Archives by Month:

Archives by Year:

Decision Time For Nasdaq

Decision Time For Nasdaq

The Nasdaq experienced its second day of losses to bring it back down to 2018 channel support. This looks to be a critical time for the index given the convergence with the 20-day MA. There was a MACD trigger ‘sell’ and -DI/+DI ‘sell’ too to compound today’s selling. On-Balance-Volume will turn negative tomorrow if there […]
Why Bonds Can’t Go Down

Why Bonds Can’t Go Down

The better headline for this story is “If Bonds Can’t Go Down Stocks Can’t Either.” The U.S. Treasury bond market has suddenly ground to a halt, puzzling traders, investors, and hedge fund managers alike. Last week, the yield on the 10-year Treasury bond  traded as low at 2.85%. That is a miniscule 25 basis points […]
Is It Time To Migrate Out Of Stocks?

Is It Time To Migrate Out Of Stocks?

Magpies, illustrated in the photo, once September and the cooler weather hits, leave the high country and head low to find heavy cover. As investors consider September one of the hardest months to trade, we are finding many leaving the rally and heading for heavy cover as well. Yesterday, we looked at a shaky market […]
Stocks For You To Swing-Trade: CMG, DFS, HLT

Stocks For You To Swing-Trade: CMG, DFS, HLT

Friday’s Swing-Trades: Take a look at three trading ideas to prep you for the next trading session. Long Chipotle Mexican Grill (CMG) Long Discover Financial Services (DFS) Short Hilton Worldwide (HLT)
Market Remains Overvalued – Thursday, Sept. 6

Market Remains Overvalued – Thursday, Sept. 6

Here is a summary of the four market valuation indicators we update on a monthly basis. The Crestmont Research P/E Ratio (more) The cyclical P/E ratio using the trailing 10-year earnings as the divisor (more) The Q Ratio, which is the total price of the market divided by its replacement cost (more) The relationship of […]
AUD/USD Holds Narrow Range Despite Rising Australia Mortgage Rates

AUD/USD Holds Narrow Range Despite Rising Australia Mortgage Rates

AUSTRALIAN DOLLAR TALKING POINTS AUD/USD holds a narrow range even as commercial banks in Australia start to raise interest rates, with the exchange rate at risk for further losses as the Reserve Bank of Australia (RBA) remains in no rush to lift the official cash rate (OCR) off of the record-low. AUD/USD HOLDS NARROW RANGE DESPITE […]
Stocks Sink As FANG Suffers Longest Losing Streak In 7 Months

Stocks Sink As FANG Suffers Longest Losing Streak In 7 Months

China Stocks slumped once again… European stocks faded with DAX and CAC underperforming on the week… Nasdaq was the laggard in the US for the 2nd day in a row… with Shanghai Comp back below 2700…(once again the trend stopped on a dime at the European close)… The Dow managed to close green (thanks to […]
Market Talk – Thursday, Sept. 6

Market Talk – Thursday, Sept. 6

Another weak day across the board, starting in Asia and spreading west. There are ongoing concerns about emerging markets and the additional leverage being used almost everywhere. Much of this is being extended through the tech sector and that is what hurt the Hang Seng today. Closing down 1% it has also had a negative […]
Broadcom Third Quarter Earnings

Broadcom Third Quarter Earnings

CNBC’s Josh Lipton breaks down Broadcom’s third-quarter earnings, which beat EPS expectations while revenue was in line.  
A Closer Look At Today’s ADP Employment Report – Thursday, Sept. 6

A Closer Look At Today’s ADP Employment Report – Thursday, Sept. 6

In this morning’s ADP employment report we got the August estimate of 163K new nonfarm private employment jobs from ADP, a decrease over July’s 217K. The popular spin on this indicator is as a preview to the monthly jobs report from the Bureau of Labor Statistics. But the ADP report includes a wealth of information that’s worth exploring […]