T2108 Status: 28.7%T2107 Status: 35.2%VIX Status: 13.4General (Short-term) Trading Call: NeutralActive T2108 periods: Day #192 over 20% (overperiod), Day #3 under 30%, Day #7 under 40%, Day #47 under 50%, Day #64 under 60%, Day #263 under 70% Reference Charts (click for view of last 6 months from Stockcharts.com):S&P 500 or SPYSDS (ProShares UltraShort S&P500)U.S. Dollar Index (volatility index)EEM (iShares MSCI…
Despite the reassurances from western media and talking heads that China is unimportant (both its stock market and economy), Asian economies continue to show signs of contagion from China’s slowdown as Thai exports weaken and Hong Kong trade tumbles. But it is the blame game that is top of mind tonight as Chinese regulators switch…
Economists Shocked Economists were shocked by the plunge in the Conference Board Consumer Confidence Index this morning, well below any economist’s guess in Bloomberg’s Econoday Forecast. The consensus estimate was 99.6. The consensus range was 97.0 to 102.0. And the actual result … 90.9. Consumer confidence has weakened substantially this month, to 90.9 which is more than 6…
A little bit of relief During the session on Tuesday, we got a little bit of relief from all of the negativity around the world. With this, we got bounces in several stock markets, and of course commodity markets. With this, we believe that the market is offering more trading opportunities going forward though. Paris…
The Energy Report: Do you rely on the stock-to-use ratio to predict grain prices and, if so, what is it telling you right now? Spencer Churchill: Yes, we do. Stock-to-use is a good way of assessing the degree of tightness in any crop market and hence how much underlying support there could be for prices. The lower…
What I am about to share with you is quite stunning. A well-respected financial expert that correctly predicted the last two stock market crashes is now warning that we are right on the verge of the next one. John Hussman is a former professor of economics and international finance at the University of Michigan, and…
Podcast: Play in new window | Play in new window (Duration: 13:15 — 6.1MB) DOW + 189 = 17,630 SPX + 25 = 2093 NAS + 49 = 5089 10 YR YLD + .02 = 2.25% OIL + .59 = 47.98 GOLD + 1.00 = 1096.50 SILV + .14 = 14.79 The Federal Reserve FOMC met today. They will…
TM Editors’ Note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Peter Epstein, CFA, MBA conducted the following interview by phone and email in the week ended July 28th. The views expressed herein are entirely that of Pure Energy Minerals’ management team and Board. To the best…
The Chart of the Day belongs to American Woodmark (NASDAQ:AMWD). I found the cabinet maker 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 the stock gained 17.25%. American Woodmark manufactures and distributes kitchen cabinets…
After a few days of pullback, the market managed a bounce today. SPX added +25.61 points, while Nasdaq gained +49.43 points. This morning, UPS reported strong quarterly results and saw its shares trade up more than +5%! PCP shares popped +7.49%, even though it missed its estimates. We traded a small trade on PCP in my Happy Trades Portfolio and…
