Financial Market Liquidity Isn’t That Important For The Economy As A Whole
Photo Credit: Ricardinyo || Secondary Markets are *not* the gears of the capitalist economy Okay, time for some secular economic and financial heresy, which is always somewhat fun. Secondary market liquidity isn’t very important to the functioning of the general economy of the capitalist world, including the US. (That said, my exceptions to this statement are listed […]
Low Volume Gains Tempers Strong Finish
A brief update as work travel keeps me away from my blog. A strong finish to the end of week was tempered by the relatively light volume which came with the buying. The S&P knocked on the door of the 200-day MA on solid technical strength. It will be important for buyers to keep buying pressure […]
94% Success This Week
This week was really incredible.I took 18 trades, and was green on 17, for a 94% success rate. My only loss was on Friday on $SSKN -$57.You can see the highlights from the week below. We had especially strong trades on $LNCO, $LEU $ASTC, and $VCEL. This week we saw extreme strength in the small caps […]
Peabody Energy Follow-Up
The lottery ticket on BTU has worked pretty quickly. Prices are all over the place on this near-Chapter 11 bond, but I think the offer has gone up to about 7 1/2. I wrote some calls on BTU equity against the position. The logic in this trade is very strong; if the bonds are worth […]
Oil Is So Much More Than A Commodity
Oil is so much more than a commodity. It’s a force bigger than the $1 trillion market. It’s a weapon, it’s a strategic asset and it’s a curse. Oil can make or break a country, a company, a person. Oil builds fortunes and it makes you poor. And it sets the stage for one of […]
Greenback’s Tone Sours, Sterling May Shine
The reversal of the US dollar’s gains half way through Draghi’s press conference has undermined the near-term technical tone. The risk is on the downside, at least in the first part of the week, ahead of the FOMC meeting. The US Dollar Index posted an outside down session on March 10. It drove the five-day moving […]
Have The Long-Term Trends Improved? You Can Decide
21 Charts In This Week’s Video Video Length – 00:31:35
Gold Daily And Silver Weekly Charts – Central Banks As Financial Cosmeticians
Friday was just one of those days where the ‘invisible hand’ tried to instill some confidence in the wise and benevolent judgement of the money masters, after a central bank, in this case the ECB, does something very visible and ‘lays an egg’ in doing it. So after all this yesterday, are you feeling more […]
Scotts Miracle-Gro – Chart Of The Day
The Chart of the Day belongs to Scotts Miracle-Gro (NYSE: SMG). I found the agricultural chemical stock by using Barchart to sort today’s All Time High list first for the highest number of new highs in the last month, then again for technical buy signals above 80%. Then I used the Flipchart feature to review the stocks. Since the Trend spotter signaled […]
Do These Funds Work? 3 ETFs Facing Uphill Challenges
ETF investors are always searching for unique strategies that offer promises of inflation protection or anti-volatility positioning. These funds are often drawn up using sophisticated back-testing analysis and touted as a strong “alternative” to compliment your existing portfolio of stocks and bonds. However, there are some instances where the strategy either falls flat from the […]
