I have added no longs and no shorts to the list for Friday. After closed trades there will be 7 longs and 10 shorts on the list. I have tightened stops on the longs as key support levels and inflection points become apparent. I been adding stops to the shorts as they start to move. Newer picks need a little…
The TBAC has told us to pay no attention to its quarterly supply schedule forecasts. No wonder. They just underestimated February supply by over $100 billion. And the numbers for the rest of the first quarter and the second quarter are so scary, they don’t want us to look. Here’s what this means for the Treasury market and for stocks.
I have added no longs and 4 shorts to the list for Thursday. After closed trades there will be 9 longs and 10 shorts on the list. I have tightened stops on the longs as key support levels and inflection points become apparent. I am starting to add stops to the shorts as they start to move. Newer picks need…
Breaking one of two critical levels on the chart will signal the direction of gold’s next big move. This report gives those levels and the likely targets if one or the other is broken.
I have added no longs and 1 short to the list for Wednesday. After closed trades there will be 11 longs and 6 shorts on the list. I have tightened stops on the longs as key support levels and inflection points become apparent. New short picks need a little wiggle room to make initial moves before establishing stops. Including open…
Total liquidity will turn flat and eventually turn negative later this year as the Fed pulls money out of the system. Here’s why it should lead to rapid deflation of the stock market bubble.
The 13 week and 6-7 week cycle lows were due last week and the 4 week cycle low was overdue. They turned with a vengeance. However, only the short term indicators are confirming the turn. Here are the key benchmarks and indications to watch this week. Market Update Pro subscribers click here to download the report. Not yet a subscriber? Try…
The list’s current performance is weaker than the past couple of weeks. That is entirely due to 5 trades put on since Wednesday that haven’t had a chance to develop yet. Obviously, going the right way is not guaranteed, but the new trades need time play out. That will also be true of the 4 short picks to be added…
I have added 4 longs and no shorts to the list for Friday. After closed trades there will be 12 longs and 3 shorts on the list. I continue to adjust trailing stops on the shorts and they’ve been getting hit with good results. 10 of the 11 shorts closed this week have been profitable. I am adding stops to…
I have added 2 longs and no shorts to the list for Thursday. After closed trades there will be 11 longs and 6 shorts on the list. I continue to adjust trailing stops on the shorts as appropriate based on changes in the charts. I am adding stops to the longs as key support levels and inflection points become apparent.…
The tax cut will increase the deficit substantially this year. It will goose the economy, but will also add to Treasury supply at the same time as the Fed is removing money from the system. Here’s what it means for your investments and trading.
Short term cycles have turned up, but a rally through a trading range is meaningless unless it does certain things. Here’s what to look for.
Posts from Other Publishers
Both Larry the Cable Guy and Treasury Secretary Steve Mnuchin would be proud of this week’s Treasury auctions.
Venezuela must be taking the books/movies “The Hunger Games” literally.
To paraphrase Chubby Checker, “How High Will It Go?&
Monetary policy can be implemented through outright purchases or sales of securities, which permanently changes the size of the Federal Reserve’s System Open Market Account (SOMA) portfolio.
Shah Gilani has been one of the most consistently bullish, enthusiastic voices on Wall Street.
He’s correctly called plenty of the Dow’s upward milestones, too.
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The post Why the Most Bullish Guy on Wall Street Is Sweating a 0.057% Move appeared first on Money Morning – We Make Investing Profitable.
(Bloomberg) — $35b auction was awarded at 2.658%, matching the When Issued (WI) yield at bidding deadline, highest 5Y auction stop since 2.665% in December 2009;
Federal tax collections data gives us a leg up on the market, because it tells us what to expect when the lagging economic data indicators are released later. That puts us ahead of the crowd, which is waiting for biased Wall Street pundits to interpret already stale, manipulated data, when it’s finally released. Meanwhile we already know what the facts are.
Tax data has told us whether the lagging economic indicators are promoting a false narrative. Thanks to statistically massaged data, and deliberate, or unknowing misinterpretation by the talking heads, that can go on for months. But we know the facts.
More importantly perhaps, the tax data has told us what the Fed will be seeing when it gets the lagging economic data. That helped us to know whether incoming economic data will keep the Fed on track or not.
Now, however, the picture has gotten fuzzy. The big tax cuts enacted into law at the end of 2017 have begun to impact tax collections. That makes it virtually impossible to analyze year to year changes on a like versus like basis. It will be several months, and perhaps the whole year, before we can make these year to year comparisons in a way that reflects the actual trend of the US economy.
In other words, Trump’s tax cuts are hiding the “big picture” right now when it comes to market predictions.
The post Trump’s Tax Cuts Are “Hiding” This Critical Stock Prediction appeared first on Lee Adler’s Sure Money.
Venezuela launched the Petro, an oil-backed cryptocurrency that is supposed to augment (strike that: replace) the totally debased fiat currency the country has. And the launch is a pure gas, surrounded by bombastic claims from crypto-fans who can’t be …
Silver prices this week are rallying after a dramatic market correction in February. In fact, the precious metal has outperformed the S&P 500 over the last week, and the gains are likely to continue.
The National Association of Realtors is confused. The trade group for real estate professionals and salespeople just reported a significant drop in the level of resales for January 2018. After peaking at an annual pace of 5.72 million (revised) in November, existing home sales declined to 5.56 million (revised) in December and now just 5.38…