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What Is Trump Up To With All This Tariff Talk

What Is Trump Up To With All This Tariff Talk

The market is really upset by the Trump Administration’s hawkish trade tariff talk. But what he’s doing is simple. Trump is just playing for the midterm elections. He has 3~4 months to pull a rabbit out of a hat and impress the voters with his ability to bring home the bacon. Will it work? Maybe. You […]
Bank Bloodbath Batters Stocks Below Key Support As Yield Curve Crashes

Bank Bloodbath Batters Stocks Below Key Support As Yield Curve Crashes

Yeah that happened… Video length: 00:02:19 China was ugly overnight (after The National Team tried to save things on Tuesday)… European stocks rebounded (along with US stocks early) on the heels of soothing White House comments – but remember they closed before the collapse in US had got going… But that dead-cat-bounce died again as […]
Bed Bath & Beyond Shares Fall On Declining Comps

Bed Bath & Beyond Shares Fall On Declining Comps

CNBC’s Seema Mody reports on Bed Bath & Beyond shares falling due to same-store sales declining 0.6 percent, below Wall Street expectations, in its first-quarter earnings report.
Stocks And Precious Metals Charts – Seneca At The Court Of Nero – Slouching Towards Bethlehem

Stocks And Precious Metals Charts – Seneca At The Court Of Nero – Slouching Towards Bethlehem

Stocks attempted to add to the rally, but failed in the afternoon and went out on the lows.  Perhaps a little more downside is warranted, but one might think that if this is a usual retracement it will find its completion quite soon. However, there is the possibility that the decline may continue on. And […]
Top 5 Charts Of The Week – Wednesday, June 27

Top 5 Charts Of The Week – Wednesday, June 27

This week: 1. Global container throughput index (a rebound has been seen) 2. Global manufacturing PMI vs bond yields (topping out, what’s next?) 3. US economic noise index (an omen for the markets) 4. Global bear market count (not much to worry about, on face value…) 5. PE10 valuations – US small caps (some extreme […]
Sector Watch: The Bears Are Flipping The Script

Sector Watch: The Bears Are Flipping The Script

Recent leading sectors starting to struggle Let’s be honest, it is never good when utilities are leading the way. And not even mentioned in the rankings below, is the fact that staples are starting to show signs of life once again.  Meanwhile, technology is struggling, discretionary is showing signs of breaking down and healthcare is […]
Tech Stocks: Tough Next Few Days

Tech Stocks: Tough Next Few Days

You know we’ve been big bulls on Tech Stocks (SMH), (QQQ), (XLK) but we changed on Monday saying “Did Tech Change Today?” We’ll talk about the next few days but first a reminder of our change on Monday, “For our Buys, the stocks we like most, I want to step to the sidelines. It’s not easy […]
China Stock Market Has 10 Pct More Downside, Major Buy Opportunity Setting Up

China Stock Market Has 10 Pct More Downside, Major Buy Opportunity Setting Up

China’s stock market is clearly in a corrective period, short term. Since February of this year the Shanghai Stock Exchange (SSEC) retraced from 3600 points to 2815 at the time of writing. Is this a buy opportunity or this the start of a new long term bear market? Before looking into the current state we […]
No Dice…

No Dice…

If Trump thought reversing the damage done on Monday (when reports that the administration is set to restrict Chinese investment in U.S. industries tanked stocks) was going to be as simple as tipping a less aggressive approach to the review process, he was wrong, because the early relief rally that accompanied the announcement was faded. No dice… […]
Bullish Percents Continue To Point Lower

Bullish Percents Continue To Point Lower

TLT is now trading above its 200-day with a very convincing tick higher. Nice if you own bonds, but not nice if you own stocks. The VIX is also trading in the range that tends to push stocks lower. Bullish Percents continue to point lower. The PMO Index is at the lows of its range […]