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Archives by Year:
A Wild Day For The Market
Completely wild day for the market, but the chart below shows a market indicator that is definitely pointing lower. I think the general market is still in a short-term downtrend (consolidation) even if the biggest and best companies are being well rewarded for the enormous success of their products. I have to cut out early […]
A Look At NYSE Margin Debt And The Market – Friday, Oct. 27
The New York Stock Exchange publishes end-of-month data for margin debt on the NYX data website, where we can also find historical data back to 1959. Let’s examine the numbers and study the relationship between margin debt and the market, using the S&P 500 as the surrogate for the latter. The first chart shows the two […]
The Market Ignores All Bearish Indicators – Just Remember That
Stocks are back at an all-time high – or at least all the major indices are. Just today alone: S&P 500 (SPX): New all-time highs Nasdaq (COMP): Crushing New all-time highs Dow Jones Industrial Average (DJI): Right at New all-time highs Russell 2000 (RUT): Bull flag at the all-time highs But under the surface the breadth isn’t very good with only 58% […]
Onward And Upward
Last week, I mentioned that some of my core indicator categories are getting over bought and when that happens it often fuels several more weeks of upward movement. It looks like we’re starting the next wave up. My core indicators continue to show strength, but there is one concerning thing. My core measures of risk […]
E Lithium Battery Demand – Fact Or Fiction?
What is the growth potential of electric cars and battery storage? The answer seems to depend on your political view.Wall Street, however, doesn’t care about ideology. Money flows to areas of opportunity and investors are increasingly optimistic on electric battery power. The evidence: The Global X Lithium & Battery ETF (LIT) has had an inflow […]
Merck (MRK) Q3 Earnings Top, Sales Lag, Keytruda Stays Strong
Merck & Co., Inc. (MRK – Free Report) reported third-quarter 2017 adjusted earnings of $1.11 per share, which beat the Zacks Consensus Estimate of $1.03 by 7.8%. Earnings rose 3.7% year over year. Among other items, adjusted earnings exclude a charge related to its new oncology collaboration with Britain’s AstraZeneca (AZN – Free Report) . Revenues for the quarter declined […]
Proof That A Major Bull Market Is Coming
There is life in the junior mining space. I don’t mean that shares are rocketing higher (yet). What I mean is that there is money coming back in. Companies can raise long-awaited and much-needed cash. What I see right now, as I write this from the Mining & Investment Latin America Summit in Lima, Peru, […]
Hyperinflation Chronicles: Einstein’s Scribble, Newman’s Watch, And Dot-Blockchain
When governments create insane amounts of money, the recipients of that money tend to behave accordingly. Consider: Einstein scribbled his theory of happiness in place of a tip. It just sold for more than $1 million. (Washington Post) – He is known as one of the great minds in 20th-century science. But this week, Albert […]
Celgene: Growth At A Reasonable Price Even On Revised Guidance
This article is an update to my original article on Celgene published on June 22, 2017.Celgene reported their financial results yesterday October 26, 2017, and although the quarter was good, lowered guidance crushed the stock price. In my opinion, some of the sag in price was justified, but for the most part an overreaction. Celgene is still […]
Is The CVS Health/Aetna Proposal Really Just About Amazon?
Financial journalists seem to have a pretty simple playbook these days. Most any retail-related corporate development is a direct result of Amazon (AMZN). Plain and simple. No questions asked. Last night it was reported that CVS Health (CVS) has made a bid for health insurer Aetna (AET). Immediately the media closed the book on the strategic rationale for the […]
