Financial News




Next Treasury Secretary To Extend Maturity of Debt?


In a CNBC “Squawk Box” interview of Steven Mnuchin, the next Treasury Secretary, Steve brought up the idea of creating a super-long bond. The debt is so enormous that the only way to deal with it is to extend the payback date when a significant portion of that debt becomes due. Steven Mnuchin told CNBC…

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Short Covering Rally Has Ended According To Twiggs Money Flow


The rally in stocks from short covering is coming to an end as evidenced by the falling Twiggs Money Flow on all the major indices. I wrote about the Trump short covering rally here. I said a week ago that when we see a negative divergence between the Twiggs Money Flow and the major indices, (Read More….)

Heavy Insider Buying In Gran Tierra Energy


There has been heavy insider buying in Gran Tierra Energy that began on November 9, 2016. On November 29, 2016, Director David Smith bought $90,000 worth of stock. Also on November 29, 2016, Susan Mawdsley bought $60,000 worth of stock. Again on November 29, 2016, Officer (VP, Investor Relations) Rodger Trimble bought $37,500 worth of (Read More….)

Warning – Falling Money Flow On Major Indices


The Twiggs Money Flow is falling on the major indices. That means that traders are choosing to sell out of the market and book their profits.

S&P 500 Chart

Comments: The money flow has been falling on the S&P 500 this entire week. Watch 2193 support level. In an uptrend, previous resistance should become (Read More….)

OPEC Reaches Deal To Cut Production But Not So Fast


OPEC has reached a deal to cut production by 1.2 million barrels a day to 32.5 million. This oil production cut represents about 1% of global oil production. The problem is that non-OPEC producers like the US have to sign on to a production cut as well otherwise this production cut is not going to (Read More….)

The Big Guys Cash Out, The Little Guys Crash Out


The high yield debt chart is very troubling IMO. If we overlay the S&P 500 and the high yield debt chart, a huge bearish divergence is revealed. Check out this chart with the red line being the S&P 500 and the purple line being high yield debt.

High yield debt (purple) is nowhere near (

Insider Buying In Spark Energy


Spark Energy has had heavy insider buying over the last few weeks. The Director Maxwell W Keith III bought $273,564 worth of stock on November 23, 2016. Two days earlier, on November 21, 2016, Vice President and General Counsel Melman Gil bought $14,922 worth of stock.

Spark Energy operates as an independent retail energy services (Read More….)

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