Employment for February is +295,000 and unemployment is down to 5.5%. The US dollar rocketed upward and more importantly, so too did short-term interest rates (esp. in relation to long-term…
[edit] As noted in the email: Note: My apologies for posting it so late in the day. In fact I am delaying this email a few more minutes so that…
EDA has compiled US Machine Tool sales data for January and it was not good at all. This is the leading edge of manufacturing and it is trending lower. 'But…
Crude oil has bumped back above the MA 50 and bears watching here. In this morning’s update it was noted that commodities are not interesting until there is a reason for interest. This is a preliminary one.
US Stock Market
Nasdaq hit 5000, market sentiment became over bullish to an extreme and yesterday was a down day. Indexes put a tail on their candles and closed above the low of the previous day. SPX was the worst potential offender of the major indexes yesterday. Had it closed below Monday’s low we’d have noted that as short-term bearish.
As posted at Biiwii this morning…
There is a writer we’ll call Don Quixote who is tilting at something that no longer really exists… the evil gold promoters that used to be taken seriously by innocents to the tune of near total destruction of their portfolios.
Don once went on about the gold cult and I even highlighted his post because I had been going about the gold cult as well. The cult-like aspect of the gold “community” (← a dead giveaway) was real, and the group-think that the 2001-2011 bull market fostered was very strong and really damaging to those who did not question its tenets until it was too late.
Folks, with the SOX hovering just below target, the Biotech sector arcing upward, the Russell 2000 having broken to the upside, the VIX back near its lows, Nasdaq 5000 headlines...…
ISM has eased again and looking at the comments from individual respondents, it sure looks like the West Coast port shutdown is having an impact. Some notables are highlighted. Meanwhile,…
332 is a good one. They all have been lately in my opinion. I know that because each week doing the work in these reports (and in-week updates) helps orient…
What do you do when you are in the middle of writing a premium market analysis report, but it's sunny outside and the temp has crept all the way up…
Gold's CoT data predictably improved again this week, but here I think some discussion is needed just in case it starts to get hyped too much. Below is the CoT…
We NFTRH+'d GOOGL back on Feb. 17. Since then it has done what I wanted in dropping to support for a buying opportunity. It then did what I didn't really…
Before the hype of PDAC kicks in (and I install my ear plugs against it) here is one more gold sector chart that I find interesting, to say the least.…
I have positions in both hedged and unhedged Europe, as you know. This was due to the (thus far incorrect) view that the USD would correct and the Euro bounce.…