Despite the stock market’s Amazon-bounce gains, US Treasury yields are lower and the yield curve flatter once again – tumbling to its flattest since Oct 2007. Deja vu all over again… 10Y Yields are holding below 2.80%… And the yield curve has crashed to fresh flats not seen since Oct 2007… The entire curve is rolling…
You can see, at a glance (monthly charts below of FOXA, CMCSA and TWX), which media giants are leading or lagging each other overall…they are all at or below their respective major resistance levels. The only one whose momentum indicator is above zero on this long-term timeframe is FOXA…if it plunges and falls below zero, no doubt the others will weaken further. On the flip side,…
The stock market’s positive tone quickly evaporated after the expected quarter-point hike in the Fed Funds rate on March 21st. Markets love certainty; the latest rate increase was the sixth since the FOMC started raising rates in December 2015 and baked into the market cake. As such, a short relief rally ensued. With certainty past,…
The 180-day lockup period for CarGurus, Incorporated (CARG) ends on April 10, 2018. (Source: Nasdaq.com) When this six-month period concludes, the company’s pre-IPO shareholders will have the ability to sell their more than 67 million currently-restricted shares. (Source: S-1/A) The potential for an increase in the volume of shares traded on the secondary market could negatively…
The test of the resistance line, the triangle apex reversal, the a-b-c waves in the zigzag pattern… What connects them? Give us 28 paragraphs and 975 words and you will see that these seemingly mismatched concepts will form a meaningful and promising scenario. Technical Analysis of Crude Oil Let’s start with the well-known daily chart (charts…
The third estimate of fourth-quarter GDP is 2.9%, up 0.4 percentage points from the second estimate. The BEA revised its Fourth-Quarter 2017 GDP estimate to 2.9%, topping the consensus estimate of 2.7%. Rick Davis at the Consumer Metrics Institute provides this summary. The boost in the headline number resulted from upward revisions to contributions from consumer spending (+0.17%) and…
Tesla Inc. (Nasdaq: TSLA) is the latest Wall Street darling to be ravaged by bears due to an onslaught of negative headlines. The deadly Tesla crash in California has sparked a regulatory investigation, which is only adding to the liquidity concerns and worries about the Model 3 ramp. Tesla stock plunged to its lowest level in…
With all the focus on bitcoin lately, we’ve added a new weekly update that tracks the three largest cryptocurrencies by market share: bitcoin, Ether, and Ripple. According to Wikipedia, a cryptocurrency is “a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional…
Top tickers for midday: BAC, RIG, AAPL, FB, AMD, C, MSFT.
Top tickers for midday: BAC, RIG, AAPL, FB, AMD, C, MSFT.
