Markets Net Bearish Technically
It has been a while since markets were net bearish, but the S&P, Nasdaq, Nasdaq 100, Dow Jones Industrials and Russell 2000 are all now net bearish in technical strength. Adding to this is a number of these indices have also broken from support channels. The best case for bulls is that markets shift sideways […]
Toyota Could Go Either Way
Toyota (TM) hasn’t had the best of times in the market as of late. In fact, the stock has been on the decline for about three months at this point. Looking at the chart, the knee-jerk reaction may be that this thing is going to continue to fall. However, that may not be the case. […]
Here’s The Most Important Thing You Missed On Friday
Remember this chart from Citi’s Matt King? That right there is your global credit impulse, and as you can see from the preponderance of red (which I assume Citi used in a kind of tongue-in-cheek way), China is almost the sole source of private sector credit creation. What does that mean? Well, in the simplest […]
Emerging Markets: Preview Of The Week Ahead – April 17
EM FX was mostly firmer last week, helped by Trump comments and softer US data. While this seems positive for EM, the global backdrop remains uncertain. Some in EM (Russia, Turkey, and Korea) remain vulnerable to geopolitical concerns. In addition, idiosyncratic domestic political risks remain in play for other EM countries, such as Brazil, South […]
Investors Fret As Politics Override Bank Earnings
The investment world is often thought of as conservative, traditional, middle of the road, and one that conforms with the norms of society. Increasingly, especially as the digital age continues to transform our world, these staid notions are being replaced with wild extremes. For example, financial advisers have typically run a relationship business based on […]
Why Meredith (MDP) Is Up 4.9% Since The Last Earnings Report
A month has gone by since the last earnings report for media company Meredith Corporation (MDP – Free Report). Shares have added about 4.9% in that time frame, outperforming the market. Will the recent positive trend continue leading up to the stock’s next earnings release, or is it due for a pullback? Before we dive into how investors and […]
“Out Of Cash” – More Than 90% Of India ATMs Run Dry
Five months have passed since the demonetization drive, but the people of India continue to face a shortage of cash in banks and ATMs. The Times of India reports that more than 90% of the ATMs in the northern region do not have cash, and in the southern states as many as 65% of ATMs have run dry. […]
The Value Of Trading Contracting Triangles And Wave Corrections
Many traders appreciated last month’s article with my most favorite wave patterns. Being able to recognize wave 3 and “end of the trend” scenarios makes sense even for non-Elliott Wave traders. This article adds another two patterns, which I think are relatively simple to identify. That is a win-win for both wave and non-wave traders. Today we […]
Stock Market Bounce Coming?
“Now that enough re-distribution has taken place, we need to extend the decline from the 2375 (s/b 2378) secondary top. This is what my indicators are currently projecting and, if they turn out to be correct, a resumption of the downtrend should start immediately and could extend to a new low before the next consolidaton […]
