Stocks toyed with the idea two weeks ago, but pulled the trigger last week. What’s that? A significant stumble. After the bullish momentum slowed the first full week back after Thanksgiving, it reversed – in spades. The S&P 500’s (SPY) (SPX) 3.5% pullback last week was actually the worst single calendar-week performance since August of 2011. …
After the worst week for stocks in years, and following a significantly oversold condition, it will hardly come as a surprise that the mean reversion algos (if only to the upside), as well as the markets themselves (derivative trading on the NYSE Euronext decided to break early this morning just to give some more comfort…
EUR/USD Signal Update Last Thursday’s signals expired as although the price did reach 1.2401, there was no bullish price action at this level following the first touch. Today’s EUR/USD Signals Risk 0.75% Trades may only be made between 8am and 5pm London time. Short Trade 1 Short entry after bearish price action on the H1 time…
OVERNIGHT MARKETS AND NEWS March E-mini S&Ps (ESH15 +0.72%) this morning are up +0.80% and European stocks are up +0.46% as energy producers gained after the price of crude oil rebounded from a 5-1/2 year low. An increase in M&A activity is also pushing stock prices higher as PetSmart jumped nearly 6% in premarket trading after…
OVERNIGHT MARKETS AND NEWS March E-mini S&Ps (ESH15 +0.72%) this morning are up +0.80% and European stocks are up +0.46% as energy producers gained after the price of crude oil rebounded from a 5-1/2 year low. An increase in M&A activity is also pushing stock prices higher as PetSmart jumped nearly 6% in premarket trading after…
There are two kinds of Gold & Silver Investors. The first group bought because the prices were rising and they hoped prices would continue to go up so they would book some profit. The second group bought because they realized that something is deadly wrong and that sooner or later the music will stop, the…
As the 24-hour session has progressed, the US dollar and equities have stabilized and turned higher. Indeed as US traders prepare to return, stocks and the dollars are trading near session highs. Oil prices are also trading higher. Core bonds are a bit heavier, and the US 10-year yield has moved back above 2.10%. News that…
by Ida Kubiszewski “At present, we are stealing the future, selling it in the present, and calling it GDP.” — Paul Hawken Imagine if a corporation used Gross Domestic Product (GDP) accounting to do its books: it would be adding all its income and expenses together to get a final number. Nobody would think that’s a very…
The tug of war continues between pension plan participants and outside creditors. As a result, doing business with troubled municipalities may end up costing creditors time, money and headaches. Just a few days ago, Judge Christopher Klein with the United States Bankruptcy Court for the Eastern District of California ruled against Franklin Templeton Investments. By doing so, this asset manager will…
The bottom line for the vast majority of us is that there is an extremely high price to be paid for independence from fealty to the State or Corporate America. It’s jolly good fun to discuss alternatives to the doomed status quo, but what choice do most of us have to participating in the current…
