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Market Talk – Thursday, January 11

Market Talk – Thursday, January 11

Currency tended to have more of an effect today in Asian trading, well certainly for Japan anyway! The Yen played between low and higher end of 111, edging lower into the close of the session as earnings failed to match expectation. Late in the US trading day, the Yen was flirting with a 110 handle […]
Cryptomania Continues, But It Won’t Last Long

Cryptomania Continues, But It Won’t Last Long

In December, less than one month ago, I wrote that the wild and crazy rush into cryptocurrency stocks would end. Well, the craziness hasn’t stopped yet — and I didn’t expect it to. But the latest cryptocraziness is even more mind-blowing, and more likely a desperate move than the previous ones. Eastman Kodak Co. (NYSE: […]
Steel Stocks In Major Bull Market As They Break Through Secular Resistance

Steel Stocks In Major Bull Market As They Break Through Secular Resistance

Steel stocks are in an amazing shape. Since they bottomed in January 2016 the steel stocks ETF SLX is up 3-fold. An index rising 3-fold in just 2 years is exceptional. What strikes us on this chart is the fact that SLX ETF broke through a major resistance level at 44 points. Note on the […]
Stocks And Precious Metals Charts – The Power Elite And The Deep State

Stocks And Precious Metals Charts – The Power Elite And The Deep State

Stocks were on a roll higher today, with the major indices setting new all time highs. No one can really see what will derail this new ‘super bull’ market, as they say on financial TV. I can think of about a dozen things off the top of my head, but all of them are relatively […]
Best Present Positions

Best Present Positions

Context is important when trading, and in this new-lifetime-highs-every-day market of ours, it’s interesting to take note of which shorts (for example) have managed to survive the best. In that spirit, here are my “lucky seven” best profit-makers as of now on the short side. Each symbol is linked to its own SlopeChart, for your slopecharting […]
The Baton Is Passed To Banks And The Russell 2000

The Baton Is Passed To Banks And The Russell 2000

Video length: 00:08:40 Stocks take off to new all time highs led by banks and the small cap stocks. The message in tonight’s video newsletter update is don’t fight the trend. Don’t be the bear standing on train tracks thinking the train will stop because you’re standing on its way! Watch tonight’s video to find […]
6 Stocks To Buy As Rate Hike Stokes Inflation Fears

6 Stocks To Buy As Rate Hike Stokes Inflation Fears

Major benchmarks closed in the red on Wednesday with the S&P 500 snapping its six day stretch of gains. Such losses came about even as the yield for the benchmark 10-year U.S. Treasury Note moved higher. A section of market watchers attributed these losses to profit taking, but others believe that they were a fallout […]
The Philly Fed ADS Business Conditions Index Update – Thursday, Jan. 11

The Philly Fed ADS Business Conditions Index Update – Thursday, Jan. 11

Note: We’ve updated our periodic look at the Philly Fed ADS Index today’s release, which includes jobless claims through January 6. The Philly Fed’s Aruoba-Diebold-Scotti Business Conditions Index (hereafter the ADS index) is a fascinating but relatively little known real-time indicator of business conditions for the U.S. economy, not just the Third Federal Reserve District, […]
Some Thoughts On The Walmart Minimum Pay Increase

Some Thoughts On The Walmart Minimum Pay Increase

One of the top news items today was an announcement by Walmart that it plan to raise the minimum pay for some employees to $11 an hour. US President Donald Trump is already touting this move on Twitter as “a result of our TAX CUTS & JOBS ACT!”. I think this is genuinely good news for […]