Stocks And Precious Metals Charts – Government By Organized Money
Gold and silver gave up a small amount of their recent rally today, being short-term overbought. And conversely, the dollar bounced up off its own losing streak from a short-term oversold condition. The putative reason was that the Fed minutes released at 2 PM revealed that ‘some’ would like to see interest rates increase more […]
Thoughts On Spotify And Its $1.6 Billion Lawsuit
I talk with Richard Quest on CNN’s Quest Means Business about the 1.6 billion dollar copyright lawsuit filed against Spotify. Me and Richard also talk about Spotify’s decision to list their shares instead of doing a traditional IPO. Video Length: 00:03:39
Forex Metrics And Chart Month January 2018
The Top 10 of the Ranking and Rating list for the coming month shows the following stronger currencies being well represented for going long: the GBP(5X) followed by the EUR(2X) with the CAD(2X). The weaker currencies are the JPY(4X) followed by the USD(3X). By diversifying a nice combination can be traded in the coming month like […]
Global Equities Surge To Start 2018
The US stock market has begun 2018 on a very positive note with the S&P 500-tracking SPY ETF up 1.3% YTD already. But stock markets outside of the US are doing even better so far this year. As shown in the first snapshot below, regional ETFs have moved sharply higher within their normal trading ranges. All […]
Stocks And ETFs Are Breaking Out Everywhere
Stocks and ETFs are breaking out everywhere (despite some really scary headlines about the chaos in the White House). This chart of the Biotechs looks really great, and there are tons of charts that look very similar. Tech stocks are back, and they are just starting another run into new high territory after being out-of-favor […]
Natural Gas Pulls Back As Traders Eye Tomorrow’s EIA Data And Mid-January Warmth
February natural gas prices pulled back around a percent and a half today as traders worried about warm risks in the medium and long-range weather forecasts. Still, buying into the settle helped prices close just above the $3 level. For the first time in awhile, it was the front of the natural gas strip that […]
Could Rising Oil Prices Help The Economy?
TV Sentiment For The Next 12 Months The chart below shows the financial TV sentiment for the economy, stocks, volatility, emerging markets, inflation, treasury yields, and commodities from 2013 to 2018. It’s amazing to see how this sentiment indicator had almost 100% optimism for inflation in 2017, but inflation didn’t perk up. As a result […]
Strength Or “Strength” In The Miners?
Gold moved visibly higher during the first session of the year and this time mining stocks accompanied it. In fact, it seems that they are back on the track after a short pause. What’s the likely reason behind this year’s rally and what does it imply going forward? Let’s jump right into the mining stock […]
The Government Versus The Central Bank
I’ve pointed this out before, but it bears repeating: despite the large buildup in US government debt under Obama, the Obama administration ran a pretty restrictive monetary policy. In fact, compared to the other large, developed economies, Obama actually had the most restrictive post-crisis fiscal stance. I think this makes sense if you listen to comments […]
The Bulls Return: Brent Crude Could Hit $70, Says Morgan Stanley
With Brent Crude oil driving higher on Wednesday — up nearly $1 and trading at $67.59 in early afternoon New York trading – Morgan Stanley analysts Martijn Rats and Amy Sergeant point out that European refining margins have weakened recently. This is creating a negative correlation, where refining stocks head lower as the underlying product, Brent crude, moves higher. […]
