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Finance 0
Market Rates – Tuesday, April 25
The market is in a good spot. Earnings are good, the news is good, and the chart pattern carved out a very nice base to spring higher. So has the medium-term uptrend resumed? The market has moved a lot in a very short period of time. We went from oversold to overbought in just a couple of days. Too fast? These Transports aren’t as euphoric as the rest of the market. Supporting the bulls… these junk bonds are moving higher out of a beautiful base. It is hard to bet against the stock market when junk bonds are moving up like this Packaging stocks are very strong. If you look back over the last couple of years, I think most of the so... -
Finance 0
Chemical Activity And T-Bill Spread Indicate Higher Markets Ahead
“Davidson” submits: The Chemical Activity Barometer(CAB) was reported at an all time high once again. The SP500 on the French primary outcome has surged higher as have Intl LgCap issues and the US$ is lower. The sands of economics are shifting and it all suggests we are likely to see much higher stock markets the next few years. First, the CAB, a broad economic indicator which can forecast the direction of economic activity up to 18mos ahead, has been rising sharply since Apr-May 2016. US companies impacted by the period of strong US$, show that they have adjusted to the impact a strong US$ had on commodity prices and export headwinds. Th... -
Finance 0
GDX/GLD Ratio Leads The Way For GDX
SPX Monitoring purposes; Long SPX on 4/24/17 & 2374.15. Monitoring purposes Gold: Neutral Long Term Trend monitor purposes: Neutral. How the March 1 high is tested will tell a lot about the strength of the market. A strong rise through the March 1 high would be a longer term bullish sign. A test of the March 1 high on lighter volume with the McClellan Oscillator weakening would put the uptrend in question. Either way, market should at least test the March 1 high and we will see what develops there. Long SPX on 4/24/17 at 2374.15. We define an uptrend is in progress when the RSI for SPY is > 50 and McClellan Oscillator > “0”. Tod... -
Finance 0
Why Deviating From Global Bond Weighting Is Smart Indexing
When it comes to equity indexing I am a huge fan of trying to replicate something pretty close to global cap weighting. There are mountains of evidence showing that anything other than this is a recipe for poor performance. But when it comes to bonds the story is very different. In fact, more active bond managers do significantly better than their equity counterparts when compared to their benchmarks. PIMCO went into some detail on this in a recent report (read the full report here), but here’s the basic gist of the story: This might seem strange until you understand that bond aggregates aren’t really that much of an aggregate. Unlike a... -
Finance 0
Timberland Bancorp Earnings Per Share Increased 24% To $0.42 For Its Second Fiscal Quarter Of 2017
Timberland Bancorp, Inc. (Nasdaq: TSBK) (“Timberland” or “the Company”) today reported net income of $3.13 million, or $0.42 per diluted common share, for its second fiscal quarter ended March 31, 2017. This compares to net income of $2.38 million, or $0.34 per diluted common share, for the quarter ended March 31, 2016, and net income of $3.15 million, or $0.43 per diluted common share, for the preceding quarter ended December 31, 2016. For the first six months of fiscal 2017, Timberland earned $6.28 million, or $0.86 per diluted common share, an increase in net income of 28% and an increase in earnings per diluted common share (... -
Finance 0
A Matter Of How Much Hot Air
A hot air balloon is made of a fabric gas bag (envelope) with an opening at the bottom. Attached to the envelope is a basket that carries passengers. The burner, fueld by propane, injects a flame which heats the air within. Hot air balloons cannot fly beyond the atmosphere. Much the same can be said about the current market rally. The envelope or fabric of the rally is buoyant. The market’s basket holds lots of bullish passengers. The gas-filled burner gives the market lift. Some instruments have more gas than others. Some instruments fly higher than others. Since hot air can only carry the market so high, how much hot air is left? In the p... -
Finance 0
Illumina Q1 Earnings Rise, 2017 Forecast In-Line
Written by StockNews.com Illumina, Inc. (ILMN) late Tuesday posted solid first quarter earnings results and offered a mixed outlook, with second quarter guidance well below the street, but full-year estimates in-line with expectations.... -
Finance 0
Chinese Stocks Give Up Trump Gains As $1.7 Trillion Source Of Funds Unwinds
The Chinese and U.S. stock markets are going in opposite directions, as an intensifying crackdown against leverage has slammed the recently ‘stable’ Shanghai Composite over the past week, erasing all post-Trump gains. The relationship between the two markets is the weakest since August 2008 – just before the collapse of Lehman unleashed chaos on the global financial system. Bloomberg reports that given how mainland stocks have become increasingly linked to global markets, however, the divergence may prove to be a short-term phenomenon, according to Daniel So, a strategist at CMB International Securities Ltd. in Hong Kon... -
Finance 0
Dow Jones News: Dow Surges 232 Points As Wall Street Cheers President Trump’s Tax Reform Push
The Dow rallied over 200 points thanks to increased optimism President Donald Trump will be able to push pro-growth economic policies through Congress in 2017. Let’s look at the numbers from Tuesday for the Dow, S&P 500, and Nasdaq: Closing Bell April 25, 2017 Trading Point Gain/Loss Percentage Gain/Loss Dow Jones 20,996.12 + 232.23 + 1.12% S&P 500 2,388.61 + 14.46 + 0.61% Nasdaq 6,025.49 + 41.67 + 0.70% 3 Stock Market Stories to Watch Shares of Goldman Sachs Group Inc. (NYSE: GS) climbed 1.5% as markets grow more optimistic over tax reform. Shares of McDonald’s Corp. (NYSE: MCD) climbed more than 5% as same-store...
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