All Conundrums Matter
Since we are this week hypocritically obsessing over monetary policy, particularly the federal funds rate end of it, it’s as good a time as any to review the full history of 21st century “conundrum.” Janet Yellen’s Fed has run itself afoul of the bond market, just as Alan Greenspan’s Fed did in the middle 2000’s. But that […]
Stocks And Precious Metals Charts – The Calm Before The Storm
“In truth, however, nothing is inevitable and very little is new. And tech is no more the root of the problem than are trade or globalization. Many of our most vaunted innovations are simply methods — electronic or otherwise — of pulling off some age-old profit-maximizing maneuver by new and unregulated means.” Thomas Frank “It […]
A Hedge For Up Markets
Stocks creep higher today as the S&P 500 index is hanging onto the edge of the upper expected move for the week. Can stocks explode higher from here or will they remain within the expected move for the week? Watch tonight’s video to find out what will move the S&P tomorrow and how to hedge… […]
T And Why We Look At Both Daily And Weekly Chart
If you only look at daily charts you might be a SELLER too early. The daily chart for T is quite ugly as the slide below the 20 DMA and 50 DMA has continued. Long term oversold on daily chart. The weekly chart has T inside our long term bounce zone with 35.90 as the […]
After The Towel Is Thrown
Bill Ackman had a famously bad time with Valeant Pharmaceuticals (VRX), which crashed from $263 to the single digits. Last March, having suffered terrible losses for his fund, Ackman “threw in the towel” and dumped his position, prompting even Gartman to chime in. So did the stock instantly soar higher? No, that would be a little too […]
Lemme Know When The Russell 2000 Gaps To New Highs
Really. Not a whole lot more to add about my dog’s just expression until something dramatic happens. We both seek excitement. Surely for her, excitement comes in the form of a treat or a walk. Yet I do not underestimate her commitment to the markets. After all, she sits faithfully by my side each day […]
Tech Market Technicals Turn Net Positive
Two days of gains have helped re-establish the bullish technical picture for tech indices, Nasdaq and Nasdaq 100. While the improvement was welcomed it didn’t come without a price. The Nasdaq broke through declining resistance but also left it itself wedged beneath the former rising channel. If there is a chance for shorts, then tomorrow […]
S&P 500 Snapshot: Up 9.34% YTD
The S&P opened above this week’s previous daily opens and briefly oscillated around a narrow point until it steadied and closed the day with a small gain of 0.19%. The index is up 0.93% since last Friday and up 9.34% YTD. The U.S. Treasury puts the closing yield on the 10-year note at 2.35%. Here […]
Yellen Sings A Dovish Song With Brainard
Janet Yellen’s testimony before the House committee was what drove markets on Wednesday. The key takeaway from the testimony was that she was moderately more dovish than she was previously. This dovishness led to a rally in stocks and bonds. The S&P 500 rallied 0.73%, the Russell 2000 increased 0.80%, and the VIX fell 5.42% to […]
