Even as OPEC signaled that it may continue to restrict production during the second half of 2017 oil prices fell by more than 7% last week, their worst decline in about a month…so why did oil prices fall, and why
April 24, 2017
Today’s rally mostly happened last night when the Futures markets opened. The major index Futures gapped up and then stayed in a tight range throughout the trading session. The biggest surprise was the volatility crush caused by the French election.
The mainstream narrative as it relates to Chinese money is “tightening.” Having survived the economic downturn last year, we are to believe that the PBOC is once again on bubble duty. They raised their reverse repo rates, considered to be
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The US Dollar dropped right down to the 200-day. Where next? The decline off the late 2016 high is so choppy that it makes me think the next big move is higher, not lower. But other indicators point to a
Even though the S&P 500 Index (SPX) did not reach a new all-time high today (Monday), the SPX:VIX ratio did, as shown on the following two Daily charts. Keep an eye on the ratio, since an RSI above 50 and upside crossovers on
Shares of Whole Foods Market, Inc. (WFM – Free Report) rallied Monday afternoon after a Financial Times report suggested that Albertson, a U.S. supermarket operator, is exploring the possibility of buying the high-end grocery store chain. Albertson, backed by Cerberus Capital Management, is the third largest
Even this fast-running Roadrunner pauses at the Handicapped Parking sign. A bird born to run, it can outrace a human. It can kill a rattlesnake. It thrives in the harsh desert landscape. Last week, the market paused at the many
The French election result was greeted as a welcome trigger for breakouts. All indices benefited from the action. Best of the action was in the Russell 2000. The Russell 2000 cleared 1,390 which marked a resistance level of the former bearish
Thesis: As we last saw in 2008, we now have popular TV shows devoted to Wall Street and hedge funds, as well as self-help gurus turning investment authors. All of these are ominous signs to the intelligent investor who can
