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Archives by Year:
E Bull Market Or Hyperinflationary Market?
More than a decade ago several insightful people recognized that the bond market as it related to the then AAA-rated mortgage-backed bonds was a well-crafted illusion. The eventual default in these bonds fostered a market meltdown which was within hours of totally freezing up markets, creating a global financial crisis. The stock market reflected this […]
Warning Sign: Retail Investors Finally Join The Party
The global equity markets are off to a red hot start and optimism is at an extreme following the tax reform bill to close out 2017. In Davos, billionaire hedge fund manager called it “stupid to own cash.” Last week saw a record inflow of $33.2 billion into stock ETFs and mutual funds according to […]
Traders Dump Wynn Resorts
The price of Wynn Resorts has plummeted the past couple of days, as shown on the daily chart below of WYNN. The momentum indicator has fallen below the zero level and volumes have spiked. A bigger-picture view reveals that price spiked briefly above the 76% Fibonacci retracement level and has now dropped below its 60% Golden Ratio level, […]
Market Talk – Monday, January 29
Most core Asian markets turned negative but only towards the end of the trading session. The Nikkei appeared happy playing in positive territory but tended to drift as we approached the close of the day. There was talk of different reports hindering sentiment but it was the unknown and the speed of the decline that […]
February Natural Gas Closes The Gap Into Expiry
The February natural gas contract expiry today was one of the most anticipated in awhile, and it did not disappoint. After a rather significant gap down last evening on medium-range heating demand losses, prices rallied through the day and spiked into expiry, expiring 3.6% above the Friday options expiry settle. Despite all this excitement into […]
USD/CAD – Looking For 1.24
USD/CAD is trying to find a base above 1.23. The latest NAFTA talks ended with U.S. trade representative Lighthizer saying “The U.S. views NAFTA as a very important agreement. We’re committed to moving forward. We hope for NAFTA breakthroughs next month, but the talks need to move at a faster pace,” before the next […]
Bond Bloodbath Sparks Stock Slump As Dollar ‘Dead-Cat’ Bounces
Worst day for stocks and bonds in 6 weeks… Worst day for S&P in 5 months… Did bonds just spoil the stock market’s fun? Video length: 00:04:22 Ugly overnight in Chinese stocks… After Friday’s manic melt-up in US equities, Monday was a disappointment with China weakness sending futs lower overnight, the standard cash-opening ramp failed […]
The Big Four Economic Indicators: Real Personal Income In December
Note: This commentary has been updated to include this morning’s release of the December data for Real Personal Income Less Transfer Receipts. Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they […]
Weekly Technical Perspective On DXY, USD/JPY And NZD/USD
In this series we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. Here are the key levels that matter heading into the open of February trade. Review this week’s Strategy Webinar for an in-depth breakdown of these setups and more. DXY WEEKLY PRICE […]
Big Trouble For Barrick’s Pascua Lama Massive Gold Project
Regulators in Chile ordered the permanent closure of Barrick’s Pascua Lama Gold Project on their side of the border. This is very bad news for Barrick because the majority of gold mine is located on the Chilean side of the project. The massive Pascua Lama Gold Mine straddles the border and is situated in both […]
