My Swing Trading Approach The bulls are regaining a firm grasp on this market and the bears are being forced to cover in mass. I will look to add 1-2 new positions today. Indicators VIX – With many areas of headline risk melting away, the VIX indicator is struggling to maintain its recent bullishness. Yesterday it…
On Saturday night I was treated to a performance at the Richard Rogers Theater of Hamilton. It was weird, with a racially mixed cast all dressed in 18th century costumes and uniforms, singing hip-hop, a musical anachronism. I found myself looking forward to the commentary by George III who periodically appeared in his crimson robe and crown, but I…
Have you been eager to see how Morgan Stanley (MS – Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this New York-based leading financial services holding company’s earnings release this morning: An Earnings Beat Morgan Stanley came out with earnings of $1.45 per share, which surpassed the Zacks…
Thoughts Housing Starts are still trending higher. Medium-long term bullish for stocks. Deqlinquency rate on subprime auto loans is surging. Not a repeat of 2008. The S&P 500 reclaimed its 50 daily moving average. An irrelevant sign for the stock market. The U.S. stock market is starting to ignore China trade war news. 1 am:…
USD/JPY The US dollar has gone back and forth during the trading session on Tuesday, dancing around the 107 handle. The 108 level above is massive resistance, and if we can break above that level, the market is likely to go higher if we can clear the 108 handle, we might be able to go…
Bonjour, mon ami! Observant readers may have noticed this comment yesterday: I probably don’t need to bother showing you this, but……… As for equities, it occurs to me we can think of this year’s price activity as a stop light. The topping action was up at the green light area, and that terminated late in January….
As a value investor, and contrarian, I am attracted to companies, sectors, and industries, that other investors are currently afraid of. This lead me to the Health Care sector and United Therapeutics Corporation (UTHR). At today’s price in the current market conditions, is United Therapeutics going to outperform the market over the next 7-10 years?…
Chris Vermeulen, Founder of The Technical Traders shares his thoughts on the US markets and safe haven assets. With technical factors pointing higher for the short-term for US markets Chris notes that the safe havens are also showing strength. (Audio length 00:10:53)
Trade negotiations and threatening global tariff volleys are contributing to significant volatility in the financial markets. Although applicable in many ways, the Smoot-Hawley protectionist act of 1930 is unfairly emphasized as the primary point of reference for understanding current events. In 1944, an historic agreement was forged amongst global leaders that would shape worldwide commerce…
Micron (MU – Free Report) delivered another exceptional quarter of record revenue and profits on March 22 and analysts responded with further boosts to their estimates for coming quarters. The upward EPS estimate revisions weren’t especially dramatic in the past few weeks, with the current fiscal year (ending August) only rising 3.4% from $10.63 to $10.99. But that’s…
