Saudi Aramco To Expand Presence In U.S.
The Motiva refinery is the leading contender to purchase the Lyondell Basell Industries refinery in Houston. Motiva is the largest refinery in the U.S. and was, until recently, co-owned by Saudi Aramco and Shell. By April 2017, Motiva will be fully controlled by Saudi interests as will any properties it acquires. Bidding for a Refinery in Houston The […]
USD/JPY Another Higher Low Is Printed Out
The USD/JPY aka “ninja” has been printing out higher highs and higher lows on intra-day charts. If 101.75 holds we might see another push towards 102.70 and 103.05 as we can see a T89 on H4 chart. POC comes withing 102.05-102.18 (trend line/steep trend line, L3, X-Cross ™,historical buyers). Although I am not a fan […]
E Small Cap Best And Worst – September 15, 2016
The strongest small cap sector is financials. The best small cap industry is specialized semi. The average small cap score this week is 51.79. For perspective, the average small cap score over the past four weeks is 54.14. The average small cap stock in our universe is trading -26.16% below its 52 week high, 3.19% […]
The ‘Nightmare Scenario’ Eurodollar: Even When Things Go Right They Go Wrong
In many ways it is surprising the bond sell-off hasn’t been bigger. After all, the recovery narrative of the unemployment rate has had almost everything going for it since February, at least in terms of perceptions playing into expectations. There was the usual spring rebound in economic data that aided in the “worst is past” […]
Silver: Price Action Contraction Points To Explosive Move, Again
On Monday silver prices broke below the fairly important support level we had penciled in at 19.20, and we said this old support is now new resistance. So far, it has proven to be a difficult hurdle for the metal to climb back over, reinforcing its legitimacy as resistance. Silver sits in a zone of support in […]
The Stock Whisper Of The Day: SPY, AMD, AEG
Hot stocks of the day: SPY, AMD, AEG. Video Length: 00:03:25
Today’s Trading Plan: At Critical Support
Technical Outlook: S&P 500 (SPX) for a third straight day, tested the 2120 support level and held it. There hasn’t been a strong, sustained bounce off of this price level though to suggest the market is done with the current sell-off. On the SPDRs S&P 500 (SPY) volume has decreased for a second straight day – volume readings remain well […]
Technological Progress In A Below Full Employment Economy
by Philip Pilkington I recently came across a rather interesting argument that the famous Post-Keynesian economist Abba Lerner made in relation to his well-known doctrine of Functional Finance. Basically Lerner said that labour-saving technological innovation in a below full employment economy was not particularly socially useful. Follow up: In a 2003 paper entitled Functional Finance and Unemployment: […]
Weekly Unemployment Claims: Up 1K From Last Week, Better Than Forecast
Written by Jill Mislinski Here is the opening statement from the Department of Labor: In the week ending September 10, the advance figure for seasonally adjusted initial claims was 260,000, an increase of 1,000 from the previous week’s unrevised level of 259,000. The 4-week moving average was 260,750, a decrease of 500 from the previous week’s […]
Future Market Returns = Dividend Yield + Earnings Growth +/- Change In P/E Ratio
Vangaurd’s John Bogle has a simple formula for estimating future stock market returns which he has been using for 25 years and it’s worked the whole 25 years almost perfectly: Future Market Returns = Dividend Yield + Earnings Growth +/- Change in P/E Ratio. He says this formula currently gives him an estimate of stock market […]
