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End Of Day Rally?

End Of Day Rally?

The 5 minute $SPY chart displays end of day rally. But it may have just meant some squaring up into the close.
Stocks And Precious Metals Charts – Illusions Unraveling

Stocks And Precious Metals Charts – Illusions Unraveling

Stocks were able to nearly hold their ground with modest losses into the European close. They were rattled by the rather poor Non-Farm Payrolls Report, but especially by the escalating war of words over trade between the US and China. Trump could not resist answering the Chinese braggadocio about victory with another $100 Billion in tariffs. […]
“We May Take A Hit”: Trump Warns Investors To Prepare For “Pain” In The Market

“We May Take A Hit”: Trump Warns Investors To Prepare For “Pain” In The Market

Two days ago, when we commented on the early morning plunge in stocks (which was subsequently fully reversed by the close in a historic 800 point Dow reversal), we said that a long-standing question – will Trump pick plunging stocks or trade war- had finally gotten its answer when CNBC’s Eamon Javers said that a “White House official […]
RecessionAlert Weekly Leading Index Update – April 6

RecessionAlert Weekly Leading Index Update – April 6

The latest index reading came in at 21.4, up from 20.8 the previous week. RecessionAlert launched an alternative to ECRI’s Weekly Leading Index Growth indicator (WLIg). The Weekly Leading Economic Index (WLEI) uses fifty different time series from these categories: Corporate Bond Composite, Treasury Bond Composite, Stock Market Composite, Labor Market Composite, Credit Market Composite. RecessionAlert emphasizes that […]
Upcoming Earnings Reports To Watch: BBBY, BLK, DAL

Upcoming Earnings Reports To Watch: BBBY, BLK, DAL

Stocks opened lower and stayed in the red throughout early morning trading Friday after reports emerged suggesting that President Trump is doubling down on tariffs and has ordered the U.S. Trade Representative to consider new charges on an additional $100 million in Chinese imports. The move is an extension of trade disputes between the U.S. […]
Plotting The Bitcoin Trend

Plotting The Bitcoin Trend

  Bitcoin chart followers note a dismal-looking trendline. A clear pattern has emerged in the bitcoin chart, and it’s not pretty. Bitcoin Futures Does anyone remember the hype regarding the launch of bitcoin futures? The true believers thought that bitcoin futures would let the big boy in and that would take Bitcoin to the moon. […]
US Trade Deficit Grows – 06 April 2018

US Trade Deficit Grows – 06 April 2018

According to figures released by the US Department of Commerce, the US trade deficit with the rest of the world opened up to $57.6 billion in February, the largest monthly deficit seen since 2008. The deficit was wider than predicted and partly due to an increase in foreign services purchased by the USA such as […]
USD/CAD – Why It Could Hit 1.26 Next Week

USD/CAD – Why It Could Hit 1.26 Next Week

One of the biggest stories next week could be a NAFTA deal. In the past week, both President Trump and Prime Minister Trudeau have said that significant progress has been made and its widely believed that a preliminary agreement will be announced at the summit in Peru beginning on Friday April 13. With the Mexican […]
U.S. Job Growth Slumps While Trade War Fears Rise

U.S. Job Growth Slumps While Trade War Fears Rise

On the latest edition of Market Week in Review, Chief Investment Strategist Erik Ristuben and Rob Cittadini, director, Americas institutional, discussed the U.S. employment report for March and the market impact of potential tariffs on U.S. and Chinese goods. U.S. March employment report misses consensus expectations The U.S. economy added just 103,000 jobs in March, […]
What Is The Relationship Between Crude Oil And Energy Stocks?

What Is The Relationship Between Crude Oil And Energy Stocks?

At the end of the first quarter, Crude Oil was up 7.5% while Energy stocks were down 6.1%. How unusual is such a divergence? Let’s take a look. Note: References to Energy/Energy Stocks/Energy Sector throughout this post are referring to the S&P 500 Energy Sector ETF (XLE), total return data from Stockcharts.com.  Since the inception of […]