Category Archive: Finance
The S&P 500 In Week 2 Of March 2017
The S&P 500 in Week 2 of March 2017 ended just ever-so-slightly below where it opened the week. After generally trending downward on the week, the S&P 500 recovered much of what the index had lost on Friday, 10 March 2017. Our alternative futures chart updates the trajectory that the S&P 500’s closing prices took in the […]
E Daily Markets Forecast Outlook – Monday, Mar 13
Monday Market Commentary – March 13, 2017 Stocks Sell Near-Term – Update: Friday showed a light uptick but the near-term trend remains down. There could be a bit more upward grind or consolidation this week possibly, but the market internals have greatly deteriorated showing the very possibility that any cash sitting on the sidelines is already […]
EUR/USD Bullish Momentum Reaches 1.0750 Resistance Zone
EUR/USD 4 hour The EUR/USD broke above the resistance trend line (dotted red) of the consolidation zone (red/green) and has reached the 61.8% Fibonacci retracement level of wave 2 (purple). Any of the Fibonacci levels could be a resistance spot but a break above the 100% level invalidates the wave 1-2 structure. 1 hour The […]
Daily Trading Opportunities – Monday, March 13
With an almost empty calendar on Monday, it’s difficult to imagine that there will be a lot of headlines moving the markets. Because of this, we look to the charts for technical indications. USD/JPY The US dollar has broken above the psychologically important 115 level, and as a result looks like the call buyers will […]
Recession Calls…Still Wrong
“Davidson” submits: Vehicle Sales were released last week at 17.47mil SAAR(Seasonally Adjusted Annual Rate). Employment reports released today were higher than the average forecast. The Household Survey Employment reported 152,528,000, 447,000 than last month’s report. It is the trend which is important when analyzing this data. This report implies we have exited the industrial recession […]
Market Advance May Have Stalled On Concerns Around Timing Of Tax Reform
For the first few trading days in March, the equity market seems to be consolidating the gains achieved in February. Sideways or small market pullbacks have been a common pattern for the market since the election. For the most part the market has corrected over time (sideways movement) versus a steep contraction during the post […]
Crude Dips Below $48.00 First Time Since November 29: CPI Where To From Here?
Pass through price pressures due to rising oil are rapidly abating. A trio of charts on a daily, weekly, and monthly basis provide a good picture. Crude Daily Chart Crude Weekly Chart Crude Monthly Chart Inflation Hawks Worried Crude closed at $39.44 for the week ending March 12, 2016. Even with the steep decline in […]
Why Did Silver Fall
The question on the lips of everyone who plans to exchange his metal for dollars—widely thought to be money—is why did silver go down? The price of silver in dollar terms dropped from about 18 bucks to about 17, or about 5 percent. The facile answer is manipulation. With no need of evidence—indeed with no evidence—one […]
Feeling Like Shorting SNAP?
If nothing else, this will win the Fewest Number Of Bars in a Chart award for the entire history of this blog. I honestly didn’t think I’d be shorting SNAP, but frankly I think the mania over it is so completely misguided that I couldn’t help myself. I have a reed-thin analysis for this tiny chart, which is […]
Munger: Buffett’s Wingman & The Art Of Stock Picking
Simon had Garfunkel, Batman had Robin, Hall had Oates, Dr. Evil had Mini Me, Sonny had Cher, and Malone had Stockton. In the investing world, Buffett has Munger. Charlie Munger is one of the most successful and famous wingmen of all-time – evidenced by Berkshire Hathaway Corporation’s (BRK-A, BRK-B) outperformance of the S&P 500 index by […]
