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US & Global Market Internals

US & Global Market Internals

Last week we introduced Uncle Buck as an ‘internal’ and boy, did he not disappoint. USD dropped through the 94 area support and closed the week that way, despite a bounce on Friday. If the breakdown is not a whipsaw, our initial target is the 200 day moving average (currently 92.44) and the expectation would […]
Three Big “B” Banks

Three Big “B” Banks

It’s been a fairly mellow day so far (how excited can one get about an ES which is down 0.02%?) But I’m pleased with my short positions. Here are three financial stocks, all beginning with the letter “B” (which is an even more effective method than using Elliott Wave) and some suggested paths.
Inflation Forecasted To Rise Above Fed’s 2% Target

Inflation Forecasted To Rise Above Fed’s 2% Target

Inflation – Weak Services Push Composite Flash PMI Lower The flash September composite PMI from Markit was weak because the service sector missed estimates sharply. The composite PMI was 53.4 which missed estimates for 55 and the prior report of 55. This was below the lowest estimate of 53.8. This shows Markit is restarting its […]
Bull Of The Day: Penumbra (PEN)

Bull Of The Day: Penumbra (PEN)

Penumbra (PEN – Free Report) is a $5 billion medical device company focused on interventional products for neurovascular and peripheral vascular diseases. The company leverages its expertise in catheter-based technology to develop access devices for treating strokes, aneurysms, deep vein thrombosis, pulmonary embolism, and other patient events caused by blood clots. Based in Alameda, CA, Penumbra sells its […]
Market Now Expects Fed To Keep Hiking Rates Through 2020

Market Now Expects Fed To Keep Hiking Rates Through 2020

For the last three months, traders have been positioned to expect a rate-cut in 2020 – disagreeing with The Fed’s forecast of more hikes. That changed this week as traders push their bets in eurodollar futures on a hike in 2020. The Fed (red line below) expects rate hikes to continue through the end of 2020, […]
US Dollar Remains Biased Lower Before Tomorrow’s FOMC Meeting

US Dollar Remains Biased Lower Before Tomorrow’s FOMC Meeting

The US Dollar (via the DXY Index) is trading lower following the daily hammer established yesterday, which hinted at a possible rebound. Alas, with the DXY Index falling back after another test of resistance at the late-August lows, losses are once again taking shape. It’s worth noting that the drop in the US Dollar is occurring while […]
Investors Fall Victim To An Anchoring Bias When They Fail To Quantify The Effects Of Overvaluation

Investors Fall Victim To An Anchoring Bias When They Fail To Quantify The Effects Of Overvaluation

I stirred up some controversy when I said in a May 13, 2002, post to a Motley Fool retirement planning board that it is not possible to calculate the safe withdrawal rate accurately without taking into consideration the valuation level that applies on the day the retirement begins. One of the first questions that I was asked […]
Most Active Equity Options And Strikes For Midday – Tuesday, Sept. 25

Most Active Equity Options And Strikes For Midday – Tuesday, Sept. 25

Top tickers for midday: GE, FTV, AAPL, FB, T.
Square Rises As Analyst Ups Target To Street-High $125

Square Rises As Analyst Ups Target To Street-High $125

Shares of Square (SQ) are on the rise after Nomura Instinet analyst Dan Dolev raised his price target on the stock to $125, a Street-high according to Bloomberg. Dolev believes Square should be the newest member of the FANG complex of Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google (GOOGL; GOOG), as he believes it […]
Are You Letting “Indicators” Impede Your Trading Performance?

Are You Letting “Indicators” Impede Your Trading Performance?

The markets have been expressing strong sector rotations since the spring months and post the February-March correction period. There has been little correlation in the market since the spring, which is also proving an obstacle for driving fear into the market, as measured by the VIX, despite the many geopolitical risks that have arisen. As […]