Ventas – Sell Signals
Today I deleted Ventas (NYSE:VTR) from the Barchart Van Meerten New High portfolio for negative momentum: Barchart technical indicators: 72% Barchart technical sell signals Trend Spotter sell signal Below its 20, 50 and 100 day moving averages 16.16% off its recent high Relative Strength Index 37.99%
Financial Asset Holdings At Extreme While Real Assets Repressed
Financial assets now represent more than 82% of the net worth of both households and U.S. non-financial corporations, according to Federal Reserve Z.1 Flow of Funds data. The concentration of private net worth in financial assets, rather than real assets or productive capital, has reached the highest extreme in history. Graphic via williambanzai7 The global, central-bank, front-running, […]
Gold Daily And Silver Weekly Charts – Deliverable Gold In The Comex Falls To Record Low
This is an inactive month for gold on the Comex, and the delivery reports, such as deliveries at The Bucket Shop which are merely an exchange of claim checks, reflect this. So I was a little surprised to see that in the latest warehouses report the ‘registered’ or deliverable gold, at these price levels, has fallen to record […]
A Tale Of Two Graphs – Why Bubble Finance Will Fail
On Friday the BLS reported, among other things, that full-time employment in April had dropped by 252,000 from the prior month and that the weekly earnings of production workers had risen by the grand sum of 67 cents (0.1%) before inflation and taxes. But why should still another confirmation that the main street job market is dead in the […]
A Look At Corporate Profit Margins
As the first quarter earnings season draws to a close, the results have actually been quite a bit better than expected. The “beat rate,” or the percentage of companies beating the consensus earnings estimate going into the earnings announcement, is running at 67%. The average beat rate of the past five years has been 65%. Of […]
Lack Of Follow Through For Markets
After Friday’s gains in the Dow there was an opportunity for other indices to follow suit, but buyers suffered a bout of shyness. Tech and Small Caps finished the day near their lows after handing back early gains. For the Russell 2000, the day finished with an inverse hammer just below its 50-day MA (which […]
Bond-Ocalypse Sparks Stock Selling Scramble
Given the illiqiuidty in markets and distance between fundamentals and perception, this seemed an appropriate analogy…. Stocks were exuberantly running stops early on as talking heads proclaimed the great rotation about to begin… Then once stops were run and bonds kept bleeding, stocks were shaken… Click on picture to enlarge After Hours, yields kept pushing […]
SP 500 And NDX Futures Daily Charts – United States Of Amnesia
“We are the United States of Amnesia, we learn nothing because we remember nothing.” Gore Vidal Stocks backed off their exuberant rally high from last Friday after that ‘goldilocks’ job number. The ‘global bond rout’ has investors nervous, and well they might be. We are led by narcissists and sociopaths, in a most unwholesome partnership between […]
Too Many People Are Still Bullish On Gold… A Bearish Sign
When it comes to sentiment, the gold market (GLD) is built on shaky foundations. At least, that is the opinion of Marketwatch-columnist Mark Hulbert. In the eyes of Hulbert there are too many investors who expect a sustainable gold rally at the moment, which is not a bullish indicator. Meanwhile there are more bears compared […]
Interest Rates “Blowing Through Resistance”
Rates have been on the rise since the first of February this year! Both the 30-Year Bond and 10-Year note are blowing right through resistance of late. Bond players might want to respect this breakout above 2-year falling resistance! Click on picture to enlarge
