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The Markets Are In A Precarious Spot

The Markets Are In A Precarious Spot

Today’s action has prompted me to re-evaluate the Wave structure to accommodate the immense amount of correctiveness going on over the past three weeks.The decline from 2801.90 to 2553.80 took exactly 14 market days, while the rally to today’s high took precisely 6 market days.That kind of precision means that Cyclicality is at work, especially […]
Is Good Health Worth The Cost?

Is Good Health Worth The Cost?

“The future is never clear, and you pay a very high price in the stock market for a cheery consensus. Uncertainty is the friend of the buyer of long-term values.” — Warren Buffett During the season opening baseball game for the Seattle Mariners, the Make-a-Wish® Foundation blessed a young boy who has fought cancer at Seattle […]
Honeywell: A High-Growth Dividend Stock

Honeywell: A High-Growth Dividend Stock

Honeywell International (HON) produces avionics equipment, small jet engines, industrial materials, climate control systems and automotive products. It has also increased its dividend for nearly a decade. Honeywell will join the list of Dividend Achievers with just a few more dividend increases. This article will discuss Honeywell’s most recent earnings report, guidance for 2018, dividend […]
Time To Consider Buying Facebook

Time To Consider Buying Facebook

As I watch Mark Zuckerberg testify in Congress today, I’m reminded of the article I wrote on the subject two weeks ago. At the time, shares of Facebook (Nasdaq: FB) were dropping fast. Since then, we’ve had plenty of ink spilled on the subject of data privacy and the role of Facebook in keeping our information […]
Stocks And Precious Metals Charts – Said The Joker To The Thief

Stocks And Precious Metals Charts – Said The Joker To The Thief

Today was the long awaited testimony of the Facebook CEO Mark Zuckerberg before the Congress. I have to say it was tedious for the most part, and rather embarrassing here and there. I had to turn it off to watch old movies and documentaries.  I have some fellows who came rather late to clean the chimneys […]
WTI/RBOB Slide After Surprise Crude Build

WTI/RBOB Slide After Surprise Crude Build

The last two days have seen WTI/RBOB prices soar (as trade-war fears ebb and Saudi hopes for higher prices) but they gave a little back after API reported a surprise crude build and notable Gasoline build. API Crude +1.758mm(-1.25mm exp) Cushing +1.452mm (+2mm exp) Gasoline +2.005mm Distillates -3.849mm Last week’s surprise Crude draw (and expectation of […]
Market Talk – Tuesday, April 10

Market Talk – Tuesday, April 10

Today’s comments from China president, Xi Jinping that China was willing to open its markets, soon lent equities a helping hand. From a lower core opening, it was not long before all started to move from strength to strength. Shanghai and the Hang Seng reacted most to the speech and saw returns of around 1.75% […]
Hot Options Report For End Of Day – Tuesday, April 10

Hot Options Report For End Of Day – Tuesday, April 10

Top tickers for end of day: AET, BAC, FB, AAPL, MON, T.
Earnings Season Is Ready To Save The Stock Market

Earnings Season Is Ready To Save The Stock Market

Earnings Season Saved The Market Earnings season will be starting this month. That’s a welcome relief for the stock market which has been dealing with a lot of negative headlines mostly from the tariff battle with China. The market is in an unusual situation where earnings growth is remarkably strong even though the business cycle […]
Short Setups Just In Case We Reverse (Again) Tomorrow

Short Setups Just In Case We Reverse (Again) Tomorrow

Look, I want us to keep pushing higher. I am positioned for the market to go higher.  But the bulls are stuck in this nasty sideways trading pattern that keeps seeing hard reversals in both directions.  That makes it hard to make any sustainable progress in the stock market.  Today is a good start for […]