In recent months, the dollar has continued to strengthen against all the major peers. The dollar strength is as a result of several factors. First, the US treasuries have continued to climb, with the ten year yields reaching a high of 3%. This was the highest level since 2014. Secondly, there have been a divergence…
Yesterday, I discussed the “compression” of the market being akin to a “coiled spring” that when released could lead to a fairly decent move in one direction or another. To wit: “As you can see in the ‘reddish triangle,’ prices have been continually compressed into an ever smaller trading range. This ‘compression’ is akin to coiling a spring. The more tightly the…
My Swing Trading Approach Some resistance lingering overhead that I note below, and providing issues for the overall stock market. I will consider adding another position to the portfolio today, but won’t allow myself to stretch too far out. I will look to protect profits on existing positions as my #1 priority. Indicators VIX – Fell…
According to a May 2, 2018, article from ETF.com,1 there have been more than 100 exchange-traded funds (ETFs) that have more than doubled their asset totals since the beginning of 2018. However, the fastest-growing one, on a percentage basis, comes from the fixed income universe: the WisdomTree Bloomberg Floating Rate Treasury Fund (USFR(. The fastest-growing ETF year-to-date…
Mutual funds having significant exposure to diversified bonds are excellent choices for investors seeking steady returns with a relatively low level of risk. Investing in funds that maintain a portfolio of bonds issued across a wide range of market sectors, also reduces sector-specific risk. Moreover, investing in diversified bond funds is preferred to individual bond…
WTI/RBOB extended gains overnight (WTI at 3.5yr highs) following Trump’s Iran decision and a surprise crude draw reported by API, and DOE data confirmed the draw (even larger) along with gasoline and distillate draws. US crude production jumped to a new record high. “It’s the time of year when you expect oil draws because refiners start coming back…
Target Corporation (TGT: $71/share) – Closing Long Position – down 13% vs. S&P up 24% Target Corporation was originally selected as a Long Idea on 4/28/15 and reiterated on 1/3/17. At the time of the report, the stock received an Attractive rating. Our investment thesis highlighted strong after-tax operating profit (NOPAT) growth, a rising return on invested capital (ROIC),…
Anyone that follows the market has likely been watching the downtrend that the S&P 500 has been in since the January highs. While the index has repeatedly bounced off of support at the 200-day moving average (DMA), the 50-DMA has been a tough hurdle. In recent weeks we’ve seen rallies fail just as prices have approached…
US DOLLAR FINDS RESISTANCE AHEAD OF TOMORROW’S CPI RELEASE The surging trend in the US Dollar has started to show some element of resistance after what’s become an aggressively bullish past three weeks. As we traded into mid-April, the US Dollar held a range near long-term support, and that theme lasted even through last month’s US CPI data….
US DOLLAR FINDS RESISTANCE AHEAD OF TOMORROW’S CPI RELEASE The surging trend in the US Dollar has started to show some element of resistance after what’s become an aggressively bullish past three weeks. As we traded into mid-April, the US Dollar held a range near long-term support, and that theme lasted even through last month’s US CPI data….
