Russell 2000 Turns Net Bearish Despite Intraday Recovery
The index-to-watch for Monday was the Russell 2000 and while it didn’t really excite it did suffer a net bearish turn in technicals. On the positive front, it held on to its 50-day MA for a third day in a row. There may still be enough for bulls to reverse the bearish technicals but there […]
Desperately Seeking 1995
The year 1995 wasn’t exact a good year to remember. There was the Oklahoma City bombing, the San Diego tank rampage, the New Jersey Devils winning the Stanley Cup in a lockout shortened NHL season, and some former Buffalo Bills running back named OJ getting into trouble out in LA. Steve Forbes would announce his […]
S&P De-FAANGed
Last week, a client was curious about the impact of the FAANG stocks (Facebook, Apple, Amazon, Netflix, and Alphabet, née Google). These tech high-fliers have seized the conversation in equity markets over the last few years, and rightfully so given their strong performance, huge market caps, and torrid growth. As shown in the chart below, […]
E Semi Stocks And NVDA
Friday in the midday update I touched upon a really big picture chart of the Nasdaq Comp. as shown below. What I want you to key in on is the Yellow box I added this weekend that highlights this 5th wave higher because it’s going to come into play further below. Remember, with regards to Elliott Wave Theory, bull […]
4 Best Performing Wireless Equipment Stocks In 2017
The telecommunications industry is witnessing rapid technological improvement. Unprecedented growth in high-speed mobile Internet traffic, particularly with respect to wireless data and video, has transformed this industry into the most evolving, inventive and keenly contested space. A growing economy speeds up the demand for real-time voice, data and video manifold. The escalation in demand has […]
Dow Closes Green: GE Crashes, Bitcoin Bounces, And Junk Bonds Suffer Record Outflows
Baahhhhh… Video length: 00:00:59 The day started off with the 4th down day in a row for Japanese stocks…the biggest drop since April. It was quite a day for a few key assets… GE collapsed… Chipotle crashed then ripped back… EM Debt has been pummeled… Biotechs puked… Bitcoin was battered then bounced… And then there’s […]
Bitcoin Vs Gold – Is Bitcoin Taking Investors Out Of The Gold Market
(Audio length 00:13:16) Chris Temple wraps up the markets with us today by focusing on the swings in Bitcoin over the weekend. After Bitcoin fell over $1,500 from Thursday to Sunday the news was all over the story. Chris and I discuss the possibility of Bitcoin being another bubble much like the tech bubble in […]
World Markets Update – Monday, Nov. 13
All eight indexes on our world watch list have posted gains for 2017 through November 13. The top performer thus far is Hong Kong’s Hang Seng with a gain of 32.64%, followed by India’s BSE SENSEX at 24.21%. In third is Tokyo’s Nikkei with 17.09%. The Last Four Weeks The tables below provide a concise […]
$23 Trillion Asia Wealth Creation Will Fuel Asset Management Industry Growth
Despite uncertainty regarding the country’s position in the world after Brexit, the one part of the UK economy that’s still booming is financial management. Total assets under management in the UK rocketed by 20% last year to a record £6.9 trillion ($9 trillion), according to the Investment Association annual Asset Management Survey. The bulk of this growth was a […]
