Today USD is bouncing to test the breakdown from the support at 94 (+/-). I am neutral now on USD for the short-term and expect the down channel to eventually find support, per one of the levels noted on the monthly chart yesterday. The down channel is not as bearish as an up channel would be. An…
Just the facts….Commodities have had a rough few years! Below takes a look a the Thompson Reuters Commodities index from 1984 to current, with Commodity Sentiment from Sentiment Trader.com applied. Click on picture to enlarge The decline over the past 4-years has taken this commodity index down to a support line that has been influential to this index…
Despite the fact that earnings have not improved in Q1, companies are still flooded with cash. They use that money to buy back their own stock. Large corporations approved 141 billion dollars in buybacks in the month of April: a record. It was the largest amount announced in a single month, namely, according to money…
You know pot must be legal these days. How else do you explain these non-stop, non-pause moves up in the market on no particular volume? Can everything really be that awesome and what, exactly is it that is awesome in the first place? Yesterday we saw Avon (AVP) jump 20% after a FAKE takeover rumor on an…
The stock whisper of the day is: (GE), (EEM). Video Length: 00:03:22
According to the Office for National Statistics (ONS), unemployment numbers (those without work, registered and seeking employment) have fallen to their lowest level for seven years. The current figure (for the period between January and March) stands at 1.83 million and represents a reduction of 35000 over the previous quarterly reporting period. The UK workforce…
OVERNIGHT MARKETS AND NEWS June E-mini S&Ps (ESM15 +0.12%) this morning are up +0.12% at a new record high and European stocks are up +0.41% as a rally in global bond markets gives stocks a boost. Roche Holding AG is up nearly 3% in pre-market trading after a study showed its experimental immunotherapy for lung…
A few days ago, I wrote about two Net Lease REITs that are seemingly trading at or below sound value: Lexington Realty (NYSE:LXP) and STAG Industrial (NYSE:STAG). I own both stocks, and I consider the durability of both REITs solid, based upon their past and future dividend growth prospects. Dividend growth is something that I’m extremely interested in, especially…
Being successful in the stock trade is not as difficult as it may seem, but then why are some people more successful than others? The simple answer is being human. Professionals in the industry claim that success is more about acknowledging and overcoming your psychological weaknesses as a buyer. People tend to rationalize their irrational…
Was that it for the “reflation” aka Bund-rout trade? One look at German bonds this morning and the sharp, panic selloffs seen in recent days are completely gone making one wonder if the CTAs who were riding the momentum train have all been squeezed out of their long positions and now the trend back to -0.20%…
