US Housing Is Becoming Unaffordable
We’ve discussed the price to income ratio of housing in a previous article. This gave us an idea of how expensive housing has become. We’ll discuss some of best points why real estate is too expensive and then provide the counterpoint explaining why housing isn’t in a bubble. Housing Isn’t Affordable In a May survey of those […]
Tech – Most Important Breakout Attempt Since 2000?
This 20-year snapshot of the Nasdaq above highlights that a solid upward trend remains in place. What caught our attention is this, the Nasdaq Composite index is attempting to break out of the top of three different rising channels at the same time at (4). If it breaks one, it breaks the other two! Bulls would love […]
Fitbit Stock: Implosion Addressed
Fitbit stock is cratering. Fitbit (FIT) delivered an all-around miss and 2018 outlook that fell well below expectations, and such FitBit stock is plummeting. Revenues of $571 million landed $18 million short of consensus, while adjusted net loss per share of -$0.02 fell two cents below the Street’s estimate. Units sold did not fall as sharply […]
Another Reason For The Low VIX
Since the Great Financial Crisis, and the unprecedented expansion of the balance sheet of many central banks, many investors think that officials are responsible for various distortions that they detect in the capital markets. The compressed nature of equity market volatility is one of those distortions. However, the decline in the S&P 500 volatility (VIX) […]
Does “Dow Theory” Confirm A Strong U.S. Economy?
Have you ever heard about the Dow Jones Transportation Average (DJT)? It is more loosely termed the “Dow Jones Transports” by stock traders. The index is a running average of the stock prices of 20 transportation corporations. This Dow creation is the most widely recognized gauge of the American transportation sector. Their grouping is also the oldest […]
Consumer Confidence Hits A 17-Year High
Tuesday morning’s report on Consumer Confidence for February handily topped already positive expectations, as the headline index came in at 130.8 (versus expectations for 126.0), which was the highest level since November 2000. While Consumer Confidence had a hard time getting above its long-term average for much of the current expansion, it has now been […]
Short Boston Properties
This is an awfully pretty broken symmetric triangle, and it’s bounced right up into resistance. (Note: I did this post yesterday but didn’t publish it; suffice it to say the most prominent sector among my shorts is real estate):
Australian Dollar Rally Looks Set To Run Out Of Steam
In our previous commentary on the Australian dollar, we wrote that the ongoing bull market looks precarious despite benign global economic conditions. In particular, the currency is vulnerable thanks to high levels of household debt, limited consumer spending and the Reserve Bank of Australia’s neutral monetary policies. Following a significant sell-off in global equities and commodities […]
EUR/USD Price Analysis- Losses Likely To Be Limited, Levels To Know
EUR/USD is in retreat but price continues to hold within the monthly range. The recent sell-off is now approaching initial support targets with a move lower to ultimately offer more favorable buying opportunities. EUR/USD DAILY PRICE CHART Technical Outlook: EUR/USD has carved out a well-defined monthly opening range just above former slope resistance, now support. Price has […]
Vericel – Chart Of The Day
The Chart of the Day belongs to Vericel (VCEL). I found the biomedical stock by using Barchart to sort today’s New 52 Week High list first for the highest Weighted Alpha, then again for technical buy signals of 80% or more.Next I used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy […]
