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The Good, The Bad, And The Middle – Possible Macro Paths Forward

The Good, The Bad, And The Middle – Possible Macro Paths Forward

Let me share one of my favorite trading quotes with you, it’s from Market Wizard Bruce Kovner. He said (emphasis mine): One of the jobs of a good trader is to imagine alternative scenarios. I try to form many different mental pictures of what the world should be like and wait for one of them to be […]
The Kiss Of Death? (And A New Way Of Taking The Market’s Temperature)

The Kiss Of Death? (And A New Way Of Taking The Market’s Temperature)

Did we just see the proverbial kiss of death? OK, “death” might be a bit of a strong word, though “extreme frustration” wouldn’t mischaracterize what the market has been doing, and still is doing. Just when it looks like stocks might ready to make a meaningful move, something gets in the way. The kiss in […]
Sensex Trades Volatile; IT Stocks Top Losers

Sensex Trades Volatile; IT Stocks Top Losers

After opening the day in green, share markets in India witnessed choppy trading activity throughout the day and are presently trading flat with a negative bias. Sectoral indices are trading mixed with stocks in the IT sector and stocks in the realty sector trading in red. While stocks in the oil and gas sector are trading in green. The BSE Sensex is down by 30 […]
Another Fed Freak-Out

Another Fed Freak-Out

Or, should I say, mini freak-out? After all the Dow Jones Industrials and S&P 500 indices were only down 299 and 35 points respectively (a mere 1.16% and 1.27%). This certainly was not a rout and it was very predictable. This is what you would expect from the market when a newly-minted Fed Chair, Jerome Powell, made […]
Above The 40 – An S&P 500 Breakdown Helps Drag Market To Edge Of Oversold

Above The 40 – An S&P 500 Breakdown Helps Drag Market To Edge Of Oversold

AT40 = 25.4% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 43.9% of stocks are trading above their respective 200DMAsVIX = 19.9%Short-term Trading Call: neutral (caveats below!)Commentary As I feared was likely, the S&P 500 (SPY) wasted no time in breaking its 50-day moving average (DMA) support.   THE S&P 500 (SPY) slipped below […]
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                        S&P 500 Update

E S&P 500 Update

S&P 500 is turning down from 2788 swing high, which suggests a possibly completed complex correction within blue wave B. Another sign for a completed correction and more weakness is a breach below the lower channel line, which usually signals a change in trend, in minimum three waves. That said, we now think blue wave […]
TRON Sees Mild Gains On A Down Market As It’s Listed On LBANK

TRON Sees Mild Gains On A Down Market As It’s Listed On LBANK

On a day that most major cryptocurrencies in top 20 were down, TRON, which has been under criticism by the media, managed to end Wednesday with gains. Are TRON and its token, TRX making a comeback? TRON [TRX] Gets Listed on LBANK Exchange The Singapore-based, non-profit organization and its founder, Justin Sun, have been under negative […]
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                        Market Briefing For Thursday, March 1

E Market Briefing For Thursday, March 1

Neurotic swings persist without any change in Fed policy (other than wishful thinking from Bulls who wistfully would like to return to a ‘good news is bad news’ reactive market). That crowd, as I’ve noted recently, actually hopes the US economy does not respond to fiscal stimulus of any type; because they need very low […]
Chart Of The Week: China’s Thrifty, And What To Do About It

Chart Of The Week: China’s Thrifty, And What To Do About It

What makes China’s citizens so thrifty, and why does that matter for China and the rest of the world? The country’s saving rate, at 46 percent of GDP, is among the world’s highest. Households account for about half of savings, with corporations and the government making up the rest. Saving is good, right? Up to […]
Game Planning: Another Lost Decade

Game Planning: Another Lost Decade

Meb Faber Tweeted out portfolio return expectations from various market participants looking out over the next ten years. Vanguard was at the low end looking for 4.5%, the “average investor” was in the middle at 10.2% and hedge funds think they will generate 13.0%. Depending on who you read you can find expectations in the three’s as […]