Earlier today, when previewing today’s quad witching day, we casually predicted that a “vol surge” lay ahead. What we really meant was a vol of vol surge, because just over an hour into today’s trading, an HFT algo briefly lost it as it sent the critical VXX ETF (whose continued decline today has assured that the June…
Gold has hit my short term objective of the overhead resistance at 1185, albeit in three of steps. Sprott silver has taken its cash levels up to a much more healthy level with the sale of a bit more silver from its trust. I think a lot of bearish sentiment was leaning into the FOMC…
You have to hand it to Russian President Vladimir Putin. He had us all guessing. The usually highly visible Russian leader disappeared from public view for a week and half, leading to speculation that he was dead or secretly deposed in a coup. Russia being Russia, it wouldn’t be too shocking if Putin actually had been deposed…
I’ve heard just about every argument to be had on why the Dow Jones Industrial Average is a relic of a bygone era. Some point out that the index is too narrow, with just 30 mega-cap stocks. Others point to the antiquated price weighted construction methodology that confounds nouveau index enthusiasts. Still others can’t comprehend the plodding…
Tiffany & Company (TIF), the designer and retailer of fine jewelry, came out with fourth-quarter fiscal 2014 results, wherein earnings of $1.51 per share that fared a penny better than the Zacks Consensus Estimate while rising 3% year over year. Given global uncertainties and stronger dollar, Tiffany expects fiscal 2015 earnings to grow modestly over $4.20 earned…
Have you noticed that some gold investors don’t seem very concerned about the current behavior of gold? While the price remains weak and range-bound, some gold investors don’t seem worried about it at all. The natural reaction to an asset you own losing a third of its value, with seemingly little motivation to move higher,…
We will leave it to the chartists to provide an appropriate name for the formation shown below (mutation unchallenged head and shoulders?) but one that is obvious is that global stocks as measured by the MSCI world index have never been higher, and the global central bank bubbe has now easily surpassed both the dot…
Da Utes Break Da Wedge The Utilities index was shown for subscribers in NFTRH 334 before it had broken out of its bullish looking Wedge. The index had drifted down to support and if one was bullish on T bonds (bearish on interest rates) one might take a trade on a Utes bounce or rebound. …
Here is our top down perspective for Brent Oil (Cash Market) with plain candle charts to understand the big picture in a simple way and to identify the path of least resistance. As usual, we will start out with the monthly timeframe periodicity. With looking at this timeframe, we can actually see that the market…
The three-month average of the Chicago Fed National Activity Index (CFNAI) is expected to decelerate to a +0.05 reading in the February update that’s scheduled for Monday (Mar. 23), based on The Capital Spectator’s median point forecast for several econometric estimates. The projection is moderately below the +0.33 reading for January, which reflected a strong…
