The Chart of the Day is Hawaiian Holding (NASDAQ:HA). I found the stock by sorting the All Time High List for new high frequency in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/20 the stock gained 64.49%. Hawaiian Holdings is a holding…
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There is a yawning gap taking place between high yield instruments (such as HYG and JNK) versus the equity market in general. My view is that this spread will reconcile, which is a polite way of saying that stocks are prone to some hard-core selling. Even from a great distance, viewing years of these two…
Congress is cutting a deal to allow retiree benefits to be cut. As you may recall, Congress responded to business lobbying by allowing their pension plans to make outrageously optimistic assumptions about future returns, so the corporations could divert more of their money from pension contributions to short term profits. Now that corporate profits are at…
Last week, OPEC failed to cut production quotas – though it didreveal its own irrelevance. Now, for the first time since 1972, oil prices are being set by the free market, not by a producer cartel. That means much lower oil prices, along with some surprising winners and losers. On top of that, we’re seeing…
UPDATE: WTI just hit a $58 handle… The overnight stability (and brief dead-cat-bounce this morning) has turned into a renewed bout of selling pressure and for the first time since July 2009, WTI has broken below the $60 level. Canada Heavy is trading $42.10 (down almost $4 today!), its lowest since April 2009. Energy credit…
In recent months we have had plenty of news around the current state of the Chinese economy. The golden times of growth for the Asian country seem to be behind it and the government is trying to cope with an economy that has been losing momentum. The macro figures of the past few weeks have…
The times are few and far between that I am in agreement with Senator Elizabeth Warren’s brand of Big Government liberalism. But I do applaud her willingness to stand up to the Wall Street lobby machine; her capacity to recognize and call-out out the egregious gambling dens that have metastasized there; and her insistence that never again should the hard-pressed taxpayers…
“What goes up must come down spinning wheel got to go round Talking about your troubles it’s a crying sin Ride a painted pony Let the spinning wheel spin You got no money, and you, you got no home Spinning wheel, spinning all alone Talking about your troubles and you, you never learn Ride a…
GoPro (GPRO) has been breaking down hard over the past several days. We warned about taking a position in GPRO back in October. Our reason was that Twitter momentum was painting a negative divergence and we needed to see price shake out and create a positive divergence. Here’s the chart we posted on 10/13/14. Subscribers to Trade…
