Has The Bull Stock Market Reappeared?
We have had a strong rally.These strong rallies can also be a retracement in a bear market. Hard to tell until time has passed. The fact however is that the indexes have taken out the 200 day moving averages. If they can hold these moving averages this is very constructive and gives proof to this […]
Insider Weekends – March 13, 2016
Insider buying increased last week with insiders buying $103.49 million of stock compared to $85.92 million in the week prior. Selling on the other hand decreased slightly with insiders selling $2.15 billion of stock last week compared to $2.2 billion in the week prior. Amongst the insider purchases this week, the purchases by a trio of insiders at […]
Bear Hunt FOMO Melt-Up
I have a confession: I have been a stock market bear this year. “But I had a great reason,” you can hear me say. My reason was the Earnings Recession. In the video that accompanies this article, I show the update on forward estimates that shows negative 9.4% “growth” for the first quarter and minus […]
March 14th Binary Options Trading Opportunities
There are no real announcements coming out during the day on Monday that we are concerned about, but we do recognize that the markets could offer trading opportunities. With that in mind we look at the following 3 ideas: FTSE looks supported The FTSE rose during the course of the session on Friday, and it […]
Short Workday
The title of this post might seem to be a description of my life Monday through Friday, but it’s not. It’s just a simple short idea – – the chart below, in spite of its relative lack of history as a public company, is pretty clean as a topping pattern. It’s one of my many […]
Current Position Of The Market-Severe Correction Underway
SPX: Long-term trend: Severe correction underway. SPX: Intermediate trend – .618 retracement reached as well as total projection. End of rally likely. Analysis of the short-term trend is done on a daily basis with the help of hourly charts. It is an important adjunct to the analysis of daily and weekly charts which discuss longer […]
Wall Street’s Week Ahead: Valeant, Mannkind, Inovio And Oracle
Partnership terminations, government investigations, pipeline updates, and advancements in new products mark this week’s earnings reports from Valeant Pharmaceuticals Intl Inc (NYSE:VRX), Inovio Pharmaceuticals Inc (NASDAQ:INO), MannKindCorporation (NASDAQ:MNKD), and Oracle Corporation (NYSE:ORCL). Valeant Pharmaceuticals Intl Inc Valeant is set to release its Q4:15 earnings on Tuesday, March 15 before market open. The company was originally supposed to release earnings on February 29, though announced […]
International Economic Week In Review: Is A Global Trade Slowdown To Blame?
In January, the World Bank issued its latest Global Growth Report, which contained a section titled, “Who Catches a Cold When Emerging Markets Sneeze?”It contained the following graph, which shows the slower pace of post-recession global growth: The report argues the following five factors caused the drop: Slower developed economy growth lowered global demand. Weak […]
Deutsche Bank: Negative Rates Confirm The Failure Of Globalization
Negative interest rates may or may not be a thing of the past (many thought that the ECB had learned its lesson, and then Vitor Constancio wrote a blog post showing that the ECB hasn’t learned a damn thing), but the confusion about their significance remains. Here is Deutsche Bank’s Dominic Konstam explaining how, among […]
Short Term Top Likely
Last week I mentioned that the 200 day moving average for the S&P 500 Index (SPX) was what everyone on Twitter was talking about, and as a result, it should provide resistance. Well, we’re sitting right at that resistance so we should see some profit taking at the least. One thing of note, is that people […]
