March 2016 ADP Job Growth At 200,000 – At Expectations
ADP reported non-farm private jobs growth at 200,000. The rolling averages of year-over-year jobs growth rate remains strong but the rate of growth continues in a downtrend (although unchanged this month). The market expected 165,000 to 225,000 (consensus 203,000) versus the 200,000 reported. These numbers are all seasonally adjusted; In Econintersect‘s March 2016 economic forecast released […]
Sector ETFs To Buy If Crude Slump Persists
The relief of above-$40 oil, felt in mid March, was short-lived as oil has returned to the declining trail once again. Yes, the possibility of a rebalancing of the oil market in the wake of the potential output freeze deal by major producers spread optimism in the oil patch; but the double whammy of a […]
Today’s Trading Plan: Keeping It Dovish
Technical Outlook: SPX had a solid day yesterday following dovish remarks about future rate increases from Janet Yellen. Her dovish outlook as it pertains to rate hikes has been, in large part, the reason for the massive rally off of the February lows. Volume yesterday on the SPY was notably higher than recent days, but […]
Boeing Will Terminate More Than 4,500 Workers
Now that Yellen has taken us back to square one where the worse the news, the better for assets, the latest announcement by Boeing (BA), which overnight announced it will eliminate about 4,000 jobs in its commercial airplanes division by the middle of this year and another roughly 550 jobs in a division that conducts […]
EUR/USD And GBP/USD Forecast – March 30, 2016
EUR/USD The EUR/USD pair initially fell during the day on Tuesday, but found enough noise and support below to turn around and shoot much higher. With this, it’s very likely that we will continue to see quite a bit of bullish pressure and now that we are touching the 1.13 level, I now think that […]
Dovish Yellen Propels DAX 30 Higher. ADP On Tap
The DAX 30 (FXCM: GER30) is higher by 0.83% at the time of writing as the Fed’s Yellen hinted on Tuesday that the Fed will be careful when it comes to further rate hikes. External pressures such as softer emerging markets and crude oil prices appear to be playing a bigger role in the Fed’s monetary policy. […]
Moseda Joins Telus And Apple In The $20B Patient Home Monitoring Sector
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Because chronic conditions are difficult to manage by patients at home, with complications, hospitalizations and other expensive interventions sometimes necessary, they account for more than 75% of healthcare costs worldwide. To meet this […]
Short Gold With These ETFs
The rally in gold ETFs that was spurred by the safe haven demand in the wake of the Chinese market rout, overall global growth worries and nagging oil price declines at the start of 2016, has started to lose steam. Possibilities of another Fed rate hike as early as in April, given stronger U.S. economic […]
E Mid Cap Best & Worst Report – March 30, 2016
The best mid cap sectors is consumer goods. The highest scoring mid cap industry semi equipment & materials. The average mid cap score is 62.14, which is below the four week moving average score of 63.21. The average mid cap stock in our universe is trading -25.35% below the 52 week high, -0.99% below its […]
US Financial-System Risk Eases After Reaching 4-Year High
Financial stress in the US economy has ticked lower in recent weeks after jumping to a four-year high in February. The Cleveland Fed’s multi-factor benchmark is still elevated by historical standards, but this daily measure of distress in the financial system has fallen moderately through most of this month to date. Risk levels have also […]
