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U.S. Workforce Recovery – Tuesday, Sept. 11

U.S. Workforce Recovery – Tuesday, Sept. 11

We’ve updated our monthly workforce analysis to include last week’s Employment Report for August. The unemployment rate remained at 3.9%, and the number of new nonfarm jobs (a relatively volatile number subject to extensive revisions) came in at 201K. The Unemployment Rate The closely watched headline unemployment rate is a calculation of the percentage of the Civilian […]
China Charm Offensive Sparks Stock Gains As Trade Tensions Ease (For Now)

China Charm Offensive Sparks Stock Gains As Trade Tensions Ease (For Now)

Following weakness overnight in Asia and Europe (not helped by reports from NYT last night that Trump was contemplating sanctions against Chinese officials for human rights violations), US futures were suddenly jolted from their dismal day by a headline from The Wall Street Journal suggesting Beijing backing off from the worst of the trade war rhetoric. Chinese […]
Capitulation Between Gold And Gold Stocks

Capitulation Between Gold And Gold Stocks

David Erfle, Founder of The Junior Miner Junky joins me to discuss the capitulation in gold stock compared to the gold price. A potential slingshot move is mentioned but there are some key levels that GDX would have to break through to turn more investors bullish. (Audio length 00:10:24)
The Most Shorted S&P 500 Stocks — Apple (AAPL) Is Not One Of Them

The Most Shorted S&P 500 Stocks — Apple (AAPL) Is Not One Of Them

We laughed when we saw the headline below linked on the popular Drudge Report website this morning.“Apple becomes most shorted company ahead of iPhone launch…”  Here’s a link to the story posted on Telegraph.co.uk. For those reading this headline that aren’t familiar with the inner-workings of short selling, the assumption might be that investors are turning extremely negative on […]
JOLTS Revised Higher

JOLTS Revised Higher

“Davidson” submits: We are in interesting times! The economic data continues to surge while the consensus calls for correction. Usually, these notes report and comment on the current relevant data. Even though it is understood that previous reports have been revised and sometimes noted, the JOLTS(Job Openings and Labor Turnover Survey) is worth a special […]
Chart Of The Week: Gold Positioning – Back To Bearish

Chart Of The Week: Gold Positioning – Back To Bearish

Gold has taken a beating in the last couple of months, and predictably traders have jumped on the bandwagon – pushing net futures positioning to the shortest since the turn of the century. But is this a contrarian signal? Or capitulation selling? For clarity, the speculative futures positioning indicator is the non-commercial longs minus shorts (standardized […]
AUD/USD: Bulls Pin Hopes On Economic Data Amidst Strong Bearish Trend

AUD/USD: Bulls Pin Hopes On Economic Data Amidst Strong Bearish Trend

Two weeks ago, we noted that AUD/USD was testing a 20-month low on a “perfect storm” of bearish news. With trade and geopolitical tensions still running high, concerns about mortgage rates and metal prices remaining elevated, and bond yields continuing to fall, the fundamental outlook for the Australian economy is little changed. Technically speaking, the outlook […]
Nike Rises After Canaccord Says Buy As ‘Battleship Is Turning’

Nike Rises After Canaccord Says Buy As ‘Battleship Is Turning’

Shares of Nike (NKE) are on the rise after Canaccord analyst Camilo Lyon upgraded the stock to Buy as he believes the company has regained is footing and is marching back to form following two years of a soft product cycle, margin compression, and market share declines. Nike has been in the spotlight after announcing […]
Did The CRB Bottom?

Did The CRB Bottom?

The CRB index has been trending lower since late May. It fell nearly 10% to retrace 50% of the rally come June 2017. This Great Graphic shows the 4 1/2 month trendline. It had been violated in late August but fell back under it at the end of last week.   On Monday, it gapped higher, above the trendline. Today […]
5 Staffing Stocks To Benefit From U.S. Employment Growth

5 Staffing Stocks To Benefit From U.S. Employment Growth

Employment in the United States jumped more than expected in August with blue and white collar industries adding adequate jobs. Notably, jobs were added in professional and business services, healthcare, transportation and warehousing, wholesale trade and mining. The country’s job market remained optimistic despite President Donald Trump’s protectionist trade policies resulting in uncertainties. Employers shrugged […]