Social Media Indicators Close To Warning
Our Twitter and StockTwits momentum indicators for the the S&P 500 Index (SPX) are getting close to issuing a consolidation warning. Twitter momentum has a small negative divergence as the market moves higher. Meanwhile, the StockTwits community is still confirming the uptrend with higher highs and higher lows in momentum. A break below the current […]
2 Horseman Diverge
One Horseman is riding up to new highs but is not confirmed by the other Horseman, which sees silver continuing to out perform gold in micro term. Further, Horseman #1 is loved by everyone. Here is its over bullish public opinion (Optix) status from Sentimentrader.com. Maybe this time will be different. Then again, probably not. USD, […]
“Shareholder Value Maximization”…..The World’s Dumbest Idea
A fresh perspective, checking assumptions, challenging mindsets, is the main subject of the European Investment Conference. Video Starts at : 00:02:30 Video Length: 00:44:31
Gold Forward Rates Plunge
Negative GOFO Rates Become More So The gold forward offered rate (GOFO for short) is a swap rate for a gold-dollar swap. If one owns gold and wants to borrow dollars, one can use one’s gold as collateral for a dollar loan, and GOFO is effectively the interest rate one pays for this swap. Implied […]
Has HSBC Damaged Bitcoin?
HSBC recently severed its ties with GA Advisors, the world’s first regulated Bitcoin investment fund. Supposedly, the bank was worried about a “money laundering risk” activities in the Bitcoin industry. Global Advisors’ Daniel Masters believes that the step taken by HSBC will prove to be a huge hurdle for the Bitcoin investment fund, which he […]
Construction Spending Growth Improved In October 2014?
The headlines say construction spending improved this month – Econintersect sees the data moving around to the extent it would be wrong to take this month’s data to the bank (and because last month’s data was revised up, we see a deceleration this month in growth). The weakness over the last few months continues to be attributable […]
Maybe A Dip
I’ve been waiting for a short term top for almost three weeks now. Maybe we’ve finally got one. If this is the case it’s time to watch market internals to see if they hold up or fail in the face of lower prices. One of the things I’m watching most carefully is the percent of stocks […]
Citi Shutters Lavaflow – 5th Largest ‘Dark Pool’ In America
When the 5th largest dark pool trading venue (by volume) in America is shuttered, as Citi notes because its “capital, resources and efforts would be better redeployed elsewhere,” you know there is a problem in US stock trading volumes and liquidity. Everyday we get ‘glimpses’ of this collapse – most recently yesterday’s (AAPL) flash-crash – as human […]
All About Debase: Not
Megan Trainor tells us it is “All About the Base”. It seems like many reporters and analysts may be mistaking her lyrics as it is all about debase, as in currency wars. The latest surge of currency war stories follow the unexpected decision by the Bank of Japan to dramatically increase its Qualitative and Quantitative […]
Dividend Aristocrats In Focus Part 51: Family Dollar
Family Dollar (FDO) is the smallest Dividend Aristocrat discount retailer, behind giants Wal-Mart (WMT) and Target (TGT). Family Dollar has a market cap of ‘just’ $9 billion and operates relatively small (compared to super-centers) discount retail stores in the US. When I last wrote about Family Dollar, I analyzed the company’s pending acquisition by Dollar Tree (DLTR). The Dollar Tree […]
