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Why I Got Long Oil Today
Reading Time: 2 minutesI think oil is starting to become oversold in the way the financials were a month ago: At $113 a barrel oil is down about 23% from its highs last month. The 200 DMA (Day Moving Average) is right around…
Trump Is Dangerous and That’s Not Good For Stocks – Or More Importantly World Order
Reading Time: 5 minutesThere is something not at all right when the weightiest decisions of a democratic republic depend so much on the mood of one man – Peggy Noonan, “A Republic, Not A Mood” [SUBSCRIPTION REQUIRED], WSJ Saturday April 4 The world…
Is The Rotation From Growth to Value or Offense to Defense?, Monday’s Bizarre Internals and What They Might Mean
Reading Time: 7 minutesMost analysts have been characterizing the current rotation in markets as from Growth to Value. However, while on Monday the S&P 500 Value ETF (IVE, -0.02%) outperformed the S&P 500 Growth ETF (IVW, -1.95%), on Tuesday growth (-0.43%) outperformed value (-1.35%). This calls into question the Growth to Value narrative.
Deescalation of Russia/Ukraine Would Lead To A Big Pop In RSX
Reading Time: 3 minutesAs the NASDAQ chops around between 13,000 and 14,000 as I suggested it would during last Friday’s session in “A Countertrend Rally” ahead of Friday morning’s February Jobs Report at 8:30am EST, my attention is turning to Russia and the…
1.9% Same Store Sales Drop At Walmart
Reading Time: 1 minuteThis one really surprised me. Walmart (WMT) has been benefitting from the recession as consumers trade down. But this morning they reported a 1.9% same store sales drop for the quarter ended July 31, 2009. Does that mean consumers are…
Three Die Hard Bulls Throw In The Towel
Reading Time: 5 minutes“Let’s keep paying attention to bulls who finally throw in the towel. We are only at the very, very beginning of this process and it will take a year or two more to shake out the ones who are capable of…
