Attention, please! The leverage in the stock market has been recently rising. As one can see in the chart below, the stock market margin debt surged more than $113 billion in 2017, one of the largest annual surges. Moreover, it was the ninth annual increase in a row. Chart 1: Stock Market Margin Debt (in $ billions)…
I think the bears could be in “grave danger” for two related reasons. First, we have either filled or are about to fill some important price gaps, and second, there is a fairly well-formed basing pattern over the past several weeks, as shown here on the S&P 500 futures: Looking at the same base…
“Mike ‘Wags’ Wagner: ‘You studied the Flash Crash of 2010 and you know that Quant is another word for wild f***ing guess with math.’ Taylor Mason: ‘Quant is another word for systemized ordered thinking represented in an algorithmic approach to trading.’ Mike ‘Wags’ Wagner: ‘Just remember Billy Beane never won a World Series .’ – Billions, A Generation Too Late My friend…
We’re still waiting on a few of bounce lines: Dow 23,800 (weak) and 24,200 (strong) S&P 2,640 (weak) and 2,684 (strong) Nasdaq 6,500 (weak) and 6,700 (strong) NYSE 12,450 (weak) and 12,600 (strong) Russell 1,520 (weak) and 1,540 (strong) Even with this morning’s pre-market rally, we still have to take the same 3 red levels we were looking for yesterday so we’ll have to remain well-hedged into the weekend because we don’t change our stance…
No not the trade war, but we could be seeing progress on that, and not the attack on Syria, that has not happened, yet. No, we are talking about the global oil market rebalancing. The International Energy Agency that previously warned of lower for longer oil prices and warned last year that the oil price…
Week 14 of 2018 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. The rolling averages growth rates are mixed. Analyst Opinion of the Rail Data We review this data set to understand the economy. If coal and grain are removed from the…
Wells Fargo & Co (NYSE: WFC) released its Q1 2018 earnings results before opening bell this morning. Wells Fargo earnings rose to $1.12 per share on $21.9 billion in revenue, while the Street had been looking for $1.06 per share on $21.7 billion in revenue. In the year-ago quarter, Wells Fargo earnings amounted to $1.03…
Nomura Instinet analyst Christopher Eberle last night initiated Dropbox (DBX) with a Reduce rating and $21 price target. The shares closed yesterday up 95c to $33.27. Dropbox’s “consistently low” penetration rates, “extremely low” conversion rates, and lack of enterprise salesforce creates little room for upside potential, Eberle tells investors in a research note. If trends…
Above looks at the S&P 500 over the past 17-years on a weekly basis. In 2007 at the top of a rising channel, the S&P 500 appears to have created a “Descending Triangle” pattern before heading lower. Once it broke rising & horizontal support, selling pressure took over. The S&P over the past couple of months could…
CNBC’s Wilfred Frost sifts through Citigroup’s quarterly results which beat Street estimates on the top and bottom line.
