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Strong ISM Manufacturing With An Inflation Aroma

Strong ISM Manufacturing With An Inflation Aroma

The February ISM Manufacturing report for the Manufacturing sector came in much stronger than expected and rose to a level of 60.8 compared to last month’s reading of 59.1 and consensus expectations that were calling for a decline to 58.7. As shown in the chart below, February’s reading was the strongest for the headline index […]
GBP/USD Bearish Series Unfolds Ahead Of More BoE Rhetoric

GBP/USD Bearish Series Unfolds Ahead Of More BoE Rhetoric

GBP/USD remains under pressure despite the lackluster developments coming out of the U.S. economy, and the pair remains at risk of staging a larger pullback over the near-term as it preserves the series of lower highs & lows from earlier this week. The 1.5% reading for the core PCE, the Federal Reserve’s preferred gauge for […]
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                        Natural Gas Hits A 3-Week High

E Natural Gas Hits A 3-Week High

Natural gas futures in the April contract is hitting a 3-week high in today’s trade up 4 points at .2.71 as I have been recommending a bullish position from around the 2.66 level and if you took the trade I will now raise the stop loss to 2.56 as the chart structure is outstanding at […]
Crestmont Market Valuation Update

Crestmont Market Valuation Update

Quick take: Based on the February S&P 500 average of daily closes, the Crestmont P/E is 128% 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. […]
Bear Of The Day: Applied Optoelectronics (AAOI)

Bear Of The Day: Applied Optoelectronics (AAOI)

Applied Optoelectronics (AAOI – Free Report) was a market favorite in early 2017.The stock soared as buyers chased after each other to grab a piece of this ultra hot play. Times have changed and this stock is now a Zacks Rank #5 (Strong Sell) and the Bear of the Day. Description Applied Optoelectronics makes fiber-optic networking products primarily […]
Kroger Stock: New Initiatives

Kroger Stock: New Initiatives

Overview Kroger stock has been tumultuous of late. Kroger (KR) is one of the largest North American grocery store retailers operating 2,790 retail food stores in 35 states. The company has a lot different names under its belt including Kroger, Food 4 Less, City Market, Dillons, Fred Meyer, Fry’s, Harris Teeter, and Jay C. Kroger […]
Why Did You Send Gold Lower, Mr. Powell?

Why Did You Send Gold Lower, Mr. Powell?

Not nice, Mr. Powell! Gold prices fell more than 1 percent after your comments as the Federal Reserve’s new chairman. What did you say – and what are the implications for the precious metals market? As We Warned, Powell Is More Hawkish We have been alerting investors about the hawkish turn at the FOMC for a long time. […]
Most Active Equity Options And Strikes For Midday – Thursday, March 1

Most Active Equity Options And Strikes For Midday – Thursday, March 1

 
USDCAD – Fresh Highs Ahead?

USDCAD – Fresh Highs Ahead?

The loonie has been one of the weakest currencies against the buck this week. The pair has been affected by everything from risk aversion flows to NAFTA concerns to capital outflows. But the underlying reason for its weakness is the market’s appreciation of divergent monetary policies between the two neighbors. With the Fed clearly taking […]
Do Central Banks Have The Ability To Save The Markets Again?

Do Central Banks Have The Ability To Save The Markets Again?

(Audio length 00:15:11) Chris Temple joins me today to share his thoughts on the market’s reaction today to more of Powell’s comments in front of congress. We also look at the general pullback in positive economic data and follow up on Chris’s recent call that yields will peak this year. There is even the potential […]