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Archives by Year:
Banging Bonds
Yesterday was completely bizarre for me, because soaring bonds and weakening interest rates really put the chill on my day (until the end, when it all worked out). Even though, as of this moment, the ES is green (OK, just barely) and the NQ has done about a 100 point about-face from the downside, I’m […]
Sectors Are Rolling Over
My Swing Trading Approach Currently, I am 100% cash and will stay that way, until there is a definable edge in this market. Indicators VIX – Big pop in the VIX yesterday sent the indicator to 23.34. Watch to see whether it breaks the highs from March. T2108 (% of stocks trading below their 40-day moving average): […]
Morning Call For Friday, March 23
Overnight Markets and News Jun E-mini S&Ps (ESM18 -0.24%) this morning are down -0.26% at a 6-week low and European stocks are down -1.38% at a 13-1/4 month low as global stocks sell-off on heightened trade concerns. The trade conflict between the U.S. and China escalated after China unveiled tariffs on $3 billion of U.S. […]
Sensex Drops 400 Points; Realty Stocks Top Losers
After opening the day in red share markets in India witnessed negative trading activity throughout the day and ended the day well below the dotted line. Sectoral indices too ended the day in the red, with stocks in the realty sector and stocks in the metal sector leading the losses. At the closing bell, the BSE Sensex stood lower by 410 points […]
China Planning Tariffs On U.S. Steel, Aluminum – We’re Gonna Need More Chocolate Cake
Here we go, folks. As if the backdrop needed to get any more fraught after Thursday’s bloodbath on Wall Street, these headlines suggest things could get uglier in a hurry : CHINA PLANS RECIPROCAL TARIFFS ON US STEEL AND ALUMINUM PRODUCTS CHINA PLANS TARIFFS ON $3B OF U.S. STEEL, ALUMINUM, PORK, WINE More details from Bloomberg: China […]
Dropbox, Pork And Wine
Of course Dropbox had no way of knowing that their IPO was going to hit the market at such a pivotal time for the global markets. The cloud storage company managed to raise $756 Million from investors and an additional $100 Million from a private deal with Salesforce. The company is now worth a total of $9.2 Billion, […]
Trade Tiffs And Crazy Cuts
Oil sold-off on tariff fears but rallied back as Saudi Arabia is signaling that they are just crazy about production cuts and want an extension. Its tariff fears versus ring demand and falling supply for oil and it seems that supply and demand have the edge right now. Oil prices yesterday followed stocks lower, grudgingly […]
USD/JPY Breaks Symmetrical Triangle, At Fresh Yearly Lows On Trade Concerns
The US Dollar (via DXY Index) has undergone another bout of volatility thanks to the announcement of the Trump trade tariff against China. With the $50 billion tariff announcement yesterday, coupled with the response by the Chinese government to levy its own retaliatory tariff on $3 billion of US goods, it seems that our concerns of a budding […]
US Business Cycle Risk Report – Friday, March 23
Fears of a global trade war are rattling stock markets around the world after President Trump imposed tariffs on China on Thursday. China’s commerce ministry responded immediately with tariffs on US imports. If trade restrictions escalate, there will be a price to pay in economic growth and so this evolving news story deserves close attention for monitoring macro risk. […]
Dow Jones – Bounce Due On The Way To 21,000 Level, Says Joe Friday
Over the past couple of months, the Dow Jones Index could be forming a descending triangle pattern, which two-thirds of the time leads to lower prices. The declines of late have the Dow testing support of this pattern, where a “short-term rally is due!” If it is forming a descending triangle pattern, a short-term bounce could start at any […]
