Several weekly and monthly indicators for the S&P 500 Index (SPX) are getting to levels that generally mark the top of bear market rallies. We’re sitting right at the point where the market will likely roll over or start an
April 6, 2016
Interesting that gold spiked almost shockingly, and has subsided from there, but is still much higher than it has been for the past twenty years. And now silver is spiking higher. These are not indications of a hard default, as
The Chart of the Day belongs to Seritage Growth Properties (SRG). I found the REIT by using Barchart to sort the All Time High list first for the most frequent new highs in the last month then used the Flipchart feature to review the charts. Since
Whenever the topic of recession comes up, the mainstream and especially economists (redundant) become quite defensive about the possibility. Just a few days ago, presidential candidate Donald Trump claimed the US was headed for “a very massive recession” and that
As a market manager I stay calm about it and use it to the best of my ability. As a human I get annoyed by it and what it does to the average (present company I assume, excepted) market participant.
Over the past couple of weeks the rate of buying has slowed. This slowing has become more pronounced as indices pushed into November/December consolidations, but today was a concerted effort to reverse this. The chief disappointment was the lighter volume
Tuesday’s sell-off wasn’t enough to spook bulls. Even the rather hawkish Fed Minutes didn’t dent bulls’ enthusiasm since it was deemed “old news”. The featured player today was an outsized rally in crude oil as inventories showed an over 4%
In response to GDPNow Rises to 0.3% Following Dismal Retail Sales and Inventory Reports; Fed vs. Fed Update I received a nice email from reader Tibor. Tibor writes “Hey Mish, Just wanted to thank you for being one of the
After a string of issues including turmoil in China and global growth slowdown dragging the emerging markets down, a positive shift in sentiment can be seen lately. This trend is validated by the two most popular ETFs – iShares MSCI
In what was shaping up to be a low-volume snoozer of a day, things changed dramatically at 10:30am when the DOE confirmed last night’s API data according to which US crude inventories had their biggest weekly decline since January even
