E S&P500 Could Be In For A Bear Market
E-mini S&P500 reached our 2375-2383 resistance zone as expected from where we can already see some bearish pressure coming in. Ideally, that’s start of a new impulsive leg down, beneath 2352 if we consider idea of a completed expanded flat formation.If that’s correct, then market will break below 2353, likely next week. S&P500, 1H
Solid Jobs Report But Divergence Between Jobs And Employment Is Still Strong
Initial Reaction Today’s employment report shows a robust increase of 235,000 jobs. And for the first time in many months, the rest of the report was good as well. Revisions The change in total nonfarm payroll employment for December was revised down from +157,000 to +155,000, and the change for January was revised up from […]
EC Happy 8th Birthday Bull Market! Has The S&P 500 Become Dangerously Overvalued?
Introduction According to an article in Quartz today, March 9, 2017, marks the 8th birthday of the US bull market which started on March 9, 2009. According to the article, this is the 2nd longest and 4th strongest bull market in history for the S&P 500. However, before we celebrate too excessively, we should pause and take a look at […]
China Central Bank Admits It Has A Debt Problem, Warns No Easy Solution
It’s a well-known risk, perhaps the biggest to the global financial system: China’s debt is too high, with estimates ranging from 250% to 300% of GDP per the IIF: And while China has largely ignored, or avoided, discussing the troubling implications of its unprecedented debt load, this changed today when the head of China’s central […]
Unexpectedly Higher South American Crops Impact US Bean & Corn Exports
Market Analysis The USDA continued its recent trend of unexpected surprises on their monthly report. This time it was in their South American production estimates when they made some significant increases in the continent’s soybean and corn crop outlook. These larger numbers also impacted the world’s ending stocks and the US balance sheets for the […]
EUR/USD Settles Above Resistance On Hawkish ECB Leaks
The decision of the European Central Bank hardly moved the euro until Draghi uttered his words about a lack of urgency. And now the common currency gets another boost, and not only from the NFP. According to reports, the ECB discussed the option of raising rates even before bond-buying ends. The Federal Reserve initially tapered QE from early 2014 before […]
Better Oil & Gas Pipeline Dividend Stock: Enterprise Products Or Kinder Morgan?
Kinder Morgan (KMI) and Enterprise Products (EPD) are two of the biggest oil and gas transportation companies in the U.S. Both companies operate in the midstream segment, which means their assets are comprised mainly of oil and gas pipelines and terminals. However, they are very different in terms of dividends. In December 2015, Kinder Morgan cut its […]
Crude & The Waterfall
COMMENT: Marty; I have to say, the forecasting on Socrates in Oil is very impressive. It picked the high and then forecast a waterfall in February even though February closed higher. From even a technical perspective, it did not appear that such a sharp collapse would unfold. Absolutely amazing KW REPLY: This is completely a pattern recognition […]
Dead Duck – Short Twitter
I honestly never thought I’d be short Twitter, but it’s turning out to be one of my favorite positions. The reason I doubted it, of course, is because it’s already lost EIGHTY PERCENT of its peak value, so it seems sort of destroyed already. However, it’s pretty evident the company’s business model sucks out loud (sort […]
Southwest Airlines Co Cuts Key Industry Metric & Sees Sluggish Outlook
Southwest Airlines Co (NYSE: LUV) early Friday [Mar 10, 2017 | 6:37am] cut its outlook for a key industry metric amid its monthly update, sending its shares lower in premarket trading. The Dallas-based airline operator first noted that airline passenger miles rose 1.1% to 8.7 billion for the month of February. Capacity also gained 1.2%, […]
