Today can be summed up in one image: Two specific items saved the day for me: As for this so-called “market” of ours, I’m beginning to despair at this point that NOTHING, not even nuclear conflict, is going to break it....
Asian markets are being roiled by fear of North Korean aggression after it sent a guided missile straight over Japan. Meanwhile, AsiaTimes, a website, today published an article by Bill Gertz in which he argues that “the two recent collisions between US Navy warships and commercial ships have raised the specter that China was behind the ‘accidents’, using electronic means to disrupt or fool radar or navigation systmes into creating deliberate collisions.” He cites unnamed military experts and adds “there are signs the People’s Liberation Army is preparing to use exotic electronic attacks in a further conflict.” Ger...
The Chart of the Day is RADA Electronics Industries (RADA). I found the Israeli defense stock by using Barchart to sort today’s Top Stocks to Own list by the highest Weighted Alpha, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy in 8/11 the stock gained 44.70%. RADA Electronic Industries Ltd. is an Israel based company involved in the military and commercial aerospace industries. The Company specializes in Avionics systems Digital Video Recorders, Ground Debriefing Stations, Stores Management Systems, Flight Data Recorders, Inertial Navigation Systems, Trainers Upgrades, Avionics sys...
LOS ANGELES, Aug. 29, 2017 (GLOBE NEWSWIRE) — Reed’s, Inc. (NYSE American: REED), owner of America’s #1 selling Ginger Beer and the nation’s leading portfolio of handcrafted, all-natural beverages, today announced that on August 24, 2017, Chairman John Bello purchased 117,647 shares of Reed’s, Inc. common stock at the market price of $1.70 per share. Chairman Bello purchased an additional 29,400 shares on August 25, 2017 at $1.70 per share. Chairman Bello commented, “We are getting things done at Reed’s.The recent additions of Val Stalowir as CEO and Stefan Freeman leading operations as COO join our proven sales veteran ...
Global Dove Let’s look at the state of the global central banks. As you can see from the chart below, most central banks’ last action was to cut rates. That’s likely because in 2015-2016 the global economy was very weak as evidenced by the decline in trade. Trade has rebounded despite the risk of protectionism. Recently, President Trump said he would probably have America exit NAFTA. We’ll see if he does that. What it is replaced with will determine how it affects trade. President Trump’s stance is very strong against free trade, but his policies and the deals he makes made don’t seem to always reflect that stance. If the stock ma...
<< Read More: Not All Swaps Are Created Equal; Part 1 (Eurodollar University) The real clue as to what was going on monetarily was provided in early 2008 not by a Federal Reserve statement about some new program it was hastily putting together (except by proxy of what it meant for conditions in private wholesale markets that the Fed thought it necessary to hurriedly arrange some new liquidity program, of which there were several). It was instead given to us by AIG deep within the notes of its 2007 annual report. Approximately $379 billion of the $527 billion in notional exposure on AIGFP’s super senior credit default swap portfolio...
Put these charts on your wall for reference the next time you think… Something is “oversold” or “at support” and has to go back up… Something is “overbought” and has to go back down… It can’t go to 0… It is certain to default… Interest rates can’t possibly go any lower… Interest rates can’t possibly go any higher… Housing prices only go up… Valuation is a good reason to short something… You can call a bubble/top without the benefit of hindsight… You’re waiting for a correction to buy in at a lower price… Volatility can’t possibly go any higher… ...
“Greatness is upon you. You must believe it though.” – Germany Kent Stocks came back strong after another North Korean missile was fired. Many stocks are at the low end of their still forming bases which means swing trading remains my strategy. Gold soared and is breaking out of a major base and miners are also doing well. Only time will tell if the metals can hold the breakout or if it was just a twitch higher on the missile launch. We were lucky enough to have had KITE on the buyout. Always a nice way to start the week. Today’s action suggests we see a breakout above 245, now....
Unless you have been living under a rock, you know that Hurricane Harvey is causing unprecedented damage to Southeastern Texas, primarily the city of Houston. The main issue is flooding rains which by the end of the storm could stand at over 40 inches. Some reports estimate that the storm could cost as much as $40 billion on the Texas coast. Adding the costs of repairs to interior Texas and this storm will easily be one of the most expensive ever. How does this affect the ordinary investor? There are many ways, but the largest is insurance companies. There is no doubt there will be millions of claims from auto owners, homeowners and busines...
Here is a quick review of the global markets. Most markets are in the midst of a pullback within a broader uptrend. S&P 500 (US) The S&P 500 is down about 3% from it’s recent all time highs. Currently fighting to stay above the 50 day MA. A break below 2417 makes the 200 day ma (red line) likely to come into play. Nikkei Average (Japan) After breaching the 20,000 level earlier this year, Japan’s stock index is currently testing the 200 day MA on a pullback closer to 5%. CAC 40 Index (France) France’s stock index has retraced all of the gains post election. It’s down about 6.6% from it’s recent highs, but still trading above ...