The Passive Indexing Trap
I have been in the “money game” for a long time starting with a bank just prior to the crash of 1987. I make this point only to say that I have seen several full market cycles in my life, and my perspectives are based on experience rather than theory. In 1999, there was a media personality […]
Stock Trading Alert: New Rally Or More Medium-Term Fluctuations?
Briefly: In our opinion, speculative short positions are favored (with stop-loss at 2,410, and profit target at 2,200, S&P 500 index). Our intraday outlook is bearish, and our short-term outlook is bearish. Our medium-term outlook remains neutral, following S&P 500 index breakout above last year’s all-time high: Intraday outlook (next 24 hours): bearish Short-term outlook (next […]
Bull Pennant Breakout
Well, it’s 3 in the morning and I’m finally back in San Francisco. I am NOT looking forward to Monday. Very little sleep and a roaring market is not my cup of tea. In any case, although I’m the last guy who wants to mention this, we’ve got a bullish breakout on our hands. It’s […]
Euphoria Returns: European Stocks Soar, DAX Hits Record; S&P Futs Surge In “French Relief Rally”
Risk is definitely on this morning as European shares soar, led by French stocks and a new record high in Germany’s DAX, after a “French relief rally” in which the first round of the country’s presidential elections prompted investors to bet that establishment candidate Emmanuel Macron will win a runoff vote next month, and who […]
Dramatic Response To French Election
The results of the first round of the French election spurred a dramatic response in the capital markets. Our thesis that there is no populist-nationalist wave sweeping the world is supported by the previous results in Austria, the Netherlands, and now France. The AfD in Germany is wilting in the polls, and there too the center will hold. The populist-nationalist wave seems a […]
US Stocks Advanced Last Week — First Weekly Gain In April
The US equity market scored its first weekly advance this month, delivering the top performance in April’s third week among the major asset classes, based on a set of exchange-traded products. Vanguard Total Stock Market (VTI) increased 1.1% for the five trading days through Apr. 21, edging out the number-two performer: US real estate investment trusts via […]
EUR/USD To 1.09 While Stocks Surge 2% After French Elections
In France, Emmanuel Macron (independent) and Marine Le Pen (Far right) have come out as the two leading candidates of the first round of the presidential elections. The second round will take place on May 7th with Polls indicating that pro-Euro Macron will prevail. With the market now partially relieved that FREXIT will not happen […]
Stock Valuation: Qualcomm
The next stock valuation is about a stock I recently mentioned in my watch list. It will be about Qualcomm (QCOM) and I just want to give you more details why I am positive about buying some shares in the near future. Company Overview Qualcomm Incorporated is a semiconductor company that designs, and manufactures digital wireless […]
Market Update On FDAX Futures
Besides of the Bund observations I want to share some notes on FDAX as well. The weekly perspective is somewhat one-time framing lower and the daily seem to have found some support after the inside day on Wednesday. Maybe we will see some gap open as EUR/USD (actually, only saw it on USD/JPY and thought to […]
CAD: Canada Outperformer, CAD Underperformer: Where To Target?
Canadian figures have been encouraging, but the Canadian dollar has not really enjoyed the fruits. What’s going on? Here is the view from CIBC: Here is their view, courtesy of eFXnews: CIBC FX Strategy Research notes that the turnaround in Canada’s economy over the past six months or so has been pretty impressive, as Canadian GDP […]
