The Stock Whisper Of The Day: SPY, SCTY, GSK, BCS, UBS, XLF, AAPL
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Monthly Archives: February 2016
Pause For The Cause
Well, today’s the day they roll the old biddy out in front of Congress to say whatever she’s going to say to try to keep the house of cards from collapsing a few more weeks, days, or hours. I’m not as worked up about these things as I used to be, since central bankers are…
EUR/USD And GBP/USD Forecast – February 10, 2016
EUR/USD The EUR/USD pair initially fell during the day on Tuesday but found enough support below the 1.12 level to turn things around. In fact, we even got above the 1.13 level at one point, and that suggests that we are going to continue to see quite a bit of buying pressure. I believe that…
Morning Call For February 10, 2016
OVERNIGHT MARKETS AND NEWS March E-mini S&Ps (ESH16 +1.01%) are up +1.03% and European stocks are up +2.67% as crude oil (CLH16 +2.18%) rallied +1.65% and bank stocks climbed. Bank of America, Citigroup and Morgan Stanley were all up at least 1.5% in pre-market trading ahead of Fed Chair Yellen’s testimony on the economy to the House…
When Oil Goes Down, What Stocks Go Up?
So you made a huge boo-boo and decided to buy a whole bunch of energy companies in your portfolio because they are currently valued as “cheap” due to a high oil supply and low prices. It’s simple economics; the supply of oil is extremely high and will be for quite some time so naturally the…
European Banks Soar On Rumor ECB May Monetize Bank Stocks; Japan
While algos patiently await the only thing that matters for US stocks today which is Janet Yellen’s testimony before Congress expected to be released at 8:30 am (and previewed here), the rest of the world this morning is a hot mess of schizophrenic highs and lows. One look at Asia this morning and it was more…
GBP/USD Aims At 1.4591 Level On Bullishness.
GBP/USD: Having halted its weakness to close higher on Tuesday and followed through higher on Wednesday, GBP/USD aims at 1.4591 level on bullishness. Support lies at the 1.4450 level where a break will turn attention to the 1.4400 level. Further down, support lies at the 1.4350 level. Below here will set the stage for more…
E
The top mid cap sectors are utilities and consumer goods. Packaging and containers is the best scoring industry. The average mid cap score is 50.91, which is below the four week average score of 52.61. The average mid cap stock is trading -34.23% below its 52 week high, -15.3% below its 200 dma, has 6.33…
S&P 500 Drawdown Below 10% For First Time Since 2012
The positive bias to the US stock market over the long run means that drawdowns rarely exceed 10%. But this isn’t one of those times. The S&P 500 (SPY) is posting a decline in excess of 10% from the market’s previous peak, offering one more sign that the trend is weak—the weakest, in fact, in several years,…
Fed’s Bag Of Tricks: Op-Twist 2?
Yesterday we reviewed the Scariest Chart in the World, an overly sensational tongue in cheek title for a chart that has bearish historical implications for the S&P 500. Here it is again. Whether the Fed is looking at this exact combination of data points or something similar, you can bet they are aware that things have…