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Today’s Trading Plan: Lunging For All-Time Highs

Today’s Trading Plan: Lunging For All-Time Highs

Technical Analysis: Strong move from the market yesterday, with the S&P 500 (SPX) rising another 0.5% and just six points away from new all-time highs.  Currently SPX is underway on the second leg of the bounce that began last week. If it is anything like the Brexit bounce it should still have more room to run before […]
Friday Falling Dollar Foolishness – OPEC Deal Rumors Right On Schedule

Friday Falling Dollar Foolishness – OPEC Deal Rumors Right On Schedule

Down goes the Dollar!   That’s significant because it’s Options Expiration Day today AND we’re settling the December Oil Futures Contracts (/CLZ6) so the well-timed 0.5% drop in the Dollar (which we predicted – thank you!) is boosting oil, gold, the indexes – well everything priced in Dollars – you get the idea.  This is how they take advantage of […]
And So It Begins; The Trump Re-Shoring Hype

And So It Begins; The Trump Re-Shoring Hype

People may get tired of me calling everything hype this and hysteria that.  Hell, I get tired of me doing that.  But as a market manager I have got to use my B/S Detector as a primary tool because the markets move on emotion in the short-term, before whatever fundamentals are to emerge finally do […]
Millennials: Taking Over The Economy

Millennials: Taking Over The Economy

“Want to hammock on Sunday?” asked M. M is a friend I made at my indoor rock-climbing gym who regularly sends me Snapchats. He enjoys heading outdoors, hiking and climbing every chance he gets. And he hammocks … which means he takes time out to find two trees in a park or some other outdoor […]
Crude Oil Bears State Prices Headed Lower- Bulls-Eye Or Rubbish?

Crude Oil Bears State Prices Headed Lower- Bulls-Eye Or Rubbish?

Anxiety is a thin stream of fear trickling through the mind. If encouraged, it cuts a channel into which all other thoughts are drained.  – Arthur Somers Roche 2015 was a terrible year for oil and it looked like 2106 would even worse; oil dipped below $30.00 and all cockroaches (oops we mean analysts) started […]
Bonds Could Fall 15% More, If This Gives Way, Says Joe Friday

Bonds Could Fall 15% More, If This Gives Way, Says Joe Friday

Do you know what was one of the best things to do on the 4th of July this year, in the financial markets? If you owned government bonds, it was a great time to sell them. If you were open to it, it was an even better time to short bonds. The chart below looks […]
Morning Call For Friday, Nov. 18

Morning Call For Friday, Nov. 18

OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ16 +0.05%) are down -0.13% and European stocks are down -0.72%. A +0.07% increase in the dollar index (DXY00 +0.10%) to a new 13-1/2 year high has undercut commodity prices and is leading commodity and raw-material producing stocks lower. The likelihood of a Fed rate hike next month […]
Bear Of The Day: BJs Restaurants

Bear Of The Day: BJs Restaurants

Founded in 1978 and headquartered in Orange County, CA, BJ’s Restaurants (BJRI –Free Report) owns and operates a chain of 186 high-end casual dining restaurants in 24 states. Their signature menu items include deep dish pizza, craft beer and “pizookie” dessert. They call their positioning “contemporary, high-quality, casual plus”. Results Disappoint The company reported lackluster Q3 results, missing […]
The Stock Whisper Of The Day: SPY, AMAT, GPS, ANF

The Stock Whisper Of The Day: SPY, AMAT, GPS, ANF

Hot whispers of the day: SPY, AMAT, GPS, ANF. Video Length: 00:04:36
Applied Materials (AMAT) Q4 Earnings And Revenues Beat

Applied Materials (AMAT) Q4 Earnings And Revenues Beat

Applied Materials Inc. (AMAT – Free Report) reported modest fourth-quarter fiscal 2016 results, wherein the top- and the bottom line came ahead of the Zacks Consensus Estimate. The company’s pro-forma earnings per share (EPS) of 66 cents in the fourth quarter beat the Zacks Consensus Estimate by a penny and came in at the higher […]