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HeadlineCharts Saturday, October 26, 2024

HeadlineCharts Saturday, October 26, 2024

General Stock Market CommentaryThe short-term downtrend started on Tuesday with a clean break of this medium-term uptrend line.  The PMO index clearly shows most stocks shifting to a short-term momentum downtrend.  The bullish percents of the major exchanges showed stocks shifting to short-term technical sell signals. However, this chart indicates that the bullish percents have declined only […]
Interest Rates Close At Highs Of The Week

Interest Rates Close At Highs Of The Week

  More By This Author:Yen Bears Target 160 Next Crude Oil Futures Breaks 80 Again! Stocks Ended Week In Good Shape
Germany, Japan And Telengana

Germany, Japan And Telengana

Mancur Olson once argued that Germany and Japan grew rapidly after WWII largely because a great deal of bureaucratic deadwood was removed by the war—allowing these defeated nations to rebuild with a more streamlined and efficient economic system.   A David Brooks column discusses this theory: In 1982, the economist Mancur Olson set out to explain a paradox. […]
The Surprising Reason It Might Be OK To Give In To Greed And Fear

The Surprising Reason It Might Be OK To Give In To Greed And Fear

Image Source: AndreyPopov – iStockPhotoBy Michael Edesess Sticking to your asset allocation, no matter what, might not be the best strategy. One of the most fundamental precepts of money management is to recommend an asset allocation based on an investor’s risk tolerance and then to stick to it, rebalancing regularly to ensure that the allocation […]
Economic Data Forecasts For The Weeks Of Oct. 28 And Nov. 4

Economic Data Forecasts For The Weeks Of Oct. 28 And Nov. 4

Here are my forecasts for upcoming economic data.         Forecast Prior       Observation   Week of October 28       October 28       Dallas Fed Manufacturing Index -9.0 -9.0           October  29       International Trade in Goods – September (a) -94.1 […]
Gold Price Climbed As Traders Sought Safety Due To Geopolitical Woes

Gold Price Climbed As Traders Sought Safety Due To Geopolitical Woes

Image Source: Unsplash Gold remained elevated amid renewed Middle East hostilities. US election uncertainty added to gold’s appeal, as polls showed a tight race between Trump and Harris in key swing states. Rising US Treasury yields and a rebounding dollar capped gains, with the DXY up 0.29%, limiting further upside for the yellow metal. The price of gold remained firm ahead of […]
Mag 7 Earnings: Meta & Apple In Focus

Mag 7 Earnings: Meta & Apple In Focus

Image: BigstockEarnings season has picked up notable steam over the last week, with a nice variety of companies delivering quarterly results. The Q3 cycle looks to be positive, underpinned by another robust showing from technology.And next week, we have several Magnificent 7 members on the reporting docket, a list that includes but is not limited […]
Smitten With Novo Nordisk

Smitten With Novo Nordisk

Image Source: UnsplashSorry to go on and on about Novo Nordisk (NVO), but this bearish position is by far my favorite right now.More By This Author:Reddit Gets LegsTesla Trend BreakFlameout
Enerflex: An International Energy Infrastructure Play That’s On The Right Track

Enerflex: An International Energy Infrastructure Play That’s On The Right Track

Image Source: UnsplashEnerflex Ltd. (EFXT) was up more than 45% year-to-date recently. But there is a lot going on beyond the movement in the share price. With its financial situation headed in the right direction, this stock is a buy, advises Philip MacKellar, editor of Contra the Heard.In the second quarter, sales rose from $579 million to $614 million, and the […]
Lowe’s Companies Inc: Is It A Buy?

Lowe’s Companies Inc: Is It A Buy?

Image Source: PixabayAs part of an ongoing series, we will take a closer look at one of the stocks from our stock screeners and briefly review why it’s a ‘buy’ based on key fundamentals. One of the cheapest stocks on our screens is Lowe’s Companies Inc. Lowe’s Companies Inc. (LOW) Lowe’s is the second-largest home improvement retailer in the world, operating more […]