Category Archive: Finance
Cantel Medical Corp. – Chart Of The Day
The Chart of the Day belongs to Cantel Medical (NYSE:CMN). I found the medical infection prevention stock by using Barchart to sort today’s All Time High list first for the highest number of new highs in the last month, then again for technical buy signals of 80% or more. Next I used the Flipchart feature to review the charts. Cantel Medical […]
The Nerve
Kuroda, Draghi, and Yellen sure have a lot of nerve. How dare these blinkered bureaucrats cause someone like me anxiety and stress? What business is it of theirs to threaten a normally-operating market and trouble a sweet soul like myself? I might as well be scared of a DMV clerk. This morning was Exhibit A. Here I was, positioned […]
An Outside Day…
Markets flew around all over the place today. Precious metals down in pre, stocks up. Stocks down post-Draghi, PM’s up. I remain positioned for balance in the miners (reestablishing some hedging at the end of the day) and in stocks. Cash is the best balancer and I have a lot of that, but insofar as […]
Working Off Overbought & Setting Up For Higher Prices
“What’s the point of being alive if you don’t at least try to do something remarkable.” –Anonymous Today was very choppy seeing the S&P gap nicely only to fade and fall nicely, only to recover and end the day near flat. The action is great for basing and working off the very oversold conditions we […]
Oil Market Commentary – March 10, 2016
We look to be basing right now for a higher move in the oil market into summer. We are headed for another higher week for oil prices, and the uptrend continues. Video Length: 00:11:00
THLCredit Reports Fourth Quarter 2015 Financial Results And Declares A Dividend Of $0.34 Per Share
BOSTON, March 10, 2016 (GLOBE NEWSWIRE) — THL Credit, Inc. (NASDAQ:TCRD) (“THL Credit”), a direct lender to lower middle market companies, today announced financial results for its fourth fiscal quarter ended Dec. 31, 2015.Additionally, THL Credit announced that its Board of Directors has declared a first fiscal quarter 2016 dividend of $0.34 per share payable […]
S&P 500 Snapshot: A Couple Of Headfakes Before A Flat Finish
Yesterday we highlighted a tightening pattern in the trading range over the past few sessions, and posed the question: Will tomorrow see a breakout or breakdown? The early trade suggested a breakout, thanks (it initially seemed) to ECB President Draghi’s latest stimulus move. The S&P 500 surged to its 0.80% intraday high shortly after the […]
Market Talk – March 10th, 2016
The surprise rate cut by the New Zealand Central Bank earlier this morning spooked a few markets especially ahead of the ECB later in the day. The Nikkei liked the news which resulted in a +1.3% rally but that has been reversed after the wests reaction to the ECB this evening. In late US trading […]
SP 500 And NDX Futures Daily Charts – Wide-Ranging And Wobbly
The markets seem to be trading with the same kind of edginess as if they were playing Russian roulette. Have a pleasant evening.
Valuations Hover Just Below Normal Range
We now calculate that 36.86% of the stocks we can assign a valuation are overvalued and 11.05% of those stocks are overvalued by 20% or more. These numbers have recovered a bit along with the market rally since the earlier “unpleasantness” of 2016. We are now showing stocks that have recovered in value, are less […]
