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Important Resistance Test In Play For Non-U.S. Stock Indexes

Important Resistance Test In Play For Non-U.S. Stock Indexes

While most global stocks topped at the beginning of 2018, some markets recovered… and some did not. For instance, the major U.S. stock market indexes have fought back to make new highs, while Emerging Markets and Developed markets outside the U.S. continued to struggle. Strength in the U.S. Dollar combined with a strong bias toward U.S. […]
Impossible Hawks

Impossible Hawks

On December 8, 1940, Winston Churchill wrote to Franklin Roosevelt. The situation was indeed grim, France having fallen to the Germans and the United Kingdom pushed right off Continental Europe. Defeats in the Pacific were some of the worst in the long history of the British Nation. The battle was now raging over English skies, […]
Gold/Silver Ratio Back At Extremes

Gold/Silver Ratio Back At Extremes

The gold/silver ratio, calculated by simply dividing the gold price by the silver price, may be signaling the end of the bear market in metals is drawing near. That could be good news for gold investors and great news for those who hold silver. First, let’s take a look at a long-term chart of the […]
Stocks And Precious Metals Charts – FOMC Day

Stocks And Precious Metals Charts – FOMC Day

The Fed raised its benchmark rate by 25 bp today. The market had indicated a 100% probability of this according to the common measures. They also removed the word ‘accommodative’ from their statement, which means pretty much nothing. Stocks initially rallied higher, strongly. And then Jay Powell, the Fed chair, conducted his press briefing. And […]
Stocks And Precious Metals Charts – Whited Sepulchers, Legions Of Swine

Stocks And Precious Metals Charts – Whited Sepulchers, Legions Of Swine

“Those among the rich who are not, in the rigorous sense, damned, can understand poverty, because they are poor themselves after a fashion; but they cannot understand destitution. Capable of giving alms, perhaps, but incapable of stripping their own souls bare, they may be moved to the sound of beautiful music, to Jesus’s sufferings, but His […]
Hot Options Report For End Of Day – Tuesday, Sept. 26

Hot Options Report For End Of Day – Tuesday, Sept. 26

Data Courtesy of Trade Alert 
Market Talk – Tuesday, Sept. 26

Market Talk – Tuesday, Sept. 26

A better and more constructive day all around for Asian equities as most markets reopened (S. Korea still off) for business. With both the Shanghai and Hang Seng opening firmer, a steady trend developed to return 1% for both indices. Remarks overnight from US President Donald Trump failed to assist US trading or external commitment, […]
New S&P 500 Sector Breadth Levels

New S&P 500 Sector Breadth Levels

Below is a look at the average stock’s distance from its 50-day moving average using the new GICS sector re-classifications that were made earlier this week. As shown, the average stock in the broad S&P 500 is 1.08% above its 50-day moving average, while Health Care stocks are the most extended at +3.92%. Four other […]
Fed Hikes Rates Again In Slam-Dunk Decision. Could A Trade War Derail Future Raises?

Fed Hikes Rates Again In Slam-Dunk Decision. Could A Trade War Derail Future Raises?

The U.S. Federal Reserve (the Fed) raised interest rates again today, marking its eighth hike for the expansion. This was a slam-dunk decision—fiscal stimulus has pushed U.S. GDP (gross domestic product) growth rates well above the economy’s long-term potential, the unemployment rate is hovering near a 50-year low1 and core inflation is within a rounding error […]
Margin Debt And The Market – Tuesday, Sept. 26

Margin Debt And The Market – Tuesday, Sept. 26

Note: The NYSE has suspended their NYSE Member Firm margin data as of December 2017. We have replaced our Margin Debt data with FINRA data, which includes data for all firms, not just NYSE member firms.  The New York Stock Exchange previously published end-of-month data for margin debt on the NYX data website, including historical data going […]