Chartology: Halliburton (HAL) Nearing Short Term Targets
Halliburton (HAL) spent much of June and early July forming an inverse head and shoulders pattern (bullish). This pattern was triggered in mid-July with a breakout above the neckline around 30...
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MAULDIN: We've Had A Good Few Years, But It's Now Time To Prepare For A Huge...
A few weeks ago, Ed Easterling and I updated the work we published almost ten years ago about secular bear and bull markets. This week I am in Maine at the annual Shadow Fed fishing trip (for those of...
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REPORT: The ECB Is Extending Emergency Loans To Greece
BERLIN (Reuters) - The European Central Bank (ECB) has saved Greece from bankruptcy for the time being by securing it interim financing in the form of additional emergency loans from the Bank of...
View ArticleCan You Believe This NYTimes Reporter Who's Arguing That The Government Is...
In today’s political climate, the more implausible the claim, the more likely it is to stick. One that seems to be sticking now is that government today is small by historical standards and constantly...
View ArticleETF Insider: Fed Offers No Relief
Up-down trading remains the dominant theme on Wall Street as investores endured another choppy week driven by headlines. Stocks headed downhill in the first half of the week after investors expressed...
View ArticleChartology: VIX Technical Update
The Volatility Index (VIX) dropped dramatically on Friday as equities leaped higher. It is currently near sitting tenuously on support, but looking likely to retest the March lows. Any break lower...
View ArticleHow does the Dividend Discount Model value stocks?
"A cow for her milk. A hen for her eggs, And a stock, by heck, For her dividends" (John Burr Willams) As valuation techniques go, the dividend discount model ("DDM") is basically a more conservative...
View ArticleChartology: Financials (XLF) Ready to Breakout?
By Andrew Nyquist Similar to the Bank Index (BKX), the Financials Select Sector (XLF) is on the verge of breaking out. So if the finnies aren’t already on your radar, add them to it. See BKX...
View ArticleBull Vs. Bear: Where The Battle Stands Right Now
First the bullish perspective: The biggest news for the bulls this past week was the Bureau Labor of Statistics’ payrolls report, which was much better than expectations. This bullish report was also...
View ArticleChartology: US Dollar Under Pressure, Technical Support Levels
Recent Euro strength and so-so domestic economic data have placed added pressure on the US Dollar. As so often is the case, a pullback in the buck is seen as a tailwind for equities (see Friday’s...
View ArticleCurrency Positioning and Technical Analysis
The overall technical tone of the US dollar is suspect. During the last few months, it has been trending lower against the dollar-bloc currencies, Canadian and Australian dollars and the Mexican...
View ArticleSub-50 ISM readings and non-recessions
The ISM manufacturing PMI has dipped below 50 for two straight months, which suggested that the US manufacturing has at least been slowing somewhat, if not down right contracting. Of course, this also...
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Why Bronte Capital Is Shorting A Luxury Company And Terrified About China
At my hedge fund we usually short frauds. Stuff with dodgy accounts and dodgy prospects promoted by people who would be car salesmen if stock promotion were less lucrative. But sometimes, just...
View ArticleS&P 500 Weekend Update: Looking for Confirmation
By Andrew Nyquist A couple weeks back I dubbed the financial markets, “partly sunny with a chance of hail,” and no doubt this theme has continued forward, allowing no rest for the weary. For the past...
View ArticleWhy China's New Slowdown Could Be Worse Than 2008
Earlier this week, I was interviewed by the Council on Foreign Relations (CFR) for their website, about the current state of the Chinese economy. You can read what I had to say below, or check out...
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3 Reasons Why Mexico Is The New Brazil
With debt drama and economic uncertainties plaguing developed nations on both sides of the Atlantic, investors sitting out on the sidelines are having a difficult time choosing which corners of the...
View ArticleThis Week In ETFs: August 5th Edition
With Europe continuing to sit in a state of paralysis, U.S. investors started the week off pessimistically with markets experiencing a four-day losing streak. In a dramatic leap, stocks surged ahead...
View ArticleETF Pop Quiz: Biotechnology, Bahamas, And Beer
After a whirlwind of a week on Wall Street, the ETFdb pop quiz returns with another round of questions about biotechnology, Bahamas, and beer. As always all answers can be found using the suite of...
View ArticleEuro Area Retail Sales Portend Negative Quarter of Real Consumption
Euro Area Retail Sales Portend Negative Quarter of Real Consumption by Rebecca Wilder Today Eurostat released its June estimate of real retail sales for the Euro area. On a month/month basis, real...
View ArticleGreat Graphic: Mr Market Exaggerates
At first the ECB's NATO strategy--No Action Talk Only--produced a sharp sell-off of the euro and Spanish and Italian bonds, especially the long end. On second thought, the half glass was really half...
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