Category Archive: Finance
Breakouts All Around: Nasdaq, Russell 2000 And S&P
The French election result was greeted as a welcome trigger for breakouts. All indices benefited from the action. Best of the action was in the Russell 2000. The Russell 2000 cleared 1,390 which marked a resistance level of the former bearish consolidation triangle. Technicals are all bullish and an intraday move which pushed below 1,390 but came […]
E It’s Happening Again: When Media Loves Investing, Investors Should Worry
Thesis: As we last saw in 2008, we now have popular TV shows devoted to Wall Street and hedge funds, as well as self-help gurus turning investment authors. All of these are ominous signs to the intelligent investor who can view these events in a historical context. Some examples of Wall Street, hedge funds, and […]
Stocks Rally As Macron And LePen Make Second Round Of French Presidential Election
Inflation Decelerates Before I get into the latest market moving headlines this week, I want to emphasize the recent movement in inflation. While I have mentioned the decelerating inflation in passing, I didn’t give it enough coverage considering the large movement the CPI had in March. As you can see from the chart below, the […]
Why Macron Is A Risky Bet For France And For Europe
About two months ago I wrote about Emmanuel Macron as a risk, rather than a saviour. Today, following his 1st round presidential victory in France, I feel even more that he represents a risk that is unappreciated. Here’s why. As I put in March, “Macron as President is a ‘bad’ outcome for stability since he has […]
Don’t Trust The Gap Up In The US Markets Today
The US markets gapped up today and the VIX made a big gap down. I am not buying into this move today. Some quick comments on the USD, gold and silver is also included in this market wrap. After looking at the silver chart I was a little surprised at my outlook considering how it […]
IHS Markit – Chart Of The Day
The Chart of the Day belongs to IHS Markit (INFO). I found the business information stock by using Barchart to sort today’s All Time High list first for the most frequent number of new highs in the last month, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy in 3/28 the stock gained […]
Oil Futures Vs. CAD Hourly… Still Tight And A Bounce May Be Near
Based on the hourly view, oil futures have moved down from the 53.76 high in a five-wave impulse pattern. We have a near-term extension target to 48.69; but we are close. So a corrective rally may be due. We have overlaid CAD/USD so you can see the continued correlation holding… oil down CAD down…
To The Asian ‘Dollar’ And Then What?
The Bretton Woods system was intentionally set up to funnel monetary convertibility through official channels. The primary characteristic of any true gold standard is that any person who wishes can change paper claims into hard money. It was as much true in any one country as between those bound by the same legal framework (property). […]
Le Pen ‘Loss’ Sparks VIX-Driven Stock-Buying-Panic But Bond Yields, Crude, & Dollar Drop
The next two weeks in France… According to the bookies, it’s a done deal… Stocks Up, Oil Down So stocks soared… Trannies best on the day but Nasdaq hit a new record high, desperately trying to tag 6,000… and legged higher in the last hour as machines misinterpreted Le Pen stepping down as […]
