A big day for Semiconductor Indices has finally boosted other indices. Semiconductors finished above March/April highs on new near term highs in relative performance. It has been a big week for this index and this could set a positive tone
May 24, 2016
The Chart of the Day belongs to UGI Corp (NYSE: UGI). I found the utility distribution stock by using Barchart to sort today’s All Time High list first for the most frequent new highs in the last month, then again for technical buy signals of 80% or
I feel like this post is entirely inappropriate considering the current state of the market today, where it happens to be rallying in a manner no one foresaw at the close yesterday. Even so, we’ve seen how many reversals this
The best large cap sectors are utilities and healthcare. The highest scoring large cap industry is insurance brokers. The average large cap score is 57.77. For comparison, the rolling four week average score across large cap is 58.77. The average
It was a week where oil prices marked its highest settlement in seven months but natural gas futures ended lower. On the news front, oilfield service providers FMC Technologies Inc. (FTI – Analyst Report) and Technip SA have agreed to merge in an all-stock
The debate over whether the UK should/will leave the European Union continues. The same question should be asked about Greece leaving the Eurozone. Remember Greece? That was the country that encountered some economic turbulence right after the global depression resulting
Talking Points: Crude oil prices may turn lower after testing $49/bbl figure Gold prices edging lower but momentum seems to be fading Eurozone Flash PMI data, Fed officials’ comments in focus Commodities remain at the mercy of evolving macro-level narratives. A broad-based
For a considerable period of time I have held a very negative opinion on the Euro. The Euro currency has a complicated history. The Maastricht Treaty of 1992 obligated certain Euro nations to adopt a common currency – although it
In this brave new banking world of impenetrable bureaucratic morass designed to keep us all from ourselves (slogan: don’t panic, there’s a lot of new math), there are new acronyms for just about anything. To regulators, some groups of letters
Stocks were bubbling up to the bar led by big cap tech and financials. This looked like a ‘technical trade’, i.e., a lower volume short squeeze driven by algos. Oh yes, this will almost certainly end well.
