Opportunities are knocking at our door friends! I’ve been sharing the Power of the Pattern with customers for the past 20-years. In my humble opinion, some really nice opportunities (based on price, momentum and sentiment) are forming for investors around the world. Below is two of the dozens of rare patterns I am seeing, that…
Today’s payrolls report from Washington is ugly. The crowd was expecting that today’s jobs report from the Labor Department would show that US companies added 200,000 positions in September. Instead, today’s release shows that private payrolls increased by a weak 118,000. The good news is that the year-over-year trend is still ahead by a solid 2.2% through…
The Sentier Research monthly median household income data series is now available for August. The nominal median household income was up $576 month-over-month and up $$2,753 year-over-year. That’s an increase of 1.0% MoM and a 5.2% YoY increase. Adjusted for inflation, the latest income was up $615 MoM and up $2,637 YoY. The real numbers equate to…
This past week saw the markets retest its lows. So far, those lows have held for now but the deterioration in market internals suggests that the danger is not over as of yet. As I stated earlier this week: “As you will notice, the reflexive rally, and subsequent failure, have tracked the original predictions very closely…
The Chart of the Day is Cantel Medical (NYSE:CMN). I found the medical instruments stock by using Barchart to sort the Russell 3000 Index stocks for stocks with a Weighted Alpha of at least 50.00+ and Barchart technical buy signals of 80% or better. Since the Trend Spotter signaled a buy on 9/29 the stock gained 2.64%. Cantel Medical Corp. is…
AUD/USD: The pair rejected upside offensive to close marginally higher on a rejection candle on Thursday. It is now seen following through lower on bear pressure. On the downside, support resides at the 0.6950 level where a breach will aim at the 0.6900 level. Below that level will set the stage for a run at…
What are these people so terrified of? Clearly the markets are not allowed to have even a normal correction before the Central Banksters leap in with more stimulus. This morning, China stepped up their game by directing their banks to “support” infrastructure projects (more empty cities and airports will fix everything!) with a new round of bond issues. The China Development…
There is nothing good that can be said about the US jobs data. It was simply dreadful. Every metric disappointed, and the August series which so often is revised higher, came in lower. This will raise fresh doubts about the US economy and the ability of the Federal Reserve to raise rates, not just this month,…
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There are a number of great companies in the market today. By using the ModernGraham Valuation Model, I’ve selected the ten lowest PEmg (price / normalized earnings) companies reviewed by ModernGraham. Each company has been determined to be undervalued and suitable for the Defensive Investor according to the ModernGraham approach. Defensive Investors are defined as investors who are…
