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Oil Prices Risk Larger Rebound As RSI Recovers From Oversold Territory

Oil Prices Risk Larger Rebound As RSI Recovers From Oversold Territory

OIL TALKING POINTS Crude appears to be catching a bid as the United States restores sanctions on Iran, and recent price action raises the risk for a larger rebound as the Relative Strength Index (RSI) appears to be bouncing back from oversold territory. OIL PRICES RISK LARGER REBOUND AS RSI RECOVERS FROM OVERSOLD TERRITORY In […]
Euro And Yen Outlook

Euro And Yen Outlook

Broadly speaking, the risk is that the dollar’s cyclical advance is not complete. The drivers will likely remain in place through at least the middle of next year. Additional gradual interest rate hikes by the Federal Reserve and a favorable policy mix underpin the dollar. The Federal Reserve projects four rate hikes between now and the […]
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                        S&P 500 Stopping For A Correction

E S&P 500 Stopping For A Correction

S&P500 is reversing higher in a very strong and impulsive manner from the lows, so it appears that wave 4 can be deeper and more complex as we see current rise still as wave A) that belongs to a three-wave recovery so more upside should be coming after wave B) pullback.  Short-term support is at […]
Market Remains Overvalued – Monday, Nov. 5

Market Remains Overvalued – Monday, Nov. 5

To facilitate comparisons, we’ve adjusted the two P/E ratios and Q Ratio to their arithmetic means and the inflation-adjusted S&P Composite to its exponential regression. Thus the percentages on the vertical axis show the over/undervaluation as a percent above mean value, which we’re using as a surrogate for fair value. Based on the latest S&P […]
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                        A Trading Week Headlined By Midterm Elections: Volatility Anybody?

E A Trading Week Headlined By Midterm Elections: Volatility Anybody?

Before I get right to the heart of the matter, as we look forward to the coming week that promises to be an eventful one as it includes midterm elections, let’s take a look back at the latest auto sales. For all the fears and consternation thrown about in the media and by analysts and economists […]
GE – “Bringing Investment Mistakes To Life”

GE – “Bringing Investment Mistakes To Life”

Last week, General Electric (GE) did something that many never thought would happen. They slashed their dividend to just $0.01 per share. We are talking about GE. A company which has been bringing “good things to life” for well over 100-years. There is an important lesson to be learned here by investors who have long bought into […]
Top Analysts: 7 ‘Strong Buys’ You Should Turn To Now

Top Analysts: 7 ‘Strong Buys’ You Should Turn To Now

Which 7 stocks have top analysts buzzing right now? Market choppiness means some intriguing buying opportunities are now at hand. Indeed, Wells Fargo’s head of equity strategy, Chris Harvey, has just told CNBC that the recent sell-off has unlocked value and created a “great opportunity.” “People act as if this was a spectator sport, not a […]
Sanctions Day

Sanctions Day

The Iranian sanctions are now in place, but it appears that waivers granted raise questions to whether the sanctions will have any major impact on oil supply. While the Iranian economy is already tanking, the inability of the U.S. to find alternative supplies for buyers of Iranian crude has forced the U.S. to allow the […]
Treasury To Sell Record Debt This Week With Yields On Verge Of Breakout

Treasury To Sell Record Debt This Week With Yields On Verge Of Breakout

As previewed on Halloween, when we broke down the Treasury’s latest quarterly refunding, the US Treasury is set for a record round of Treasury note and bond auctions, selling a whopping $83 billion, up from $78 billion three months ago, and surpassing the prior all time refunding total set by Tim Geithner back in 2009. The […]
Muted Start To Busy Week

Muted Start To Busy Week

After a wild week to close out October and kick-off November, US equity futures are trading pretty much flat to kick off the week. Even more surprising about the lack of movement in either direction is that overnight we heard a major speech from Chinese President Xi at the China International Import Expo in Shanghai, tomorrow is […]