EC HH The Lowdown On Long-Short ETFs
EMAIL INBOX: Dave – read your article today.What is your take on the long-short ETF space at this point in the market?Products like DYLS and DYB are looking more appealing in my opinion.Interested to hear your take. The long/short ETF category is one that many investors may not even know exists. These strategies have typically been […]
Barclays Upgrades Costco After Protection From Amazon Shown In Survey
The shares of Costco (COST) are rising slightly after Barclays upgraded the stock to Overweight from Equal Weight. After reviewing the results of its consumer survey, the firm says that Costco is “very protected from” the Amazon (AMZN) threat impacting so many others in brick-and-mortar retailing. SURVEY RESULTS AND ANALYSIS: Barclays’ survey of 600 consumers […]
Existing Home Sales Best Since February 2007: Good As It Gets?
Existing home sales beat expectations with a climb to 5.71 million units, seasonally adjusted annualized (SAAR). Econoday calls this an acceleration, is that what’s happening? Highlights The resale market, after a period of steady sales, is now accelerating to new expansion highs. Existing home sales rose a very sharp 4.4 percent to a higher-than-expected annualized rate of 5.710 […]
WTIC: Get Ready To Trade The Departure From $50.00 Per Barrel
Written by Corey Rosenbloom Crude oil (StockCharts:$WTIC) has plunged toward the $50.00 per barrel level, collapsing from negative divergences into resistance. This was our forecast play for Oil – a bearish swing “down away from” the $54.00 level for members. Let’s see how it developed, study the pattern, and plan the next swing: Here’s a quote from […]
French Elections Preview And Gold
The first round of presidential elections in France is held on Sunday. What can we expect from that event and how can it affect the gold market? In the recent edition of the Market Overview, we wrote that centrist Emmanuel Macron and nationalistic Marine Le Pen were expected to move on the next round. However, the […]
E Market Briefing For Friday, April 21
The ‘cat leaped like a tiger’ over the 50-Day Moving Average, and held it with a lot of help from a stronger Dollar, firmer Oil despite ongoing Contango in Brent and certainly the ongoing policies to improve forward US growth. There are many issues; political, fundamental, technical and even statistical, that pervade presently. Not to […]
Waiting For A Direction – Friday, April 21
Over the past week, my core market health indicators bounced around, but had no significant changes. With most of the indicators compressing near the zero line, it appears that the market is waiting for a direction. One thing of note, is that my measures of market quality are very close to going negative. I suspect […]
Our State-Corporate Plantation Economy
We’ve been persuaded that the state-cartel Plantation Economy is “capitalist,” but it isn’t. It’s a rentier skimming machine. I have often discussed the manner in which the U.S. economy is a Plantation Economy, meaning it has a built-in financial hierarchy with corporations at the top dominating a vast populace of debt-serfs/ wage slaves with little […]
Brick & Mortar Retail Struggles Attributable To Growth In E-Commerce
Today another retailer announced it will be closing up shop, Bebe Stores, Inc. (BEBE), making it the 15th retailer to go under this year. By the end of May BEBE plans to liquidate its approximately 180 stores. This nearly matches the 18 retail bankruptcies for all of 2016. Source: S&P Global: Market Intelligence With the consumer accounting […]
Jimmy Carter And The Energy Crisis That Never Happened
Forty years ago tonight, President Jimmy Carter delivered his Address to the Nation on National Energy Policy, better known as the “Moral Equivalent of War” speech. Seated behind his ornate desk in the Oval Office and wearing a sober pinstriped suit, he offered a litany of dark predictions: “The oil and natural gas we rely on for […]
