Category Archive: Finance
Gold Prices May Resume Advance On French Election Jitters
A worried tone at the open of the trading week proved fleeting as Wall Street returned online after the Easter holiday. Gold prices reversed from intraday gains as recovering sentiment weighed against Treasury bonds and bid up yields, boosting the US Dollar along the way. Not surprisingly, this undermined support for non-interest-bearing and anti-fiat assets. Tellingly, financials led US […]
Charge-Offs Increase As The Debt Bubble Comes Close To Bursting
Debt Bubble As a clarification to a previous article, I showed a chart which had an elevated level of equity financing as a percentage of U.S. M&A. It’s worth emphasizing that while equity issuances have been funding M&A at a high level, net equity issuance is the lowest since 2007. As you can see from […]
The Complex Is Not In Alignment Yet
With the break-out over the prior week’s high, we now have structures in gold and silver off the March lows which can be considered strongly impulsive. And, as I have noted many times in the past, if there is a reasonable bullish interpretation to be seen in the metals complex, I will certainly be adopting […]
United Posts Earnings Beat, CEO Apologizes Once More For Scandal
United Continental Holdings Inc. (UAL – Free Report) released its first quarter fiscal 2017 earnings results, posting diluted earnings of 41 cents per share and revenue of $8.4 billion. Currently, UAL is a Zacks Rank #3 (Hold), and is up 0.82% to $71.35 in trading shortly after its earnings report was released. Beat earnings estimates. The company posted […]
Gold’s Line In The Sand: Next Downside Target Is Around $700, Even If It Breaks Up First
Many analysts have been so excited that gold broke to new highs, above $1,262, in late February. I was excited as well, but for a different reason. I’d forecast that gold could bounce back just above the July 2016 highs of $1,373, to around $1,400 or $1,450. And ANY bounce, no matter how high it […]
Sector Strength – Monday, April 17
The SPX is almost back to the point of the break down. A break above this level tomorrow would definitely confuse things. Sector Strength What is this spreadsheet telling us? I see quite a few red and blue boxes which means that there has been sector rotation, and it looks like investors are getting defensive. […]
The Expanded Retail Sales Gap
Retail sales growth in February 2017 was going to be low by virtue of its comparison to February 2016 and the extra day in that month. The Census Bureau’s autoregressive models are supposed to normalize just these kinds of calendar irregularities so that we can make something close to apples to apples comparisons. The seasonally-adjusted […]
My Watch List For Bullish Trade Setups
My watch list to follow this week So far the bulls are actually managing to put together a bounce this week and my watch list of long setups are looking pretty nice. Granted, it is only Monday, and the volume is likely to only be about half of what has been seen on average. So […]
The Market Awaits The Opposable Thumb Signal
On April 4th I asked, “Is Wall Street the New Sesame Street?” At the time, we surmised that Elmo is a worried Nasdaq and Abby with the lower position on the seesaw, is a cautious Modern Family. With Earnings Season upon us, we may finally get the answers to the questions: Will QQQs and the FANG […]
Buying Them To Sell Them Later?
Stocks rallied and volatility came smashing back down today after all the weekend excitement turned out to be a dud. Earnings season is upon us and there will be lots of big companies reporting this week starting with NFLX. The market will be pushed around one way or the other by earnings this week. In […]
