It looked a weak recovery, and today’s action quickly exposed the nature of yesterday’s buying. Volume was modest, as holiday trading continues to be a theme. Window dressing into end-of-year remains a bullish overhang, but there is no guarantee Santa will keep on delivering gifts. For the S&P, look to Fib retracements and 2,009 breakout…
Noah Holdings Limited (NOAH) saw its shares soar Thursday on heavy volume. Shares of the China-based wealth management provider rose by 7.2% to close the trading day at $21.63 with more than 2.7 million shares trading hands. This compares to the company’s average trading volume of 334,000 shares. As you can see from the chart below,…
Reading Between the Lines Once we recognize that all investment portfolios eventually become retirement income portfolios, we can begin to focus on the regular recurring income that they produce… retired or not, the market value of your private portfolio (or of your 401k plan) has no purchasing power. Yet all 401k programs are performance evaluated…
There was quite a bit of talk today about the Sony hack attack, and some gossipy emails about some fellow calling Angelina Jolie a ‘spoiled brat.’ This is a major preoccupation today on Bloomberg TV. Maybe if the same guy had written some snarky emails about the homeless and the hungry, the ongoing collapse of…
(Photo Credit: Elsie Escobar) Lululemon (LULU) is struggling and its profits are drying up. Wayward comments from founder and former CEO Chip Wilson and a recall due to pants being too sheer have hamstrung the once fanatically popular yoga wear retailer. Going into Thursday morning’s third quarter report and the critical holiday quarter brand weakness is…
There was a time not too long ago when technical indicators worked just like they were supposed to. Momentum divergences foretold trend changes. Volume kept pace with rallies as they rumbled on. Breakouts from patterns either resulted in immediate rallies for us to buy or, in the worst-case scenario, they failed right away for a quick stop out and…
Peter Schiff talks about Bitcoin. An angle that nobody has ever mentioned – Tax Loss Selling. Audio Length: 00:20:35
Instead of beating an already dead horse so it looks like the Japanese (and soon, European) economy, and commenting even more on what the oil price collapse will mean for America’s energy producers (andInvestment as a component of GDP) we decided to bypass the foreplay and proceed straight to showing the 70 or so most levered publicly traded…
It’s not just surfers who scrutinize wave patterns. Steven Hochberg, chief market analyst at Elliott Wave International, uses the Wave Principle to predict the movements of commodities and the stock market based on a number of factors, including sentiment. In this interview with The Gold Report, he reads the waves and sees indications that the stock market…
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 11 years of Forex prices, which show that the following methodologies have all produced profitable results: Trading the two currencies that are trending the most…
