Low Volatility Points To Dow 57,000 In 4 Years
You’re probably tired of reading about low volatility. The CBOE Volatility Index, or VIX, has been near record lows for months. VIX is also known as the Fear Index. It rises when prices fall. Low VIX readings mean there’s a low level of fear. In other words, analysts are afraid there’s not enough fear. Fear is […]
Swing Trading Strategy Report – Thursday, Oct. 26
My Swing Trading Approach If today’s bounce holds, I will look to add 2-3 new positions to the portfolio. Indicators VIX – Only higher by 0.6%. Nasty intraday sell-off that went from over 13, back down to 11.23. T2108 (% of stocks trading below their 40-day moving average): Dropped 9% to 57% – this is a big […]
NOT The Only Thing To Fear
In the darkest days of the Great Depression, Franklin Roosevelt’s first inaugural address exhorted the country to look unflinchingly toward recovery by saying “the only thing we have to fear is fear itself.” We’re now in a very different place than 1933. Our stock market is exuberant. Fear, as measured by the well-known CBOE Volatility […]
ConocoPhillips (COP) Beats On Q3 Earnings & Revenues
Houston, TX-based ConocoPhillips (COP – Free Report) is one of the largest exploration and production players in the world, based on proved reserves and production. Currently, ConocoPhillips has a Zacks Rank #2 (Buy) but that could change following its third-quarter 2017 report which has just released. We have highlighted some of the key details from the just-released quarterly announcement […]
Q3 GDP In Question As Inventories Stumble In September
While excuses will fly- “it was the storms” – which apparently did not interfere with massive beats in housing data, the wholesale and retail inventory data stumbled hard in September. The prints were considerably worse than expected and throw more shade on Q3 GDP growth expectations. Retail Inventories tumbled 1% MoM in September – the biggest drop […]
ECB To Cut Its Asset Purchasing In Half In 2018
ECB decided to act by cutting QE to 30 billion per month from 60 billion per month from January 2018. Though this action should be considered a bullish move, the ECB also announced that they will be extending it till at least September 2018 with room to extend it further has woken up the bears. […]
EUR/USD – For Currency Bulls Or Bears?
Although the euro increased against the greenback yesterday, important resistances continue to keep gains in check. But will they withstand the buying pressure in the coming week? EUR/USD Although EUR/USD increased yesterday, the major resistances (the orange resistance zone, the neck line of the head and shoulders formation and the purple declining line) continue to […]
Comcast (CMCSA) Tops Q3 Earnings, Misses Revenues
Comcast Corp.(CMCSA – Free Report) is the largest cable MSO (multi service operator) in the U.S. and a leading media and entertainment company.Comcast provides basic video, digital video, high-speed broadband (Internet) and telephony services to individuals and business enterprises. In addition the company provides filmed entertainment, cable networks, broadcast TV services and operates theme parks. Comcast’s decision […]
Jobless Claims Still Below Pre-Hurricane Levels
Jobless claims rose by 10K this week but still managed to come in slightly below consensus expectations (233K vs 235K). Claims have now been below 300K for 138 straight weeks, which is the longest such streak since the early 1970s. If Hurricanes Harvey, Irma, and Maria weren’t able to push claims above 300K, it’s hard […]
America’s Stagflation
The accumulation of monetary policy errors by the Fed is increasingly certain to culminate in the credit crisis that always marks the end of the credit cycle. Credit crises are the result of globally coordinated monetary policies nowadays, so the timing of the forthcoming crunch is not only dependant on the Fed’s actions, but is […]
