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 to lower; Moving mostly sideways since 8:30 AM on December 10 The odds are for a sideways to down day – watch for break above 3150.75 for change of fortune Key economic data due: PPI ( 0.0% vs. 0.2% est. ; prev. 0.4%) at 8:30…
Directional Bias For The Day: S&P Futures are little changed to higher; Moving mostly sideways since 8:30 AM on Tuesday FOMC rate decision day The odds are for a sideways day – watch for break above 3143.50 and break below 3127.50 for clarity Key economic data due: CPI ( 0.3% vs. 0.2% est. ; prev.…
Directional Bias For The Day: S&P Futures are little changed to higher; were down more than 20 points till 6:00 AM and then bounced on news The odds are for a sideways to down day with increased volatility; watch for break above 3141.75 for change of fortune Key economic data due: Revised Non-Farm Productivity (…
Directional Bias For The Day: S&P Futures are higher; rising since 9:30 AM on December 3 The odds are for an up day; watch for break below 3121.25 for change of fortune Key economic data due: Non-Farm Employment Change ( 266K vs. 181K; prev. 128K ) at 8:30 AM Unemployment Rate ( 3.5% vs. 3.6%…
Directional Bias For The Day: S&P Futures are higher; rising since 4:00 PM on Tuesday The odds are for an up to sideways day; watch for break below 3141.75 for change of fortune Key economic data due: Durable Goods Orders ( 0.6% vs. -0.5% est.; prev. -1.2%) at 8:30 AM Core Durable Goods Orders (…
Directional Bias For The Day: S&P Futures are higher; rising since 10:30 AM on Thursday The odds are for an up to sideways day; watch for break below 3098.25 for change of fortune Key economic data due: Flash Manufacturing PMI ( 51.5 est.; prev. 51.3) at 9:45 AM Flash Services PMI ( 51.2 est. ;…
Directional Bias For The Day: S&P Futures are higher; rising since making a near double bottom at 8:30 PM The odds are for an up to sideways day; watch for break below 3098.25 for change of fortune Key economic data due: Philly Fed Manufacturing Index ( 10.4 vs. 7.0 est.; prev. 5.6) at 8:30 AM…
Directional Bias For The Day: S&P Futures are lower; declining since 6:00 AM on November 19 The odds are for a down to sideways day; watch for break above 3124.25 for change of fortune Key economic data due: FOMC Meeting Minutes at 2:00 PM Directional Bias Before Open: Weekly: Uptrend Daily: Confirmed Uptrend 120-Min: Up-Side…
Directional Bias For The Day: S&P Futures are higher, though pulling back little bit since 4:30 AM The odds are for an up to sideways day; watch for break below 3115.25 for change of fortune Key economic data due: Building Permits ( 1.46M vs. 1.39M est.; prev. 139M) at 8:30 AM Housing Starts (1.31M vs.…
Directional Bias For The Day: S&P Futures are higher, though pulling back since 7:30 AM The odds are for an up to sideways day; watch for break below 3111.75 for change of fortune Key economic data due: NAHB housing Market Index ( 71 est.; prev. 71) at 10:00 AM Directional Bias Before Open: Weekly: Uptrend…