Friday market musing
This is what retest looks like. The only reason for the ramp of the 10/29 low was extreme level of oversold – and now the market is overbought N/T following…
Read MoreProducer prices jumped in October
The wholesale inflation gauge from the Bureau of Labor Statistics (BLS) rose at the highest clip month-over-month in six years
Read MoreThe Day Ahead, Friday November 9th
With earnings season wrapping up and the FOMC decision behind us, investor focus on Friday will be on the Consumer Sentiment release for November as well as the Producer Price…
Read MoreUninspiring breadth for such a strong day
With the midterm elections behind us, yesterday turned out to be a very good day for equities with the three major indices all gaining over 2%.
Read MoreThe Day Ahead, Thursday November 8th
Focus for investors on Thursday will be on the FOMC Meeting Announcement, where they are expected to leave rates unchanged for November but many are looking to see if they…
Read More% Bulls fall for the fifth week
The recent excessive optimism in the market continues to be reversed. The report out today from Investors Intelligence showed bullish newsletter writer sentiment is at the lowest level since the…
Read MoreQuick take on election and playbook reminder
Mid-terms were definitely not a total rebuke of President Trump, despite the Democrats taking control of the House. According to Fox News: Since 1862, the President’s party has lost…
Read MoreIndicators + EPS = retest opportunity
The extreme intermediate-term oversold condition highlighted in our oversold playbook suggested the initiation of a difficult bottoming process driven by a sharp oversold rally, followed by a retest of the…
Read MoreThe Day Ahead, Tuesday November 6th
The focus for investors on Tuesday will be on the midterm elections, although we noted yesterday that we have no view on the election and that it is unlikely to…
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