The Market Is Setting Up For A Run At The January Highs
Based on the chart below, it looks like the market is setting up for a run at the January highs. There is still plenty to worry about, but the issues have flushed out the excessive bullishness. The market feels so strong today, and maybe I getting swept up in the enthusiasm. But with the Nasdaq […]
SPY Is Still About 3.5% Beneath Its Lifetime Highs
It was nine very, very long years ago that we reached an important milestone in the history of the market: the fabled “666” bottom of the S&P 500. It had seemed a month ago that the jig was up, but nope, the market just keeps shoving higher. The favorite issues seem to be those with price/earnings ratios in the […]
Indicators Pointing To Continued Growth
“Davidson” submits: The employment reports have again positively surprised forecasters. The Household Survey rose by 785,000. Light Weight Vehicle sales continue to hold at appropriate levels for continued economic expansion. During the early stages of economic recovery, vehicle sales are one of the first indications a new uptrend has begun. Employment follows. Later vehicle sales […]
People Are Going Backwards Here – The Jobs Report
Audio Length: 00:12:15 Gold is down on the week, and so is Bitcoin. But the big news this morning is the US jobs report, which shows—on the surface—strong growth. But Eric Sprott says, once again, things aren’t as rosy as they seem. “By far, the majority of the jobs are part-time. Who knows what part-time […]
The Amazing Amount Of Gold The U.S. Exported Since 2000
The U.S. exported a stunning amount of gold since the turn of the century. As the price of gold surged along with the massive increase in U.S. debt, gold exports jumped to record highs. In 2012 alone, the United States exported nearly 700 metric tons of gold. The total amount of U.S. net gold exports […]
Netflix Rises On Report Obamas May Produce Series Of Shows
Shares of Netflix (NFLX) are rising following a report that said the company is in “advanced negotiations” with former U.S. President Barack Obama and Michelle Obama to produce a series of shows. POTENTIAL OBAMA DEAL: Former U.S. President Barack Obama and his wife Michelle Obama are nearing a deal with Netflix to produce a series […]
Corn Exports Jumps On South American Crop Changes, But Beans Don’t
Market Analysis The USDA continued its recent trend of unexpected changes on their monthly reports. This time it was a dramatic jump in US corn demand of 225 million bu. after the Ag Department upped corn’s demand by 125 million last month. This year’s La Nina induced drought in Argentina has prompted the USDA to […]
Cheap Gold Stocks Basing
The small contrarian gold-mining sector remains deeply out of favor, universally ignored. Thus the gold stocks are largely drifting listlessly, totally devoid of excitement. But that’s the best time to buy low, when few others care. The gold stocks continue to form strong technical bases, paving the way for massive mean-reversion uplegs. And they remain […]
Stock Markets For Friday, March 9
Today, I perform a technical analysis of the charts using candlestick charting. Indicators used are the relative strength indicator as well as the stochastic. A review of stocks, ETFs and stock market indexes. Video Length: 00:18:18
My Favorite Option Strategy For ETF Directional Trend Moves
As a CBOE Market Maker, I bought and sold millions of dollars of options during the Internet Bubble era. I made quite a bit of profits from the time premium decay in options I sold. So I learned NOT to buy a lot of time premium when I buy Calls and Puts on ETFs. My […]
