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“It’s A Bloodbath Out There Across Almost Every Strategy”

“It’s A Bloodbath Out There Across Almost Every Strategy”

With most markets tumbling in the past month as the high-flying growth and tech names have been painfully grounded as today’s action in Amazon and Google vividly demonstrates, the past month has been especially painful for momentum traders, with the drop from the September highs now worse than that observed during the market’s February VIXtermination […]
Recent Stock Purchase II October 2018

Recent Stock Purchase II October 2018

Are you enjoying October yet? Markets rocket higher only to drop the next day. The Dow swinging by hundreds of points seemingly on a whim without any justification. The talking heads speak of all the market troubles on down days and are surprisingly positive and jubilant on up days. What gives? Personally, with what’s going […]
Business Investment Growth Falls Sharply

Business Investment Growth Falls Sharply

Business Investment Growth – Beige Book The Fed’s Beige Book gives us great insight into why stocks have been volatile in October. The Fed used the word “tariff(s)” 51 times which is up from 41 in its previous report, making it the high of the year. It’s worth noting the use of the word “trade” […]
Yield Curve Flattening Again: 10-Year Yield Down 15 Basis Points Since October 5

Yield Curve Flattening Again: 10-Year Yield Down 15 Basis Points Since October 5

Inflation worriers and treasury bears take note: Bond yields are falling again. The economy is not as strong as it looks. The headline GDP was 3.5% but the headline number looks much stronger than it really is. A huge inventory adjustment contributing 2.07 percentage points to the headline number. Government spending was also on the […]
Chip ETFs To Rally As Intel Posts Solid Q3 Results, Ups View

Chip ETFs To Rally As Intel Posts Solid Q3 Results, Ups View

Intel (INTC – Free Report) , the world’s largest chipmaker, reported stronger-than-expected Q3 results after market close yesterday. The company surpassed estimates for both revenues and earnings and provided a bullish forecast. This was a silver lining for the downtrodden semiconductor space, which has been hit by a series of disappointing earnings reports and guidance from other […]
Strong GDP Growth, Weak Fundamentals

Strong GDP Growth, Weak Fundamentals

The Bureau of Economic Analysis announced today that U.S. real GDP grew at a 3.5% annual rate in the third quarter. That’s the second quarter in a row that the number has come in above the 3.1% average for the U.S. economy over the last 70 years and is well above the 2.2% average rate since the […]
The Bull Is Dying

The Bull Is Dying

Bulls are not killed off easily, They are strong, fierce and have real staying power. And this is what should be expected at a top of a secular bull market. Injured or weakened, the bull will still go on which is the case with many stock markets. Whilst some markets have peaked globally, others show […]
New Cryptocurrencies To Watch In 2019: NEO, EOS & Stellar

New Cryptocurrencies To Watch In 2019: NEO, EOS & Stellar

Up and coming cryptocurrencies NEO, EOS and Stellar may be the new kids on the block, but they are already causing a stir in the market. In this article, we look at all three in more depth to understand just how much of a threat they pose to leading cryptos, Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) and why they […]
Dow Theory Secondary Lows Forming

Dow Theory Secondary Lows Forming

On Wednesday, both the Dow Jones Industrial Average (DJIA) and the Dow Jones Transportation Average (DJTA) closed low enough that they are in the process of forming new secondary lows. A secondary low is a dip in a long-term bull market that retraces between 33% and 66% of the previous rally. They last from about […]
Most Active Equity Options And Strikes For Midday – Friday, Oct. 26

Most Active Equity Options And Strikes For Midday – Friday, Oct. 26

Data Courtesy of Trade Alert