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Archives by Year:
Nasdaq 100 Getting Oversold – Turning XLK Credit Call Spread Into Iron Condor
Risks are building medium- to long-term, but the Nasdaq 100 is getting oversold on the daily chart. After major U.S. equity indices reversed on February 9, tech-heavy indices were the only ones to rally to new highs. The Nasdaq 100 index peaked on January 26 at 7022.97, which then got taken out on March […]
3 Data Storage Stocks That Are Undervalued After Tech Selloff
Investors know that technology stocks have skyrocketed over the last few years, helping lift the S&P 500 and the Nasdaq to new heights. They also understand that this recent bearish turn can be attributed, in large part, to investors selling these same tech stocks. The recent market-wide downturn obviously offers investors the chance to buy […]
USD/CAD Daily Analysis – Thursday, March 29
USD/CAD is facing 1.2948 resistance. A breakout of this level would indicate that the downtrend from 1.3124 had completed at 1.2814 already, then the following upside movement could take price to next resistance level at 1.3000, followed by 1.3124. Support is at 1.2803, only a breakdown below this level could trigger another fall towards 1.2650.
Covenant-Lite Loan Issuance Hits New Record
Institutions in search of yield are gobbling up loans with little protection, at riskier and riskier spreads. Record-breaking chart from LeveragedLoan.Com. The share of outstanding leveraged loans that are covenant-lite crept to another record high in February, reaching 75.8%, according to LCD and the S&P/LSTA Loan Index. At the end of February, the amount of U.S. […]
Moving Averages: Month-End Preview – Thursday, March 29
Here is an advance preview of the monthly moving averages we track after the close of the last business day of the month. At this point, before the close on the last day of the month, all three S&P 500 strategies are signaling “invested” — unchanged from last month’s triple “invested” signal. Three out of […]
Fibonacci Confluence Levels On Netflix
As I mentioned in yesterday’s post of the FAANGs, volatility is on the rise for all of them, including Netflix (NFLX). The weekly chart below shows the confluence levels of two sets of Fibonacci retracements…around 273, 235, 210 and 174. These levels also intersect with the lines parallel to the median of the Andrew’s Pitchfork channel, and the median, itself. A drop and hold below the first […]
“Tech Wreck,” ‘Techlash,” “Techmageddon’ – Whatever You Call It, Wall Street Is Terrified Of It
Back in the 1990s, critics of the dot-com bubble used to point out that the global economy depended on the US stock market and the US stock market depended on, like, ten Internet stocks with negative aggregate earnings. The resulting inverted financial pyramid was, the critics claimed, very easy to tip over. They were right […]
What’s Next For Stock Markets In 2018?
Are Bonds signalling that Risk-on Continues for Stock markets in 2018? This is the question we will cover in this article to assess if the market is still in a Risk-On phase in 2018 or if the tide has turned. Financial Media outlets are full of stories about how Tariffs and trade war is impacting the stock […]
How To Trade The UK GDP With GBP/USD
The final read of UK GDP for Q4 2017 is closely watched and may provide a trading opportunity. The Market Impact tool lays out the bullish and the bearish scenarios for trading the event. Buying GBP/USD scenario Tradable Positive Trigger: +0,85 deviation [BUY Pair] Key Resistance Level: 1.4150 If it comes out at higher than expected […]
Stock Buybacks Outperform CAPEX Spending
In the past few years stock buybacks have been increasingly criticized by investors who believe the stock market and economy are in a bubble. The main evidence they bring to the table is that companies bought back a record amount of their own shares before the financial crisis in 2008. The market fell about 55% in 2008, […]
