Record Low U.S. Rig Counts: Rig Count Capitulation?
Baker Hughes (BHI) Rig Count Data shows the total U.S. rig count is 480, down by 9 in the last week. North American rig counts declined by 40 to 578. Canada accounts for 31 of the North American decline. Citing Baker Hughes, MarketWatch reports “The previous record US low was at 488 rigs on April 23, 1999. The number […]
Testing Critical Resistance Here: My Three Observations
This rally has come out of nowhere, and it is doing it completely overbought prior to today. The run-up into two key resistance points that conjoined at one specific price point, creates the potential for the market to fail here and not have anything left in the tank that would allow for it to break through. See for yourself:
Sector ETFs To Benefit From Global Negative Interest Rates
The world is heading toward negative interest rates policies (NIRP) to stimulate sagging growth and prevent deflationary pressure. Most central banks, including the ones in Japan, Sweden, Switzerland, Denmark and Europe have adopted this policy. The central bank of Denmark was the first and foremost to set a negative tone for rates in mid 2012. […]
Biotech Investing Guide: 3 Stocks To Buy And 3 To Avoid
The biotech sector, which has outperformed over the last few years, has not exactly had a great start this year — the Nasdaq Biotechnology Index is down 22.2% year-to-date. Compare this to 11.9% growth during the same period last year and one wonders whether the dream run for the sector is over. The sector has […]
Mario Draghi Got Lost In A Rabbit Hole
I’ll try and keep this gracefully short: Mario Draghi ‘unleashed’ a bazooka full of desperate tools on the financial markets yesterday and they blew up in his face faster than you could say blowback or backdraft (and that’s just the start of the alphabet). This must and will mean that Draghi’s stint as ECB head […]
The Best Dividend ETF: Data-Driven Answers
Charlie Munger has a fitting analogy for investing markets; racetrack betting. “The model I like to sort of simplify the notion of what goes on in a market for common stocks is the pari-mutuel system at the racetrack. If you stop to think about it, a pari-mutuel system is a market. Everybody goes there and […]
Silver Outbreak: Investment Demand Will Totally Overwhelm The Market
It’s no secret to the precious metal community that silver is one of the most undervalued assets in the market, however 99% of Mainstream investors are still in the dark. This was done on purpose to keep the majority of individuals invested in Wall Street’s Greatest Financial Ponzi Scheme in history. You see, this is […]
EC When Bond Kings Short Emerging Market Equities
“If you’re going to do something in emerging market equities, my recommendation is to short them. They may fall a further 40%.” – JJ Jeff Gundlach hates Emerging Markets. So does almost every other pundit on financial TV. So do the rating agencies. Can you blame them? Over the past five years (through February), while […]
‘Bounce Longs’ Updated
I thought the pattern was sneaky bullish and that is why I held BSX as I sold the others last week. Today it boinks the 50 day moving averages. As noted earlier in the week, MSCC was bought back at support after being sold just below target. So far, so good although also uninspiring as yet. […]
QE Honesty
The Bank of Japan had previously “disappointed” last December when it failed to announced more “stimulus.” Setting aside who might actually have been frustrated by the lack of renewed distortions, the Japanese central bank did make some minor alterations to its QQE regime at that time. They expanded the list of eligible collateral and extended […]
