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Stock Chart Of The Day: US Oil Fund

Stock Chart Of The Day: US Oil Fund

Our Stock Chart of the day is the US Oil Fund (USO) and we are going to review the stock charts using our multi period contrarian trading style. We believe that the crude oil is in a secular bear market. The bear market in crude oil is set to continue as we have now broken […]
Mesoblast – Chart Of The Day

Mesoblast – Chart Of The Day

The Chart of the Day belongs Mesoblast (MESO). I found the biomedical stock by using Barchart to sort today’s Top Stocks to Own list first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or better. Since the Trend Spotter signaled a buy in 2/17 the stock gained 18.72%. Mesoblast […]
Do Central Banks Really Control The Market? History Tells Us No

Do Central Banks Really Control The Market? History Tells Us No

The market has rallied off the 2009 lows, and most people are convinced that the Fed powered the move. In fact, most were certain that once QE ended, the market would drop. And, they currently maintain this conviction despite the fact that the market has continued significantly higher well beyond the cessation of the QE […]
Wednesday – The Medium-Term Trend For March 8

Wednesday – The Medium-Term Trend For March 8

It looks like the short-term trend has peaked. Actually, it probably peaked a few days ago. The market advance/declines and up/down volume are pointing lower. Junk bonds have been hinting at some weakness for a couple days. Small caps are following junk bonds lower, but so far they are just testing the bottom of their […]
Stocks Watchlist: MCO, OLN, CBI

Stocks Watchlist: MCO, OLN, CBI

Second consecutive day where the market sells off in the final 30 minutes of trading rather than blast higher into the close as has been the norm for the market for years now. There has definitely been a change in the attitude of the market over the last 3-4 trading sessions, I’m not sure it […]
What Happens When The Mcclellan Oscillator Is Oversold?

What Happens When The Mcclellan Oscillator Is Oversold?

The NYSE McClellan Oscillator (aka NYMO) is at its most oversold level since last November (in the correction just prior to the election). With data going back to 1998, the current level (-77.73) is more oversold than 98% of other days. Historically, such extreme oversold levels have been followed by above-average returns over the next 1-12 months. […]
When Reflection Overrules Market Luster

When Reflection Overrules Market Luster

Sometimes, what catches the eye is the reflection rather than the thing itself. For quite some time, the thing itself has had enough shine to superficially attract onlookers. However, with the 5th day in a row of declines in the Russell 2000, many investors begin to look beyond the shine to the reflections. The Economic Modern […]
Watch And Wait

Watch And Wait

Podcast: Play in new window | Play in new window (Duration: 12:12 — 7.0MB) DOW – 69 = 20,855 SPX – 5 = 2362 NAS + 3 = 5837 RUT – 8 = 1366 10Y + .04 = 2.55% OIL – 2.95 = 50.19 GOLD – 7.70 = 1208.90 The S&P and Dow are down for 3 straight sessions. […]
Are Rising Interest Rates Good For Anyone?

Are Rising Interest Rates Good For Anyone?

The stock indexes end the day slightly lower once again. As rates move higher all eyes will be on the jobs report on Friday to see if the report will affirm the expected rate hike next week or give the Fed an excuse to delay. For the SPX we look back at the expected move […]
Companies Are Hiring And The Fed Is Hiking Right Before The Recession

Companies Are Hiring And The Fed Is Hiking Right Before The Recession

It is starting to look like employers have bought into the animal spirits and market psychology euphoria and are hiring at precisely the worst possible time as the hard data is signaling an upcoming downturn in the overall economy. It appears we are in the stagflation phase, right before the outright recessionary phase in the […]