It has been a while, but markets had their first day of distribution in weeks. The selling didn’t clock up big percentage losses, although the Russell 2000 suffered the worst of the selling. There was still a case of post-holiday trading volume, but many indices are looking at ‘bearish evening star’ set ups. The Russell…
The Chart of the Day belongs to Omnicom Group (NYSE:OMC). I found the stock by sorting the All Time High list for the stocks having the most frequent new highs in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 10/24 the stock gained…
As you read this, inflation is eating away at the value of your money. Over time, American’s inflation rate has slowly eroded the value of the dollar to the point where $1 today would only have been worth 4.8 cents in 1913 dollars. Other countries and currencies aren’t immune from the devastating effects of inflation…
Hey Bueller, junk bonds are doing what? Dropping. Junk bonds vs. quality bonds are doing what? Dropping. Heading into October junk bonds and ratios did what? Anyone? Bueller? Look, I am not trying to come off like a wise guy. I have been having as much trouble making sense of things as anyone else lately. …
2014 is turning out to be another significant year for the ETF industry. With 175 new ETFs launched this year so far, the total number of products now stands at 1658, while assets under management have increased to $1.99 trillion. Today we are highlighting two ETFs launched last month that stand out from the…
For 29 days – off the Bullard lows – the S&P 500 closed above its 5-day moving average. As MKM’s Jonathan Krinsky noted last week, this is the longest streak of sustained equity momentum higher in the history of US markets (surpassing the previous record 27 days from 1928). Today (well techncially Friday’s early close)…
Intel Corporation (INTC)—the world’s largest maker of semiconductors—finally rejoined the ranks of dividend raisers after a longhiatus. Starting in the first quarter of 2015, INTC will pay a $0.24 quarterly dividend, up from the $0.225 dividend it has paid since August of 2012. This represents a 7% bump. That’s not too shabby, but as a long-time holder…
As you know the Swiss gold referendum was defeated this Sunday, along with all the other initiatives issues like tax reform and immigration. The metals bears were licking their chops and counting their chickens, and gold and silver both opened sharply lower in overnight futures trading. At one point silver broke the 15 handle and gold…
“Davidson” submits: Oil (USO) (OIL) has been much in the news. Falling prices have resulted in a good number of ‘Collapsing Economy’ predictions. A large number of analysts, too many to count, indicate that US oil production is the reason for a global glut and justifies a collapse in oil company stocks and a rise…
Retail sales during the four day Thanksgiving weekend were down a whopping 11 percent from last year. This is a “make or break” time of the year for many retailers, and if things don’t turn around during the coming weeks we could see a tsunami of store closings in January and February. As you read…
