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Housing Sector Index Creeping Down

Housing Sector Index Creeping Down

The housing sector is highly cyclical and sensitive to economic and credit (interest rate) conditions. Below is a chart showing the development of the Housing Sector Index since the beginning of 2016. It is down 13.4% year-to-date while the S&P 500 index is up 6.2% YTD.  Given the importance of home building/construction for the economy, […]
Turkey And Russia May Ditch Greenback For Direct Lira-Ruble Trade

Turkey And Russia May Ditch Greenback For Direct Lira-Ruble Trade

Moscow and Ankara may circumvent the US Dollar amid an exploding currency crisis and trade directly with each other using the Russian ruble and Turkish lira, according to Kremlin spokesman Dmitry Peskov. “The issue of using national currencies in bilateral trade operations is a topic that has been raised by the Russian side for a […]
3 USAA Mutual Funds For Spectacular Gains

3 USAA Mutual Funds For Spectacular Gains

USAA Investment Management Company allocates its assets across a wide range of mutual fund categories, including both equity and fixed-income funds. The company seeks to follow military values — Service, Loyalty, Honesty, and Integrity — to offer financial services such as brokerage services and discretionary asset management. Founded 40 years ago, the company currently has […]
Cold Next Week Hits Natural Gas

Cold Next Week Hits Natural Gas

It was a slow day trading the prompt month natural gas contract, with the September contract trading in just a 3.3-cent range through the day. It settled down a bit more than half a percent on the day as forecasts continued to cool in the medium-range.  The role of cooler forecasts was readily apparent as […]
What’s Hot Isn’t Retail Sales Growth

What’s Hot Isn’t Retail Sales Growth

Americans are spending more on filling up. A lot more. According to the Census Bureau, retail sales at gasoline stations had increased by nearly 20% year-over-year (unadjusted) in both May and June 2018. In the latest figures for July, released today, gasoline station sales were up by more than 21%. The last time they surged […]
Golden Tears

Golden Tears

Like the rain streaming down a window pane in a heavy storm, so gold continues to fall just as fast and no doubt reflecting the tears of the gold bugs, who must be wondering when and if gold will ever rise again. The last three days have been cruel for them by any standard with […]
Stocks And Precious Metals Charts – Sharknado – Stock Option Expiration On Friday

Stocks And Precious Metals Charts – Sharknado – Stock Option Expiration On Friday

A brief respite, to unload the recent acquisition from the car, has allowed me to at least post updated charts. As you can see, the metals were hammered a bit today, out of proportion to strength in the US dollar at least which also finished mostly unchanged. Stocks were weak, led lower by the tech which […]
Foreigners Dumped US Treasurys In June: Japan Holdings Drop To 7 Year Lows

Foreigners Dumped US Treasurys In June: Japan Holdings Drop To 7 Year Lows

With Russia no longer even figuring among the top holders of US Treasurys following two straight months of liquidations in April and May, which brought Moscow’s holdings of US government bonds to virtual nil amid a major push to diversify away from the dollar… … bond traders were looking to see if the example set […]
Ta-Rough

Ta-Rough

You can say whatever you want about tariffs and the pros and cons on both sides of the argument, but with respect to the metals and mining companies, keep your ‘pros’ to yourself. The group has been stuck in a downtrend ever since the topic of tariffs first came up, and is now basically in […]
Two Largest QQQ Components Compromised?

Two Largest QQQ Components Compromised?

Last week, I opined a technical piece entitled, ” Momentum Divergences Flashing Warnings Signs for QQQ & FAANG Stocks”, which highlighted the near- and intermediate-term divergences that were and still are developing in the big-cap technology sector. Today I follow up with a look under the hood and the technical setups in Apple (AAPL) and […]