Notes for DailyFX Podcast – June 6

Notes for DailyFX Podcast – June 6

Market Thoughts The rally in safe haven assets such as Treasuries and the US Dollar, while equities have sold off sequentially week-to-week, is raising worries that the economy is in trouble but stocks don’t know how badly yet. Will we sell off in a more pronounced...
The Week Ahead: April 28-May 3

The Week Ahead: April 28-May 3

Market Thoughts: Anything can happen For the week, the S&P 500 gained 1.2% and the NASDAQ 1.9% – that is the 5th straight up week for the NASDAQ. Despite this continued move higher, macro data continues to deteriorate.  The U.S. economy grew at an annual rate of 3.2% in the first quarter, well above the 2.3% estimated […]

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Gone Fishing Newsletter: Cautiously Complacent

Gone Fishing Newsletter: Cautiously Complacent

Reflections and Inflections This has been one of the strongest V-shaped market recoveries in history. The equity market’s move off its Christmas Eve low now ranks fourth by order of magnitude (+23%) among all bear market recovery rallies since 1950: Nov’08- Jan’09 (+27.4%), Sep’01-Jan’02 (+24.6%), and Jul-Aug’02 (+24.4%) were stronger. But this rally is longest […]

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Market Huddle Notes

Market Huddle Notes

Current Events Healthcare sector went to the emergency room. IF… If it was more than an excuse from fear of a policy change – “Medicare for All” – the speed of selling could happen to other sectors – one by one. And that brought to mind...

The Week Ahead: April 15-19

Market Thoughts The question on everyone’s minds – bears and bulls – will the SPY march straight up to ATH at $2940? With Big Banks out of the way Monday, and Old Tech (IBM) plus New Tech (NFLX) out of the way tonight, we are now a stone’s throw from my SPX $2920 Turn Target […]

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Commodities at an Inflection Point

Commodities at an Inflection Point

The energy sector is expected to be the worst performing sector in terms of YoY earnings, according to FactSet. Maybe, but given how much Oil has advanced this year, it can’t be all that bad I’m thinking! Even Bespoke came out with research that predicts...
Gone Fishing Newsletter: Bear Market Rally

Gone Fishing Newsletter: Bear Market Rally

This coming week will be the 10-year anniversary of when the S&P bottomed out at 666 amid the financial crisis. We hit $2940.91 on September 21 of last year, a 341.59% advance! But it took only two months – the best two-month rate-of-change run in history...
Market Thoughts: The Week Ahead March 5-9

Market Thoughts: The Week Ahead March 5-9

The Reflation Trade may be in the early innings, again, as last week Bonds dropped as Yields (US and German) spiked along with China’s Shanghai index. The USD continued to hold steady while Gold retreated as rates rose. Stocks traded in a tight range with SPX...
Gone Fishing Newsletter: Way Strong Still

Gone Fishing Newsletter: Way Strong Still

Here Are Some of My Potentially Bullish Intermarket Analysis Charts My Stock-Bond-Volatility ratio work says “yes, we may have a one-day wonder” in Volatility, but more likely we break the 65D and head down to bottom of the channel. That would mean SPX...
Fishing Idea: Is All That Glitters Gold?

Fishing Idea: Is All That Glitters Gold?

Incredibly Bullish Charts for Gold The correction we experienced last week – wherein $2.6 Trillion was lost in the Global Stock Market – was due to the Velocity of the Rate Spike that triggered an Emerging Market and Volatility panic (the volatility index...
Market Thoughts: Mid-Week Review

Market Thoughts: Mid-Week Review

Here were my Market Themes heading into the Week as discussed in my Live Trading Room: Yes Brazil, No China My 9/21 Brazil into Oct 8 Election theme: well these three cost/margin efficient trade tactics, those Risk-Defined financed Call spreads will be over 10X. I...