Horrific Loonie Short Disappears As Bears Frantically Covered Into Rate Hike
Earlier this week, as the loonie was in the midst of its post-rate-hike rally, former trader Kevin Muir decided it was time to say “sold to you” to all the newly-minted CAD bulls. Essentially, Kevin was laughing. Why? Simple: because specs had gotten burned badly. After going the most net short CAD on record in […]
Gold Looks Bullish, Dow Looks To Go Down
GOLD bullish price action – DOW contracting triangle. DOW JONES INDUSTRIALS 30 min 4 Hours Daily My Bias: market topping process ongoingWave Structure: Impulsive 5 wave structure, possibly topping in an all time high.Long term wave count: Topping in wave (5)Important risk events: USD: Empire State Manufacturing Index. The Dow pushed higher on Friday as expected in last night’s analysis. The market […]
AgroFresh Solutions – Chart Of The Day
The Chart of the Day belongs to AgroFresh Solutions (AGFS). I found the specialty chemical stock by using Barchart to sort the Russell 3000 Index stocks first for the highest Weighted Alpha, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 6/19 the stock gained 10.46%. AgroFresh Solutions, Inc. is engaged in […]
Central Bank Of The World
If, by chance, you’re not familiar with my work, I focus on the Federal Reserve System. That’s the formal name for the central bank of the United States, most often referred to simply as “the Fed.” Those who are familiar with my work might even say it’s a bit of an obsession for me, and […]
Industrial Drag
Completing a busy day of US economic data, Industrial Production was, like retail sales and inflation data, highly disappointing. Prior months were revised slightly lower, leaving IP year-over-year up just 2% in June 2017 (estimates for May were initially 2.2%). Revisions included, the annual growth rate has been stuck around 2% now for three months […]
5 Broker-Favorite Stocks Your Portfolio Must Have
As the second-quarter reporting cycle gets underway, investors would look to add stocks that have the potential to surpass earnings expectations in the quarter. This is because an earnings beat generally leads to stock price appreciation. Investors, after all, are driven by the sole objective of generating handsome returns from their portfolio. None of them […]
EUR/USD To Break 1.15
With Janet Yellen’s testimony behind us, the next big focus for the forex market will be the European Central Bank’s monetary policy meeting. After rising to a 1 year high of 1.1490, EUR/USD struggled to extend its gains above 1.15. Investors worry that Mario Draghi will disappoint in the same way as Janet Yellen. […]
The Fed’s New Plan Could Kill The Market As Soon As September
As far as the markets go, they’ve had an incredible run since 2009. That’s because the Federal Reserve bought more than $4 trillion worth of bonds and securities in the open market to flatten interest rates and buoy said markets. But going forward, starting in September, the Fed’s stopping its monthly purchases of billions of […]
Health Costs Are Rising Because Of Price Controls
When discussing government involvement in the health sector, I usually focus on the budgetary implications. Which makes sense since I’m a fiscal wonk and programs such as Medicare, Medicaid, and Obamacare are diverting ever-larger amounts of money from the economy’s productive sector. I also look at the tax side of the fiscal equation and complain about how the healthcare exclusion mucks […]
Dismal Data Sends Stocks To Record Highs As Short Interest Collapses To 2007 Lows
Overheard everywhere today… Stocks (Dow and S&P) hit record intraday highs… (must mean everything is awesome, right?) With Nasdaq’s best week of 2017… So clearly, unlike The Leftists, Trump Jr’s email means absolutely nothing… BUT… This morning’s terrible retail sales and inflation data sent ‘hard’ data to new post-Trump lows – lowest since May 2015 – […]
