Asian equities further consolidated the gains today, adding an additional 1-2% on yesterday’s closes. In Europe, early efforts to rally were muted and eventually turned negative as the U.S. session got underway. Dow lost all momentum, and at one stage, had losses of around 200 points. However, the uncertainty within the markets continued when we…
The Chart of the Day belongs to EPAM Systems (NYSE:EPAM). I found the computer programming stock by using Barchart to sort the Russell 3000 Index stocks for both a Weighted Alpha of at least 50.00+ and technical buy signals of 80% or better. Since the Trend Spotter signal ed a buy on 9/30 the stock…
Employers continue to ignore the signals sent by the recent stock market fracture. They are still hoarding their low cost labor forces at a record rate, exceeding that of any past bubble in history. First time claims for unemployment compensation continued their string of record lows for the same week of the year. The actual number, not subject…
The market opened higher today and then quickly reversed lower into negative territory. This comes after a day of solid gains across the board, so maybe it’s partly profit taking. I think it’s also the continued underperformance of the small cap stocks that ran into resistance today. Click on picture to enlarge The chart above…
This is the monthly monthly Logical-Invest newsletter for October 2015. Strategy performance overview: symbol close year to date % ▴ 3 month % 1 month % 1 day % 60 day volatility 60 day correlation 3 month Sharpe 12 month Sharpe 36 month Sharpe WORLD-TOP4 270.88 1.64 -6.61 -0.92 0.66 12.90 0.53 -2.65 2.16 2.61 AGG 109.58 1.00…
This is the monthly monthly Logical-Invest newsletter for October 2015. Strategy performance overview: symbol close year to date % ▴ 3 month % 1 month % 1 day % 60 day volatility 60 day correlation 3 month Sharpe 12 month Sharpe 36 month Sharpe WORLD-TOP4 270.88 1.64 -6.61 -0.92 0.66 12.90 0.53 -2.65 2.16 2.61 AGG 109.58 1.00…
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. MCW Energy Group (MCW.V or MCWEF) has seen their share price TRIPLE over the past two months, before pulling back in recent days to a 152% gain. The company owns a patented, environmentally-safe, continuous flow closed-loop technology, which extracts oil…
Ever since The Fed began to taper QE, global manufacturing growth (as ascribed by JPMorgan’s global PMI) has been falling almost incessantly.August’s 50.6 print is the weakest ‘expansion’ since June 2013 as output fell to its lowest since April 2013 with New Orders falling. Un-escape velocity: Click on picture to enlarge As for the details,…
NovoCure (NASDAQ: NVCR) is a commercial stage cancer treatment company set for an IPO offering 12.5 million shares of common stock with a price target of $26-$29 per share. The company scheduled a $344 million from the IPO with an estimated market cap of $2.4 billion. The underwriters for the IPO include Deutsche Bank, JPMorgan Chase,…
“In vain I had at heart to find The center and the end of space. Beneath some burning, unknown gaze I feel my very wings unpinned… And give my name to the abyss Which waits to claim me as its own.” Charles Baudelaire, Lament of an Icarus Stocks were wide ranging, and once again found some…
