Category Archive: Finance
Gold: Here’s What To Look For After This Historic Run
Gold prices fell for a fourth consecutive week with the precious metal down nearly 0.3% to trade at 1081 ahead of the New York close on Friday. The decline comes alongside a sharp sell-off in equity markets with the major indices off by more than 3.5% on the week. Despite declines in the greenback, bullion has […]
When China Sneezes, The Copper Market Catches A Cold
Whatever China seems to be trying to do, it doesn’t look like it’s working. When the country released some data on the amount of new credit, the results surprised everybody. Not only did aggregate financing fall to just $75B, which was lower than the number projected by all analysts, it was also just 45% of the median […]
Dollar Bull Move Remains Intact
The US dollar turned in a mixed performance in the week after the strong jobs data boosted expectations that the Fed’s liftoff would take place next month. The Fed funds futures imply a 20.5 bp effective rate in December.At the end of October, it was 19.5 bp. In contrast, the 2-year note yield eased 3 bp over […]
EURJPY: Bear Pressure Builds Up On Price Failure
EURJPY: The cross closed on a rejection candle after a failed intra day attempts on the upside. We now look for EURJPY to decline further. This view remains valid as long as it holds and trades below the 135.71/136.33 zone. Resistance is seen at the 135.50 level where a break will turn attention to the […]
One True Measure Of Stagnation: Not In The Labor Force
This is a stark depiction of underlying stagnation: paid work is not being created as population expands. Heroic efforts are being made to cloak the stagnation of the U.S. economy. One of these is to shift the unemployed work force from the negative-sounding jobless category to the benign-sounding Not in the Labor Force (NILF) category. But re-labeling stagnation does not […]
US Services Economy “Bounce” Dies As New Orders Crash Most Since Lehman
On the heels of China’s, Japan’s, Brazil’s, and Europe’s Services PMI weakness (and US Manufacturing PMI and ISM weakness), Markit’s US Services PMI printed 55.1 (missing expectations of 55.6) and dropping to its lowest since June. This catch-down to Manufacturing weakness suggests the mid-year bounce is well and truly dead as even Markit admits, “it […]
Anavex Life Sciences – Chart Of The Day
The Chart of the Day is Anavex Life Sciences (OTCQX:AVXL). I found the biopharmaceutical stock by using Barchart to sort for the stocks with a Weighted Alpha of higher than 50.00+ and technical buy signals of 80% or better. Since the Trend Spotter signaled a buy on 10/2 the stock gained 18.75%. The Company is an emerging biopharmaceutical company […]
REIT’S (VNQ) Breaking Out?…
Real Estate Investment Trusts (REIT’s) have had a tough go of it in 2015. As the threat of higher short term rates looms overhead. I’m using the Vanguard REIT index fund (VNQ) in the chart above, which shows the prior retrace rallies have come in the vicinity of $7 off the lows. Here at $77 […]
The Courage To Act, Or Not
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW + 304 = 16,776 SPX + 35 = 1987 NAS + 73 = 4781 10 YR YLD + .07 = 2.06% OIL + .72 = 46.26 GOLD – 2.50 = 1136.90 SILV + .40 = 15.77 The Dow Industrial Average has gone from a […]
Failure To Launch
The popular belief that the U.S. economy has been steadily recovering has endured months of disappointing data without losing much of its appeal. A deep bench of excuses, ranging from the weather to the Chinese economy, has been called on to justify why the economy hasn’t built up any noticeable steam, and why the Fed […]
