Welcome to my “Strength and Comparison” article for the coming week. For analyzing the best pairs to trade looking from a longer term perspective the last 3 months Currency Classification can be used in support.This was updated on 7 August 2016 and is provided here for reference purposes:Strong: USD, JPY, NZD. The preferred range is from 6 to 8. Average: CHF, AUD, CAD. The preferred range is from 3 to 5. Weak: EUR, GBP. The preferred range is from 1 to 2. ______________________________________ 13 Weeks Currency Score Strength The 13 Weeks Currency Strength and the 13 Weeks Average are provided here below. This data and the...
Which summer real estate markets dominated in 2016? The real estate market has enjoyed a tremendous first-half so far in 2016. What began as a sultry spring selling season has blossomed into a sensational summer, as real estate markets from June to August have experienced some of the biggest gains since before the recession. According to Realtor.com, here are the numbers from this year’s summer real estate markets: Home sales in the first-half of 2016 have increased five percent compared to the the first half of 2015. Sales in June were up 25.4 percent compared to the same period in 2015. The median sale price of new homes sold in Jun...
A genius can’t be forced; nor can you make an ape an alderman. – Thomas Somerville By any estimate, the uranium market is trading in the extremely oversold ranges, but when the trend is down, a market can trend into the extreme of extremely oversold ranges, and we have seen this occur many times in the past. The 15-year chart illustrates that the next layer of support comes into play in the $21.50-$22.00 ranges, so despite being extremely oversold the market still has room to trend lower. One positive is that the trend is about to turn neutral and if it does it would be the first move into the neutral zone in a very long time. U...
Listen to the Podcast Audio: Click Here Mike Gleason, Money Metals Exchange: It is my privilege now to be joined by Michael Pento, president and founder of Pento Portfolio Strategies and author of the book The Coming Bond Market Collapse: How to Survive the Demise of the US Debt Market. Michael is a money manager who ascribes to the Austrian school of economics and has been a regular guest on CNBC, Bloomberg, and Fox Business News, among others. Michael, it’s good to talk to you again. Thanks very much for joining us today and welcome back. Michael Pento, Pento Portfolio Strategies: Thanks for having me back on. Mike Gleason: Well to...
It’s more than a little puzzling to me that interest rates are dropping, but financials are strengthening – of course, in this market, it seems everything is required to go up, logic be damned, so who am I to argue? In any case, the horizontal I’ve highlighted below is Custer’s Land Stand for the important broker/dealer index....
Historically, gold bull markets last years and as you can see in the following chart from Casey Research we are still in the very early innings of this one. As OtterWood Capital notes, Gold has been correcting recently and the question is how much further can it go? During any bull market the long term moving averages act like support (I look at the 50th day and 200th-day moving averages). Gold has broken through the 50th day and could fall as far as the 200th day and still be in a perfectly normal bull market. Corrections in long term bull markets happen repeatedly and should be bought....
In a continuation of its response to widespread criticism, pharmaceutical company Mylan NV (MYL – Analyst Report) announced Monday that it will launch a generic version of the EpiPen at a 50% discount to the standard version of its popular allergy medication. The unexpected move comes just days after Mylan announced that it will take several steps to make EpiPens more affordable after a number of healthcare reform advocates, including Democratic presidential nominee Hillary Clinton, directed criticism towards the company last week. Clinton and others used the EpiPen as an example of the oftentimes absurd pricing strategies that have b...
With the Jackson Hole drama behind us, US equity indexes had a good day today. Our benchmark S&P 500 popped up in the opening 15 minutes and then gradually rose to its 0.67% intraday high in the early afternoon. The final two hours of trading trimmed the gain to 0.52%. Today’s advance snapped a modest three-day sell-off. The yield on the 10-year note closed at at 1.57%, down five basis points from the previous close. Here is a snapshot of past five sessions in the S&P 500. Here is daily chart of the index. A preliminary read on the today’s volume came in at its 2016 low. A Perspective on Drawdowns Here’s a snapshot o...
A respectable day for markets, unwinding much of the damage caused by Friday’s selling. Volume was down, which softened the day’s buying. The S&P had the best of the action, which was a little against expectations for Tech/Semiconductors to drive the gain. The Nasdaq only managed half the gain, but there was still a lingering weakness with some selling into the close. The 20-day MA is acting as supply. The Russell 2000 broke rising support on Friday and while it gained today it didn’t do enough to recover the trendline break. I haven’t mentioned it much, but VXN volatility is looking like it’s setting up for ...
Important to note when you hear anyone talking about bubbles today. The last two “bubbles” (housing and internet) featured an S&P500 40% to 50% above its intrinsic value… we are nowhere even close to that today. “Davidson” submits: Dallas Fed reports 12mo Trimmed Mean PCE-1.6%. This places the Vaue Index higher at $2,118 vs. SP500 $2,180 (SPY) today. Inflation is part of the Natural Rate capitalization calculation. Falling inflation results in higher levels for the Value Investor Index and justifies higher market valuations. ...