Commentary: The stock market was in decline Friday to end the week. The market, however has rebounded off the corona lows. The stocks could set up a broad range here if the lows are in. The US stimulus package is now under way. The effects of capital will be felt in the coming weeks. Don’t misunderstand. These funds at present …
Mercurial Markets in Early 2019
MACRO BACKDROP: Welcome back and hope you all had a great New Year’s holiday. As we return from an exhausting period of merrymaking, that means getting back to business. As I alluded to in my previous article, the 2019 stock markets have appeared to make a run for it to the upside. Many factors could have caused this. Looking …
2019 Stocks Might Make a Run For It
MACRO BACKDROP: Hope all of my dedicated readers had an awesome Christmas. Now it’s onto the New Year. Nearby contracts in the index futures are the subject here. It looks like the stocks have regained some footing today. The dollar saw some relief as buying spurred in it today as well. I believe that the so called “Santa Claus …
Bleeding Fear
MACRO BACKDROP: Welcome back. Holidays are nigh, folks. That said, the equities were anything but jovial today, it seems. The red had nothing to do with Santa Claus or some reindeer’s nose. European news and China were probably less of a focal point in domestic markets today. Stocks across the board were sold off, bleeding hard. Weaker U.S. economic …
Headlines and Volatility
MACRO BACKDROP: Good Monday, readers. I’ll be very brief with my take on the equities today. I believe I mentioned last week that volatility for many stocks was going to be very apparent as we head into the end of the year for a few reasons. As equities digested the, seemingly, positive implications from the G20 summit, it appears …
The Calm Before the Storm
MACRO BACKDROP: Happy Cyber Monday, folks. I hope you all had a great Thanksgiving last week and ate a lot of turkey. If you were out shopping on Friday, I hope you made it out alive. In general, markets appeared to have moved off of weak volume last week due to the holiday departure. This week, however, it appears all …
Headlines, Headwinds & Hedging
MACRO BACKDROP: Good Monday, readers. It seems very difficult these days for stocks to find the correct path forward, in my opinion. So I’ll keep this short. Last week, the underlying equities markets faced some adversity in the form of Theresa May’s cabinet members causing problems for Brexit proceeding smoothly with the E.U. This appeared to have sent capital flowing …
Don’t Try to Find The Bottom, But Try to Buy the Dip
MACRO BACKDROP: Welcome back, readers. Domestic equities markets have been posting negative closes nearly all month. Losses have appeared broad and wide across nearly all sectors. Selling has been rampant, obviously. In the underlying S& P 500, defensive sectors appear to be the only sectors with gains as scared money may have found a place to hide, in my view. …
Nasd FANGS buckle, Egypt Wheat?
ARP HERE, ALL OPINIONS,ESTIMATES,NEWS,THAT I PERCEIVE MOVE THE MARKET. I have talked for some time in my posts that stocks are overvalued. It is my belief the NASDAQ PE is silly high. My goal is to assist you in these extreme levels through the Olive Line. In my approx 40 years of charting and trading the markets, these may become …
When Flying To Safety Gets Confusing
MACRO BACKDROP: Finally dropping my comments for this week, I say Happy October 19th to all of my readers. Today marks the 31st anniversary of the dreadful events of Black Monday. Despite this, as of 10:45 a.m. CST, U.S. markets look to be anything but “dreadful,” trading upwards a bit less than 50 basis points in the underlying S&P 500 …