You know it’s bad when… Following a dismal October, Swiss watch exports continued to collapse in November. As we noted previously, not only are luxury jet values dropping for the first time since 2009, London mansion prices plunging, San Francisco home sales collapsing, and Sotheby’s laying people off, but, despite desperate major price cuts, Swiss watch exports tumbled…
This is historically a thin period of trading. Things can be a bit more volatile for a lot of the big money parks and parties at this time of the year. The Dow has not broken to the downside of the upside, as it is BASING within the trading channel. Wait for DEFINITIVE trades to…
The headlines for existing home sales say “existing-home sales dropped off considerably in November to the slowest pace in 19 months, but some of the decrease was likely because of an apparent rise in closing timeframes that may have pushed some transactions into December“. Our analysis of the unadjusted data shows that home sales declined….
A wise man is he who does not grieve for the thing which he has not, but rejoices for those which he has. – Epictetus Much the same way many experts felt that the NYSE was issuing a series of death signals, there are just as many who share the same sentiment towards the signals the…
More than thirty years ago, a son of Albanian immigrants was growing up in a very tough part of Brooklyn’s Sheepshead Bay. Young and intelligent, Martin Shkreli idolized scientists, listened to rock music and was considered so bright he could skip grades in school. But he wasn’t about to use his preternatural intelligence to become…
While routinely following the precious metals as one of many sectors in NFTRH, we have mostly left it alone with respect to public writing over the last few years. That is because it is in a bear market and since I am not a slick short-term trader, I have felt it is best to mostly just…
Well, here we are again. This is the third serious test of the 2,000 line on the S&P since October from the top and before that we failed it spectacularly in August and then it acted as a ceiling twice in September before being broken to the upside in a low-volume, BS rally based…
The quantity of ETFs and ETNs on Deathwatch jumped by 23 for December. There were 28 additions and only five removals. Of those coming off, three were the result of improved health, while the other two were closed, delisted, and liquidated. The net increase pushes the membership count to a 35-month high of 366, consisting…
The best large cap sector is consumer goods. The top large cap industry is industrial equipment. The average score across large cap is 57.91. The average large cap stock is trading -22.2% below its 52 week high, -6.16% below its 200 dma, has 4.5 days to cover held short, and is expected to grow EPS…
In this past weekend’s newsletter, I discussed the end of the mutual fund redemption period. (Charts updated through yesterday’s close.) “Friday’s sell-off, combined with options expirations, pushed the markets back to short-term oversold conditions and at previous support.” (Note: After a second attempt at the downtrend resistance the market has built an accelerated downtrend. If the market is…
