Category Archive: Finance
SPX: Morphology 101
Below is a daily chart for the SPX which shows you a good example of a morphing rising wedge. As you can see there was a false breakout above the top rail and then an equal false breakout below the bottom rail, symmetry false breakouts, red circles. When that occurs we need to adjust the […]
Credit Manager’s Index Is Up
The NACM (National Association of Credit Managers) CMI (Credit Manager’s Index) was up +0.5pts to 55.1 in August, putting it solidly in the expansion/positive zone, with a slight upward trend, and largely mirroring the trends seen in the ISM PMIs. Basically, credit managers are saying that credit conditions are for the most part favorable at this point. One […]
Ambarella Inc. FQ2 2018 Earnings Send Shares Higher After Hours
Ambarella (AMBA) FQ2 2018 earnings were released after closing bell tonight. The company posted non-GAAP earnings of 48 cents per share on $71.6 million in sales, while Wall Street had been expecting to see adjusted earnings of 44 cents per share on $71 million in revenue. Ambarella management guided for revenue to come in between $69 million […]
Trickle-Down, With The Emphasis On “Trickle”
Since the turn of the Millennium, a torrent of corporate tax cuts has resulted in a trickle of investment growth. This morning Dean Baker objects to: the argument … that reducing corporate taxes will lead to more investment and thereby greater wage growth in the future. The data from the last seventy years show there is […]
EUR/USD – Can It Recapture 1.2000?
After 48 hours of correction, the euro ended the day on the highs once again as it recaptured the 1.1900 level. Not even jawboning by the ECB could keep the single currency down for long. Yet the strength today wasn’t really a function of euro buyers, but dollar sellers as the market went once […]
4 Solar Stocks With Strong Growth Potential
The U.S. renewable energy industry has been experiencing solid growth over the last several years. In fact, reports suggest that U.S. renewable energy capacity has grown threefold since 2008, reaching a record 141 gigawatts at the end of 2016, according to the Business Council for Sustainable Energy. Zeroing in on the solar energy space under […]
Abolish The Fed?
We’ve been led to believe that central banks – and especially the Federal Reserve System – was put in place to protect us. That’s a laugh! Central banks are partnerships created between bankers and politicians. The political side gets spendable money (created from nothing) without having to raise taxes, while bankers get commissions or interest […]
Two Measures Of Inflation And Fed Policy – Thursday, August 31
Note: The charts below have been updated with the latest Personal Consumption Expenditures price index from the Bureau of Economic Analysis. The annualized rate of change is calculated to two decimal places for more precision in the side-by-side comparison with the Consumer Price Index. The BEA’s Personal Consumption Expenditures Chain-type Price Index for July, released today, shows that […]
Is Altria Stock A Buy After The Recent Pull Back?
For decades, Philip Morris was a dividend investors dream. A stable company that would increase its dividend annually. Then tobacco lawsuits began to pop up and the company decided to split itself up for the long term health of the company. So in 2003, Altria (NYSE: MO) was born. Since the spin off, Altria stock has […]
Breadth, Bonds, Bills, & Bear Funds Signal Trouble Ahead For Stocks
The ‘resilience’ of stock markets is proclaimed as self-reflectingly positive, as they surge higher, enthusiastically embracing debt ceiling anxiety, nuclear armageddon, and biblical floods. However, below the surface all is very much not rosy… As Bloomberg reports, this is a warning for stock traders entranced by a market that remains resilient to surprises. Even though the S&P 500 is […]
