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Archives by Year:
5 European Stocks To Buy As Trump Rally Weakens
The market rally finally seemed to flag on Monday and the Dow fell below 21,000 for the first time since breaching this barrier on Mar 1. Geopolitical tensions and fresh allegations made by President Trump against his predecessor combined to drag stocks lower. Also adding to investors’ worries was an imminent rate hike, following indications […]
RBNZ Gov. Wheeler Reiterates No Changes To OCR In The Near Term
The RBNZ Governor Wheeler gave a speech last week in Auckland where he defended the RBNZ’s policy decision to keep interest rates steady. He said that there were significant downside risks to the outlook for the global economy, especially the protectionist policies from the new U.S. administration. On the domestic front, the RBNZ Governor highlighted […]
January 2017 Consumer Credit Headlines Say Year-Over-Year Growth Rate Declined. Well Under Expectations.
The headlines say consumer credit rate of annual growth SIGNIFICANTLY decreased from last month. Our analysis agrees. Analyst Opinion of the Consumer Credit Situation Not only does this data set suffer from backward revision (moderate to significant enough to change trends), but the use of compounding (projecting monthly change as annual change) by the Federal […]
Dow Euphoria
Following President Trump’s speech the Dow Jones Industrial Average (Dow) easily broke 21,000, and closed at another all-time high – 21,115. The Dow closed up for the 12th consecutive day on Monday February 27, another three decade record. Excel calculated the Dow’s daily Relative Strength Index (RSI – 14 period), a technical timing oscillator. It reached 97.75 (maximum = 100.00) […]
E Hartstreet LLC: Possible Acquisitions In The Permian Part 2
In Part 1 of Possible Acquisitions in the Permian, we covered J. Cleo as one of the premiere private operators in the southern Delaware Basin. Given the opportunities in the area, acreage prices have increased significantly. The map below provides some of the larger acquisitions by publicly traded companies. Adjusted acreage values in southern Reeves […]
USD/JPY Completes ABC Zigzag At 50% Fibonacci
USD/JPY 4 hour The USD/JPY seems to be retracing within a wave 2 (brown) back to the Fibonacci levels which could act as support. The wave 1-2 (brown) structure is invalidated once price breaks below the bottom (blue). 1 hour The USD/JPY is building an ABC (orange) within wave 2 (brown) and could retrace back […]
China Imports Spike As Lunar New Year Skew Creates Biggest Trade Deficit In 3 Years
When the headline prints hit tonight on China’s trade data, offshore Yuan dipped and ripped… As China faced its first trade deficit in 3 years (-$60bn vs +172.5bn exp)… Obviously there is some major seaonality… With imports exploding 44.7% YoY (and exports missing expectations dramatically +4.2% vs +14.6% exp). But it appears the economists forgot about this year’s […]
Trumpcare
Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW – 29 = 20,924 SPX – 6 = 2368 NAS – 15 = 5833 RUT – 9 = 1374 10 Y + .02 = 2.51% OIL – .16 = 53.04 GOLD – 9.70 = 1216.40 Healthcare stocks were in focus yesterday after the GOP unveiled […]
Above The 40 – A Growing Undertow For The Stock Market
AT40 = 48.9% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 63.5% of stocks are trading above their respective 200DMAsVIX = 11.5 (volatility index)Short-term Trading Call: neutral Commentary Market weakness continued to grow yesterday even as the major indices barely notched losses on the day. AT40 (T2108), the percentage of stocks trading above their […]
Oil Drops On OPEC Uncertainty Whether To Extend Cuts
The price of Crude Oil looks to be aligning with the backwardation that recently came to pass where the front month futures contract was trading at a premium to futures contracts a few years out. A driver for the support of the Oil price has been a hope that OPEC would extend supply cuts beyond summer. However, on Tuesday, Suhail […]
