The June natural gas contract settled up a few ticks on the day despite the rest of the summer strip being generally flat, as we saw another slow day of natural gas trading. This has certainly been the trend of late, with the June/July M/N natural gas spread increasing significantly despite relatively stable prices at…
The roller-coaster ride continues with alternating up and down days (or hours) measured in the hundreds of Dow points. Just over a week ago the Dow gained 5 points and the S&P 500 lost 6. Moves barely noticeable, one would think. Not mentioned on my newscast was that around mid-day the Dow was down 400…
No, this piece is not about the TV reality show that has a gruff lot of hopeful entrepreneurs blindly bidding for the contents of abandoned storage lockers. With hyper-accelerating technology creating data at an exponential rate it is getting far too big to physically store. In 2017, more than $80 billion was spent on data…
The Fang Stock Index at 990 is less than 1% from its all-time highs. The S&P 500 is also only about 5% from its all-time highs. FANG stocks are hinting they have the ability to quickly lead the market back to its uptrend. Market Shaking Off All The Macro Noise We’ve been saying S&P 500 ETF SPY’s level of…
Real Income Growth Is In Decline The labor market is one of the most important factors which affect the markets because it determines Fed policy and it determines personal income growth which is the money the consumer uses to make purchases. Of course, the consumer can borrow money, but people aren’t qualified nor able to…
Yesterday we reported that according to Goldman Sachs, creator of the Hedge Fund VIP Basket of 50 most popular stocks among the hedge fund community, the recent underperformance of this basket… … coupled with the disappointing response to stocks beating in Q1 earnings season, was a growing threat to market stability as it portended that a liquidation…
A review of the day’s trading in precious metals markets. Video Length: 00:10:56
Roku (ROKU – Free Report) just released its first quarter financial results, posting an adjusted loss of $0.07 per share and revenues of $136.58 million. Roku is currently a Zacks Rank #3 (Hold), which is subject to change based on today’s results. Shares of Roku have plummeted over 23% over the last 12 weeks. The newly public…
The S&P, Dow Jones Index and Russell 2000 all delivered clean breakouts on bullish technicals. Best of the Breakouts was probably the Russell 2000.The only disappointment was the relative loss against the Nasdaq. However, the index is ready to challenge January highs and resume the prior bullish trend. The S&P edged its breakout on…
