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Archives by Year:
Tech Indices Finally Succumb To Large Cap Selling
The Media blamed Facebook for today’s woes but really the damage was done in January when Large Cap indices sold off and today was the turn of profit takers to take a shot at those high flying Tech Indices. Markets still are a long way from the oversold conditions of February 2016, November 2011 and […]
Top 5 Charts Of The Week – Tuesday, March 27
In this week’s edition we look at how monetary policy interacts with high yield corporate credit spreads – particularly relevant in the wake of the latest rate hike, then we also look at the TED spread and what it might be telling us about the risk outlook. Subsequently, we review emerging market import volumes and […]
The “Real” Goods On The February Durable Goods Data
Friday morning, the Census Bureau posted the Advance Report on the latest Durable Goods New Orders. This series dates from 1992 and is not adjusted for either population growth or inflation. Let’s now review Durable Goods data with two adjustments. In the charts below the gray line shows the goods orders divided by the Census Bureau’s monthly […]
WTI/RBOB Extend Losses After Surprisingly Large Crude Build
The whole energy complex tumbled today (as the usd strengthened) amid the risk off rout, and extended losses after API reported an unexpectedly large crude build. “Oil prices gained and now they’re testing this key resistance level” of the January high, said Hans Van Cleef, senior energy economist at ABN Amro. “We’re waiting for the inventory data to […]
Tesla Stock Dives Amid Call For Bankruptcy In 4 Months
Tesla Inc. (Nasdaq:TSLA) stock tumbled another 4% on Tuesday after a long-time bear built a case for it to slide even further. He feels a Tesla bankruptcy is imminent. Although TSLA remains above where it was this time a year ago, short-sellers see it falling even further. The automaker’s junk bonds are being heavily shorted […]
A Safer Bet Against Tesla
Last week in Tesla Troubles, I provided a brief overview of the bullish and bearish cases for electric vehicle (EV) maker Tesla Inc (NASDAQ: TSLA). Let me first make clear that I have nothing against Tesla as a company or its CEO Elon Musk as a person. I believe the future of EVs is incredibly promising. But I […]
Natural Gas Pops Into April Contract Expiry
Natural gas prices popped into expiry today, with the April contract rallying just less than 3% before going off the board. This fit perfectly with our expectations. Our Morning Text Message Alert to trader level subscribers outlined that we saw the April contract as likely to expire from $2.68-$2.7 given recent weather trends, with our […]
Facebook Becomes A More Attractive Buy With Each Day
I like the television show Blue Bloods, starring Tom Selleck, which I think makes me old. The show airs at 9 p.m. Central time on Friday. If I watch it at the appointed time, then I’m necessarily at home. On a Friday night. Watching television. And then there’s the content. The show centers around a New […]
The Market Rally
SPX Monitoring purposes; Long SPX on 3/22/18 at 2643.69. Monitoring purposes Gold: Covered short GDX on 3/21/18 at 21.86 = gain .073%; Short on 3/6/18 at 22.02. Long-Term Trend SPX monitor purposes: Long SPX 3/14/18 at 2749.48. On the top window is the equity Put/Call ratio which closed yesterday at .76. Readings above 75 predict […]
Tesla Stock Is Getting Pounded: What To Do
Tesla Stock (TSLA) is getting crushed following chipmaker Nvidia Corp’s (NVDA) decision self-driving. Tesla stock is down 7%. Nvidia has suspended self-driving tests across the globe, a week after an Uber Technologies Inc. (UBER) autonomous vehicle hit and killed a woman crossing the street in Arizona While Tesla is getting pounded so is NVDA stock. […]
