Nasdaq OMX Group (NDAQ) has recently announced a few changes to the Nasdaq 100 index as part of their annual rebalancing schedule. The benchmark will remove stocks such as Expedia (EXPE), F5 Networks (FFIV) and Maxim Integrated Products (MXIM) from its index composition, while American Airlines Group (AAL – Snapshot Report), Electronic Arts (EA –…
For old time’s sake… What a week!! WTI’s best day in over a year S&P 500 2nd best week in 2 years Dow’s best 3-day run in 3 years USD at 8 year highs The Dow rips over 800 points off its lows in 3 days, S&P over 100 near record highs.. before a weak…
Gold and silver marked time today. Next week will be short and quiet, unless *something happens.* The economic calendar has a few things on it. It is included below. Russia added 600,000 ounces of bullion to its gold reserves in November. The major preoccupation of the mainstream media this holiday season is the ability of Americans…
Biotech Stocks Rally to New Highs After 4% Correction Buyers Are Bottom Feeding Energy Stocks NASDAQ at 4765 Just as the market appeared to be headed to another test of October lows, challenged by news on slowing global growth and a collapsing energy sector, FED Chair Janet Yellen calmed the markets saying it would be…
For more than half a century, U.S. companies were restricted from conducting any business with Cuba, and constraints on travel were imposed as well. However, on Wednesday, President Obama took a historic step by re-establishing diplomatic relations with Cuba. Also, a series of other actions, intended to ease travel and trade restrictions, were announced. Specifically,…
CLICK ON CHART TO ENLARGE One year ago this week, the Power of the Pattern suggested interest rates were due for a BIG CHANGE and members purchased TLT! Patterns suggested a interest rate decline/bond rally was due, while 100% of economist were predicting rates would do the opposite. (see post here) The S&P is having a good…
Industries change. Companies change. Valuations change. It should come as no surprise, then, that sector behavior in the stock market can change as well. Let’s take a look back at the ten S&P 500 sectors since data became available in October 1989. Defensive vs. Cyclical We generally break down the sectors into two main categories…
As expected. Have a pleasant weekend.
I went long crude oil earlier today, but this isn’t a long-term trade. I think that USO, shown below, has a good shot at closing the gap, but it’s likely to resume its much broader downtrend.
Catching up on Uncle Buck and Johnny Yen, we return to the monthly comparison chart. Yen continues to search for a low to bounce from if it is going to follow the buck’s bounce plan at orange arrow #3. It is at support. If it bounces and if it goes the USD’s script, it would…
