The euphoria of rising U.S. oil production continues in the Mainstream media while troubling signs are now taking place at the Bakken.Even though overall U.S. oil production has climbed due an increase in drilling rig activity, supply from the Bakken has stalled. According to the most recently released Drill Productivity Report from the EIA – U.S. Energy Information Agency, oil production at the Bakken is forecasted to decline in May: The data from the Drilling Productivity Reports states the Bakken will add 43,000 barrels per day (bd) of new oil production in May, but its Legacy Decline will be 44,000 bd. Thus, overall oil production at t...
The Chart of the Day belongs to Blueprint Medicines (BPMC). I found the oncology stock by using Barchart to sort today’s All Time High list first by the highest Weighted Alpha then for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 2/27 the stock gained 25.96%. Blueprint Medicines Corp is an oncology company which is engaged in developing kinase inhibitors for genomically defined cancer subsets. Blueprint Medicines Corp is based in Cambridge, MA. The status of Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the ...
The Chart of the Day belongs to Blueprint Medicines (BPMC). I found the oncology stock by using Barchart to sort today’s All Time High list first by the highest Weighted Alpha then for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 2/27 the stock gained 25.96%. Blueprint Medicines Corp is an oncology company which is engaged in developing kinase inhibitors for genomically defined cancer subsets. Blueprint Medicines Corp is based in Cambridge, MA. The status of Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the ...
Tthesis: Coach Bill Belichick of the New England Patriots is one of the best football coaches of all-time and his ability to find value in the NFL Draft holds many lessons for investors. Wait for opportunities Cut losses No nostalgia Understands valuation Avoids overpriced areas Method to the Madness: How Belichick Rules the Draft Patiently waits for opportunities: “Bill Belichick is smart, but sometimes he succeeds just by aiding other teams’ efforts to be stupid.” There are times when the market presents unbelievable opportunities to profit (like in the financial crisis of 2008), when many investors were panicking. The har...
In this article, I will discuss the findings posted in the IMF’s Global Stability Report and some of the latest economic statistics. The IMF’s report was shocking as it has graphs that look like what economic realists like John Hussman and David Stockman publish. When the bearish narrative leaks into government reports, you know the situation is dire as the government has a bias towards being positive. I consider the current period to be the ultimate test in intellectual integrity. If you don’t think stocks are expensive when the S&P 500’s price to sales ratio is the highest ever, you clearly ignore facts. The debt in the economy ...
“There is no cause to worry. The high tide of prosperity will continue.” Andrew W. Mellon, Secretary of the Treasury, September 1929 “Secretary Lamont and officials of the Commerce Department today denied rumors that a severe depression in business and industrial activity was impending, which had been based on a mistaken interpretation of a review of industrial and credit conditions issued earlier in the day by the Federal Reserve Board”. New York Times, October 14, 1929 “While the crash only took place six months ago, I am convinced we have now passed the worst and with continued unity of effort we shall rap...
Financials, energy, and resources took Asian markets weaker early in the sessions but had reversed all by the close with only the Nikkei not managing a gain. The Yen lost a lot of momentum today having faded the 108.00 level and late this US evening plays around the 109.40 range. Data released from China has not been that bad and so any global reversal was bound to have a more pronounced effect for the Shanghai and Hang Seng indices. The ASX had also taken its fair share of the beating this week and so also saw a healthy rebound. The market appears to be taking this weekends French election in its stride and is set for a run of the mill type ...
Quotable “Come what may, all bad fortune is to be conquered by endurance.” –Virgil Clarity in the currency markets of late has been cloudy at best.The competing rationales continue to be: 1) End of the Trump reflation trade and therefore the US dollar has peaked: or 2) It wasn’t necessarily the reflation trade (which still may be on but delayed) but the rising US yield differential supporting the dollar on the back of three Fed hikes in 2017 which was the driver anyway. Some news from today and yesterday gave us a bit more confidence in our Wave chart setup…. This headline story from Reuters, coupled with some data that sugge...