T2108 Status: 54.1%T2107 Status: 48.2%VIX Status: 14.2 (a 20% jump!)General (Short-term) Trading Call: Start selling bullish positions. Aggressive bears can open fresh shorts.Active T2108 periods: Day #35 over 20%, Day #33 over 30%, Day #30 over 40%, Day #28 over 50% (overperiod), Day #3 under 60% (underperiod), Day #105 under 70% Reference Charts (click for view…
Source: Wikimedia Dear Diary, New York is filling up with holiday shoppers and tourists. On Saturday, we went to the Broadway show Jersey Boys. It was not an especially complex or subtle storyline. But the music, of Frankie Valli and The Four Seasons, was lively and agreeable. It took us back to the early 1960s. Those…
Here’s one of my first principles: Everybody who works in the for-profit world should own or start a business. Now that I’ve said that, I’d like to spend most of the rest of this post describing all of the terrible things about starting or owning your own business. Entrepreneurship requires ignorance. Entrepreneurship induces anxiety and…
The EUR/USD pair showed signs of life below the 1.23 level during the Monday session as we turn things back around and form a little bit of a hammer. That being the case, it looks as if the market is ready to continue bouncing a little bit in this particular area, but ultimately we feel that it’s…
The average return of our best scoring ADRs from 1-year ago (12/9/2013) returned % in the past year, with no turnover. That generated 251 bps of excess to the MSCI EAFE index. The best performers from our list last year include SIG up 71%, SHPG up 60%, and IRS up 41%. The average ADR score is 49.16, which is…
Just a few short months ago, investors were “buy buy buy”-ing the fact that The Baltic Dry Index had resurged off multi-year lows ‘proving’ China’s renaissance and that world economic growth will re-approach Nirvana. Simply put, with collapsing commodity prices (iron ore for instance) and massive fleets of credit-driven mal-investment-based vessels, it should surprise no one that…
Gold is hated more than ever by both governments and the financial services community. This is because it has now become imperative to keep the illusion of confidence in sovereign debt and paper currencies. To that end, a gentleman by the name of Willem Buiter, Citigroup’s chief economist, shot into the media spotlight by writing…
I posted over the weekend that it was make or break time for the indexes. It appears that it might be break time. All of the indexes with the exception of small caps (RUT or IWM) issued a consolidation warning at the close today. A consolidation warning occurs when Twitter or StockTwits momentum breaks its confirming…
Paul Simon says it best when you’re talking about the action in the oil markets lately: Oil just keeps ‘slip slidin’ away. Prices are at levels not seen since 2010. This startling price action is causing fascinating reactions in a broad number of industries and sectors. One particularly interesting reaction is that of the automobile…
