E US Dollar Confirms Intermediate-Term Breakdown
In early August, we observed that the US Dollar index was on the verge of a meaningful breakdown. Our technical analysis suggested that a weekly close below the congestion support level in the 93 area would likely be followed by a resumption of the downtrend from early 2017. This week, the index moved sharply lower, […]
Bi-Weekly Economic Review: Saturday, Sept. 9
The economic reports of the last two weeks were not as bad as the market moves they precipitated. That could be due to other factors such as Hurricane Harvey and its impact on the energy industry or the now fairly normal political chaos that is the Trump administration. Whatever the cause, the market based indicators […]
W.W. Grainger: 46 Straight Years Of Dividend Growth And An All-Time High Yield
Industrial component wholesaler W.W. Grainger (GWW), with 46 consecutive years of rising dividends, is one of the venerable dividend aristocrats. Even more impressive is that Grainger has rewarded long-term dividend investors with impressive 11.5% annual dividend growth over the last three decades. Let’s take a closer look at this dividend aristocrat to see whether or not it […]
Buying Insurance Stocks On Near Term Weakness
Earlier this year I wrote a post titled, “Insuring Your Portfolio With Insurance Stocks,” as I discussed the relatively boring nature of the industry, specifically the property and casualty insurance space. I mentioned how this boring sector is tempered by its stability and predictability in terms of measured growth and it being a potential reliable […]
USDJPY Headed For 106?
With Hurricane Irma set to wreck havoc on Southern states in the U.S., USD/JPY broke through 108. No U.S. economic reports were released on Friday but the greenback has been tracking 10 year Treasury yields which dropped to their lowest level in 10 months. At the start of the week we talked about how Harvey, […]
Will The MAGA ETF Make Your Portfolio Great?
It seemed like just a matter of time before an ETF such as this hit the marketplace. There are ETFs that allow you to invest in drone technology, whiskey producers, video games and Catholic values. So it shouldn’t be surprising that you can now invest based on political views. The Point Bridge GOP Stock Tracker ETF (MAGA) launched this week with the […]
Week In Review: China Pharma Continues Record Deal Pace With $2 Billion In New Announcements
Deals and Financings OrbiMed, a global healthcare investor, closed its third Asia private equity fund with $551 million in capital commitments, about $100 million more than the target listed in its initial filing six months ago (see story). OrbiMed Asia Partners III will consider investments in all parts of Asia healthcare, but it expects to focus on growth-stage […]
Tech Sector Close To Forming A “SELL” Signal
The Technology ETF (XLK) is close to forming a “SELL” signal. Two of the three technical indicators on the Daily chart below have done so, as of Friday’s close, while the RSI threatens to join the MACD and PMO if it crosses below the 50 level. Price action this week, following its all-time high made last Friday, has been overly […]
Stocks Quiet Ahead Of The Hurricane
Stocks Quiet Ahead Of The Hurricane The stock market remains very strong. The major indices slid last week but were quiet as the country waits for Hurricane Irma to hit Florida and parts of the East Coast. Stepping back, the action remains healthy as the market continues to trade just below record highs […]
