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European Stocks Rise With Partial Recovery Of Sterling

European Stocks Rise With Partial Recovery Of Sterling

European stock markets rebounded from yesterday’s losses on Friday, expecting further developments regarding the London-Brussels Brexit project. The pound returned to the Green Zone after falling on Thursday amid resignations in the British government over the controversial deal.  At a news conference yesterday, Mai confirmed that she plans to “see” the deal and rejected the possibility […]
Why Natural Gas Prices Are Breaking Out

Why Natural Gas Prices Are Breaking Out

In August I warned of a disconnect between natural gas prices and supply risks. Prices have risen nearly 60% since, and may yet go higher. Major disconnects between prices and fundamentals don’t last forever. And when these disconnects revert back to the fundamentals, prices can move quickly and investors can make a lot of money. […]
Global Auto Industry Collapse Continues As October EU Data Shows No Relief

Global Auto Industry Collapse Continues As October EU Data Shows No Relief

The outlook for the global automobile market has been increasingly dire lately, especially after a third quarter that saw sales drop in many major markets across the globe, including China. Now, the latest data from Europe suggests that the difficulties may be nowhere close to over despite optimistic fourth quarter guidance by companies like Volkswagen and Daimler […]
Retail Sales Marked By Revisions

Retail Sales Marked By Revisions

Retail sales rebounded 0.8% in October 2018 from September 2018, but it’s the downward revisions to the prior months that are cause for attention. The estimates for particularly September were moved sharply lower. Total retail sales two months ago had been figured last month at $485.8 billion (unadjusted) originally, but are now believed to have […]
Opinion: U.S. Oil Companies Did It To Themselves… Again

Opinion: U.S. Oil Companies Did It To Themselves… Again

The past month and a half have been miserable ones for oil prices, and by extension, miserable for owns of energy stocks. Crude prices have fallen from a peak near $77 to a low near $56 per barrel – a 27% setback – marking not only a bear market for the commodity but the biggest/fastest […]
In A Booming Economy, You Borrow And Build

In A Booming Economy, You Borrow And Build

We often forget the middle 2000’s was not uniquely a housing bubble. It commanded our attention because that’s what ended up affecting so many Americans personally; whether foreclosures or just the negative “wealth effect” of declining real estate values. This was also pretty easy to understand, an asset bubble though complicated in its full manifestations […]
Sector Watch: Key Support Levels Getting Tested

Sector Watch: Key Support Levels Getting Tested

Sectors overall in rough shape, but promising charts emerge.   Today the market made a dramatic turnaround off of its lows of the day. It was a much-needed boost for the market which had yet to produce a green day even once in the previous five trading sessions. However, I’m concerned that it could be nothing […]
Bullish Piercing Patterns On Accumulation: Investor Buy

Bullish Piercing Patterns On Accumulation: Investor Buy

The developing (major) swing low got a big boost with another sizable wide range, bullish piercing pattern – similar to the bullish reversal candlestick from October 31st. Again, cautious investors who have been buying the extremes should still be active, particularly in the Russell 2000. Yes, new lows are possible, but nobody can predict the […]
The Market’s Brown Earth Dog Meets The Skeletal Bull

The Market’s Brown Earth Dog Meets The Skeletal Bull

What does that mean? The symbol for the Chinese New Year 2018-2019, is the Brown Earth Dog. More importantly, Chinese astrologers point out that this past October, the element changed from fire to water. With that, astrologers predict a bear market until fire returns in 2025. On October 4th, the market reached new highs and […]
Stocks And Precious Metals Charts – Snow Day

Stocks And Precious Metals Charts – Snow Day

Stocks dipped down close to key support, and then managed to bolt back up and higher after the European close. British politics were roiling the markets and especially the ‘cable trade’ in the pound-dollar cross, as a series of resignations has called Prime Minister May’s government into question. Gold and silver drifted slightly higher along […]