(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are occasionally posted on…
■ Stocks increase as June’s Nonfarm indicates 287K jobs added to U.S. economy ■ S&P500 adds 1.5% Fri to a hair below the index’s all-time record high ■ Positive NFP momentum aids E.U. equity to continued gains ■ June minutes reveal a dovish Fed, eroding rate hike woes ■ Oil prices fluctuate amid DoE/API crude…
The U.S. dollar showed strength last week. Non-farm payroll released on Friday indicated that the labor market had snapped back from a downwardly revised 11k jobs (-6k private sector) to 287k (265k private sector), the strongest employment gain in eight months. The dollar advanced against most of the major currencies, except the yen and the…
In an industry where anything could happen, surprises—often unwelcomed—are hard to come by. Oil is exactly such an industry at the moment. No one is sure where oil is heading, near-term forecasts range from $20 to $80 per barrel by the end of the year, and there are just too many wild cards on the scene. So, in a…
The price of WTI Crude Oil (CFD: USOil) traded at its lowest levels in 42 trading days or since May 11. The shortened week showed dual risks building up as inventory showed less demand than anticipated. The weak DOE data on Thursday was followed by a strong Non-Farm Payroll that may act as a boost…
DFA Global Allocation 60/40 I (DGSIX – MF report) a Zacks Rank #1 (Strong Buy) seeks total return consisting of capital appreciation and current income. DGSIX invests its assets in domestic and international equity underlying funds and fixed income underlying funds to achieve an allocation of approximately 40% to 80% of the 60/40 Portfolio’s assets to domestic…
This week’s calendar includes a pretty normal schedule, but not the most important economic reports. There will be an abundance of FedSpeak, with questions about last Friday’s employment data. Despite this, the real story will be the start of earnings season. Expectations are pretty low. Statements about the outlook are always important, but that is…
It’s been almost 10 years in the making, but the fate of one of Europe’s most important financial institutions appears to be sealed. After a hard-hitting sequence of scandals, poor decisions, and unfortunate events,Visual Capitalist’s Jeff Desjardins notes that Frankfurt-based Deutsche Bank (DB) shares are now down -48% on the year to $12.60, which is a record-setting low. Even…
Charles High Smith writes, “In the conventional investment perspective, risk-on assets (i.e. investments with higher risks and higher potential returns) such as stocks are on a see-saw with risk-off assets (investments with lower returns and lower risk, such as Treasury bonds). When risk appetites are high, institutional managers and speculators move money into stocks and high-yield junk bonds, and move…
1. Market Update The Brexit vote was a surprise but my alternative scenario for this unlikely event was a bull’s-eye. Gold immediately spiked sharply higher and met some profit taking around $1,350. Now two weeks later it’s even higher and in a strong uptrend. Gold knows that all these new uncertainties as well as the…
