Over the last month, the price of gold has been rising even though the dollar has been rising as well. This means that gold has decoupled from the US dollar and is trading on its own merits.
Gold is primarily priced in US dollars. Federal Reserve rate hikes push the US dollar up and (Read More….)
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….)
With the stock market hitting all-time highs, everybody wants to know if we are in a giant bubble.
You can’t trade and make money if you’re not in the market. If the fear that we are in a bubble is keeping you out, then you’re not making money.
The honey badger doesn’t care. The honey (Read More….)
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….)
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….)
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….)
Amazon’s Amazon Prime membership continues to explode higher among US consumers. Amazon Prime had 40 million US members in Q3 2015. In Q3 2016, Amazon Prime membership has grown to 49.5 million US members. The incredible growth of Amazon Prime membership could lead more brands to sell over the Amazon platform. Rather than try to (Read More….)
Franklin Financial Network provides various banking and related financial services to small businesses, corporate entities, local governments, and individuals.
Franklin Financial Stock Chart
Chart Comments: Testing previous resistance at around $38. Inverted hammer with long upper shadow is bearish and may indicate a pullback is coming. Wait for close above $38 before long entry. (Read More….)
I’m of the belief that one reason stock markets smashed all-time high records this week is from the massive short covering going on that led up to the Presidential election on November 8, 2016.
You had billionaires like Warren Buffett and Mark Cuban suggesting that they took short positions in case of a Trump win. (Read More….)
Stocks that have a positive divergence between the Twiggs Money Flow and price. Today’s stocks include DAR, GME, MMS, OPHT, PEIX.
Darling Ingredients Stock Chart
Comments: BlackRock, EMINENCE CAPITAL, and SOUTHERNSUN ASSET MANAGEMENT have been accumulators of DAR during 2016. Solid valuation at P/E 16.4, and forward P/E 19.6. Huge buy side volume on (Read More….)
Stocks with a positive divergence between the money flow and price for November 22, 2016. Tickers: TAST, HWKN, RETL, WLH.
Carrols Restaurant Group Stock Chart
Comments: Nobody knows why this stock is moving higher. Don’t like chasing stocks without a clear catalyst. Not saying one isn’t there, just not one that I’ve found. Could (Read More….)
The stocks below have formed a bullish divergence between the Twiggs Money Flow and price on November 21, 2016.
Aceto Corp Stock Chart
Comments: Coming up to horizontal resistance (red line). Breakout of horizontal resistance will take the stock to $21.50, a quick cha-ching play.
CVR Partners Stock Chart
Comments: Broke above 50-day (Read More….)
A massive divergence has formed on the chart of Ryerson Holding Corporation. We have three months of a down trending stock while the Twiggs Money Flow has been uptrending.
We also have recent insider buying.
This stock is looking good as we wait for a pop. Resistance is at the 50 day moving average (Read More….)
Ryerson Holding Corporation stock is oversold with a P/E of 8.54. The rising Twiggs Money flow looks awesome as it suggests traders are accumulating the stock on pullbacks.
There is lots of recent insider buying in the stock.
Disclosure: I do not hold any position in RYI.
The Hain Celestial Group has a nice looking technical chart pattern of a rising Twiggs Money Flow while the stock has been basing.
For the last 5 years, both earnings and revenue have been rising. The stock trades at a P/E ratio of 18.25
Disclosure: I do not hold any position in HAIN.
Embraer S.A. is surging higher off a multiple bottom pattern. The Twiggs Money Flow is exploding higher.
The stock trades at a smoking hot forward P/E of 11.26.
The catalyst driving the stock higher is that Embraer’s commercial aircraft deliveries are up 38% in Q3 2016.
Last week was the biggest IPO week of the year with four companies launched. Next week could be even more significant as six companies are on the IPO calendar.
The IPO market is looking healthy. Below is a chart of the Renaissance IPO Index which is a market-cap-weighted basket of newly public companies.
The (Read More….)
The Twiggs Money Flow on the S&P 500 has absolutely plunged. How is this market staying up?
The Bears strengthened their dominant position over Bulls today as evidenced by the falling money flow on the S&P 500.
No institutional buying was detected today on the TICK. Why isn’t the smart money buying and loading the boat on this market pullback?
The S&P 500 High Low index continues to plunge.
I went short the S&P 500 today. More precisely, I went long UVXY.
Today’s upward move on the S&P 500 was a pathetic show of force from Bulls. Check out how the Twiggs Money Flow barely moved higher on the chart.
You can see just how pathetic the upward move was today on the (Read More….)
China could be coming back into play by year end and be a catalyst for pulling U.S. markets lower.
The China Shanghai Composite Index is very close to breaking back below the 200 day MA. The money flow on the Shanghai Index is dropping rapidly which is bearish for Chinese markets.
A weaker China (Read More….)
The S&P 500 has broken its weak uptrend channel and is now in a sideways channel between 2150 and 2195.
The falling money flow is a big warning sign for markets.
I don’t see a catalyst that is going to take the market through 2195 right now. The S&P 500 has recently hit record (Read More….)
The S&P 500 continues to trade within a brutal, tight, slight uptrend channel.
Trying to time a short or volatility trade against this market has been a fools game. Going all-in on the long side has also not worked very well. It’s like the market is a wet dog right now shaking off the (Read More….)