Market CommentaryMore Market Commentary
Hey, World! I hope you’ve been sensational. I have missed you all! I am headed down to my hometown of Statesboro, GA this weekend to see my Dad and family. Should be an adventure; about a seven hour drive, not too bad.
I was reviewing the energy sector today and came across NRG Energy . This bad boy was a ‘rocket ship’. In mid March, NRG broke through the strong resistance that it once broke through in late October 2013. The interesting thing is, back almost one year ago you got ...Read More
Shares of Intersil , a $1.73B power management integrated circuits maker, are up 25% year to date this year, but only trade at a P/E ratio of 16.78x with 12.2% EPS growth . Revenue growth is expected to accelerate from 1.7% this year to 5.5% in 2015. The current dividend yield of 3.41% is better than the SPDR S&P 500 ETF Trust’s 1.80% yield and the Market Vectors Semiconductor ETF’s 1.29% yield.
On July 30, Intersil reported Q2 EPS of $0.19 vs. the $0.18 estimate and revenue of $147.76M v...Read More
U.S. dollar ETF absolute price rose to its highest level in 9 months and the rising 50-day SMA crossed above the rising 200-day SMA on 8/20/14, thereby turning systematically bullish .
Foreign Stocks ETF Relative Strength Ratio broke down below its lows of the previous 2 years on 8/20/14. EFA/SPY has remained systematically bearish most of the time over the past 6 years.
Financial stock sector ETF Relative Strength Ratio fell below its lows of the previous 19 months on 8/20/14, thereby...
October Live Cattle Futures a Selling Opportunity on More Price Weakness
See on the daily bar chart for October live cattle that prices are in a steep three-week-old downtrend. A bearish pennant pattern has formed and price action has seen a downside “breakout” from that pattern. The bears have near-term technical momentum. A move below $146.00 would become a selling opportunity. The downside price objective would be $138.00 or below. Technical resistance, for which to place a protective buy...Read More
Despite the dirty facts on the ground, the breathless media is amazingly quiet. Perhaps it has lost interest in the constant warfare in Gaza, Iraq, Syria, and Ukraine. Maybe the news hasn’t played out as a thriller with the market. Given the recent market rebound, it is not a bad conclusion to draw – the market is simply not interested in the dirty facts.
And really, why would it be? As I said, the only potential economic issue with all of those wars is the real war going on between Russia an...Read More
Featured StoriesMore Featured Stories
Oscillators come in a number of different forms such as stochastic, relative strength and the commodity channel index. Although the mathematical equations are different in each, the underlying principal by which oscillator calculations are made remains the same.
How They Work
All oscillators compare the high and low of a given market move to its close. This is the reason that oscillators are a bounded set of indicators. As the close of a market move approaches its high, the oscillator tra...Read More
Russia was once described by Sir Winston Churchill, as “a riddle wrapped in a mystery inside an enigma.” Those words, spoken in 1939, eloquently described the Western sense of Moscow as inscrutable and a menacing country that plays by its own rules; perhaps they are no different now with the extraordinary exception that today’s Russia is dressed in diplomat’s pinstripes folded around a pugilist’s muscle with a checkbook of an oil baron.
What’s more, today Russia, along with China, Brazil, I...
On March 6, 2013 we initiated a long recommendation for our clients on the Chinese currency, the yuan, through the purchase of offshore, yuan-denominated bonds an exchange traded fund. DSUM closed 2013 with a 6.32% gain, the year’s best-performing bond instrument on a risk-adjusted basis, compared to a dismal performance of -4.83% for the average emerging market bond fund.
After this stellar performance, this year’s weakness in the yuan is no surprise to us. While the U.S. Treasury and th...Read More
As traders, we try to maintain a high level of concentration and performance at all times. The focus is on trading plans and processes, risk and reward, indicators and charts, coding and strategies, and about a million other possibilities at any given time. Truly, it is impossible for any human to keep track of all the information available.
When you get to the point where nothing makes sense it’s time to look away for awhile. I call this “data fatigue” and it occurs on many time frames. In t...
Last year, total mine production of silver was 819 million ounces, but demand for silver was 1.1 billion ounces.
Therefore, there was a 262 million ounce shortfall in silver. Thus far, the shortage has been mostly met by using recycled silver and from government stockpiles. Even so, the shortage is there.
Looking At The Numbers
Recently published data points argued that recycled silver cannot continue to meet the gap between supply and demand. The supply of recycled silver dropped 24% last ye...Read More