John Melloy, CNBC’s investing editor, discusses the Mega Phone pattern in this Video and goes into more detail in an article he wrote (see here). The one things that continues to get my attention is this… The Dow created the second largest monthly bullish wick in the past 10-years, last month at the top of…
On Thursday, Nasdaq welcomed The Habit Restaurants, Inc. (HABT) to its ranks: Nasdaq (NDAQ) announced that trading of The Habit Restaurants, Inc. (HABT) commenced on The Nasdaq Stock Market on November 20, 2014. The Habit Restaurants, Inc., operator of The Habit Burger Grill, is a burger-centric fast casual restaurant concept that specializes in preparing fresh,…
It looks like the Dutch brought back 120 tonnes of their gold from New York while no one was looking. Meanwhile Germany patiently waits, for years, and the Swiss dither. The Wall Street Banks thank you for your patience. Have a nice day. DutchNews.nl Dutch bring 120 tonnes of gold back to Amsterdam from New York November 21, 2014 The Dutch…
Source: Wikipedia Dear Diary, The Dow is still pushing higher. Gold is back below $1,200 an ounce. The US economy appears stable. The stock market – which is supposed to know all, see all and understand nothing – tells us it is clear sailing ahead. We are fools to believe it; perhaps we are fools if…
Nearly everyone in investing has heard the axiom: “the trend is your friend”. This popular rhyme is generally used to convey confidence in an investment theme, and underscore a historical penchant for price direction. As a believer in trend following, I am drawn to moving averages and statistical evidence supporting my investment thesis. In…
Written by Gary Premarkets were up +0.8% this morning with noticeable volume which translated into a gap up at the opening. Markets opened in the +0.8% range on high volume setting new historic highs for the DOW and the SP500. By 10 am the Nasdaq was within 10% of its historic highs set in 2000 and…
Marvell Technology Group (MRVL – Snapshot Report) reported third-quarter fiscal 2015 adjusted earnings (including stock-based compensation but excluding amortization, acquisition, restructuring and legal related expenses) of 23 cents per share, which beat the Zacks Consensus Estimate of 22 cents. Earnings declined both sequentially and year over year, mainly because the company adjusted tax benefits in both historical periods….
There are things going on with the financial markets currently that seem just a bit “out of balance.” For example, asset prices are rising against a backdrop of global weakness, deflationary pressures and rising valuations. More importantly, there is a rising divergence between sentiment and hard data. For example, on Thursday the Philadelphia Federal Reserve released their…
#1 QUESTION: Mr. Armstrong, do fundamentals really matter? It seems like the commentators can focus on whatever they want flipping it bullish or bearish based upon their views at that moment. Thanks for all you do MK #2 QUESTION: Hi Martin, Thank you for all that you do. I have truly been enlightened to the gold…
Goldman may have been right that there will be no more multiple expansion in 2015, but there sure was quite a bit overnight thanks to the latest verbal and actual central bank interventions by the ECB and the PBOC. And as a result, the biggest beneficiary is the S&P500, which is set to open just around…
