Latest Posts

  • Finance 0

    EUR/USD Threatens Further Weakness Towards 1.0909 Level

    EURUSD: With a reversal of its previous week’s gains seen the past week, more decline is envisaged. Support lies at the 1.1000 level. Further down, support comes in at the 1.0950 level where a violation will aim at the 1.0900 level. A break of here will target the 1.0850 level. Its weekly RSI is bearish and pointing lower supporting this view. Conversely, on the upside, resistance comes in at 1.1100 level with a cut through here opening the door for more upside towards the 1.1150 level. Further up, resistance lies at the 1.1200 level where a break will expose the 1.1250 level. All in all, EUR/USD remains biased to the downside in the medium...
    On July 10, 2016 / By
  • Finance 0

    Where The June Jobs Were

    While the quantitative aspect of the June jobs report was stellar, so stellar in fact that not a single Wall Street forecaster expected it would happen, the next question is what was the qualitative component of this unprecedented Establishment Survey beat. Here are the details of the 287K jobs supposedly added: Leisure and Hospitality added 59,000 minimum wage jobs Education and Health also added 59,000 mostly minimum wage jobs Retail Trade added 30,000 certainly minimum wage jobs With more than half of job additions being minimum wage one can see why the June average hourly earnings increase was below the expected 0.2% (and 2.7% Y/Y), inste...
    On July 10, 2016 / By
  • Finance 0

    Weekly Economic & Political Timeline – 7/10/2016

    There is a lighter news schedule this week, which includes input from central banks concerning the GBP and CAD, as well as some fairly important U.S. economic data later in the week. Markets are still focused on the better than expected U.S. data last Friday which pushed the major U.S. equity index to a weekly close just a few points below its all-time high. Markets are quite active so it is likely to be a good trading market this week. The key days this week are likely to be Wednesday, Thursday and Friday. U.S. Dollar It will be a fairly busy week for the Greenback. Wednesday will see the release of Crude Oil Inventories data. On Thursday we...
    On July 10, 2016 / By
  • Finance 0

    Quick Guide To Northern Small Cap Value Fund

    Northern Small Cap Value Fund (NOSGX – MF report) a Zacks Rank #2 (Buy) was created in April 1994 and is managed by Northern Trust Investments. NOSGX seeks to provide long-term capital appreciation. NOSGX employs a highly structured, value-oriented approach. NOSGX invests, under normal circumstances, at least 80% of its net assets in the equity securities of small capitalization companies. Although NOSGX primarily invests in the securities of U.S. issuers, it may make limited investments in the securities of foreign issuers either directly or indirectly (for example, through ADRs). This Small Value product, as of the last filing, al...
    On July 10, 2016 / By
  • Finance 0

    T2108 Update A Day To Be Long Almost Anything And Everything

    (T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are occasionally posted on twitter using the #120trade hashtag. T2107 measures the percentage of stocks trading above their respective 200DMAs) T2108 Status: 65.1%T2107 Status: 65.2%VIX Status: 13.2General (Short-term) Trading Call: neutralActive T2108 periods: Day #102 over 20%, Day #8 over 30%...
    On July 10, 2016 / By
  • Finance 0

    Market In-Review: Stocks Continue To Gain On A Strong Nonfarm

    ? Stocks increase as June’s Nonfarm indicates 287K jobs added to U.S. economy ? S&P500 adds 1.5% Fri to a hair below the index’s all-time record high ? Positive NFP momentum aids E.U. equity to continued gains ? June minutes reveal a dovish Fed, eroding rate hike woes ? Oil prices fluctuate amid DoE/API crude inventory reports Markets celebrated yet another positive week, gaining on Friday’s strong U.S. Job market data. Optimism from the addition of no less than 287K jobs to the U.S. in June, according to the Nonfarm Payrolls report, quickly shifted to the S&P rising about 0.8% towards mid-day, as European markets were closing, ...
    On July 10, 2016 / By
  • Finance 0

    USD Strengthens, Labor Market Shows Gains, Chinese Inflation Grows

    The U.S. dollar showed strength last week. Non-farm payroll released on Friday indicated that the labor market had snapped back from a downwardly revised 11k jobs (-6k private sector) to 287k (265k private sector), the strongest employment gain in eight months. The dollar advanced against most of the major currencies, except the yen and the Australian and New Zealand dollars. The RBA remained neutral, with the RBNZ hinting that until major new policies were implemented to address the housing market, a rate cut could be counterproductive. The greenback also appreciated against most emerging market currencies except the Argentine peso. Focus fo...
    On July 10, 2016 / By
  • Finance 0

    Morgan Stanley Warns That Rising Rig Count Could Undo The Rally

    In an industry where anything could happen, surprises—often unwelcomed—are hard to come by. Oil is exactly such an industry at the moment. No one is sure where oil is heading, near-term forecasts range from $20 to $80 per barrel by the end of the year, and there are just too many wild cards on the scene.  So, in a sense, the news that shale producers are launching more drilling rigs is not really news at all. It was expected, the companies themselves said they are ready to start ramping-up production as soon as prices reach some more reasonable level. What’s new, perhaps, is Morgan Stanley’s warning that production from the new...
    On July 10, 2016 / By
  • Finance 0

    WTI Crude Oil Price Forecast: ~13% Decline Puts Fear Back In Crude Bulls

    The price of WTI Crude Oil (CFD: USOil) traded at its lowest levels in 42 trading days or since May 11. The shortened week showed dual risks building up as inventory showed less demand than anticipated. The weak DOE data on Thursday was followed by a strong Non-Farm Payroll that may act as a boost for the US Dollar. This week’s inventory data continued the trend over the last 6-weeks of draws on the stock of U.S. Crude Oil Inventory. We simply had a smaller draw than expected which was enough to send WTI Crude Oil below previously identified support of ~$45/bbl. Another building fundamental story to keep an eye on before we get to the char...
    On July 10, 2016 / By
  • Finance 0

    Guide To DFA Global Allocation 60/40 I Fund

    DFA Global Allocation 60/40 I (DGSIX – MF report) a Zacks Rank #1 (Strong Buy) seeks total return consisting of capital appreciation and current income. DGSIX invests its assets in domestic and international equity underlying funds and fixed income underlying funds to achieve an allocation of approximately 40% to 80% of the 60/40 Portfolio’s assets to domestic and international equity underlying funds and 20% to 60% of its assets to fixed income underlying funds. This Allocation Balanced fund, as of the last filing, allocates their fund in three major groups; Large Value, Intermediate Bond and Foreign Stock. Further, as of the l...
    On July 10, 2016 / By