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Short Swing-Trading Setups Under The Bull’s Radar

Short Swing-Trading Setups Under The Bull’s Radar

The bears are seriously squandering an unbelievable opportunity to squash the bulls and inject a fresh round of fear in this market.  Instead, the bulls are showing resilience at the 50-day moving average and not giving a rip about the previous three days of selling.  At this point, I wouldn’t be surprised to see October […]
Average Small Cap Stock In “Bear Market” Territory

Average Small Cap Stock In “Bear Market” Territory

Most people watching have noticed that the recent weakness in equities has been especially tough on the small-cap space, and another illustration of that trend is to look at the distance that stocks are currently trading from their 52-week highs. Within the large-cap S&P 500, the average stock is currently 13.2% below its 52-week high. Moving down […]
PPG Slides After Below-Consensus Outlook On Rising Costs, Softening Demand

PPG Slides After Below-Consensus Outlook On Rising Costs, Softening Demand

Shares of PPG (PPG) are sliding after the company guided third and fourth quarter earnings below consensus, citing higher raw material costs and softening demand. Meanwhile, its peer Axalta Coating (AXTA) is also under pressure following the announcement that CEO Terrence Hahn has resigned amid an investigation by an outside counsel into his conduct unrelated […]
The Ratio Of Part-Time Employed: September 2018

The Ratio Of Part-Time Employed: September 2018

Let’s take a close look at the latest employment report numbers on Full and Part-Time Employment. Buried near the bottom of Table A-9 of the government’s Employment Situation Summary are the numbers for Full- and Part-Time Workers, with 35-or-more hours as the arbitrary divide between the two categories. The source is the monthly Current Population Survey (CPS) […]
USD/JPY: Signs Of A Top Off Key 114.50 Resistance Level

USD/JPY: Signs Of A Top Off Key 114.50 Resistance Level

As US traders return to their desks after yesterday’s bank holiday, we’re seeing a bit of a “Turnaround Tuesday” emerge in the FX market, with the US dollar falling against all of its major rivals after showing relative strength in yesterday’s trade (see “Dollar Index Holding Above Key Area in the Mid-95.00s” for more). While the broad […]
EU Supervisors Monitoring Italian Bank Liquidity “More Intensely Than Usual”

EU Supervisors Monitoring Italian Bank Liquidity “More Intensely Than Usual”

With Italian government bond yields blowing out in recent months to the highest levels in over 4 years, the one sector that has been hit hardest have been Italy’s banks, which have lost a third of their market value in the 6 months since peaking in April. While traditionally higher yields tend to be positive […]
Tech Stocks: More Risk For Earnings Season?

Tech Stocks: More Risk For Earnings Season?

We’ve been telling readers that we’re cautious on stocks the last few weeks preferring lower exposure. Rising rates and tariff risk to earnings are key headwinds going into earnings season which starts next week. Trade War Risk About To Hit Earnings? So far the stock market has generally looked through trade war risk. That said […]
Five Charts That Show Why Gold Belongs In Your Portfolio Now

Five Charts That Show Why Gold Belongs In Your Portfolio Now

The annual “In Gold We Trust” report by Liechtenstein-based investment firm Incrementum is a must-read account of the gold market, and its just-released chartbook for the 2018 edition is no exception. The strengthening U.S. dollar has lately dented the price of gold, and rising interest rates are making some yield-bearing financial assets more attractive as a safe […]
South Sea Forecast: Stockjobbing Becomes Technology

South Sea Forecast: Stockjobbing Becomes Technology

In 1720, the South Sea Bubble arose from what seemed to be good intentions. The South Sea Company was given an exclusive monopoly on the Spanish Americas in exchange for assuming a large part of England’s debt. The debt holders received preferred shares in the South Sea Company that paid 6% interest. The business operators […]
Emerging Support?

Emerging Support?

Just to shift gears, I’ll offer something somewhat bullish (although I don’t mean it for a second). The emerging markets have been extraordinarily chart-able for 2018. That’s plain to see from the tints I have provided below. At the moment, my eye is on that yellow since, which for the third day appears to be providing support. That […]