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OPEC Agrees To A 3 Month Cut Extension & A 6 Month Option

OPEC Agrees To A 3 Month Cut Extension & A 6 Month Option

After the big meeting OPEC had, WTI oil closed up 10 cents at $57.40, making this out to seem like an unimportant event. However, that’s not the case because this decision was already priced in. It was so important that the market calculated exactly how it would affect prices before it occurred. The decision was […]
Gold Hovers Above Support: U.S. NFP / Tax Headlines To Set Decmber Tone

Gold Hovers Above Support: U.S. NFP / Tax Headlines To Set Decmber Tone

Fundamental Forecast for Gold: Neutral Gold prices hold on to support post-NFP, Looking for an early November low Gold prices are down for the second consecutive week with the precious metal off 0.57% to trade at 1280 ahead of the New York close on Friday. The losses come amid continued strength in broader risk assets with all […]
Stocks Going Ex Dividend The First Week Of December 2017

Stocks Going Ex Dividend The First Week Of December 2017

Here is our latest update on the stock trading technique called ‘Buying Dividends,’ also commonly referred to as ‘Dividend Capture.’ This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only […]
Housing Market Review – A Tax-Driven Day Of Angst Transforms Into Another Unrelenting Rally

Housing Market Review – A Tax-Driven Day Of Angst Transforms Into Another Unrelenting Rally

The last Housing Market Review covered data reported in October, 2017 for September, 2017. At the time, I lamented having too small an exposure to home builders while the entire sector rallied nearly non-stop. I was counting on seasonal patterns to deliver at least one buyable dip ahead of the seasonally strong period starting in November. […]
Bitcoin Tops $11,000 Again – Becomes World’s 6th Largest Currency In Circulation

Bitcoin Tops $11,000 Again – Becomes World’s 6th Largest Currency In Circulation

After ‘crashing’ earlier in the week, Bitcoin soared in the last 24 hours following confirmation from the CFTC that it has approved regulated futures (and options) trading on CME, CBOE, and Cantor. This sent the price back above $11,000 and shifted the cryptocurrency to become the sixth most-circulated currency in the world. Bitcoin had, by all accounts, […]
ETF Stories Of November: All About Retail, OPEC And Tax Cuts

ETF Stories Of November: All About Retail, OPEC And Tax Cuts

The month of November was pretty eventful, as expected. A consensus carried out from 1950 to 2016 shows that November ended up offering positive stock returns in 44 years and negative returns in 23 years, per moneychimp.com, with an average return of 1.38%. But upbeat global economic events help U.S. equity gauges to score even higher […]
Economic Data And Forecasts For The Weeks Of December 4 And December 11

Economic Data And Forecasts For The Weeks Of December 4 And December 11

Here are my forecasts for upcoming economic data.         Forecast Prior Observation Consensus   Week of December 4         December 4         Factory Orders – October -0.4% 1.4 -0.4   Durable Goods Orders -1.2 2.0     Nondurable Goods Orders 0.4 0.8         […]
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                        SPX Ramps Higher; Dollars Slumps And Gold Consolidates

E SPX Ramps Higher; Dollars Slumps And Gold Consolidates

VIX challenged its mid-Cycle resistance at 14.54 this week, breaking out above its November 15 high at 14.51. It has since made a 62% retracement. A further breakout above the Ending Diagonal trendlne suggests a complete retracement of the decline from January 2016, and possibly to August 2015.   (Bloomberg)  The “VIX Elephant” has awakened. […]
I Have Doubts About Bitcoin

I Have Doubts About Bitcoin

Bitcoin and the blockchain technology are wonderful inventions; its anonymity, decentralized technology and speed of transaction just to mention a few features that have aroused supporters. The extension of competition into the domain of money that it represents is perhaps even more welcome, coming as it does after almost a century of completely dominant fiat […]
PulteGroup – Chart Of The Day

PulteGroup – Chart Of The Day

Today’s Chart of the Day belongs to PulteGroup (PHM). Last night, I was discussing with Carole of Melbourne Beach all the different ways I used Barchart to select the Chart of the Day and how useful all of their sorting tools are.Today I used Barchart to sort the Russell 3000 Index stocks first for the most frequent number of new highs […]