Category Archive: Finance
Natural Gas Goes Nowhere
Prompt month natural gas prices had their smallest trading range today since September 22nd, as through the settle the November contract traded within just a 4.4 cent range. Prices still sit between the 30-DMA at $2.96 and overhead resistance around $3.02. Again today we saw the least selling near the front of the strip, where […]
Semiconductor ETFs Touch New Highs Ahead Of Q3 Earnings
Semiconductor stocks have been on a tear this year on improved overseas demand and innovative technologies. New areas such as autonomous cars, cloud computing, gaming, wearables, VR headsets, drones, virtual reality devices, Internet of Things (IoT) and artificial intelligence are fueling growth in the sector, offsetting struggling traditional businesses like PCs and smartphones. In particular, iShares […]
Agriculture Markets Report – Tuesday, October 24
(Video length 00:09:58) A review of the day’s trading in the agriculture markets.
2017 – The Year Without Corrections – Echoes Of 1995
How rare is a year without corrections of more than 3%? 1995 was the last period of incredibly persistent optimism without a hiccup in price to afford a paltry decline beyond 3%. Most consider a pullback of 5 to 10% to be modest and a normal expectation at least once a year. A 3% drop […]
Comparison Of Systemic Risk In China, US, Eurozone: Systemic Risk Is Everywhere
China leads the world in economic growth but that growth is 100% debt-driven. China’s recent $10 trillion in growth comes from $10 trillion in additional debt. In total, China has $26 trillion in debt. Debt is a huge systemic risk, but it’s not just China. The instability of China’s credit-fueled, investment-focused growth strategy is—without a […]
Silver Miners Going Sideways, Not Bullish Nor Bearish
Silver miners have finally chosen a direction. After we noticed several false breakouts followed by false breakdowns, especially around summer time, silver miners are now going sideways. Readers will remember how we said that silver miners were confusing both bulls and bears. This is how the silver mining stocks evolved this summer: It’s Official: Silver […]
General Stock Market Commentary – Rates
The Short-Term Trend The short-term uptrend refuses to top out despite the signs of short-term stress such as this chart below of the VIX which is pointing higher. The Nasdaq bullish percent has rolled over, although the NYSE bullish percent is still ticking up. Stock prices remain in an uptrend, but momentum looks […]
The Dow Hasn’t Done This Since 2008
Thanks to MMM and CAT (150 of The Dow’s 170 points today)… The Dow is massively outperforming today… And even more so on the year… In fact, this is the great Dow outperformance over the S&P since 2008… and that did not end well… VIX ended the day higher closing above 11 for the first […]
Kotlikoff: America In Worse Financial Shape Than Russia Or China
America’s 2017 fiscal gap will come in near $6 trillion, nine times higher than the $666 billion deficit announced by the US Department of the Treasury week, says Laurence Kotlikoff, an economics professor at Boston University. “Our country is broke,” says Kotlikoff, who estimates total US government debts at more than $200 trillion, when unfunded liabilities are […]
Advanced Micro Devices, Inc. Q3 2017 Earnings Beat
AMD Q3 2017 earnings were released after closing bell tonight, and the company posted adjusted earnings of 10 cents per share on $1.64 billion in revenue. Analysts had been expecting earnings of 8 cents per share on $1.5 billion in revenue. In last year’s third quarter, the chip maker reported earnings of 3 cents per share on an […]
