WTI’s ‘mysterious’ spike into the NYMEX close extended after hours (almost as if someone knew something). Inventories drew down 4.6mm barrels according to API (drastically less than the expected 2.85mm build). This is the biggest weekly draw since Jan 1. Cushing
April 5, 2016
Cattle futures, both fats and feeders finished limit down today. The catalyst was sinking wholesale beef prices. Support in the April lies about 100 – 125 points lower than its settlement. The hogs looked as if they were going to
Most global indexes had a bad day today. Among the biggest losers were the Nikkei, ended its session at -2.42%, and Germany’s DAX fared even worse at -2.63%. At its open, our benchmark S&P 500 appeared to follow the trend,
At Smead Capital Management, we make it a practice of constantly reviewing our discipline of stock selection and portfolio management. Like a sports agent compares athletes, one of the ways we do this is to follow competitors with proven track
Oil was blamed for the majority of today’s equity weakness but there was no new news and the reason was a little baffling! The Nikkei broke the 16k level and then fell another 300 points quite sharply. In late US
The Chart of the Day belongs to Pinnacle West Capital (NYSE:PNW). I found the electric utility stock by using Barchart to sort the Russell 3000 Index stocks first by the most frequent new highs in the last month, then again by the highest technical buy signals.
Following the explicit path of orthodox monetary and economic theory delves into something very much like Lewis Carroll’s monstrous rabbit hole he devised for Alice all the way back in 1865. Like the story’s Wonderland, the other side of the
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Some investors applauded an overseas property deal Tuesday, while a tarnished gold explorer shone on talk of a
Stocks pulled back a bit today, and volatility returned to the upside as the end of quarter nonsense took a time out. Still, stocks are in an uptrend that has not yet been broken. This is most cleanly seen on
“There is no traffic jam along the extra mile.” –Roger Staubach We opened with a good sized gap down but leading stocks took off higher as soon as we opened and performed well for the most part with TSLA being
