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Market Commentary

More Market Commentary

U.S. Bonds, U.S. Dollar, and Largest Cap Stocks Gaining Strength, Industrial Stocks Losing Strength

Bond, iShares Barclays 20+ Year U.S. Treasury ETF absolute price rose above its highs of the previous 14 months on 7/29/14, thereby reconfirming its preexisting bullish trend.

U.S. dollar ETF absolute price rose above its highs of the previous 5 months on 7/29/14. UUP is currently systematically neutral, but the 50-day SMA is rising up toward the 200-day SMA, such that a bullish crossover may be possible in weeks ahead if price rises further.

The Largest Cap S&P 100/S&P 500 Relative Stren...

Jul 30, 2014
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Oil, VIX, and Summer Time Moves

The VIX and oil prices seem unshakeable. In the last month of geopolitical “crises” around the world both have moved little, and whatever movement they did have to the upside, has been retraced. Both the market and the oil market have absorbed the bad form of those who wish to die for and kill for the political beliefs. I might as well throw gold in too, as it has moved little relative to the “world falling apart.” The takeaway from this is there is little fear out there among investors, even...

Jul 29, 2014
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Whole Foods On the Skids, Earnings Report

Whole Foods Market hasn’t been a healthy choice for investors in 2014.  Shares of the natural and organic grocery specialty chain are off by 36% in 2014 going into Wednesday’s earnings call, scheduled for after the market close.  

WFM shares are trading near their 52-week low, having traded in a $36.09-$65.59 range during this same period. Shares closed at an all-time high of $64.83 on October 28, 2013 but have been in a steady downtrend ever since, with the upscale supermarket chain shedding...

Jul 29, 2014
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December Canada Dollar Futures: Trading Idea July 29, 2014

December Canada Dollar Futures a Selling Opportunity on More Price Weakness

See on the daily bar chart for the December Canada dollar futures that prices are in a three-week-old downtrend and have just hit a four-week low. The bears have gained downside technical momentum. A move below chart support at .9200 would become a selling opportunity. The downside price objective would be .9000 or below. Technical resistance, for which to place a protective buy stop just above, is located at .9280.

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Jul 29, 2014
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Dollar Rally Could Hit Euro Hardest

It looks like a long period of churning in Dollar Index futures is poised to resolve higher.

Given the duration of the basing activity, this favors a rising trend in the intermediate term . Looking across the major currency pairs, the euro appears to be the one taking the biggest hit and the charts suggest that could continue . Let's take a look at charts of Dollar Index and euro futures individually.

Since last October, the bulls have fended off multiple tests of a floor around 79.5 multip...

Jul 29, 2014
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Featured Stories

More Featured Stories
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What Could The End Of QE Mean For Markets?

The end of quantitative easing in the next few months, could lead to a drop in asset prices followed by yet another QE round, more debt and a further devaluation of paper currencies.

The QE economy —which started in 2009 and has continued through 2014 — saw the banks buying stocks, bonds, and real estate, while loaning money to Wall Street, which sparked an asset bubble. That economy is coming to a halt.

The crisis in Ukraine, pro-Russian rebels in Ukraine shooting down a passenger airliner a...

Jul 29, 2014
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Strange Times: The Unprecedented Bull Market

The S&P 500 is on pace to triple its March 2009 low of 676.53 in 2014, leaving many wondering what is driving such an unprecedented bull market.  Indeed, a widely respected figure at a major financial news network said to me earlier this month, “Even in the media, we’re left scratching our heads by a lot of what we’re witnessing right now.”  

On Thursday the SPX touched an intraday peak of 1991.39 to close at yet another new all-time high of 1987.98.  The 10-year Treasury yield had closed th...

Jul 25, 2014
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Top 10 Free Trading Resources

The following is a list of my top 10 favorite free resources on the web for investors and traders. None of these websites involve any cost, though some do offer the possibility to upgrade to a pay service. We did not include TraderPlanet, since you are already here.

1.www.TopStepTrader.com If you are intraday trader that is tempted to have CNBC on during your trading day here is an entertaining alternative. "Eddie the Broadcaster" will keep you informed with a solid mix of market news, specia...

Jul 23, 2014
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Forex Tips: When Trading Discipline Goes Too Far

“Stick to your trading plan” is what we hear said all the time and I’ve been known to say it too.  Although that may be the best thing to do, if your trading plan is ok, there’s the odd time that crops up that makes you question it.

Being a dedicated forex trader I’ve done some serious screen time.  Eyes locked furiously on the charts waiting for my setups, mesmerized by the ebb and flow of the markets.

While going about my normal trading day, there have been several instances where the radical...

Jul 22, 2014
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Rehypothecation, Has The Goose Stopped Laying “Gold”en Eggs?

The practice of rehypothecation is centuries old. It has been used to create “free” money supply and in recent times the Chinese have become rather fond of commodity funding deals in an attempt to leverage deals and grow their economy.

The model works, at least in theory, and while all is well one can extend the daisy chain, seemingly for ever…

The universe provides infinitely after all, doesn’t it? This is basic pop quantum physics. The difficulty arises in the very moment a link weakens an...

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