Category Archive: Finance
Typical Early Week Action
“The successful warrior is the average man, with laser-like focus.” –Bruce Lee We kicked the week off on a bit of a weak note but then support levels held well and we began to bounce back. We’ve got nice gains in all our positions so my stops are a bit loose since I’m trying to […]
EC Overbought, Oversold, And The Great Paradox In Markets
“Overbought!” “Oversold!” There’s not a day that goes by without a pundit using one of these powerful words to support an existing bias. Most interesting, some pundits use the term “overbought” to further a bullish outlook while others use it to justify a bearish outlook. The same is true with the term “oversold.” Unfortunately, there’s […]
4 Growth Stocks That Appear Promising This Earnings Season
Time flies and how. It seems as if we had just stopped discussing the fourth quarter of 2015 and now it’s almost time to gear up for the next earnings season. However, not much has changed about the financial markets, which have been quite volatile so far this year. With the first-quarter 2016 earnings season […]
SP 500 And NDX Futures Daily Charts – Rise And Shine, Perhaps Another Day
The financial class tried to whistle up an add-on rally today on ‘better than expected’ economic numbers that were rather dismal in fact. And so stocks drifted lower again today after the initial rally attempt on lackluster volumes. Earnings season is just around the corner. Let’s see if the continuing transfer of wealth from the […]
Russia Relies On Gold To Push Reserves Back Over $380 Billion
Whether you define gold as a barbarous relic, a pet rock, “tradition”, or “doomed”, Russia surely refers to it as a saving grace. As Russia’s foreign reserves dwindled to just under $350 billion in early 2015, many predicted Russia was going to burn through all of their reserves in the not too distant future as they dealt […]
Virgin Founder Richard Branson Takes Merger News With A Measure Of ‘Sadness’
Shares of Virgin America (VA) soared this morning in the wake of a merger deal with Alaska Air (ALK), but Virgin Group founder Richard Branson remarked that he views further industry consolidation and the swallowing-up of his customer-centric airline with “sadness.” MERGER: This morning, Alaska Air reached a deal to acquire Virgin America for $57.00 […]
What Can We Learn From Economically-Sensitive ETFs?
Cyclicals Have Lost Their Confident Look We can learn a lot from the chart below, which shows the performance of economically-sensitive stocks relative to the S&P 500. After the S&P 500 bottomed on February 11, cyclicals (XLY) took the lead off the low as economic confidence started to improve. Notice the steep slope of the […]
Silver Finally Escapes Its Narrow Range
The price of silver (FXCM: XAG/USD) may have ended the stalemate seen over the last few days as prices slid by 66 cents on the back of both Friday’s labor market report and the ISM Manufacturing Index result. Prices are now trading below the $15.08 support level which was keeping silver within a narrow range. The […]
Bullish List Of Setups To Start The Week
Yup, the sellers are showing early control of the market to start this week, but let’s be honest with ourselves, have they really showed any conviction to the downside? Any momentum worth mentioning? No. In fact, I wouldn’t be surprised if the bulls try to stage another rally in the last hour just to get […]
