I Will Do Anything For Love, But I Won’t Do That
In Shakespeare’s Much Ado About Nothing, Benedick begins as a man who vehemently claims he shall never marry only to become one who single-mindedly intends on marrying Beatrice. When Beatrice asks him to murder Claudio, he protests, but ultimately engages Claudio in confrontation for the sake of his love. This morning, when Facebook (FB), Amazon (AMZN), […]
Vice Index Nails Retail Forecast Again
Heads Up: Retail Spending Momentum Turns Negative (Note: The Vice Index is lagged: recent vice spending pullbacks are reflected in the chart above starting June.) Consumer Spending Slowing Down Regular readers know the Vice Index is the real way to measure the breadth of the U.S. consumer. It factors in many disposable spending habits like […]
Market Overview – Thursday, July 27
Huge breakdown for the Transports, but barely a peep out of the Industrials. It isn’t a good sign for the broad market, and coming at a time when seasonal weakness is just starting. The short-term trend has probably peaked. Something was up with the market today right from the open. The bullish percents were all […]
Market Talk – Thursday, July 27
The Nikkei managed to reverse the majority of the days trend with an eventual positive close. It was not that great (+0.15%) but a positive close none the less and as the yen played just under the 112 handle, this helped the move at the close. The FED played its part initially but as the […]
Chemical Barometer Predicted The Earnings Surge We Are Seeing
“Davidson” submits: CAB hit new high this week, the earnings surge predicted by this index 14mos ago in US Industrial Sector is being reported today. Firms such as Chart Inds are providing insight to how strong the recovery has been from the 2014-2016 Industrial Recession which occurred as a result of the strong US$. The […]
Stocks And Precious Metals Charts – Building A Dream
“Seek the Lord, all you humble of the land, who have observed his law; Seek justice, seek humility; And perhaps you will be sheltered on the day of the Lord’s justice. This was the triumphal city, high and mighty, Saying to herself, ‘I am the one, and none dare stand beside me.’ How desolate now […]
Gold Surges To 6-Week Highs As Stocks Get De-FANGed, Trannies Worst Day Since Brexit
No fundamental catalyst for today’s tech wreck (just as there wasn’t last time), but many people noted the coincidental timing of JPM’s Kolanovic note on Vol fragilities coincided with the start of the pain… Liquidity collapsed leaving many to think… Since The Fed statement, gold is the biggest winner… US equity markets suffered their worst […]
S&P 500 Snapshot: Index Up 10.57% YTD
The S&P opened near its daily high and dropped 24 bps before bouncing back a bit hours before close. The index saw a fractional daily loss of 0.10% and a YTD gain of 10.57%. The U.S. Treasury puts the closing yield on the 10-year note at 2.32%. Here is a daily chart of the S&P […]
Prepare For Increased Risk & Reward
Stocks took a violent turn intraday. One of the rumors is someone leaked that AMZN would have a big earnings miss. Regardless we have warned all week about how an earnings miss by 1 of the big 5 stocks can lead to a reversal for the entire market. In tonight’s video we show you one […]
Poor Earnings Reactions
Well, well well. We did see some heavy weakness this afternoon which didn’t last too long but it is always a warning when we see that type of move lower on heavy volume. Sometimes it’s a warning shot across the bow, other times it hits, so time will tell, likely Friday will be that time. […]
