Latest Posts
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Finance 0
The Crazy Chicken
On the heels of my very successful Fiesta Restaurant Group (FRGI) short, may I offer up another idea to short Mexican cuisine? I present to you El Pollo Loco:... -
Finance 0
And Here, It Is Only Wednesday…
Two days as market features mirror trading day images of each other. This only serves to confuse investors, and me too! One takeaway leads to volume consideration once again. The theme has been weak volume on rallies but high volume on sell-offs. Wednesday featured similar action as higher volume on selling marks distribution while the other features poor participation. Volume on selling Wednesday increased modestly (6%) from Tuesday’s rally. So that distinction still occurred from light volume vs heavy volume action. Leading the way higher was crude oil as inventories showed a sharp decline which is bullish and USO responded up 3.25%. The ... -
Finance 0
Stocks Dump, Bonds Jump As Retail Wreckage Trumps Crude Spike
Remember how awesome it all felt yesterday, yeah that’s all gone… Pride (in senseless uncorrelated low volume rallies) always comes before the fall… Macy’s (M) ate the jam out of the market rally’s donut today despite crude’s spike (and thus Energy stocks) on the DOE inventory draw… This was S&P Retail Sector’s worst day since Aug 2011… Who could have seen that coming? And it’s gone…yesterday’s panic buying algo turns into a sell it all algo… Trannies worst day in 2 months… As it touched its 50DMA from below and dropped back below its 200DMA… As Th... -
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Martin Marietta Materials – Chart Of The Day
The Chart of the Day is Martin Marietta Materials (NYSE:MLM). I found the building materials stock by using Barchart to sort today’s All Time High list first for the most frequent new highs in the last month, then again for technical buy signals of 80% of more. Next I used the Flipchart feature to review the charts for consistency. Since the Trend Spotter signaled a buy on 2/12 the stock gained 40.15%. Martin Marietta Materials producer of aggregates for the construction industry, including highways, infrastructure, commercial and residential. The company also manufactures and markets magnesia-based products, including heat-resist... -
Finance 0
Two Bar Reversals
After yesterday’s gain it was disappointing to see such quick reversals. The Dow finished with the classic paired reversal. While this is bearish there are bullish factors to consider such as positive On-Balance-Volume, the 50-day MA, and stochastics above the bullish mid-line. Today’s loss in the S&P is keeping to a bearish reversal head-and-shoulder pattern, its neckline marked by the hashed blue line; a close below it, and the 50-day MA will confirm. This will open up for a test of 1,940. Technicals are improving, with even the MACD close to a ‘buy’ trigger. The Nasdaq reversed just below converged resistance of... -
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Investing 101: Be Patient When Markets Are Looking For A Trend
There is nothing as powerful as a market that is trending. Think of the U.S. stock market in 2013/2014, or gold in 2010/2011. For short sellers, the crude oil market in 2015 was a wet dream. What we currently see, however, is a neutral market. There is no trend, and that is by far THE most difficult thing to deal with, at least for the majority of investors. In a trendless environment, investors feel the need to “do something”. When you think about logically, you will conclude that it is better to give trendless markets time so they can choose a direction. While that is correct in theory, it appears not as simple in reality. Does th... -
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Binary Options Asset Insights – May 12, 2016
During the session on Thursday we get an interest-rate announcement coming out of the United Kingdom, which of course will be followed by currency traders around the world. We also get FOMC Members speaking during the course of the day and of course the Unemployment Claims numbers out of the United States. All in all, this could be the beginning of volatility for the week. DAX falls The German index fell slightly during the course of the session on Wednesday, but not enough to change the overall uptrend that we have been in a since the middle of February. Because of this, it’s very likely that a supportive candle will get call buyers involv... -
Finance 0
Gloom And Doom On The S&P 500
Yup – you got it – a head and shoulders pattern on the daily chart. Folks – we have head and shoulders inside of head in shoulders that are inside of head and shoulders. Quite Frankly I’m afraid that if one H&S pattern sees another H&S pattern that it could create an alternate reality that threatens to destroy the very fabric of the space-time continuum. Yikes!... -
Finance 0
Jobs: How Good Are The Jobs The Economy Is Creating?
The Wall Street Journal has an interesting report on the jobs created since the recession. The article takes a close look at employment and wage data to see the makeup of newly created jobs. There are some flaws and data inaccuracies in the Journal report. Nonetheless it is an excellent starting point for discussion. Please consider Just How Good (or Bad) Are All the Jobs Added to the Economy Since the Recession? One refrain we hear often from readers of Real Time Economics is that the majority of jobs employers are creating are — in their words — not good, part time, temporary or seasonal minimum-wage positions offering scant benefits, m... -
Finance 0
BBC Global 30 Index Is Signalling That This Bull Market Is Not Over
All men can see these tactics whereby I conquer, but what none can see is the strategy out of which victory is evolved. – Sun Tzu The BBC Global 30 index gives one an idea of how the global economy is doing; it combines the economic information of 30 of the world’s largest companies. If it is faring badly, then it’s a signal that the global economy is not holding up well. The one-year chart illustrates that all is well on the surface and that the process of flooding the markets with hot money, in general, is working rather well. The index could drop all the way down to 7200, and the short-term outlook would remain bullish. ...
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