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Charting Gold, Silver, Oil, And Natural Gas

Charting Gold, Silver, Oil, And Natural Gas

Below we take a look at one-year trading range charts for gold, silver, oil, and natural gas. For each chart, the green shading represents between two standard deviations above and below the commodity’s 50-day moving average. Moves to the top of or above the green shading are considered overbought, while moves to the bottom of […]
Rail Week Ending November 2017: Economically Intuitive Sectors Again Improved

Rail Week Ending November 2017: Economically Intuitive Sectors Again Improved

Week 47 of 2017 shows same week total rail traffic (from same week one year ago) expanded according to the Association of American Railroads (AAR) traffic data. The economically intuitive sectors remain in expansion and the rolling average growth rate improved marginally. Analyst Opinion of the Rail Data       We review this data set to […]
Commodities Weekly Wrap-Up – Friday, Dec. 1

Commodities Weekly Wrap-Up – Friday, Dec. 1

With metals up and down, it can be easy to think that the market won’t rise. However, Eric Sprott talks gold and silver, the COMEX, and the potential for a rally in 2018. The global precious metals demand is through the roof, Eric says. “There’s a serious misallocation of physical gold and silver,” he says. […]
Energy Led The Way, While The Recent Market Leader, Financials, Cooled Off Some

Energy Led The Way, While The Recent Market Leader, Financials, Cooled Off Some

My Swing Trading Approach I’m not opposed to adding more long positions to the portfolio, but I’m not going to force anything. Should the early morning weakness persist, I’ll stand aside.  Indicators VIX – VIX rose 5.4% yesterday, despite super bullish price behavior from the market.  T2108 (% of stocks trading below their 40-day moving average): The […]
Billion Dollar Unicorns: New Relic At A 52-Week High

Billion Dollar Unicorns: New Relic At A 52-Week High

According to Gartner, the Application Performance Management market grew 13% to $2.93 billion in 2016. With enterprise businesses continuing to rapidly adopt cloud technologies, the APM market is expected to reach $5.6 billion by 2020. The market is led by Dynatrace with 14.2% share followed by IBM with 8% share and New Relic (NYSE: NEWR) with […]
Crestmont Market Valuation Update – Friday, Dec. 1

Crestmont Market Valuation Update – Friday, Dec. 1

Quick take: Based on the November S&P 500 average of daily closes, the Crestmont P/E is 122% above its arithmetic mean and at the 99th percentile of this fourteen-plus-decade monthly metric.  The 2011 article P/E: Future On The Horizon by Advisor Perspectives contributor Ed Easterling provided an overview of Ed’s method for determining where the market is headed. […]
US Dollar Starts December On Shaky Footing

US Dollar Starts December On Shaky Footing

Video Length: 00:07:35 The past 24-hours haven’t been kind to the US Dollar, setting up a shaky start to the final month of 2017. The influences are two-fold, given that the Federal Reserve has been removed as a near-term influence on price action: after all, Fed funds are pricing in a 100% chance of a […]
Zumiez (ZUMZ) Matches Q3 Earnings Estimates, Shares Sink

Zumiez (ZUMZ) Matches Q3 Earnings Estimates, Shares Sink

Zumiez Inc. (ZUMZ – Free Report) just released its third-quarter financial results, posting earnings of $0.48 per share and revenues of $245.8 million. Currently, Zumiez is a Zacks Rank #2 (Buy) and was down 7.11% to $22.25 per share in after-hours trading shortly after its earnings report was released. Matched earnings estimates. The company posted earnings of […]
Tech Bulls Biting Nails At This Price Point, Says Joe Friday

Tech Bulls Biting Nails At This Price Point, Says Joe Friday

First Fact….The Nasdaq tech train trend is up and has NOT derailed at this time, nor has it slowed down! Below looks at the Nasdaq Composite index over the past 20-years: As mentioned above, the trend in the Tech remains higher and it remains above long-term moving averages. This chart highlights a test of a […]
Futures Surge As Johnson, Daines Greenlight Tax Bill

Futures Surge As Johnson, Daines Greenlight Tax Bill

After a planned series of votes on the Trump tax plan were called off last night, GOP senators were scrambling to assuage the concerns of Republican holdouts who suddenly decided that the tax bill would blow out the deficit after one proposal – a so-called “trigger” that would automatically raise taxes if revenue targets aren’t […]