Monthly Archives: July 2015
A Dead Paper Cat Bounce In Gold?
This is where the Fiat Paper and the Physical Market clash and the manipulation of Gold stops working…and the price of Gold explodes upward. The biggest fear a shorter has, is that physical demand will cause a mismatch and there won’t be enough physical to sell. The COMEX only has $500 mio registered gold available for delivery….impossible…
Technically Speaking – Bulls Make A Comeback
Last week, while on vacation, I discussed the reflex bounce from critical market support levels as the headlines blared that “Greece was saved” and “China rescued their markets.” To wit: “However, as has been the hallmark of the financial markets, Central Banks, and Government officials “raced to the rescue” to ensure a continuation of “market stability.” In the case of China, a swift intervention of…
Before This Year Is Over
I firmly believe we are going to see a surge in the VIX to the mid-20s. Until then, I am shorting, and shorting, and then shorting some more. If and when we reach the happy day when something resembling the chart below is realized, I shall finally cover.
5 Undervalued Companies For Value Investors With A High Beta – Ju...
There are a number of great companies in the market today. By using the ModernGraham Valuation Model, I’ve selected the five undervalued companies for value investors reviewed by ModernGraham with the highest beta. A company’s beta indicates the correlation at which its price moves in relation to the market. A beta greater than 1 indicates a…
Transportation Sector In Trouble – What Are The Implications?
A Possible Economic Red Alert We have already remarked on the growing divergence between the Dow Jones Transportation Average (TRAN) and the Dow Jones Industrials Average (DIA) on previous occasions. These two stock averages marked the beginning of technical analysis as we know it today. Charles Dow compared the action in the averages over the…
EC The Four To
This chart series features an overlay of the Four Bad Bears in U.S. history since the market peak in 1929. They are: The Crash of 1929, which eventually ushered in the Great Depression, The Oil Embargo of 1973, which was followed by a vicious bout of stagflation, The 2000 Tech Bubble bust and, The Financial Crisis following the record high in…
Infosys Beats Q1 Earnings, Revenues On Contract Wins
Infosys Technologies Ltd. (INFY – Analyst Report) reported first-quarter fiscal 2016 earnings per ADS of 21 cents, which exceeded the Zacks Consensus Estimate of 20 cents but came in line with the year-ago quarter figure. The results were mainly attributable to the strong revenues. In addition, the company’s relentless investments in innovation have contributed toward improving relationships with…
Great Graphic: Dollar Index Reverses
The Dollar Index is staging a potential key reversal. It set a marginal new high for the move and now has reversed low to take out yesterday’s low, as this Great Graphic from Bloomberg illustrates. We had suggested that the recent advance had left technical indicators stretched. We also observed that despite the talk of monetary policy divergence, US rates had…
Charting The Slow, 30-Year Death Of The US Middle Class In A Glob
When it comes to the favorable aspects of capitalism, one thing is clear: with the largest concentration of millionaires and billionaires from around the globe, the US is second to none when it comes to letting the entrepreneurial spirit flourish and rewarding it (and letting the rich get even richer). Unfortunately, when it comes to…