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V As In IrreleVant

V As In IrreleVant

Well, for our latest Total Waste Of Time, may I present to you the past twenty-four hours:   A lot of trade war excitement and then…….a total reversal. In a rational world, the only explanation for the above would be that yesterday evening China and the U.S. announced they were reducing all tariffs on all products […]
Best Performing S&P 500 Stocks QTD

Best Performing S&P 500 Stocks QTD

With under two weeks left to go in the quarter, Q2 2018 is shaping up to be a good one for US equities. Of the 500 stocks in the S&P 500, their average gain so far this quarter is 5.7% with over three-quarters of the index in the black. So much for the weak breadth argument! […]
US Markets Continue To Shake Off Tariffs And International Worries

US Markets Continue To Shake Off Tariffs And International Worries

(Audio length 00:09:48) With all the US markets up around 1% on a day when the tariff picture is escalating is another example of how these markets continue to be looked at the safest place to put money. We all know that will not last forever. Chris Temple and I chat about the overall strength […]
A Historic Divergence In Stock Market Breadth

A Historic Divergence In Stock Market Breadth

A month ago I noted here that the Nasdaq had triggered another cluster of Hindenburg Omens. Over the past couple of weeks it has triggered another cluster but what is even more notable is the streak at the NYSE. Over the past ten days, this exchange has triggered an omen every day. Such a streak has not happened […]
Musk Under DoJ Fraud Investigation

Musk Under DoJ Fraud Investigation

Elon Musk and Tesla are under fraud investigation by the Department of Justice for misleading statements. If you had any bit of common sense, you knew this was bound to happen: Tesla, Musk Face Criminal Probe Over Go-Private Statements. Federal prosecutors opened a fraud investigation after Musk tweeted last month that he was contemplating taking Tesla […]
Play Oracle’s Q1 Earnings Beat With These 3 Tech Funds

Play Oracle’s Q1 Earnings Beat With These 3 Tech Funds

Oracle Corporation (ORCL – Free Report) posted favorable earnings results in its fiscal first quarter. Although the software company posted a marginal revenue miss, on the earnings side, it’s been two years since Oracle missed estimates. Oracle’s encouraging earnings results had a positive impact on the tech sector and boosted investors’ sentiment. Following the promising development, investing […]
EUR/USD: Busted Bearish Head-And-Shoulders Becomes Bullish Head-And-Shoulders?

EUR/USD: Busted Bearish Head-And-Shoulders Becomes Bullish Head-And-Shoulders?

Last week, we highlighted the bearish head-and-shoulders pattern forming on the US Dollar Index (see “Dollar Index Head-and-Shoulders Pattern in Play After Weak Inflation Data” for more). With the euro making up nearly 60% of the dollar index, it’s not surprising that a similar, inverted head-and-shoulders pattern is forming on EUR/USD, as we’ll see below. That said, the […]
Latest Support Failure In Bonds

Latest Support Failure In Bonds

My bond obsession continues, and with good reason. We’ve just had our latest breach. And remember, next week is a big FOMC announcement, so that should shake things up. The important fact is that we’re now beneath a support level that has been in place for months.   The failure of this range (tinted below) […]
Best Buy’s 5.5% 2021 Bonds Slide Amid Rate Rise And Other Downside Risks

Best Buy’s 5.5% 2021 Bonds Slide Amid Rate Rise And Other Downside Risks

By Steven Levine Richfield, Minnesota-based Best Buy’s (NYSE:BBY) bonds have been losing value, amid a recent rise in U.S. interest rates, intensified competition, as well as sector headwinds, tariffs, and reports of customer dissatisfaction. Although traditional brick-and-mortar electronics retailers such as BBY generally face an uphill battle against e-commerce companies such as Amazon (Nasdaq:AMZN), it appears […]