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Nuclear Maintenance Season Has Arrived

Nuclear Maintenance Season Has Arrived

As we move through March, we continue to see market attention turn away from weather and more towards other supply/demand balance factors as heating demand fades away. That was not totally the case today, with prices pulling back on warmer overnight forecasts today.  Our Morning Update alerted of rather significant overnight GWDD losses.  And before […]
Nasdaq Threatening ‘Bull Trap’

Nasdaq Threatening ‘Bull Trap’

A second day of selling brought the indices back towards support. The index looking most vulnerable with the potential to ‘bull trap’ is the Nasdaq. I’m not sure enough damage has been done to confirm this but another day’s selling would probably be enough.   The S&P flashed a ‘sell’ trigger in On-Balance-Volume which left […]
Slow Cycle Rally All Played Out?

Slow Cycle Rally All Played Out?

It’s 819 days since the start of the Fed tightening cycle. Why would I know that so precisely? Because I just finished creating a chart of the stock market performance before and after the first fed tightening. Indexing the stock market performance around certain events like the first Fed hike is not novel. Tons of […]
Invuity Announces Proposed Public Offering Of Common Stock

Invuity Announces Proposed Public Offering Of Common Stock

SAN FRANCISCO, March 14, 2018 (GLOBE NEWSWIRE) — Invuity, Inc. (Nasdaq:IVTY) (“Invuity” or the “Company”), a leading medical technology company focused on minimal access surgery, today announced that it intends to offer and sell, subject to market and other conditions, shares of its common stock in an underwritten public offering. Invuity expects to grant the […]
What Next For Qualcomm After Trump Blocks Takeover?

What Next For Qualcomm After Trump Blocks Takeover?

“The proposed takeover of Qualcomm (QCOM – Free Report) by the Purchaser (Broadcom – (AVGO – Free Report) is prohibited, and any substantially equivalent merger, acquisition, or takeover, whether effected directly or indirectly, is also prohibited,” the presidential order read. The order was purportedly based on the national security findings of the Committee on Foreign Investment in the United […]
Q4 Household Net Worth: The “Real” Story

Q4 Household Net Worth: The “Real” Story

Note: With yesterday’s release of the Federal Reserve’s Z.1. Financial Accounts of the United States for Q4 2017, we have updated this commentary to incorporate the latest data. Let’s take a long-term view of household net worth from the latest Z.1 release. A quick glance at the complete data series shows a distinct bubble in net […]
Eye Opening Index, Volatility, Charts And Predictions

Eye Opening Index, Volatility, Charts And Predictions

Volatility setting up like 2014/2015, get ready for some interesting range rotation and price swings. Our recent research shows that the current US markets are setting up for what could become a very interesting price range rotation as well as increased volatility. Let us take a look at the 2014 price activity first.You may not be […]
Despondency In Silver-Land

Despondency In Silver-Land

Speculators Throw the Towel Over the past several years we have seen a few amazing moves in futures positioning in a number of commodities, such as e.g. in crude oil, where the by far largest speculative long positions in history have been amassed. Over the past year it was silver’s turn. In April 2017, large […]
Worries Creeping Into Treasuries And US Markets

Worries Creeping Into Treasuries And US Markets

Chris Temple, Editor of The National Investor shares his thoughts on the treasury and US equity markets. The call of yields peaking this year that Chris made a couple weeks ago could have come sooner than even he expected. The 10 year is closing in on 2.8%, which a break lower could pick up steam. […]