A Budget Discussion Thats Not Stoopid
As of last week, your income taxes are all filed. Congrats! Or, like me, you got an extension. Boo! In either case, it’s a good week to think about what our tax money bought this year. And since we’ve all been promised federal tax reform this spring or summer from a unified legislative and executive […]
Why Do Oil Prices Continue To Fall & Why Are Oil ETFs Among The Worst Performers This Year?
Even as OPEC signaled that it may continue to restrict production during the second half of 2017 oil prices fell by more than 7% last week, their worst decline in about a month…so why did oil prices fall, and why are oil ETFs among the worst-performers this year? Written by Sumit Roy (ETF.com) …Key OPEC sources […]
French Election Crushes Volatility
Today’s rally mostly happened last night when the Futures markets opened. The major index Futures gapped up and then stayed in a tight range throughout the trading session. The biggest surprise was the volatility crush caused by the French election. The market breathed a sigh of relief as only one of the two anti-EU candidates […]
Big Difference Mechanical Tightening
The mainstream narrative as it relates to Chinese money is “tightening.” Having survived the economic downturn last year, we are to believe that the PBOC is once again on bubble duty. They raised their reverse repo rates, considered to be their policy benchmarks, three times up to mid-March. The central bank also increased the rate […]
Sector Strength – Monday, April 24
The US Dollar dropped right down to the 200-day. Where next? The decline off the late 2016 high is so choppy that it makes me think the next big move is higher, not lower. But other indicators point to a lower dollar. This chart favors a lower dollar with non-US large caps outperforming US large […]
Low Volatility Is Crucial For SPX Breakout
Even though the S&P 500 Index (SPX) did not reach a new all-time high today (Monday), the SPX:VIX ratio did, as shown on the following two Daily charts. Keep an eye on the ratio, since an RSI above 50 and upside crossovers on the MACD and PMO indicators are signalling that a new bull market is shaping up […]
Whole Foods Soars On Buyout Talks By Albertson
Shares of Whole Foods Market, Inc. (WFM – Free Report) rallied Monday afternoon after a Financial Times report suggested that Albertson, a U.S. supermarket operator, is exploring the possibility of buying the high-end grocery store chain. Albertson, backed by Cerberus Capital Management, is the third largest supermarket chain behind Wal-Mart (WMT – Free Report) and Kroger (KR – Free Report). Cerberus reported holding a preliminary talk with […]
Baby, We Were Born To Run
Even this fast-running Roadrunner pauses at the Handicapped Parking sign. A bird born to run, it can outrace a human. It can kill a rattlesnake. It thrives in the harsh desert landscape. Last week, the market paused at the many potential handicap signs. This week however, the market once again proves it is born to […]
Breakouts All Around: Nasdaq, Russell 2000 And S&P
The French election result was greeted as a welcome trigger for breakouts. All indices benefited from the action. Best of the action was in the Russell 2000. The Russell 2000 cleared 1,390 which marked a resistance level of the former bearish consolidation triangle. Technicals are all bullish and an intraday move which pushed below 1,390 but came […]
