Galectin Therapeutics – Chart Of The Day
The Chart of the Day belongs to Galectin Therapeutics (GALT). I found the pharmaceutical stock by using Barchart to sort today’s 52 Week New High list first for the highest Weighted Alpha, then again for technical buy signals of 80% or more. I then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled […]
Volatility Rises As Major Indices & Sectors Extend Their Gains
As can be shown on the following Year-to-date percentage gained/lost graphs, U.S. Major Indices and Sectors extended their gains into Friday’s close, except for Utilities and Consumer Staples. However, they did so on rising volatility, as shown on the following SPX:VIX Daily ratio chart. As I mentioned in my post of December 30, it will be important for price on this […]
2018 Poised To Be A Much More Interesting Year Than Many Are Expecting
Stocks continue to be on a tear while the dollar just experienced its fifth straight week of declines against a broad range of currencies, hitting a 3-year low against the euro. Make America Great Again (better known as MAGA) isn’t doing much for the greenback. The bulls are fully in charge when it comes to […]
Use This Simple Strategy To Beat The Market In 2018
“You said it was good,” my 8-year-old son said as he walked off. He had just recorded a few sentences for a casting call. He is no actor, but my wife wants to give him the opportunity and see if someone likes his unique personality. We do these recordings every now and then and submit them. I […]
Wells Reported The Worst Mortgage Number In Years
When we reported Wells Fargo’s Q3 earnings back in October, we drew readers’ attention to one specific line of business, the one we dubbed the bank’s “bread and butter“, namely mortgage lending, and which as we then reported was “the biggest alarm” because “as a result of rising rates, Wells’ residential mortgage applications and pipelines both […]
One Big, Potential Catalyst For Gold In 2018
The rebound in the precious metals sector continues. Friday, Gold pushed to another new high, near $1340/oz. Gold stocks led by the HUI Gold Bugs Index and GDX also made a new high with juniors and Silver right behind. The greatest traders say the move comes first and then the reason later. When it comes […]
4 Technology Stocks Poised To Trump On Earnings In Q4
Technology stocks had a prolific run in 2017, courtesy of the rapid adoption of cloud-based platforms, increasing demand for Artificial Intelligence (AI) tools and significant progress in developing advanced driver assisted system (ADAS) solutions. Moreover, Augmented/Virtual (AR/VR) reality devices became part of the mainstream technology market driven by significant investments from tech bigwigs — Apple, […]
S&P 500 Snapshot: Index Continues To Climb – Friday, January 12
The S&P 500 continued its climb this week, closing Friday with yet another all-time high. The index was up 0.67% from Thursday and 1.57% from last week. The U.S. Treasury puts the closing yield on the 10-year note at 2.55%. Here is a daily chart of the S&P 500. Today’s selling puts the volume 4% […]
