Stocks And Precious Metals Charts – One Day In Texas
“Beware the Jabberwock, my son! The jaws that bite, the claws that catch! Beware the Jubjub bird, and shun The frumious Bandersnatch!” Lewis Carroll “A shudder in the loins engenders there The broken wall, the burning roof and tower And Agamemnon dead. Being so caught up, So mastered by the brute blood of the air, […]
Secular Trends In Residential Building Permits And Housing Starts – Thursday, July 20
On Friday, we reported separately on the latest residential building permits and housing starts in the government’s monthly report, courtesy of the Census Bureau and the Department of Housing and Urban Development. Despite the fact that both are monthly SAAR series (seasonally adjusted annualized rate), they are exceptionally volatile and subject to extensive revisions. Thus it is unwise to […]
Market Overview – Thursday, July 20
The short-term up-trend has been very strong, but now we on watch for signs that the momentum is starting to stall out. The Transports have turned lower, the leaders seem extended, and now the focus is switching to the defensive sectors Health Care and Utilities. Health Care breaking out. Utilities turning higher. Transports turning lower. […]
Pear Trading
The nature of the market reminds me of this pear tree. Each day for some time now, one to a few pears or sectors/indexes have stood out riper than the others. Beneath the pears ready for picking, is the low hanging fruit. On the ground are pears that fell prematurely. Or perhaps they fell because […]
Short The Rally Tomorrow?
Stocks end the day flat. We have been watching the weekly expected move for a long time now and fading the SPY when it hits those targets. We are once again hitting the upper end of the expected move in the SPY. Watch tonight’s video to find out about a low risk trading opportunity for […]
This One Change Could Turbocharge France’s Economy
If there’s one thing that defines modern-day France, it’s stringent labor laws that make it hard to lay workers off. A “job for life” might be exaggerating, but such laws — “once hired, hard to fire” — have been a key feature of the social compact that’s largely defined France and much of the rest […]
The Thick Of Earnings
“Tell me and I forget. Teach me and I remember. Involve me and I learn.” – Benjamin Franklin No summer doldrums as we move well through earnings. We’re seeing some super, super moves and more look to be ready to go. I do love to take more time off during summer but that is always […]
Microsoft Corporation Q4 2017 Earnings: Shares Rise On Strong Results
The Microsoft Q4 2017 earnings were released after closing bell tonight. For its fourth fiscal quarter, the technology firm reported non-GAAP earnings of 98 cents per share on $23.3 billion in GAAP revenue or $24.7 billion in non-GAAP revenue, compared to the consensus estimates of 71 cents per share and $24.3 billion in revenue. In last year’s […]
S&P 500 Snapshot: Index Continues To Climb
The S&P opened near its daily high and oscillated around a 9 point range, closing in the middle, just below yesterday’s all-time high. The index saw a fractional daily loss of 0.02% and a YTD gain of 10.48%. The U.S. Treasury puts the closing yield on the 10-year note at 2.27%. Here is a daily […]
