Today’s early close across markets likely means that the blow-off top multiple-expansion mania phase (because forward EPS estimates over the past couple – that means 2 to Janet Yellen fanatics – weeks have in fact declined) of 2014 may be coming to an end. However with already abysmal volumes literally grinding to an early halt at 1:15…
OVERNIGHT MARKETS AND NEWS March E-mini S&Ps (ESH15 +0.06%) this morning are up +0.04% and European stocks are down -0.24% in uninspired holiday trade with most markets closing early for Christmas Eve. U.S. and European markets will also be closed for the Christmas holiday on Thursday. European stocks fell back after France reported Nov jobless claims rose 27,400,…
The EUR/USD pair fell during the course of the day on Tuesday as we broke below the 1.22 handle. This market looks as if it’s ready to continue to go lower and as a result I am a seller. I still believe that the market goes down to the 1.2050 level given enough time, and that rallies…
Each year I set aside some time to reflect on the lessons learned over the past 12 months. I find this exercise to be a prudent use of my time to reflect on missed opportunities, highlight successful practices, and strive to be a better overall investor. I also enjoy looking at past year’s lessons in…
by Erik McCurdy Oil has experienced a true market crash, declining 47 percent following the peak in June. However, the downtrend is declining at an unsustainable rate and the market has become extremely oversold across intermediate-term and short-term time frames. As a result, the decline will almost certainly be followed by a violent oversold reaction,…
The US dollar’s gains scored yesterday in the wake of a strong upward revision in Q3 GDP to 5% have been pared slightly today in extremely thin market conditions. The euro was sold to a new 28-month low (~$1.2165) yesterday and is struggling to re-establish a foothold above $1.22. Encouraged by the US GDP, the backing…
Well despite all the hate mail, accusations, threats, and bad-mouthing not to mention the silent-treatment, gold continues to reflect the real deflationary trend that has engulfed the entire world. The metals promoters keep trying to ignore reality causing many to lose their life-savings. They remain ignorant of the fact that the dollar has become…
For today’s Bear of the Day I wanted to do something different. Rather than find a company with a poor Zacks Rank that’s been beaten down, I thought I would experiment a bit. Today I ran a screen with the same criteria I use to find great momentum stocks, only I flipped it on its…
Japanese stocks rallied and the dollar stood tall on Wednesday thanks to surprisingly robust U.S. economic growth, helping investors head into the Christmas holidays in a more relaxed mood after the global markets turbulence of the past two weeks. Risk appetite got a helping hand from revised data showing the U.S. economy grew at a 5.0…
