The stats were strongly with the bulls last week but that ended on Friday. The historical stats this week are neutral today, tomorrow and Friday, strongly bearish on Wednesday, and the markets are closed of course on Thursday. (SPX) needs a retracement to set up a decent rising support trendlineand we should see that this…
Wall Street has seen some key records this year. While investors cheered the surge in benchmarks with S&P 500 (SPX) hitting 52-week and all-time record highs so far, 2014 also became a record year for initial public offerings (IPOs). The U.S. IPO market was the biggest in 2014 since 2000 in terms of both value…
Our original forecast for oil back in 1997 was that it should rise to reach the $100 level at least by 2007. We reached $99.29 in 2007 and then 2008 was a wild trading year reaching $147.27 intraday crashing back to $35.13 and closing the year at $44.60. Oil made the intraday low in 2009…
Gold had ended 2013 at $1206.80 per ounce and as you can see, today we are almost at the same level where we were one year ago. The precious metal initially tried to rally during 2014 as escalating tensions between Ukraine and Russia (and the sanctions imposed by the U.S. and EU.) pushed down stocks on…
Since 2010, the average return of our weekly best scoring ADRs have outpaced the MSCI EAFE by a median 455 bps over the following year, with no turnover. According to the Seasonal Investor database, the EFA has gained in 7 of the past 10 first quarters, returning a median 2.23%. Click on picture to enlarge The following ADRs…
Traditionally, the rule of thumb in retirement planning is that you need 70-80% of your current income during retirement. This lower figure represents all the expenses (transportation, income tax, etc.) that may not appear in your retirement budget. However, basing the size of your retirement nest egg on the size of your income…
One little anecdote from within the vast US economy… I received this note from my trash and recyclables collector this morning: “The reason for this raise being larger than normal for us is primarily due to unforeseen increases in our costs, including this past September receiving the largest increase in over 5 years to both…
So, it’s the first real day back after Xmas and the final day in the O’Neil follow-through day (FTD) window (we are allowing it to have today even though officially it is eight days into the rally attempt). Will stocks surge on big volume? That’s what the bulls want, for sure. But think about this:…
The year 2014 has been a mixed bag for energy investors. While the first half was upbeat with crude oil surging past the $100 per barrel mark, the latter half was saddled with disappointment as the commodity plummeted to multi-year lows, dragging down stocks. This is evident from the overall energy sector performance. While the…
While mainstream media desperately played up the fact that oil prices were ‘off the lows’ this morning as some kind of positive news, that narrative is now dashed to winds of under-demand and over-supply. With WTI Crude prices testing the multi-year cycle lows once again, crashing below $54, we wonder how long before the Yellen effect…
