Following up on The Trap which suggested recent market strength may turn into a bull trap. Last week again we saw the tiniest dip in markets instantly reverted and markets again closed […]
As vaccination rates climb and case numbers drop in many parts of the world, companies are preparing for life after the pandemic. In many cases, that involves bringing workers back to their offices. And while a return to the pre-pandemic working model …
As Apple is kicking off its annual Worldwide Developers Conference (WWDC) on Monday, the company is dealing with a little trouble on the home front. Following the company’s internal announcement of its post-pandemic remote work policy, a group of emplo…
The market is stumbling this morning after successfully breaching last week’s high late on Friday. It has come back to trend support at of 6:40 AM in New York. This is where push comes to shove. Key support lines are at 4217, 4213, and 4209. If they do…
Cycles are still bullish, with the 6 month and 10-12 month cycles ideally due to top out concurrently in xxxx (subscriber version). The 6 month…
G7 finance ministers reached a historic deal on corporation tax at the weekend which will see all seven countries endorsing a minimum rate of 15 percent. The agreement comes after yet another case of a company paying zero tax that raised serious questi…
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.
People caught on that the returns on the frenzied hamster wheel of “normal” have been diminishing for decades, but everyone was too busy to notice.
We got another disappointing employment report last week. Well, that’s what everyone said anyway, that the complete WAG by the BLS that the US economy added 559,000 jobs in May was below expectations and disappointing. I suppose it is a tad disappointing but I find it hard to lament the fact that a half million […]
The volatility subsided, but the range remained. 4 picks dipped below their stops. Were they too tight? Or is this the beginning of the end for the longs. Time will tell.
Meanwhile, list performance improved slightly to an average of +2.4%, up from +0.2% the week before, on an average holding period of 15 days, up from 10 days the week before. The percentage change assumes cash trades, no margin, no options.
The stopouts left just 4 picks on the list. All are longs, and all look ok to hold, with stops adjusted based on trigger lines in the charts. I added two more picks from Friday’s screen.