Podcast: Play in new window | Play in new window (Duration: 11:25 — 6.5MB) DOW – 28 = 21,611 SPX – 0.38 = 2473 NAS + 4 = 6390 (record) RUT + 0.58 = 1442 (record) 10 Y – .01 = 2.27% OIL –
July 20, 2017
Negotiations on Wednesday between the United States and China failed to reduce the U.S. trade deficit with China. The annual trade meeting yesterday ended on a sour note with no public comments and no resolution of bilateral economic or trade-related
The outcome of the ECB rate decision offered a dual benefit to gold prices. First, the central bank struck a broadly dovish tone (as expected), with President Mario Draghi forcefully asserting the need for continued accommodation even as he conceded that the fate
The Chart of the Day belongs to Upland Software (UPLD). I found the Internet software stock by using Barchart to sort today’s All Time High list first by the highest Weighted Alpha, then again by technical buy signals of 80% or more. Since the Trend Spotter
“Beware the Jabberwock, my son! The jaws that bite, the claws that catch! Beware the Jubjub bird, and shun The frumious Bandersnatch!” Lewis Carroll “A shudder in the loins engenders there The broken wall, the burning roof and tower And
On Friday, we reported separately on the latest residential building permits and housing starts in the government’s monthly report, courtesy of the Census Bureau and the Department of Housing and Urban Development. Despite the fact that both are monthly SAAR series (seasonally adjusted annualized
The short-term up-trend has been very strong, but now we on watch for signs that the momentum is starting to stall out. The Transports have turned lower, the leaders seem extended, and now the focus is switching to the defensive
Video Length – 00:13:05
The nature of the market reminds me of this pear tree. Each day for some time now, one to a few pears or sectors/indexes have stood out riper than the others. Beneath the pears ready for picking, is the low
Stocks end the day flat. We have been watching the weekly expected move for a long time now and fading the SPY when it hits those targets. We are once again hitting the upper end of the expected move in
