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Above The 40 – Breadth Returns To The Stock Market…Just In Time

Above The 40 – Breadth Returns To The Stock Market…Just In Time

AT40 = 55.3% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 56.8% of stocks are trading above their respective 200DMAsVIX = 9.8 (volatility index)Short-term Trading Call: cautiously bullish Commentary In my last Above the 40 post, I noted how the trading action made it hard for me to cling to my cautiously bullish short-term trading […]
If Gold Starts The Week Running We Could See An Extension Beyond $1,300

If Gold Starts The Week Running We Could See An Extension Beyond $1,300

The Dollar sold off, and metals rallied after Friday’s weak employment numbers. The April and March data was revised lower, adding fuel to gold’s rebound. Oddly, the softer than expected economic data didn’t affect the odds for a June rate hike which remain at 94.6%. The steadfast underperformance in miners contradicts the persistent rally in metals. Nevertheless, […]
Solar Senior Capital: 8%+ Dividend Yield And Monthly Dividend Payments

Solar Senior Capital: 8%+ Dividend Yield And Monthly Dividend Payments

Business Development Companies, or BDCs, have become popular among income investors, particularly retirees. That is because BDCs, as an alternative asset class, offer very high dividend yields, thanks in part to a favorable tax structure. For example, Solar Senior Capital (SUNS) has a current dividend yield of 8.4%. You can see the full list of established […]
US Bond Market Week In Review: Is The Fed’s Fundamental Analysis Wrong?

US Bond Market Week In Review: Is The Fed’s Fundamental Analysis Wrong?

As I observed over the last two weeks, most Fed presidents believe they have achieved their dual mandate – full employment and inflation near 2%. Today, I want to look at the counter-arguments to this assessment – that the U.S. is not at full employment and that inflation is in fact weaker than 2%. Assuming […]
USD/CAD Forecast June 5-9

USD/CAD Forecast June 5-9

The Canadian dollar was almost unchanged last week, with USD/CAD closing at 1.3480. This week’s key event is Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for USD/CAD. In the US, Nonfarm Payrolls was dismal, as the gain of 138 thousand was well below expectations. This reading was surprising, coming on the […]
ECB Meeting And UK Election Key Drivers In Week Ahead

ECB Meeting And UK Election Key Drivers In Week Ahead

This week’s two main events, the ECB meeting and the UK national election have drawn investors intentions in recent weeks. The ECB may take a baby step on what promises several quarters before an exit path from its extraordinary monetary policy.    UK Prime Minister May’s call for a snap election was seen as a strong […]
Economic Events Of The Coming Week – Sunday, June 4

Economic Events Of The Coming Week – Sunday, June 4

Monday: April Factory Orders data will see light in the U.S., where analysts eye a 0.2% MoM contraction. It will be followed by the final estimate of April’s Durable Goods Orders data. Tuesday: May Consumer Price Index data will see light in Russia, where inflation has recently moderated to 4.1% annually. Wednesday: April Factory Orders data will see […]
EUR/USD: Broader Bias Remains Higher On Bullishness

EUR/USD: Broader Bias Remains Higher On Bullishness

EUR/USD: With the pair closing higher the past week, risk of more strength is likely. Resistance comes in at the 1.1300 level with a cut through here opening the door for more upside towards the 1.1350 level. Further up, resistance lies at the 1.1400 level where a break will expose the 1.1450 level. Its daily […]
US Equity And Economic Review: Very Mixed Signals

US Equity And Economic Review: Very Mixed Signals

Last week’s news was evenly divided between good and bad release. Starting with the negative, there is Friday’s jobs report: the headline figure was a paltry 138,000. Adding to the bearishness was the 60,000 decline in previous month’s growth. There are other negative elements starting with weak wage and hourly earnings growth: The percentage of […]
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                        Comey’s Testimony, European Central Bank & U.K Snap Election May All Produce Greater Volatility This Week

E Comey’s Testimony, European Central Bank & U.K Snap Election May All Produce Greater Volatility This Week

Concern! If there is one major theme fast approaching investors and traders as we blast through record levels for the major U.S. indices it has to be concern. Concern will rear its cautiously optimistic head this week as several major events will play out in the public limelight. The testimony of James Comey The European […]