Has this image been overused over the past few years? No, I don’t think so. We’ve experienced so much nonsense and outright lying from TPTB, if anything the image is underused. On this quadwitching Friday, options expiration seem significant. As I noted for members Sunday and again Tuesday, there was a very large, $1.1 trillion…
Gold and silver moved sharply higher yesterday, after having moved sharply lower the day before. And so were the antics into the options expiration. Smash gold and silver lower, and then cash in the short positions and pick up the intermarket bargains in the miners and the ETFs. There was intraday commentary here on the unseen but…
The dollar rose against all the major currencies over the past week. The divergence meme we have emphasized has continued to unfold. The ECB eased policy at the start of the month. Less than 48 hours after the Fed hiked rates, the BOJ tweaked its asset purchase program to sustain it. Holiday-thin markets make for…
Psst! Wanna know a secret? Interest rates are headed higher. What?! You knew? Well, I bet you also think that bonds are gonna tank. Some will, for sure, But not all. Not every segment of the credit market responds to Fed snugging in the same way. Take a look at the bond ETF universe and you’ll…
The Chart of the Day belongs to Ophthoteck (NASDAQ: OPHT). I found the biopharmaceutical stock by using Barchart to sort the Russell 3000 Index stocks first for the highest number of new highs in the last month, then again for technical buy signals of 80% or more. I used the Flipchart feature to review the charts. Since the Trend Spotter signaled a…
You know the weekend drill! These are all short positions in which I currently have positions, and I’m sharing half of them with everyone and the other half exclusively for Slope Plus premium members. Enjoy!
Yesterday was opening day for Star Wars: The Force Awakens. I went to see it and it was pretty awesome. Lots of spaceships were shooting lasers at each other and blowing up stuff. Stormtroopers were running around and some other people were swinging lightsabers. It was all really cool. In the real world, the Federal Reserve…
USDCHF: Having halted its weakness to close higher the past week, USDCHF looks for more strength on recovery. This is coming on the back of its price halt at 0.9786 level on Dec 14 2015. A buildup on that strength should call for a run at 0.9990 level where a break will set the stage…
“Study the past, if you would divine the future” Confucius Historical analysis of the financials is a crucial part of understanding any company. The problem with most sell side analysts is that they don’t look back far enough – typically viewing two years of history as sufficient. By looking back 10 years or more, an…
