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……
The UK real estate boom has largely recovered from the brief hick-up in 2008-2009, whereby the biggest price increases were as usual seen in London and the counties in London’s immediate neighborhood. As a result, prices have not yet returned to their former peaks country-wide, but in London new record highs have been set. Currently…
Over the past few weeks, subscribers to Trade Followers have been watching market participants chase price as momentum from both StockTwits and Twitter moved up to extremely overbought levels. 7 day momentum on Twitter for the S&P 500 Index (SPX) reached a level that generally precedes a decline of several percent. The pattern of chasing from traders…
Some of the U.S. shale naysayers get to say, “I told you so,” these days. Many shale opponents harped on the huge amounts of natural gas liquids (NGLs) that are produced as a result of fracking and what to do with it all. NGLs include some very useful products like propane, butanes, natural gasoline, and…
These are the posts every dividend growth investor loves to read and write about, the monthly dividend income report. And why not? It’s a chance for us to highlight our “earned” passive income for the previous month and measure our own dividend income growth. December was a record month for my taxable and ROTH account…
Cempra Inc moved a step closer to approval of its lead antibiotic, solithromycin, after an oral version of the potential blockbuster met the main goal in a late-stage trial. The drug is a next-generation version of a class of oft-prescribed antibiotics called macrolides, which are used to fight pathogens that cause community-acquired bacterial pneumonia (CAPB)….
The US will report the December employment figures at the end of the week. The eurozone will report it’s November unemployment rate on Wednesday. It offers a timely opportunity to take a step back and look at the big picture. This Great Graphic shows four time series. The white line is the eurozone’s unemployment rate. The…
The S&P 500 hasn’t had a 4-day losing streak in 264 trading days. This is the longest such streak without a 4-day decline in the past 87 years! Below is the total number of 4-day losing streaks that took place each year, since 1928. Click on picture to enlarge
