Category Archive: Finance
Semiconductors At Resistance But Ready To Break
There wasn’t a whole lot to work with Tuesday. The only index showing potential was the Semiconductor Index; it managed to clear congestion from the last four days as it tagged resistance. While the resistance tag may be viewed as a shorting opportunity the move looks like one to drive a break of the triangle. […]
July 2018 Headline Construction Spending Up
The headlines say construction improved month-over-month but was on the lower end of expectations. Analyst Opinion of Construction Spending The rolling averages improved – but because of backward revision, it is lower than the year-over-year level published last month. Also, note that inflation is grabbing hold, but it moderated this month somewhat. The employment gains […]
Market Talk – Tuesday, September 4
For much of the day, Asia was trading flat to a touch weaker. However, the core recovered into the close with renewed confidence that the US and China would soon settle Trade uncertainties. Of course, these were only domestic rumors, but the news proved optimistic enough for an afternoon rally. Both Shanghai and the Hang […]
Stocks And Precious Metals Charts – A Generation Of Casual Hatreds And Cruelty – Tipping Points
Gold and silver inventories and trading positions are becoming increasingly interesting. In the first chart below I show CFTC data that shows gold and silver short positions in the futures to be at record highs. And in the inventory reports, physical gold marked as available for delivery, in both Hong Kong and New York, is […]
Tesla Stock Tumbles To Three-Month Lows As Bonds Crater
One month ago, in the aftermath of the infamous Elon Musk “going private” announcement, we suggested that when all is said and done, Tesla would be the one stock that is hit with class action suits by both shorts and longs. TSLA will be that one stock that sees class actions suits by both shorts […]
Best August For US Stocks In 4 Years: 5 Top Leveraged ETFs
The month of August was strong for the U.S. stock market with the Dow Jones and the S&P 500 notching their best performances for the month since 2014, climbing 2.1% and 3%, respectively. Notably, the S&P 500 topped a new milestone of 2,900. The Nasdaq Composite also logged its best August since 2000, with gains […]
Gold And Silver Are Acting Like It’s 2008. They May Be Right
2008 has special significance for gold bugs, both because of the money they lost in August of year and the money they made in the half-decade that followed. Today’s world is beginning to feel eerily similar. Let’s start with a little background. The mid-2000s economy boomed in part because artificially low-interest rates had ignited a […]
August 2018 Manufacturing Survey Growth Trends Down
The ISM Manufacturing survey improved but continued in expansion. The key internals are in expansion. The Markit PMI manufacturing Index is in positive territory but declined. Analyst Opinion of the ISM Manufacturing Survey Based on these surveys and the district Federal Reserve Surveys, one would expect the Fed’s Industrial Production index growth rate remain about […]
