Kamikaze Finance
Source: Wikimedia Dear Diary, Not much market action yesterday. So, let us turn to what is bound to be the funniest… and scariest… story in the financial world. Once again, our hat is off to the stalwart, intrepid and half-mad Japanese. They are going where no respectable economist would go… no responsible public policy should go… […]
2 Vanguard ETFs For Steady Retirement Income
When most investors begin planning for a steady income stream in retirement, they tend to gravitate towards fixed-income as a predominant asset class. The low volatility and reliable dividends from bonds offer an attractive combination for replacing career earnings. However, it’s important to remember that these assets can be susceptible to swings in price due […]
The Global Economy’s Slowdown Weighs On US Manufacturing
The first hint that the global economy’s recent weakness is creeping into the US arrived in today’s preliminary November update of the Markit US Manufacturing Purchasing Managers Index (PMI). This survey of business conditions in the manufacturing sector reflected slower growth for this month’s flash estimate. Dipping to 54.7, the PMI’s slide — the third […]
HUI Vs. SPX
This is an updated view of a chart that was created so long ago I can’t even remember it. I just found it rummaging through a chart list. Anyway, it is untouched from its original creation, which was long before HUI lost the first support level at the green dotted line. Look where it sits […]
Roger Babson’s Ten Commandments For Investing
Some friends and I were discussing Roger Babson earlier today. As you may recall he was an MIT trained engineer who became a famous stock market analyst and financial theorist. I have acknowledged in the past that my own particular style of charting was in part inspired by his approaches to force and resistance. He never really […]
Don’t Wait For Gold’s Official Bottom To Buy
Greg Hunter of USAWatchdog interviewed Peter Schiff last week about the new highs in the stock market and what the positive financial news really portends for the United States economy. Peter also shares his thoughts about a bottom in the gold price. Here are some highlights from the interview: They don’t actually understand the fundamentals. The big […]
Positive Economic Data And Earnings Send Markets Higher
Four big pieces of economic data were released this morning, all showing a strengthening U.S. picture. The Consumer Price Index (CPI), the most widely followed measure of inflation, came in flat month over month (MoM); the Estimize consensus was looking for a slight decrease of -0.07%. Core CPI, excluding certain items like energy and food […]
Breadth Divergence: Are The Bulls Missing This?
Negative/Bearish Divergence Yesterday, we covered an analysis about a potentially bullish signal in market breadth. A common form of feedback was: What about the divergence between market breadth and the S&P 500… doesn’t that look like October 2007? The present day divergence is explained in the chart below. A Showstopper For Bulls? In this article, we are […]
Coffee Could Get Much Cheaper If This Fails At (2)
CLICK ON CHART TO ENLARGE I’ve enjoyed sharing chart patterns and sentiment over the past 18-months on Coffee. Coming into this year, Coffee had done poorly and few investors were bullish the product. Then BAM… Coffee shoots up 100% in a couple of months. I was deeply honored when co-founder of Stocktwits, Howard Lindzon, gave […]
Abe Calls Election Because Of Revolt In Ruling Coalition
Last night, I started to write a post on Prime Minister Shinzo Abe’s call for a “snap” election in Japan, which will likely be scheduled for Dec. 14. When I awoke this morning and prepared to finish the post, I noticed Zero Hedge beat me to it and nailed it to boot. No reason to reinvent the wheel. Notice that […]
