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General Motors: A Promising Future With 20% Upside Potential

General Motors: A Promising Future With 20% Upside Potential

Value investor Warren Buffett focuses on finding excellent firms at attractive prices. GM’s focus on technological advancements and innovations puts the company in a favorable market position. With the promising financial outlook and valuation pushing 20% upside, the stock appears to be attractive at the current market price. Technology Incorporated in Auto-Industry Like many other […]
It’s Been Years Since A Meaningful Crossover

It’s Been Years Since A Meaningful Crossover

As we gasp and wheeze toward the end of the quarter (well, at least that’s what I’ve been doing, having been sick it seems most of the year!) I thought we’d take a moment to look at a very simple thing. That is, the moving averages (without anything else) of the S&P 500 cash index. […]
Low Tech

Low Tech

So Wednesday was all about Tesla and Amazon, with the former plunging on concerns about fatal accidents that are maybe/maybe not related to Elon Musk’s Autopilot/auto lawsuit feature and the latter falling on jitters about whether Donald Trump is going to get sick enough of the Washington Post to take it out on Jeff Bezos. […]
Natural Gas Withdrawal Season Winds Down

Natural Gas Withdrawal Season Winds Down

After tomorrow’s EIA report, we look ahead to just two more expected withdrawals from storage before gas begins getting injected back into storage for next winter. In our Morning Update we outlined our recent storage expectations, with an extra week of withdrawals likely this year because of strong early April cold.  Clearly, natural gas prices […]
A Choppy, Headline-Driven, Sideways Market

A Choppy, Headline-Driven, Sideways Market

The bullish percents continue to point lower confirming the short-term downtrend. The number of 52-week lows is still a bit elevated which also confirms the short-term downtrend.  Bonds have found support and have started to rally. The 10Y yield has dipped (prices higher, yields lower). But the dip isn’t enough yet to change the longer-term […]
Stocks And Precious Metals Charts – Renovated Eyes

Stocks And Precious Metals Charts – Renovated Eyes

Stocks just could not get much lift today, despite early rally attempts centered on the SP 500 futures. Tech was just a dead weight, and the financials could not carry the ball when it was handed to them. Tech and financials have been the lead sled dogs throughout this entire post-election rally. And unless a […]
AUD/NZD: Betting On 1.04-1.11 L/Term Range To Hold A Profitable Strategy?

AUD/NZD: Betting On 1.04-1.11 L/Term Range To Hold A Profitable Strategy?

The Australian dollar has been suffering against the greenback of late. But what about its trade against the New Zealand dollar? Here is their view, courtesy of eFXnews:  NAB Research discusses AUD/NZD medium-term outlook and expects its 1.04-1.11 long-term range to hold in the medium-to-long term. “Since 2014, the cross has traded within a 1.04-1.11 range […]
The US Dollar Rebound That No One Is Talking About

The US Dollar Rebound That No One Is Talking About

Chris Temple joins me to focus on the rebound in the USD. Looking like a potential short term triple bottom it is not out of the question to see the dollar continue to move higher. This goes in the face of the long Euro, short USD trade that has been in play since early last […]
What I Am Looking At While Waiting For A Major Breakout In Precious Metals (Or For Godot*…)

What I Am Looking At While Waiting For A Major Breakout In Precious Metals (Or For Godot*…)

In my opinion, there is a good chance that precious metals will finally break above the latest cyclical tops established in July / August 2016.  However, to do it, gold has to be stronger than the US dollar using an absolute measure. Or, in other words, applying the concept of the goldollar index:   source: Simple […]
Can You Imagine $5000 Gold? – I Can, Here’s Why

Can You Imagine $5000 Gold? – I Can, Here’s Why

Upcoming risk events: USD: Personal Spending m/m, Unemployment Claims.  EUR: German Prelim CPI m/m. GBP: Current Account. JPY: N/A. Gold 30 min 4 Hours Daily My Bias: Long to a new all-time high above 1827. Wave Structure: Impulse structure to a new high. Long-term wave count: wave (3) above 1666. Gold accelerated lower in a possible wave ‘iii’ […]