In this past weekend’s newsletter, I discussed the potential for an end to the current bull market cycle. It was not surprising that even before the “digital ink was dry,” I received emails and comments questioning the premise. It is certainly not surprising that after one of the longest cyclical bull markets in history that individuals are ebullient…
Monday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Bank of America (BAC) Long MGM Resorts (MGM) Short Vipshop Holdings (VIPS)
Movies can have quite predictable plot lines that we know in advance – but we love them anyway. It could be a romance, where the girl is going to end up with the right guy through a series of improbable events, even though that looks impossible to begin with. It could be an action movie,…
A report by the Schwab Center for Financial Research mentioned a trifecta of concerns drove stocks lower last week, including an announcement by the Trump administration that it would impose roughly $50 billion in tariffs on imports from China. The news came amid concerns about procedures social media firms use to protect the data of…
A report by the Schwab Center for Financial Research mentioned a trifecta of concerns drove stocks lower last week, including an announcement by the Trump administration that it would impose roughly $50 billion in tariffs on imports from China. The news came amid concerns about procedures social media firms use to protect the data of…
Picture, if you will, a group of slaves owned by a cruel man. Most of them are content, but one says to the others, “I will defy the Master.” While his statement would superficially appear to yearn towards freedom, it does not. It betrays that this slave, just like the others, thinks of the man…
In the video I cover a few themes in detail: 1) The recent breakdown and key support levels to look for in the two strongest US Stock Indexes 2) What our Risk Gauges are telling us right now 3) The key level in Gold that would indicate more trouble ahead
The Advance Report on Manufacturers’ Shipments, Inventories, and Orders released today gives us a first look at the latest durable goods numbers. Here is the Bureau’s summary on new orders: New orders for manufactured durable goods in February increased $7.4 billion or 3.1 percent to $247.7 billion, the U.S. Census Bureau announced today. This increase,…
Shares of home improvement retailer Lowe’s (LOW) jumped in pre-market trading after the company announced that its long-time chief executive officer will retire from the company. SUCCESSION PLANS: Lowe’s said this morning that Chairman, CEO and President Robert Niblock will retire from the home improvement retailer as soon as the company is able to secure…
The U.S. stock market indexes lost between 1.8% and 2.1% on Friday, as investors’ sentiment remained very bearish following Thursday’s sell-off. The S&P 500 index broke below the level of 2,600, as it got closer to its February 9 local low of 2,532.69. It currently trades 9.9% below January 26 record high of 2,872.87. The Dow…
