The Arms Index or TRIN is an indicator that I watch closely for short to intermediate-term setups. The indicator which combines ratios of advancing issues to declining issues and advancing volume to declining volume is a reasonably reliable contrary signal. Since mid-October the Arms Index has been generating a number of historically high signals. In the chart below, I used a 10 day exponential...
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The USD/CHF is testing the 100 hour moving average at the 1.2043 level. However, the pair is largely in a consolidating pattern after hitting a high on November 21st at the 1.2287 level. Since the high, the pair corrected sharply - moving below the 100 hour moving average in a convincing fashion. The downside momentum was not maintained, however, and the ideas of a larger correction lower wa...
Excerpt from Raymond James strategist Jeffrey Saut's latest essay, published Monday (December 1st):...Ladies and gentlemen, the time to be a trader was a year ago, not here at the best valuation metrics seen in a decade. As Société Générale’s James Montier states:
Will historic returns give way to additional gains? A preview of this week's earnings & economic data Reports on both construction spending & manufacturing disappoint "It's no time for the Fed to act like a bashful virgin." -Vincent Reinhart Governments' ability to pay for rescues in doubt Bailout spending is out of control Let's just throw a lot more money at the problem From a market economy ...
Street Signs: What day did Berkshire Hathaway shares close below $100K for the 1st time in 2 years?
Mon, Dec 1, 2:02 PM ET
Question: What day did Berkshire Hathaway shares close below $100K for the 1st time in 2 years? Answer: Monday, Nov 17
This year has been anything but sweet for commodities investors. Since peaking in mid-July, the Reuters-CRB Index has crashed a cumulative 48% with every constituent of the index down sharply – except sugar. To be sure, another formidable commodity is also holding up relatively well in the Panic of 2008 -- gold. Though down 2% this year that’s far better than just about every other asset class ...
The bloggers remain bullish, although bears are looking for the rally to end. Blogger Sentiment Poll Participants: 24/7 Wall St. (-) Ahead of the Ticker (+) Carl Futia (+) Crossing Wall Street Daily Dose of Optimism (+) Dash of Insight (-) Elliot Wave Lives On (-) Fallond Stock Picks (+) In the Money Information Arbitrage (-) Learning Curve (+) MaoXian Millionaire Now (N) Navivest (-) P...
Investors look to the Bureau of Labor Statistics ((BLS)) employment news releases to provide insights for, and confirmation of, their market perceptions. Armed with historical data and associated formulas, the BLS employment numbers help guide investment strategies. Year to date, the US has shed over 750,000 jobs. The Jobs Train Has Left the Tracks Since the beginning of the 21st Century, emplo...
Holiday shoppers who bolstered Black Friday sales might not be able to hold retail out of the red for long.
Check out these newly minted five-star stocks.