MAY 2017 Investor Account: MASTER ACCOUNT Net Asset Value: $18,407,940 (+0.97%) May Monthly Strategy Update World equities shrugged off political risks and concerns about stretched valuations in the market-leading technology sector to grind even higher in the month of May. A scary one-day wipe-out mid-month on news of the appointment
I have been writing recently about the two major issues confronting traders who believe that conventional investment analysis still works when I know it doesn’t. Today, while I hesitated inserting a question market following the title to this blog, I decided to just tell it like I see it.
Several weeks ago May 5th in a comment on this website, I brought to reader’s attention a Point and Figure chart of the Canadian TSE index which to me spelled trouble ahead.. It took more up and down movement within the longer term trading range but eventually the market
This weekend is one the world auto industry celebrates. Today is the Monaco Formula One race. Later in the day is the Indianapolis 500 race. Drivers start your engines!!! This weekend also kicks off the summer driving season in the northern hemisphere, which happens to be by far the majority
The Triumph of Greed Over Fear It took less than one week for U.S. equity benchmarks to continue their parade of record daily closes after hitting an air pocket on May 17. Last Wednesday’s one day wipe-out on the S&P 500 (-1.8%) and Nasdaq- 100 (-2.5%) felt like a rush
Yesterday, I noted that US frack oil producers were enjoying 30% discounts from US oil service companies in a temporary program to keep these companies operating and to enjoy short-lived profitability from carefully chosen tight wells. $XOI and $OSX are the industry indexes most investors follow. Check the components. Key
It really is hard for me to figure out why the bond and equity market reacted as it did yesterday after the Fed made the following statement: “It likely would be appropriate to begin reducing the Federal Reserve’s securities holdings this year.” The fact that the Fed stated they intend
Before it plays out this year, let me read to you from the world’s most important storybook. But first, a question. Who owns America’s biggest oil refinery? http://money.cnn.com/2017/05/01/investing/saudi-arabia-buys-largest-oil-refinery-port-arthur/index.html Well, yes, it happens to be Saudi Arabia, where today President Trump is helping close business deals worth maybe $200 billion. Yes,
The Death of Traditional Retailers Maybe A Bit Exaggerated Yet another frustrating week for equity bulls and bears. Most equity indexes continued to gyrate meaninglessly, despite a spike higher in volatility mid-week. As we’ve grown accustomed to, by the close on Friday volatility had settled back down with the VIX
At 6:00am ET today, equity prices in Europe and UK continue to sink as they did earlier in Asia and Australia, now down some -1.5%. The selling is pretty much across the board. Support-resistance levels of one’s holdings must be reviewed. A few thoughts come to mind. 1. Will the
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