Watch List Stocks: TMHC, SCSS, FLEX
My watch list stocks to trade Bulls finally found some relief. If you think that the bears have control of this market you are wrong. They never even had it in the first place. Put it this way, if the bulls rally more than 13 points on SPX, the market will be back in the […]
Gold-Silver Divergence
Gold and silver went up the dollar went down, +$33 and +$0.53 -64mg gold and -.05g silver. The prices of the metals in dollar terms are readily available, and the price of the dollar in terms of honest money can be easily calculated. The point of this Report is to look into the market to understand the fundamentals […]
Hippity Hoppity
Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW + 183 = 20,636 SPX + 20 = 2349 NAS + 51 = 5856 RUT + 15 = 1361 10 Y + .02 = 2.25% OIL – .43 = 52.75 GOLD – 3.80 = 1285.00 The S&P 500 is coming off a three-day losing […]
Three Easy Steps To Beat The “Wall Street Casino”
“You’ll never make that money back!” the pitchman breathlessly exclaimed. The guy on the radio was selling annuities and warning investors not to put their money in the risky “Wall Street casino.” He tried to scare listeners by telling them that if the market crashed, like it did in 1987, or if we have another […]
Nikkei Closes Lower On Geopolitical Tension
On Friday, the Nikkei closed lower amid geopolitical tension across the globe. There wasn’t just one, but two incidents that came about. The Nikkei also dropped as the yen surged higher. Data from the U.S. sparked some hope that global growth is still doing well. The Nikkei dropped 0.49% to 18,335.63. Geopolitical Problems There were […]
Where Does The World’s Biggest Oil Importer Get Its Crude
China is the world’s largest net importer of crude oil, and in recent years, China’s crude oil imports have increasingly come from countries outside the Organization of the Petroleum Exporting Countries (OPEC). As the EIA reports in a recent blog post, while OPEC countries still made up most (57%) of China’s 7.6 million barrels per day […]
Buy Climax
SPX Monitoring purposes; Long SPX on 4/12/17 at 2344.93. Monitoring purposes Gold: Long GDX on 4/13/17 at 24.54. Long Term Trend monitor purposes: Neutral. Last Thursday, the TRIN closed at 2.29 and the Ticks closed at -315 and that combination suggests a bottom will form the same days as the reading to as late as […]
Gold Prices May Resume Advance On French Election Jitters
A worried tone at the open of the trading week proved fleeting as Wall Street returned online after the Easter holiday. Gold prices reversed from intraday gains as recovering sentiment weighed against Treasury bonds and bid up yields, boosting the US Dollar along the way. Not surprisingly, this undermined support for non-interest-bearing and anti-fiat assets. Tellingly, financials led US […]
Charge-Offs Increase As The Debt Bubble Comes Close To Bursting
Debt Bubble As a clarification to a previous article, I showed a chart which had an elevated level of equity financing as a percentage of U.S. M&A. It’s worth emphasizing that while equity issuances have been funding M&A at a high level, net equity issuance is the lowest since 2007. As you can see from […]
The Complex Is Not In Alignment Yet
With the break-out over the prior week’s high, we now have structures in gold and silver off the March lows which can be considered strongly impulsive. And, as I have noted many times in the past, if there is a reasonable bullish interpretation to be seen in the metals complex, I will certainly be adopting […]
