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Financial ETF Still Churning After Failed Breakout

Financial ETF Still Churning After Failed Breakout

I last wrote about the Financial ETF (XLF) on July 11th. Since then, it failed to sustain a brief breakout above the 25.00 major resistance level, as shown on the following Monthly chart. Price is sitting at the bottom of the upper quarter of a long-term uptrending channel…a segment that it hasn’t typically remained in for very long, or ventured above, since […]
CAD Rally: Too Much, Too Soon?

CAD Rally: Too Much, Too Soon?

  Talking Points: USD/CAD falls to lows seen in May 2015 on Rate Hike Further hikes are being mooted but will the BoC wait? USD weakness is exacerbating the move. Fundamental Forecast for CAD: Neutral We remain neutral on CAD although any further sharp upward moves may open the opportunity to sell CAD against the USD for a short-term reversal. […]
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                        SPX Consolidates Above Short-term Support.

E SPX Consolidates Above Short-term Support.

VIX had an inside week, but closed above Long-term support at 11.37.  It is on a weekly buy signal with further confirmation above weekly mid-Cycle resistance at 14.93and the Ending Diagonal trendline near 15.00.  Could the initial foray in August have broken the trendline already? (BusinessInsider)  The New York Times’ DealBook had a great piece of […]
We’re Just Trying To Feed Our Families” – Equifax Hackers Demand $2.6 Million Ransom In Bitcoin

We’re Just Trying To Feed Our Families” – Equifax Hackers Demand $2.6 Million Ransom In Bitcoin

Two days after credit-monitoring company Equifax revealed that, because of its staggering negligence, hackers had managed to penetrate the company’s meager cybersecurity defenses and abscond with up to 143 million social security numbers and a trove of other personal data – including names, addresses, driver’s license data, birth dates and credit-card numbers – the cyberthieves […]
IBM Stock Has Dropped 20%. Is It A Play For Value Investors?

IBM Stock Has Dropped 20%. Is It A Play For Value Investors?

IBM (NYSE: IBM) stock used to be the darling of Wall Street. For most of our grandparents and even some of our parents, IBM was a staple stock in their portfolio. You could always count on Big Blue to grow revenues, grow its stock price, and pay out a healthy dividend. But times have changed. Thanks […]
North Korea Nuclear Test: Did The Markets Notice?

North Korea Nuclear Test: Did The Markets Notice?

In this week’s edition of Market Week in Review, Rob Cittadini, regional director, consultant relations, interviewed Mark Eibel, director, client investment strategies, on the latest round of geopolitical news and its impact on financial markets. North Korea testing, U.S. debt ceiling extension move markets North Korea’s announcement of another nuclear test over the U.S. Labor […]
Signs, Signs, Everywhere A Sign

Signs, Signs, Everywhere A Sign

Last week, I noted: “I have a sneaky suspicion that when I update the Fed Balance Sheet reinvestment analysis next week, shown below, we are going to find a substantial, well-timed, reinvestment by the Central Bank. Wanna bet?” Well, here is the updated chart of the 4-week net change to the Fed’s balance sheet. As […]
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                        US Dollar Confirms Intermediate-Term Breakdown

E US Dollar Confirms Intermediate-Term Breakdown

In early August, we observed that the US Dollar index was on the verge of a meaningful breakdown. Our technical analysis suggested that a weekly close below the congestion support level in the 93 area would likely be followed by a resumption of the downtrend from early 2017. This week, the index moved sharply lower, […]
Bi-Weekly Economic Review: Saturday, Sept. 9

Bi-Weekly Economic Review: Saturday, Sept. 9

The economic reports of the last two weeks were not as bad as the market moves they precipitated. That could be due to other factors such as Hurricane Harvey and its impact on the energy industry or the now fairly normal political chaos that is the Trump administration. Whatever the cause, the market based indicators […]
W.W. Grainger: 46 Straight Years Of Dividend Growth And An All-Time High Yield

W.W. Grainger: 46 Straight Years Of Dividend Growth And An All-Time High Yield

Industrial component wholesaler W.W. Grainger (GWW), with 46 consecutive years of rising dividends, is one of the venerable dividend aristocrats. Even more impressive is that Grainger has rewarded long-term dividend investors with impressive 11.5% annual dividend growth over the last three decades. Let’s take a closer look at this dividend aristocrat to see whether or not it […]