Equities Outperforming Other Asset Classes U.S. Treasury Bonds ($USB) have risen since October 2018 (see Panel 1, Chart 1) after mostly declining from a high of 176.06 in June 2016 to a low of 136.40 in October 2018. It is approaching the high, 157.94, of Q3 2017. On relative basis, $USB is under-performing the equities,…
The large cap indices – S&P 500 and Dow Jones Industrial Average (DJIA) – are in confirmed uptrend along with the tech-heavy NASADAQ Composite. Their all three timeframes – monthly, weekly and daily – are showing varying degree of uptrend and bullish chart formations. The broader market index, Wilshire 5000 Total Market Index, is also…
Trading is a serious and a funny business. On the one hand it requires a tremendous amount of patience, subject knowledge, skills and experience. On the other hand it also requires a good amount of luck although many will say this for the luck part. Similarly there are legions of past, current and wannabe traders who…
Paraphrasing an old adage, the economic expansions do not die of old-age and the current expansion, even though it has become the longest in the U.S history, is in no danger of ending anytime soon. Another old adage is that the stock market is not the economy and the economy is not the stock market,…
Note: The charts and data are as of Friday April 5, 2019. To enlarge please click on charts. International Equities World equities are on an upswing. The S&P 500 stumbled a bit in the early part of 2018 and then again in Q4 too but since then it is rising consistently (see Chart 1) It…
Directional Bias For The Day: S&P Futures are little changed; mostly moving sideways since 10:30 PM on Sunday The odds are for a to sideways to down day – watch for break below 3021.75 for change of fortune Key economic data due: Building Permits ( est. 1.30M; prev. 1.29M ) at 8:30 AM Housing Starts…
Directional Bias For The Day: S&P Futures are higher; moving sideways since 10:30 PM on Sunday The odds are for a to sideways to an up day – watch for break below 3010.75 for change of fortune Retail Sales may have an impact Key economic data due: Retail Sales ( 0.4% vs. 0.1% est. ;…
Directional Bias For The Day: S&P Futures are higher; moving up since 5:00 AM on July 9 The odds are for an up to sideways day – watch for break below 3010.75 for change of fortune Key economic data due: Empire State Manufacturing Index ( 4.3 vs. 1.6; prev. -08.6) at 8:30 AM Markets Around…
Directional Bias For The Day: S&P Futures are higher; moving sideways to up since 10:00 PM on Wednesday The odds are for an up to sideways day – watch for break below 2991.50 for change of fortune Key economic data due: PPI ( 0.1% vs. 0.1% est.; prev. 0.1%) at 8:30 AM Core PPI (…
Directional Bias For The Day: S&P Futures are higher; moving sideways since 10:00 PM on Wednesday The odds are for a sideways to up day – watch for break above 3006.75 and break below 2990.50 for clarity Key economic data due: CPI ( est. 0.0%; prev. 0.1%) at 8:30 AM Core CPI ( est. 0.2%;…
Directional Bias For The Day: S&P Futures are lower; moving lower since 8:30 PM on Tuesday The odds are for a sideways to up day – watch for break above 2987.50 and break below 2971.25 for clarity Key economic data due: Final Wholesale Inventory ( est. 0.4%; prev. 0.4%) at 10:00 AM Fed Chair’s Humphrey-Hawkins…
Directional Bias For The Day: S&P Futures are lower; moving sideways since 11:30 PM on Monday The odds are for a sideways to down day – watch for break above 2979.75 and break below 2963.50 for clarity Key economic data due: JOLTS Jobs Openings (est. 7.51M; prev. 7.45M) at 10:00 AM IBD/TIPP Economic Optimism (…
In the early 21st century many Western countries are talking and negotiating with China for new or improved trade deals. U.S. and China are going at each other for the better part of last two years armed with weaponized tariffs and rare earth mining. Canada is exploring a free trade agreement with China. The hopes…
Directional Bias For The Day: S&P Futures are lower; moving sideways to down since 8:30 AM on Thursday The odds are for a sideways to down day – watch for break above 2960.00 and break below 2951.75 for clarity Key economic data due: Flash Manufacturing PMI ( 50.1 vs. 50.5 est. ; prev. 50.5) at…
Directional Bias For The Day: S&P Futures are lower; moving sideways to down since 7:00 AM on Thursday The odds are for a sideways to down day – watch for break above 2898.75 and break below 2881.75 for clarity Key economic data due: Retail Sales ( 0.5% vs. 0.7% est. ; 0.3%) at 8:30 AM…