Wealth Creation Through Natural Resources
Something unusual happened today in the S&P 500 exchange-traded fund SPY; a perfect doji candlestick: SPY opened at 196.44 and closed at 196.44 while traversing a nearly 2 1/2 point range during the session. There are a few notable … Continued
The Federal Reserve did not hike interest rates today – here are 5 key takeaways from the announcement: The following excerpt from the first paragraph of the Fed statement is a clear signal that China is very much on the … Continued
This is a wonderful little chart courtesy of Charlie Bilello, CMT: Investors Intelligence bulls are at the lowest percentage since December 2008. The knee-jerk reaction from this extreme investor pessimism is that it must be a contrarian signal … Continued
I don’t know much about the news that Apple (AAPL) announced today, but I do know that the market wasn’t impressed and much of it appears to have been priced in already: AAPL printed a bearish engulfing candlestick on … Continued
From my perch equity market sentiment hasn’t been this poor since at least November 2012, just before equities posted one of their best annual performances ever. That doesn’t mean we are on the verge of another huge upside surge, every … Continued
After a week of turmoil across global equity markets the U.S. market posted its 3rd best single day gain ever. S&P 500 E-mini futures (ES) are now on the brink of completing a powerful bottoming pattern: Since Sunday evening’s … Continued
We haven’t seen anything like this in a long time, and perhaps that’s exactly why we are experiencing such a sharp and vicious sell-off across global equity markets. Not even during the 2008-2009 Global Financial Crisis did we see the … Continued
This was a bad week for stocks, a very bad week. Over the next 48 hours other sources of market info/analysis will surely parse through this week’s market decline from 14 million different angles and tell you that we are … Continued
For the last 9 months the S&P 500 has been caught in a messy oscillation with only the faintest hint of an uptrend. However, each time that things began to look dire for equity bulls bids seemed to appear out … Continued
Thus far 2015 can be dubbed ‘the great oscillation’. We have seen some wild sentiment swings and a tremendous amount of rotation and bifurcation underneath the surface of the major equity indices. However, the S&P 500 has essentially gone no … Continued