Market CommentaryMore Market Commentary
On Wednesday the Nasdaq 100 dipped down into its megaphone pattern, but without a lot of enthusiasm. In other words, the selling did not get intense or vicious.
The futures closed the day session very near to the Volume Point of Control , which is now 4442.75. Again, I’d like to point out the size of the volume histogram peak at that level. This area is acting as a strong price magnet and stabilizing factor. That’s bullish for the tech index, which is outperforming the S&P.
My upside target ...Read More
While fellow home furnishings and improvements company, Lumber Liquidators, deals with a plunging stock price on allegations of Chinese laminate wood flooring that contains high levels of formaldehyde, Restoration Hardware continues to thrive. The $3.6B company issued stronger Q4 guidance on February 5th , to the tune of $1.00-$1.01 per share in EPS on revenue of $583M . Comps were for +24% vs the +19.5% consensus .
The stock does trade at a P/E ratio of 30.48x , but the 27%+ earnin...Read More
The market was on the way down in overnight trading and right after the open, before a strong support area and a “soft” intervention from the Federal Reserve reversed the decline. The S&P 500 futures still ended the day down 8.50 points, but it could easily have been much worse.
The decline began overnight, when European traders were perhaps anticipating a bad number for the ADP payroll report released in the pre-market session, and continued for the first hour, when the futures bo...Read More
“All the news, all the time” is a tagline for more than one news outlet, and in this, the ubiquitous 24-hour news cycle world, it is appropriate.
Do you ever get the feeling that there is too much news, though? Let me clarify. There can never be too much news, meaning, legitimate news that informs, educates, and, yes, entertains, but what we can get too much of is repetition, opinion, and outright manipulation that passes for what we all call “news.”
- Ireland and Spain, which have been throu...
There is a lot happening in the soybean market. Thursday’s export sales report showed 459-thousand metric tons of soybeans were sold last week. That is down 9% from the week prior and 26% under the four week average. Key US soybean buyer, China, was in for 272-thousand of the total compared to the two weeks prior of 208 and 613. We had decreases of 65-thousand and 146-thousand to unknown destinations, probably China.
Export sales are now 95% of the expected USDA projection for the market...Read More
Featured StoriesMore Featured Stories
The Global Futures Trade Room Industry
Right now – today - the global futures trade room industry is massive and growing at a rate of about 60 new rooms/yr.
When I started to evaluate futures trade rooms in 2009, finding the most successful rooms was an intractable problem – there weren’t any established guidelines, rooms could not be distinguished using search engine parameters, and all glittered with success and wealth. Free room trials were still the best option, but to accelerate data c...
Last month, we initiated the discussion of inter-market relationships focusing on the currency market’s influence over commodity prices . Let’s turn our attention to the relationships that exist between various asset classes. Some of the conclusions from data will likely go against conventional wisdom.
Stocks and Bonds Can Go up and Down Together
The oldest adage in the finance industry is, “Stocks up, bonds down”. The quip stems from conventional theory suggesting there are two primary i...Read More
Believe it or not, it was illegal, until very recently, for you to unlock your smartphone and take it from one carrier to another.
Yes, illegal in the traditional sense. Thanks to a quirky interpretation of the Digital Millennium Copyright Act , those who unlocked their phones, even as recently as a year ago could wind up behind bars for an unfathomable five years. That’s a long time for something as innocuous as using your property the way you want to use it.
But in 2014, President Barack Ob...Read More
Random price movements leave us with very little edge when it comes to reading the charts and technicals. Never mind fundamental analysis, which is simply impossible to explain how stock can move violently after a news event. The market is simply designed around accumulation and distribution, seen very clearly on a price and volume chart. Yet, when these buyers and sellers are pulled in each direction by the market, there is an uneasy feeling about participating.
The erratic behavior in pr...Read More
The European Central Bank recently announced a trillion- dollar package to fight inflation. Whatever these central banks do will not have any effect on the world, short-term.
The ECB program involves printing 60-billion euros per month, which is nearly three-quarters of a trillion euros per annum, and they will start in March 2015 and end in September 2016. Their goal is an inflation target of two percent. The program involves the buying of euro-denominated assets. A bankrupt Europe does not...Read More