The Chart of the Day belongs to Tribune Publishing (NYSE:TPUB). I found the stock by sorting the All Time High list for stocks hitting the most new highs in the last month. Barchart does not give ratings on stocks until they have been trading for at least 6 months so this one may be a…
Not sure what to make of today. The recovery didn’t look like one based on merit and will be vulnerable to early morning weakness. The Russell 2000 went from trading range support to resistance as it finished with a bullish engulfing pattern. The strength of the pattern is weakened by the lack of oversold conditions….
Curious how over the past 6 years we got to a point where the market is now so irreparably broken, even the BIS couldn’t take it anymore and threw up all over the the world’s central bankers? Then look no further than the following chart summarizing 6 years of global central bank liquidity injections that…
How ever-loving stupid do they think we really are? Goldman’s plenipotentiary at the New York Fed, William Dudley or B-Dud, has been running around pointedly emitting a new word signal called “patient” rather than “considerable time” to describe the Fed’s interest raising plan. Then right on cue, his alter ego back at Goldman central, Herr Hatzius, yesterday dug…
I just returned home from the 20th Annual Global Indexing & ETFs Conference in Scottsdale, Arizona. Popular topics included moving beyond cap-weighted index funds, the growing search for yield and the increasing role of volatility in the management of risk. The conference organizers had asked me to participate on the volatility panel and the moderator…
Deals and Financings WuXi PharmaTech (NYSE: WX), China’s largest CRO/CMO, has filed to list its chemical manufacturing subsidiary, SynTheAll Pharmaceutical Co. Ltd., on China’s Third Board, a two-year old electronic OTC exchange (see story). Although it has submitted a listing application, WuXi said it may not conduct an IPO for STA immediately after approval. WuXi further explained…
As markets have been inching down on Tuesday, a particular stock took a pretty hard hit. After releasing its financial results for the third quarter, Conn’s, Inc. (NASDAQ:CONN) stock slid by 41% in intraday trading, making the company the top loser on Tuesday. As investors have been unloading shares, the trading volume amounting to more than…
“Davidson” submits: Economic data speaks volumes! It indicates that investors should weather any volatility till the data tells us that the economy is peaking. Investors should not pull the trigger on portfolios ‘til’ we see the whites of their eyes’. The BLS Job Openings data in the chart below indicates that we remain at a…
“We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very…
“We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very…
