I have downgraded the market further today with the rating that Bears have the advantage over Bulls going into Wednesday. Here is my objective reasoning for downgrading the market further after today’s trading.
The NYSE percent of stocks above the 50 day moving average is plunging as traders have been rushing for the exit across (Read More….)
I have downgraded the rating of markets to Sidelines after the bearish cross today of the TSI on the S&P 500.
The NYSE percent of stocks above the 50 day moving average has fallen off a cliff. With the 13 day EMA crossing below the 50 day EMA.
The NYSE McClellan has broken (Read More….)
Due to market actions this morning, the market rating has been downgraded to sidelines rating from bulls have the advantage over bears. EOD charts and greater explanation to follow after the market closes tonight.
For the first time since the Trump rally began on November 7, 2016, we have actual catalysts that are powering markets higher. President Trump continued to use executive powers to start implementing some of his campaign promises. Today he signed off for the continuation of the Keystone XL and Dakota Access pipelines. The Energy sector (Read More….)
The NYSE just released the margin debt number for November 2016. Margin debt came in at $500,442 ($ in millions) for the month of November which favors the Bulls.
The margin debt is approaching resistance of $501,125 ($ in millions) hit in September 2016, and $507,153 ($ in millions) hit in April 2016.
Rising (Read More….)
The Santa Claus Rally is the upward move in the price of stocks that often occurs in the week between Christmas and New Year’s Day. There are several reasons that explain the Santa Claus Rally, including tax considerations, and people investing their Christmas bonuses.
The seasonal Santa Claus Rally started early this year because of (Read More….)
CVGW Buy Vertical Group
Overnight Headlines By Ticker:
CVGW Calavo Growers
12/5 19:48 Vertical Group Initiates CVGW with Buy, price target: $64
AMAT Applied Materials Inc (Related Headlines)
12/5 17:33 Semiconductor Industry Association (SIA): Oct Global Semiconductor Sales $30.5B, +3.4% m/m, +5.1% y/y
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….)
Traders get confused by price action in bonds relative to the stock market because of perma-bear websites like ZeroHedge. Folks, the most reliable signal for how bonds impact the stock market is very simple.
Look At Bond Prices
Your primary research into bonds should always start with bond prices first, then yields second. A bond (Read More….)
For the week, the DJIA gained 0.1%, the S&P 500 rose 0.8%, and the Nasdaq climbed 1.6%.
Economic data and Federal Reserve commentary virtually sealed the deal that a rate hike is coming at next month’s monetary policy meeting.
Trump needs to fire Yellen IMO. Trump has pledged a $1 trillion infrastructure spending program to (Read More….)
We pulled off an incredible victory of getting Donald Trump elected. Congrats guys, we did it. Now the first point of focus is the backward bending Laffer Curve. Thanks to the reckless policies of Democrats and Obama, the national debt is up to almost $20 trillion dollars. The horrible national debt leaves Trump with little (Read More….)
Made famous by Michael Lewis’s book “Flash Boys,” the Chicago Stock Exchange plans to introduce a delay of 350 microseconds, or millionths of a second, on incoming trades. The idea is to thwart aggressive high-frequency trading strategies. The WSJ writes…
The Chicago exchange, which handles a sliver of U.S. stock-trading volume, says it wants to (Read More….)
For the week the S&P 500 fell -1.9%, the DJIA fell -1.5%, and the Nasdaq plunged -2.8%. Last week the VIX shot back above 20 to trade at levels not seen since the June Brexit vote. The S&P extended its longest losing streak since 1980 with its ninth consecutive decline on Friday.
Oil was (Read More….)
For the week the S&P 500 fell -0.7%, the DJIA was flat closing up +0.1%, and the Nasdaq dropped -1.3%. On Thursday morning of last week, I closed out all my active swing trading positions and have moved into an income fund that pays a monthly dividend and yields over 5% per year. For me, (Read More….)
For the week, the S&P 500 lost -1%, the DJIA fell -0.6%, and the Nasdaq dropped -1.5%. Last week, preannouncements from Honeywell, Dover, Ericsson, and Fortinet scared traders, along with a disappointing Q3 report from Alcoa. HP announced a cut of 3,000 to 4,000 jobs across all divisions because of challenging market conditions.
Friday’s solid (Read More….)
The stock market is being taken down by the rising US dollar. Check out the chart below of UUP and the S&P 500.
Our largest trading partner Canada is devaluing the Canadian dollar.
Our second largest trading partner China is devaluing the Yuan which is pushing up the US dollar. In overnight trading, (Read More….)
Warren Buffett’s favorite measure of market valuation is to compare total stock market capitalization to GDP. Warren Buffett said back in 2001 in a Fortune Magazine interview, “it is probably the best single measure of where valuations stand at any given moment.”
Below is a ratio chart of stock market capitalization to GDP with the (Read More….)