One thing I am fond of is creating my own indicators, and today’s chart features one of my many favorites – the Fed Sweet Spot Indicator. As the Fed is pressing on with monetary policy tightening, and as heightened volatility permeates the markets, it’s a great opportunity to revisit this indicator and what it is…
It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium were up a nickel each from last week. According to GasBuddy.com, California has the highest average price for Regular at $3.50 and San Francisco, CA is the most expensive city, averaging $3.61. Arkansas…
Okay, the U.S. Trade Representative’s office has published the list of Chinese products that will be subject to U.S. tariffs. Long story short, this is the list that goes along with the 301 probe – Lighthizer had until Friday to publish it. As discussed previously, the idea here is to hit China on the whole “Made in…
Ask five people you see today what “Cambridge Analytica” means to them, and I bet you’ll get four blank stares. Maybe one paranoid person (who’s ranted to you about the Deep State) will know that it’s a British firm that supposedly exploited data on 50 million Americans to influence the 2016 election. The other four?…
There are multiple signs and reasons suggesting that the Trump administration will soon reach a comprehensive trade deal with China, resulting in a market rally. Specifically, President Trump has always been a deal maker, and many of his actions as president, from his decision to block DACA in order to reach an immigration deal to…
Today’s action didn’t break the bounds of Friday’s range but did create a scenario where solid swing lows develop; bullish harami crosses are one of the most effective swing low markers. The best opportunity can be found in the Nasdaq 100. A rally from here would suggest the makings of a trading range which I…
Wyndham Worldwide Corporation (NYSE: WYN) trades at a P/E multiple of 13.1x, which is lower than the Consumer Discretionary sector median of 18.7x. While this makes WYN appear like a stock to add to your portfolio, you might change your mind after gaining a better understanding of the assumptions behind the P/E ratio. In this article,…
Big Sell-off On Monday There was a sharp decline on Monday in which the S&P 500 fell 2.23% and the Nasdaq fell 2.74%. The VIX was up 18.28% to 23.62. The S&P 500 fell to 2,554 in the afternoon before rallying a bit near the end of the trading session. It closed about 1 point above the February…
It was generally a quiet day, with no macro news and equities range-bound, seemingly spooked by the ongoing verbal war between Trump and Jeff Bezos, where first in a tweet then a White House press conference, the president warned that US taxpayers will no longer subsidize Amazon “by the billions.” And, as has been the…
Wall Street managed to squeeze out the Spotify IPO today at a high price that declined steadily through the trading day. But the wiseguys achieved the relatively calm market that was required to bring this ‘direct IPO’ out. Stocks had a wobbly start with an upward bias towards the end of the day, finishing slightly…
