Stocks Have Stalled In This Area Previously The recent push off the Fed meeting low has brought equities back to a familiar area. The chart of the S&P 500 below shows the upper blue line has acted as resistance three times in the last six months (see orange arrows). Reaction To Economic Data Investors’ reaction…
Despite fearmongering by Greek prime minister and the EU, prime minister Antonis Samaras fell 12 votes short of a needed majority to elect a new Greek President. As a result, snap elections will be held on January 25. Stavros Dimas, a former EU commissioner, captured 168 votes in Monday’s decisive third presidential ballot, 12 short…
Today I used Barchart to sort a list of large cap stocks analysts have predicted will out perform the market for the ones having the most frequent new highs in the last month. The smallest OTTR has a market Cap of $1.18 billion. Today’s list includes: Rite Aid (NYSE:RAD), Otter Tail(NASDAQ:OTTR), Benchmark Electronics (NYSE:BHE), ITC Holdings(NYSE:ITC) and …
Many Big Winners Are Among Rayno Diagnostics and Tools Stocks in 2014 Abaxis (ABAX) up 46% A major “Point of Care” (POC) Dx Player in veterinary and human markets. Exact Sciences (EXAS) up 135% An emerging Dx player with non-invasive, DNA based test for colon cancer. Illumina Inc. (ILMN) up 68% Leading provider of DNA sequencing…
Analysts on every financial news network are screaming about how the lower oil and gas prices will spur on the U.S. consumer and lead to a stronger economy. It is true that total retail sales rose 0.7 percent in November, beating analysts’ expectations of 0.4 percent. And the Thomson-Reuters University of Michigan survey of consumers…
It’s just a coincidence. Margin debt at all-time highs. Corporate profits at all-time highs and now falling. Bullish investor sentiment at all-time highs. Valuations at highs seen in 1929, 2000, and 2007. QE is done. Issuance of subprime debt at record levels. High yield rates soaring. Japan in a depression. Europe in a recession. China…
I keep getting emails asking why I’ve been so optimistic for Q4 and for Q1 2015. In its most simple form, the chart below cannot give anyone a reason to be anything but: Click on picture to enlarge The chart tracks total N. American rail traffic on a weekly basis since 2009. The green arrows…
Food. Water. Shelter. The trifecta of essentials that has been grilled into anyone who has ever participated in Boy Scouts, Girl Scouts, Rangers, or any other activity involving wilderness survival training. Companies must survive too and have these needs as well. Almost all businesses need a shelter or a space from which to perform operations,…
Just as T. Boone Pickens warned “watch the rig counts” last week , so the Baker Hughes rig count just collapsed for the 3rd week in a row to 8-month lows. This is the fastest 3-week drop since mid-2009. Crude prices were already weak but the news has flushed WTI to a $52 handle (not seen…
$800 BILLION! That’s the amount of money China’s reserve adjustment is putting into the market in 2015. “Beijing is trying to stimulate lending and they are trying not to use strong measures,” said Dariusz Kowalczyk, an economist at Credit Agricole CIB in Hong Kong. “Policy makers across the globe are trying to boost demand by increasing…
