Yesterday’s Trading: The euro/dollar on Wednesday restored from 1.1370 to 1.1446. Over the course of the day, the euro bulls found support from the euro/pound cross rate. The pound weakened against ...
Gold prices moved higher in yesterday’s session, with the move seemingly reflecting a down-shift in Federal Reserve rate hike expectations. Indeed, the metal moved inversely with the policy bets i...
There is a general consensus that valuation indicators are not very useful for market timing. Despite this, the financial media and the blogosphere feature an avalanche of articles warning that the ma...
The API Report tried to over correct from their previous two misses for weekly forecasts, and caused oil traders to be wrong footed going into the EIA Inventory Report. There was just massive volume f...
In Jobs: How Good are the Jobs the Economy is Creating? I referenced a Wall Street Journal report on jobs by Joshua Zumbrun. I thought Zumbrun provided an excellent starting point for discussion. B...
Last week, we reported that billionaire investor Stanley Druckenmiller is publicly advising investors to sell United States stocks and buy gold. Druckenmiller is now joined in his gold recommendation...
Over the past two weeks we observed two curious, vol-related phenomena. First, it was Tom DeMark cautioning that even as stocks have surged, the amount of VXX shares outstanding has soared to record ...
Here’s your swing-trading watch-list: Short Emerson Electric (EMR) Short Fluor (FLR) Short Wynn Resorts (WYNN) Long Walt Disney (DIS) Long Sinclair Broadcast Group (SBGI)...