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Oil And General Electric Join The Roll-Over Parade

Oil And General Electric Join The Roll-Over Parade

First developing countries blew up. Then real estate topped and started to roll over. Now oil has entered what CNBC just called its “longest losing streak in three decades.” The oil rout just became a bear market for U.S. crude In a volatile turnabout, the U.S. crude benchmark fell into a bear market Thursday just five weeks after hitting […]
USD/JPY Bullish Sequence Fizzles As U. Of Michigan Fails To Impress

USD/JPY Bullish Sequence Fizzles As U. Of Michigan Fails To Impress

The recent rally in USD/JPY appears to be sputtering ahead of the 2018-high (114.55) as the U. of Michigan Confidence survey does little to boost the economic outlook, and recent price action raises the risk for a larger pullback as the exchange rate fails to extend the series of higher highs & lows from earlier […]
USD/CAD Bulls In Control As Oil Rout Continues

USD/CAD Bulls In Control As Oil Rout Continues

The number of the day (and indeed the last two weeks) is 10. As in, the price of a barrel of WTI crude oil is declining for the 10th straight day, the longest streak since 1984. As my colleague Fawad Razaqzada noted earlier this week, the combination of slower growth in demand for oil and rising supply has created […]
Beware The ‘Tightening Tantrum’ And Fear The ‘Lights-Out’ Trade

Beware The ‘Tightening Tantrum’ And Fear The ‘Lights-Out’ Trade

Before you get too swept up in the prospects for a squeeze higher in equities into year-end, don’t forget that the confluence of bullish technicals which have variously conspired to ignite a powerful rally of the late October lows are playing out against a backdrop of tightening financial conditions. That’s the message from Nomura’s Charlie […]
Retail ETF (FTXD) Hits New 52-Week High

Retail ETF (FTXD) Hits New 52-Week High

For investors seeking momentum, First Trust Nasdaq Retail ETF (FTXD – Free Report) is probably on radar. The fund just hit a 52-week high, and is up roughly 27.3% from its 52-week low price of $19.48/share. But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on […]
Most Active Equity Options And Strikes For Midday – Friday, Nov. 9

Most Active Equity Options And Strikes For Midday – Friday, Nov. 9

Data Courtesy of Trade Alert 
How Are Chinese Stocks Responding To Tariffs With The US And A Slowdown In Asian Growth?

How Are Chinese Stocks Responding To Tariffs With The US And A Slowdown In Asian Growth?

During 2018 Chinese financial markets have been on the move. 10yr bond yields rose from all-time lows throughout 2017 but have since declined: – Source: Trading Economics, PRC Ministry of Finance Despite this easing of monetary conditions the negative impact US tariffs, continues to weigh on the Chinese stock market: – Source: Trading Economics, OTC, […]
This Week In Cryptocurrency – Friday, Nov. 9

This Week In Cryptocurrency – Friday, Nov. 9

Onwards and Upwards The cryptocurrency market started to show some movement this week. And, even better, that movement was upwards. Starting the week with a $206B market cap, the crypto industry steadily rose to a weekly high of around $220B before falling slightly to its current value of $212B. Still, a nearly 3% gain for the week. […]
How “Free Money” Helped Create Sizzling Housing & REIT Gains In Recent Years

How “Free Money” Helped Create Sizzling Housing & REIT Gains In Recent Years

Housing prices and the associated REIT returns have worked very differently in the United States since the recession of 2001. The increasing financialization of the real estate markets by Wall Street, and the aggressive and unconventional interventions by the Federal Reserve over that time have combined in a multiplicative fashion to produce new and volatile […]
As Average A Year As You Can Get For Gas Prices

As Average A Year As You Can Get For Gas Prices

With oil prices crashing over 20% from their recent highs, one welcome effect of the decline is less pain at the pump. According to AAA, the national average price of a gallon of gas is currently $2.72 per gallon which is down 6.5% from just one month ago. The table below lists the average price and […]