Latest Posts
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Finance 0
Why We Are So Bad At Solving Problems
Before you raise your voice, please allow me to say that I do indeed know this starts to feel like a set of Russian dolls, and this is a re-run of a re-run. It’s just, I didn’t start it. Got a mail yesterday from the people at OpEdNews.com asking if I would allow them to repost something I wrote over a year ago. And since I’m notoriously bad at remembering anything I wrote even just 24 hours ago, when I read what they wanted to republish, it was almost like a whole new world opened up for me. And I kind of liked it. And only then I saw that what they had read, which was published May 2, 2015 as Quote Of The Year. And The Next. And The O... -
Finance 0
Playing With A Breakdown; Market At An Inflection Point; Now It Gets Interesting; AAPL Broken
The market has been bifurcated for quite some time with froth leading lower while the Sp and Dow try to hold up the market. Money has been rotating in to the Sp because that’s where lower froth, lower p/e and higher dividend stocks live. Big money hasn’t made the big move yet of distributing out their plays. While they are acting more risk averse, they still have been playing as if they want to spend more time with the world of the Sp 500 stocks. We know this because while the Nasdaq has long ago lost the 20, 50 and 200 day exponential moving averages, the Sp 500 before today was above its 50 day exponential moving average. It h... -
Finance 0
Time To Short The Automakers?
The following investment idea is VERY RISKY. ACCEPT THE FACT YOU COULD LOSE YOUR ENTIRE INVESTMENT. If this makes sense to you, buy in-the-money puts. Motor vehicle sales were an 18.1 million annual rate in December 2015. They fell to a 16.6 million annual pace in April, rebounding slightly to 17.4 million in May. But big sales incentives drove the latest sales increase. From the Detroit News: Helping increase Fiat Chrysler’s April sales were some of the highest incentives in the industry of nearly $4,000 on average per vehicle sold, up 25.1 percent from a year ago, according to TrueCar. That compares to a 14 percent increas... -
Finance 0
Treasury Snapshot: Approaching Five Months Since The Fed’s December Rate Hike
Let’s take a closer look at US Treasuries since the Fed’s December rate hike decision, the first increase in a decade. The yield on the 10-year note ended the day today at 1.71%, which is at the low end of the year-to-date range of 1.63% to 2.25%. The yield on the 2-year note closed today at 0.76%, well below its 1.09% interim high set the last week of 2015. The first chart shows the daily performance of several Treasuries and the Fed Funds Rate (FFR) since 2007. The source for the yields is the Daily Treasury Yield Curve Rates from the US Department of the Treasury and the St. Louis Fed’s FRED repository for the Fed Fund... -
Finance 0
Market Top Trading
I did a technical video of the markets and where we stand going forward. I reviewed the following: SPY, QQQ, IWM, DIA, GLD, SLV, USO, FB, AMZN, NFLX, GOOGL, AAPL, XLE, GM, LNKD Enjoy! (Video length 00:16:11)... -
Finance 0
3 Top-Ranked Dreyfus Mutual Funds To Consider
With nearly $286 billion of assets under management, The Dreyfus Corporation is considered as one of the leaders in the investment management and distribution domain in the U.S. Founded in 1951, the company invests its assets in mutual funds from different categories, including both equity and fixed-income mutual funds. Separately, its parent company, BNY Mellon seeks to offer a wide range of financial services including investment management, investment services and wealth management across 35 countries. BNY Mellon was established in 1784 by Alexander Hamilton and currently has nearly $1.6 trillion assets under management. Below we share wit... -
Finance 0
Gilead At Crossroads After Losing Title Of Biggest Biotech, JPMorgan Says
Gilead (GILD) is no longer the biggest biotech by market cap in the world, a position now occupied by Amgen (AMGN), but the bearish news may not stop there. JPMorgan analyst Cory Kasimov says Gilead’s shares look cheap, but may remain that way if no changes are implemented. AMGEN ECLIPSES GILEAD: Gilead is no longer the world’s biggest biotech company by market cap, with Amgen taking over as the leader. According to Yahoo Finance data, Amgen’s market cap is over $115B, versus Gilead’s at around $111B. Market capitalization can be an important data point for investors to keep an eye on, as it gives a true comparison of ... -
Finance 0
Stocks Bloody On Friday 13 As Treasury Curve Crashes To 9 Year Lows
Scared… you should be… These guys were… Can it get worse?Flight 666 to HEL on Friday 13th pic.twitter.com/sZeaSFpVCD — Mike (@FR24mike) May 13, 2016 Trannies plunged back to unchanged year-to-date… On the week, bad news was bad news and good news was worse news…Nasdaq could not cling on to green but Trannies were trounced… Once again – the 4th time – S&P 500 was “bounced” off unchanged year-to-date, thanks to some VIX action… Head-and-shoulders, touch your ties… Worst 4-week drop for Retail Stocks since Sept 2011… AAPL is back at 2 year lows – suffered i... -
Finance 0
S&P 500 Snapshot: Down For The Day And For The Third Consecutive Week
Despite better-than-expected April Retail Sales and a conspicuous uptick in Consumer Sentiment, US equities had a bad day. Our benchmark S&P 500 opened fractionally higher and hit its 0.13% intraday high in the opening minutes. It then fell to its modest morning low, rebounded into the shallow green and then sold off more aggressively to its -1.02% intraday low shortly before the final hour. A slight drift higher subsequently trimmed the closing loss to -0.85% for the day and -0.51% for the week, the third consecutive weekly decline. At its intraday low, the index briefly dropped into the red year-to-date. As for the old “sell in...
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