I’m waiting for bears to step in and reverse the nascent breakout but it hasn’t happened yet. The intraday range was tight and the change relative to yesterday was small. This left little to add. The S&P still has three
August 30, 2016
A preliminary read on Consumer Confidence surprised to the upside, but shortly after 10 AM release of that news, the S&P 500 moved lower in the first of two bouts of selling in today’s session. After trimming a bit of
Precious metals dealer and monetary historian Mike Maloney is quite confident the liquidity-driven ‘recovery’ created by the world’s central banks is now over. In his estimation, the path ahead is one of accelerating descent into inevitable currency destruction: What the central banks
“Failure is not fatal, but failure to change might be.”John Wooden We just can’t seem to get a good breakout, yet. Consolidation is great and tight consolidation, as we’re seeing, is even better. I was close to dumping my mining
“Failure is not fatal, but failure to change might be.”John Wooden We just can’t seem to get a good breakout, yet. Consolidation is great and tight consolidation, as we’re seeing, is even better. I was close to dumping my mining
The nation’s pre-eminent central planners just held their annual gathering at an exclusive resort just outside Jackson Hole, Wyoming and discussed how to interfere even more deeply in markets. In a speech entitled “The Federal Reserve’s Monetary Policy Toolkit: Past,
On the basis of a measly 0.1% decline in the Case-Shiller 20-City Home Price Index, Bloomberg Econoday concludes speculation isn’t a risk. Why do I read keep reading Econoday? Entertainment value. Highlights Add Case-Shiller to the list of home-price data that are slipping.
Bob Evans Restaurants (BOBE): The restaurant chain has fallen victim to changing consumer dining preferences. While earnings have beaten expectations in recent quarters, revenue has been sideways for almost 2 years now. The stock has been just as tepid, falling 11%
A review of the day’s trading in the agriculture markets. Video Length: 00:09:23
Psychological Risk is perhaps the biggest hurdle in trading for your own account. There are tons of books written about it. There are tons of essays discussing it and there’s even an academic study around this which is termed “Behavioral
