Well that really did escalate quickly… The market’s internals triggered another Hindenburg Omen (each of the prior clusters worked and were saved by Fed speak)… This was the worst Santa Claus Rally (Sell-off) since 1999… But still up from pre-FOMC… Europe started the day ugly with German CPI and Grexit fears mounting (trumping any hope/hype from Draghi…
Stocks continued to fall lower, testing some important resistant levels as the year end paint continues to peel off the tape. The big tickle today was the fear of an economic contagion in Europe if Greece leaves the Euro, shocking the Eurozone banks with follow on effects in the US. The continuing drop in oil…
Christian Leone’s Luxor Capital Group increased its stake in RCS Capital Corp (NYSE:RCAP) by more than 2.1 million Class A Common Shares according to its latest 13D filing. It is the third time the firm alters its position in the company this quarter, after its initial purchase of around 31,110,103 shares in October. Following its…
We’ve hit peak economic gold discoveries, but unlike the new fracking technologies that saved the oil industry, there’s no fracking technology to coax mineral wealth from ever-deeper deposits. In the face of this shortage, expert geologist Brent Cook of Exploration Insights is scouting out companies that are cashed up and poised to deliver value when other miners…
Below is the list of stocks that had the most bullish momentum scores on StockTwits over the past year. The longer term (6 months to 1 year) bullish lists are a great place to start if you’re building a long term portfolio. These lists show the stocks where large numbers of market participants have posted…
Today I deleted Mimedx Group (NASDAQ:MDXG) from the Barchart Van Meerten Speculative portfolio for negative price momentum. Barchart technical indicators: 32% Barchart technical sell signals Trend Spotter sell signals Below its 20 and 50 day moving averages’ 17.13% off its recent hihg Relative Strength Index 39.74%
LexShares, a new investing platform co-founded by Jay Greenberg, allows individuals to invest in litigation. Known as ‘litigation finance’, this form of investing hasn’t been available to a wide investor base but returns have been as high as 50%. Jay talks to Zack Miller, Tradestreaming’s host, about the origin of litigation finance and how investors…
One rider seems to be stating that the other rider is not long for its rally. Isn’t this a turn of events? Uncle Buck up, stocks down, commodities down and precious metals up. It makes perfect sense and people should probably dedicate 2015 to figuring out why, if they haven’t already.
(Photo Credit:Steven Depolo) Tuesday – Micron Technology Micron Technology (MU) leads a handful of notable names reporting earnings this week on Tuesday. Last year Micron posted record earnings on revenue that came in 80% higher than 2013’s yearly results. In the first 3 years of the decade Micron struggled to meet expectations as the…
The Dow Industrials Index is down over 600 points from its 18,051 (futures) intraday record high on Boxing Day (12/26/14). Today’s 275 point drop below 17,450 is now over 500 points lower than the New Year’s Eve highs as energy (oil plunge gravity) and financial (oil exposure, low rates, counterparty risk) names catch back to gravity. Broadly ugly……
