Category Archive: Finance
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 […]
3 Boring Stocks That Are Great Buys In April
Following a weak start to the year, markets have posted strong returns last month. Gains have come on the back of two major factors, a decline in rate hike fears and resurgence in oil prices. Stocks gained again on the first trading day of the month, raising hopes of better times ahead. However, concerns continue […]
Spike Targets Being Filled – Money In The Bank!
Over the weekend I shared two Spike Trade setups with ETFs: SPY and GDX. Today April 4th we have seen them both get filled. The SPY spike filled about 80% of the way and the rule we follow with these trade setups is that if 80% of a spike target is reached we aggressively take […]
Myth Busting: Stock Buybacks Aren’t Propping Up The Stock Market
There has been a good deal of concern about stock buybacks in recent years ranging from concerns that buybacks are a poor allocation of resources to the idea that buybacks are propping up the stock market. Today we’ll investigate the idea that stock buybacks are the primary source of elevated stock prices. A recent piece […]
