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Finance 0
According To JPM’s Quant Guru, This Is The “Main Risk For The Market” Right Now
Over the past two weeks we observed two curious, vol-related phenomena. First, it was Tom DeMark cautioning that even as stocks have surged, the amount of VXX shares outstanding has soared to record highs, a seemingly contradictory confluence of events because it suggested that investors, traditionally “going with the market flow”, are betting on a major vol reversal and furthermore the move contradicts historical shifts in VXX holdings at times of extreme market upside. Second, just days later, Goldman confirmed as much when looking at overall market volatility, admitted that “our view that the VIX may remain low in the ne... -
Finance 0
Unsavory Business Model
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 217 = 17,711 SPX- 19 = 2064 NAS – 49 = 4760 10 Y – .02 = 1.74% OIL + 1.57 = 46.23 GOLD + 11.40 = 1277.70 The Dow Jones industrial average had its worst day since Feb. 11. The S&P 500 closed 0.96 percent lower for its worst day since April 7. Consumer discretionary led nine sectors lower. Oil turned higher and extended gains to close at a high for the year after the EIA’s weekly inventory report showed a decline of 3.4 million barrels, versus expectations of a slight build. Yesterday, the American Petroleum Institute reported a 3.4 million-barrel... -
Finance 0
Swing Trading Watch-List – May 11, 2016
Here’s your swing-trading watch-list: Short Emerson Electric (EMR) Short Fluor (FLR) Short Wynn Resorts (WYNN) Long Walt Disney (DIS) Long Sinclair Broadcast Group (SBGI)... -
Finance 0
Unfortunately, It Was Only A Brief Moment Of Clarity
I have referred to the June 2003 FOMC meeting many times before and I suspect that I will continue to do so long into the future. It was one of those events that should be marked in history, truly relevant to the future developments that became panic and now sustained economic decay. It’s as if the committee members at that time anticipated their current powerlessness – yet did nothing about it. Their preferred course from that moment until August 2007 was relieved ignorance. Despite the fact that the dot-com recession had ended more than a year and half before that gathering, the FOMC voted at that time to lower the federal funds targ... -
Finance 0
Why Nvidia Should Be In Your Portfolio Ahead Of Earnings
Photo Credit: Maurizio Pesce NVIDIA Corporation (NVDA) Information Technology – Semiconductors | Reports May 12, After Market Closes Key Takeaways The Estimize community is calling for earnings per share of 34 cents on $1.29 billion in revenue, 2 cents higher than Wall Street on the bottom line and $19 on the top The company is expanding out of traditional PC gaming into data centers, automotives and visualization Gaming still accounts for a majority of Nvidia’s revenue while automobiles are its fastest growing division. What are you expecting for NVDA? Get your estimate in here! Chipmaker, Nvidia is scheduled to report first qua... -
Finance 0
The Frogs Are Boiling Again—Why Wall Street Stays In The Pot
Yesterday’s spasm of machine rage begs a question. After the S&P 500 has chopped sideways for 600 days in no man’s land either side of 2060, and given the baleful headwinds now gathering from all points in the global economy, there is absolutely no reason to stay in the casino. At Tuesday’s closing level there was, at best, a 2% upside back to the May 2015 high of 2130, and a momentary one at that. In the other direction stood the prospect of at least a 40% of downside to 1300 (15X current shrinking earnings of $87/share) when the third great central bank bubble of this century inexorably bursts. Anyway, the likelih... -
Finance 0
Gold: Halts Weakness, Targets Further Bull Pressure
Gold: The commodity has halted its weakness and triggered a bull pressure. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level. Further down, a cut through here will open the door for a move lower towards the 1,250.00 level. Below here if seen could trigger further downside pressure targeting the 1,240.00 level. Conversely, resistance resides at the 1,285.00 level where a break will aim at the 1,300.00 level. A turn above there will expose the 1,310.00 level. Further out, resistance stands at the 1,320.00 level. All in all, Gold looks to weaken further correction.... -
Finance 0
Burrito Bet
Super bull Plunger is calling for a straight up move to 400 on the HUI with no pullback. That would be the most extreme baby bull rally in history. I think we are going to need some corrective moves along the way. We’ll see who is right. ... -
Finance 0
Market Talk – May 11, 2016
A positive opening for the Nikkei, trading up +1% at the opening bell but sadly could not hold onto the gains and we eventually closed little changed on the day. The Hang Seng was the poor performer closing down almost 1% whilst Shanghai was a touch better. Asia really had little top topics but we have seen futures take Asian markets lower in sympathy with global exchanges. Currently, we see HSI, Nikkei and China 300 all lower between 0.3 and 0.6% weaker. With Asia not providing a direction for the European opening, dealers focused on sentiment and the concerns all Asian indices were closing at or close to their lows. The majority of the day ...
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