In our last commentary on the Japanese yen, we wrote that the currency was looking excessively weak against the euro. In particular, we stated that bullish catalysts driving EUR/JPY were at risk as speculator positioning in both long euro and short yen trades were looking extreme. In addition, we flagged changes to the Bank of Japan’s…
Emerging market risk is on the rise and the dollar has undergone huge fluctuations. Let’s tie this back to the origin. President Nixon’s Treasury Secretary, John Connally, famously told famously told a group of European finance ministers worried about the export of American inflation that the “dollar is our currency, but your problem.” On August 15,…
The relative strength of Commodities and Currencies favors higher stock prices. The Short and Medium-Term Trends The short-term uptrend is doing well, and I believe a new medium-term uptrend has started. Breadth indicators continue to support the uptrend. New highs are starting to look healthy, and new lows are at harmless levels. The Bullish Percents…
Nvidia Corporation (NVDA – Free Report) just released its latest quarterly financial results, posting non-GAAP earnings of $2.05 per share and revenues of $3.21 billion. Currently, NVDA is a Zacks Rank #3 (Hold), but that could change based on today’s results. Shares of the company have gained about 13% over the past month, including a 1.7% gain during…
I was recently interviewed by Real Vision where I describe why I like DDD’s long-term prospects. In this post, I look at the current technical condition. On April 30th, 2 days before 3D Systems reported earnings, I sat with Real Vision in their studio in NY and told them why I was recommending this stock….
I’d like to off the following off-the-wall musings as a very different take on the market. It’s a disposition that many, many people share, and perhaps it would help me get in sync with the rest of the planet to actually type what everyone else is thinking. I type this to be neither facetious nor…
Biotechs Underperform and Lag Market Indices on a Good Day-NASDAQ up 0.89% Trading Range Requires Good Stock Picking Skills, XBI is down 0.85% to $89.04. Stealth Buyout with Lilly Acquisition of ARMO BioSciences Biotechs underperformed despite a good opening with the XBI trying to break through the SMA 50 level but fell back around mid-day. Some good news helped…
The reason why we are such big fans of the Dividend Aristocrats is simple. Thanks to their strong brands, durable competitive advantages, and steady growth, they have significantly outperformed the broader stock market. Source: Standard & Poor’s Dividend growth stocks are typically viewed as safe, “widow-and-orphan” stocks that should be held for steady dividend income instead…
This first chart is a daily line chart for GLD which shows it has completed 5 reversal points so far and is working on the all-important 6th reversal point back up to the top rail. This is where the bulls need to step up to the plate. The weekly chart below shows the 2 1/2 year…
U.S. support for the Sunni camp was made clear by the fact that Trump made Riyadh his first foreign stop as president, by his willingness to sell the Saudis $110 billion in military equipment, and by his repeated criticisms of Iran during his speech.Why the United States would want to tilt toward either side in…
