Bloomberg put out a story this weekend that the Treasury market was strong in spite of China “slashing” its holdings of Treasuries. It cited “robust,” deep, broad demand from other sectors as the reason for the strength. There’s a slight problem with that view. It is not true. The only investor sector that has increased its buying of…
Today I deleted Convergys Corporation (NYSE:CVG) from the Barchart Van Meerten New High portfolio for negative price momentum: Barchart technical indicators: 64% Barchart technical sell signals Trend Spotter sell signal Below its 20, 50 and 100 day moving averages 10.92% off its recent high Relative Strength Index 32.44% Recently traded at 23.71 which is below its 50 day…
(Photo Credit: TEDxSanAntonio) Rackspace Hosting, Inc. (RAX), the open cloud company, will report its FQ2 ’15 results after the market close today. Wall Street analysts are predicted the same EPS as last quarter, and Estimize are predicting a cent higher, at $.21. Wall Street is estimating the highest revenue results of $490.69M, the Estimize consensus is…
The euro has rallied to its best level against the Swiss franc since the SNB surprised investors by abandoning its franc cap in the middle of January. Since the end of June, the euro has rallied 5.15% against the franc, including today’s roughly 0.4% advance. Since the end of July, the euro is up nearly…
Following three successive days of losses, China’s markets rebounded on Friday, managing to avoid losses for the week. Gains continued into Monday, with the benchmark posting its largest increase over a month. In both cases, the upward movement was fueled by speculation or concrete action on steps to be taken by the government to prop…
As you know the core portfolios are almost fully hedged, but the volatility portfolio is 100% long. The reason for this is the core portfolios rely heavily on market internals to indicate everything is healthy under the surface. The volatility hedged portfolio relies on my market risk indicator that is much more sensitive to price. The core portfolios…
Of course those biased toward gold will relay the rally as big volume as if this is some sort of fresh buying which warrants cheering when in fact it is a short-cover rally. This is the bounce our computer has projected without bias or passion minus the hyperbole. We can see that the Energy Models…
The US equity market struggled last week but the S&P 500 held the rising 200-day MA once again, but as BofAML notes, the much broader-based NYSE stalled at 200-day MA resistance last week. The NYSE has a potential head and shoulders top as well as a breakdown for the NYSE stocks only advance-decline line through…
This past weekend, I was reminded by my 9-year old son of the following passage in the Bible: “Out of the mouth of babies and infants, you have established strength because of your foes, to still the enemy and the avenger.” – Psalm 8:2 That verse has been shortened over time to become a colloquialism used…
Let’s take a close look at Friday’s employment report numbers on Full and Part-Time Employment. Buried near the bottom of Table A-9 of the government’s Employment Situation Summary are the numbers for Full- and Part-Time Workers, with 35-or-more hours as the arbitrary divide between the two categories. The source is the monthly Current Population Survey (CPS) of…
