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Top Performing Tech ETFs Of 2018

Top Performing Tech ETFs Of 2018

Video length: 00:10:50 Shares of the social networking giant Facebook (FB) have been hammered this week after it was revealed that Cambridge Analytica—a firm working with the Trump campaign—stole information related to about 50 million users. Facebook led other tech stocks lower on Monday. FANG stocks—Facebook, Amazon (AMZN), Netflix (NFLX) and Alphabet-Google (GOOGL)—lost more than […]
E
                                                
                        What Rough Beast?

E What Rough Beast?

One of the more athletic of the school’s security guards bounded into the cafeteria one January day, yelling “pow, pow,” hands holding a phantom firearm.  The remedial class of reluctant readers we were overseeing as a substitute teacher scrambled back to our room as instructed by our principal, himself an overseer of the active shooter […]
Yield Curve Steepens After Fed Meeting

Yield Curve Steepens After Fed Meeting

The Markets’ Reactions To Fed Decision The Fed raised rates by 25 basis points and increased the guidance for rate hikes in 2019 and 2020. I consider this to be a hawkish decision. We’ll go over the wording of the statement in this article, but first let’s look at the markets’ reactions to this decision […]
The Fate Of Facebook’s Momentum About-Face

The Fate Of Facebook’s Momentum About-Face

The following monthly chart of FB shows that price has plunged to near-term support defined by its longer-term uptrend channel median and 23.6% Fibonacci retracement level (166.22). The reversal from its all-time high made last month has been accompanied by accelerating (to the downside) Momentum (peaked in October 2017) and Rate-of-change (peaked in September 2017) technical indicators which, in fact, reversed well ahead […]
Micron Is Sitting In The Catbird Seat

Micron Is Sitting In The Catbird Seat

Micron (MU) reports quarterly earnings after hours. Analysts expect revenue of $7.28 billion and eps of $2.74. The revenue estimate implies 7% growth Q/Q. Investors should focus on the following key items. Gaudy Top Line Growth A year ago Micron’s operations were characterized by slowing revenue growth an declining gross margins. My biggest fear was […]
Completely Zucked

Completely Zucked

Here’s the medium-term pattern on Facebook, which is one of my shorts. And here’s the big picture, showing that the stock is miles away from long-term support.
EC
                        
                        TED, Fed, Credit

EC TED, Fed, Credit

There’s a lot going on in this space at the moment, so I thought it would be good to weigh in on the topics of the TED spread, the Fed, and credit conditions/credit markets. Those with bearish inclinations have jumped and salivated at the prospects of spread widening, funding cost blowouts, and the lies of […]
Most Active Equity Options And Strikes For Midday – Thursday, March 22

Most Active Equity Options And Strikes For Midday – Thursday, March 22

 
Trump Slaps $50 Billion In Tariffs On China, Escalates Trade War

Trump Slaps $50 Billion In Tariffs On China, Escalates Trade War

Ok, so here it is. As widely reported, the U.S. is set to levy some $50 billion in tariffs on Chinese imports in an effort to “offset” the theft of IP. Trump’s going to sign the tariffs memo at 12:30. The tariffs will be published within two weeks and they’ll be an open 30-day public comment period prior […]
Conference Board Leading Economic Index: Another Increase In February

Conference Board Leading Economic Index: Another Increase In February

The latest Conference Board Leading Economic Index (LEI) for February increased to 108.7 from 108.0 in January. The Coincident Economic Index (CEI) came in at 103.3, up from the previous month. The Conference Board LEI for the U.S. increased for the fifth consecutive month in February, fueled by positive contributions from most of the components except for […]