Finance

EC Muni Closed

“It is impossible to produce superior performance unless you do something different from the majority.” – John Templeton In the conclusion of our earlier article titled “What deadly summers, Sandy Koufax and lucky golfers can tell us about bonds” we wrote: “Deflationary forces around the globe are legion.  Despite the battalion of seemingly gargantuan efforts…

Gains Contained

Monday was a continuation of Friday’s action: gains for S&P and Nasdaq, losses for Russell 2000. The issues in play at the start of the day, remain in play at the close. The Russell 2000 is perhaps the most worrying of the indices. Today’s losses took the index back to the 50-day MA, but with…

Ultragenyx – Chart Of The Day

The Chart of the Day belongs to Ultragenyx (NASDAQ:RARE). I found the pharmaceutical stock by using Barchart to sort today’s All Time High list for the stocks with the highest Weighted Alpha then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 5/11 the stock gained 100.07%. Ultragenyx Pharmaceutical Inc. is involved…

Uber Thrives: Why?

In spite of the fact that Uber is the most banned company in the world, it thrives for one simple reason: People like it, especially business travelers and millennials, even if politicians don’t. For the first time ever, Uber Tops Taxi Use for Business Travelers.   In the three months ended in June, Uber overtook taxis as…

International Business Machines Slips Post-Earnings

International Business Machines released its latest earnings report after closing bell tonight, posting non-GAAP earnings of $3.84 per share, a 15% year over year decline, and revenue of $20.8 billion, a 1% year over year decline after adjusting for currencies and the divesture of the System x business. Analysts had been expecting earnings of $3.78 per share…

Revising The Ratio

I did a recent post here and over on ZeroHedge which got a lot of views based on the SPY/GLD ratio. Some readers pointed out something that hadn’t occurred to me before: the ETF GLD didn’t even exist until November 2004, which means the ratio is really only valid starting on that day. (SPY, on the other…