Gold & Silver- Potential Monster Bullish Pattern Says Joe Friday
Below looks at the ratio of Silver to Gold over the past 30-years. Metals bulls historically receive a bullish message when this ratio is moving higher. Back in 2011, the ratio hit highs that took place in the early 1980’s and its been downhill for Gold and Silver ever since. Could the long-term trend in […]
Consumer Price Index: December Headline At 2.1%
The Bureau of Labor Statistics released the December Consumer Price Index data this morning. The year-over-year non-seasonally adjusted Headline CPI came in at 2.11%, down from 2.20% the previous month. Year-over-year Core CPI (ex Food and Energy) came in at 1.78%, up from the previous month’s 1.71%. Here is the introduction from the BLS summary, […]
Coffee Percolating For 2018 Rally
Coffee is a market that spends 80% of its time moving sideways or lower. Thus looking for Bull moves higher entails some risk.Brazilian currency appreciation, La Nina and extreme oversold hedge positions by Money Managers and Large Spec traders all have potential to support a meaningful rally in 2018 above the 130’s to 140’s consensus. When Oil collapsed […]
Semi Canary Still Chirping, But He’s Gonna Croak In 2018
Since January 2013 we have been using the worldwide Semiconductor Equipment industry as a leader within the Semiconductor sector, which is an economic cyclical leader itself. That month we noted a positive move in Equipment bookings, which became a (3 month) trend that spring. This trend was used to project positive economic signals to come. […]
DXY Index Eyes 2017 Low As EUR/USD Hits Three-Year High
Video Length: 00:06:59 Amid news that German Chancellor Angela Merkel would finally be able to cobble together a coalition government, the EUR/USD has found itself shaking off whatever political risk that it’s carried since the September elections. EUR/USD break above 1.2100 today signals not only a fresh high for 2018, but its highest exchange rate […]
Sienna Senior Living Takes Good Care
Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success. This week’s slot in the Safari portfolio is reserved for the […]
Weekend Reading: What You Do Matters Most
Confidence is soaring…everywhere. Last weekend we showed multiple charts of surging investor confidence all at, or near, record levels. But while investors are indeed confident about the markets over the coming year, business and manufacturing surveys (sentiment) have also surged to near record levels. The National Federation Of Independent Businesses (NFIB) just released their December survey which […]
Bailout Bank Monte Dei Paschi Sub Deal Three Times Over-Subscribed As Euro Hits 3-Year High
On Thursday, Banca Monte dei Paschi di Siena’s subordinated debt offering received orders for more than three times the 750 million-euro debentures it was offering on Thursday. Meanwhile, on Friday, the euro climbed to a three-year high on the back of a German government Grand Coalition deal. These events highlight the confidence European investors have as 2018 […]
Momentum Continues To Dominate Factor ETF Performances
The US stock jumped to another record high yesterday, providing more fuel to keep the momentum factor sizzling. All the major factor strategies are posting solid one-year returns these days, but momentum’s trend remains a bullish outlier, based on a set of proxy ETFs. The outsized return for the momentum-factor strategy, which targets equities that […]
EUR/USD, GBP/USD Key Bullish Break Above Bull Flag Patterns
EUR/USD 4 hour The EUR/USD made a bullish bounce at the Fibonacci levels of wave 4 vs 3 (blue) and then broke above the resistance trend line (dotted orange) plus previous top (dotted reds). The bullish break confirms the wave 4-5 pattern that has been mentioned here this week and could indicate a potential continuation […]
