January 3, 2017: Detected trend of swing traders playing Argentina banks. Banco Macro is one such swing trade. Banco Macro has a P/E of 9.56, and a forward P/E of 8.68.
Banco Macro Stock Chart
Banco Macro S.A. provides various banking products and services to individuals, entrepreneurs, and corporate customers in Argentina.
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….)
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 (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….)
I’ve received many questions from nervous traders about what my thoughts are on piling back into gold. A rising US dollar is why you need to stay away from gold IMO.
Macroeconomics of Gold and the US Dollar
Gold is primarily priced in US dollars. When the US dollar goes down in value, it (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….)