Archives by Month:

Archives by Year:

Trending Higher – Saturday, June 3

Trending Higher – Saturday, June 3

Another day, another all-time high. Stocks continue to act great and are trending higher. Stocks closed the week on a very strong note which is great to see. While the daily closes matter more than intraday action, the weekly close is even more important and it was a great close to the week. Speaking of […]
93% Of All Jobs “Created” Since 2008 Were Added Through The Birth/Death Model

93% Of All Jobs “Created” Since 2008 Were Added Through The Birth/Death Model

According to the prevailing narrative, job growth in the US, where GDP over the past decade has been on par with that in the 1930s, is one of the otherwise brighter economic indicators in a time when much of the economic data such as capital spending, productivity and especially wage growth (so critical for the Fed’s […]
EUR: Pillars For EUR/USD Bull Case Have A ‘Shaky Foundation’ – Barclays

EUR: Pillars For EUR/USD Bull Case Have A ‘Shaky Foundation’ – Barclays

EUR/USD made a move to the upside thanks to the terrible Non-Farm Payrolls. Can it continue higher? Here is their view, courtesy of eFXnews: Barclays Capital FX Strategy Research argues that the EUR bull case relies too heavily on three pillars that have ‘shaky foundations’. “Expectations for EURUSD to break out of its range to the […]
Global Markets End The Week Higher Tracking US Jobs Data

Global Markets End The Week Higher Tracking US Jobs Data

Global financial markets ended the week on a positive note with a boost from Asian share markets. Asian share markets rose to their best levels in more than two years as positive data on US manufacturing and employment and buoyant European factory growth boosted investor optimism. The Japanese Nikkei 225 ended the week up by 2.5% while Hong Kong’s Hang […]
Dollar Dogged By Disappointing Data

Dollar Dogged By Disappointing Data

The technical indicators warn that the US dollar is stretched, but the combination of disappointing auto sales and jobs report may deny it the interest rate support needed to facilitate a resumption of the bull market. While there are many observers talking about the abdication of the US from its global leadership role given the decision […]
Camtek – Chart Of The Day

Camtek – Chart Of The Day

The Chart of the Day belongs to Camtek (CAMT). I found the optical inspection equipment stock by using Barchart to sort today’s Top Stocks to Own list first for the highest Weighted Alpha, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 5/4 the stock gained 80.24%. Camtek Ltd., designs, develops, manufactures, […]
May 2017 Cash Deficit: $107B

May 2017 Cash Deficit: $107B

The May 2017 Cash Deficit came in at $107B. That may not look great YOY, but the big expense spike was timing related, and expected. On the revenue side, we got a $20B bump from the FCC…I’m assuming spectrum auction revenues, and otherwise solid revenues with an additional business day as well… Put it together […]
Gold Miners Weak But Not Oversold

Gold Miners Weak But Not Oversold

If looking at Gold only in a vacuum, it looks good. Its uptrend since the start of the year remains intact and it has pushed above its 50 and 200-day moving averages. It closed the week at $1280/oz and could test $1300 next week. But looks can be deceiving. Considering the US Dollar index closed […]
Aussie Hit By China PMI

Aussie Hit By China PMI

The Aussie Dollar was put under some pressure after the release of China’s PMI results show an unexpected shrinkage in manufacturing activity last month. The Caixin survey showed a reading of 49.6 in May, down from 50.3 in April and off the analysts’ forecasts of a decline to 50.1. For reference, any reading below the […]
Helmerich & Payne: 5%+ Dividend Yield From A High-Quality Oil Stock

Helmerich & Payne: 5%+ Dividend Yield From A High-Quality Oil Stock

The oil and gas industry has long been associated as a ‘boom-and-bust’ business. Big Oil was riding high from 2010-2014, as oil prices jumped above $100 per barrel in the U.S. But the good times abruptly ended, as new drilling technologies enabled robust production growth. This has dragged oil prices down since then, which has […]