawkish Twist – What’s Next For EUR? – 3 Opinions

ECB’s Hawkish Twist – What’s Next For EUR? – 3 Opinions

EUR/USD managed to gain some ground after Draghi removed some urgency. What does this mean for the euro? Here are three opinions: Here is their view, courtesy of eFXnews: EUR: Here Is The Next Step From The ECB After the ‘Hawkish Twist’ – Danske The ECB kept all policy measures unchanged at today’s meeting, and President Draghi […]
UK Budget Tightened, 2017 Growth Forecasts Revised Higher

UK Budget Tightened, 2017 Growth Forecasts Revised Higher

Philip Hammond, Chancellor of the Exchequer of the United Kingdom. Image via World Economic Forum The British Finance Minster, Philip Hammond delivered his spring budget on Wednesday, marking the last budget release before the UK government begins the Brexit talks with the EU. Britain’s growth forecasts for the economy this year was raised to 2% […]
EUR/USD 78.6% Bounce And USD/JPY Break Above 115

EUR/USD 78.6% Bounce And USD/JPY Break Above 115

USD/JPY 4 hour The USD/JPY broke above the resistance top (dotted red) of the wave 1 (blue), which could start the wave 3 (brown) of wave 3 (blue). Price needs to reach at least the 161.8% Fibonacci target before the wave 3 can be confirmed. 1 hour The USD/JPY keeps pushing with higher highs and […]
A (Basic) Introduction To Bitcoin

A (Basic) Introduction To Bitcoin

In the business world things are constantly changing, in particular, the way we pay electronically for goods and services. I am often asked by those near retirement age about the concept and usage of the world’s first digital currency: Bitcoin. It’s truly a fascinating concept and yet a dangerous one since there is no telling […]
What Does Consumer Confidence Really Measure?

What Does Consumer Confidence Really Measure?

The Fed is a big believer in consumer confidence numbers. I never understood why because I never could see a strong correlation between confidence and spending. There is a strong correlation, but it isn’t spending habits. John Hussman provides the answer below. Multi-year highs in consumer confidence are less a sign of forthcoming consumer spending […]
The Quality Factor Is Now King

The Quality Factor Is Now King

The Quality factor completed a six-week climb to the top of the factor rankings, knocking Value down to sixth place in the process. Financials and Technology sit atop the sector rankings, as Telecom falls to the bottom. Not much change from a global perspective, with Latin America still at the helm and Canada relegated to […]
Oil Falls & The GOP’s Timeline Extends Further

Oil Falls & The GOP’s Timeline Extends Further

The bearish theses I have had for the past few weeks have been coming to fruition in the past few days. The reward for being correct has thus far been less than a 2% correction in the S&P 500. The tilt is clearly positive. Being precisely correct on two negative catalysts still hasn’t brought a […]
Silver Market Poised For Big Reversal When Institutional Investors Move In

Silver Market Poised For Big Reversal When Institutional Investors Move In

The Silver Market is going to experience a big reversal when the Hedge Funds and Institutional investors rotate out of highly inflated stocks and into precious metals investments. This is not a matter of if, it’s a matter of when.  And the when, could be much sooner than we expect due to the huge problems […]
U.S. Banks Are Still Cheap – But How Much Good News Has Already Been Priced In?

U.S. Banks Are Still Cheap – But How Much Good News Has Already Been Priced In?

U.S. large cap banks are now more than 65% above the lows from last June which should come as no surprise given the fact that they are the only sector that can directly benefit from rising interest rates and if we assume some dialing back in financial regulation as the Trump administration promises. The question […]