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There’s still not much of an appetite to buy stocks – but volume remains very quiet as the dog days of summer wind down. We’ve been expecting a decline in stocks, and have been watching for slowly rising volume to accompany these declines to give us a heads up that there is some “umph” behind […]
We’ve taken a fun exploratory look at internet search terms and their potential correlation (or lack thereof) with financial asset prices before (See: Using Google Trends as a Leading Indicator). That piece actually found its way to Google Headquarters in Mountain View, as I was contacted by someone from Google Finance who asked if I’d […]
We’ve been following the financial sector throughout the entire “reflation rally”, figuring that a breakdown in financial stocks may precede a breakdown in the broader market. Financials led the way down in 2007, and they led the way up in 2009 – so can they threepeat and lead the way down once again here in […]
The CBOE Implied Correlation index has hit a new record – and this is usually bearish. From ZeroHedge: The CBOE Implied Correlation index has just hit another historic plateau, touching on 85 earlier in the day, which means that all those who believe relative value can still be found are about to be carted off. […]
There’s not much to like about the prospects for “old school” publishers like newspapers and magazines these days. With the internet giving legs to anyone with something to write, blogging platforms like WordPress that enable you to get started at almost no cost, and search engines like Google sending readers your way, I can’t see […]
Since it feels like we may be at a major turning point in the markets, I thought it’d be useful to review our current outlook with regards to the various key markets. As always, please take these musings with a grain of salt – I’m just an armchair trader and blogger, after all! The Dollar […]
This month, Robert Prechter alerted his subscribers of a classic head-and-shoulders pattern shaping up on the weekly chart of the Dow. If you’re into technical analysis, check out the guest article below that we are re-syndicating, which includes a chart and description of the pattern… — Robert Prechter: Head-and-Shoulders Pattern in Weekly Dow Chart August 17, […]
The summer doldrums continue, as today registered the 2nd lowest trading volume of the year (Source: Reuters). As we’ve discussed, the last rally was rather uninspiring, displaying low and declining volume as the rally aged: Source: StockCharts.com The downsloping volume trendline was “broken” a bit by last week’s decline. So while overall trading volume is […]
I was listening to Jim Puplava’s Financial Sense Newshour this morning while cooking breakfast – it’s one of my “old man” traditions, there’s nothing better than cooking up an omelet while getting a technical rundown of the financial markets! As usual, his technical analyst guest was fantastic. This week it’s Ronald Griess, founder of The […]
Until today, bonds had been rallying in tandem with stocks for the last 3 months. That’s a bit of a rarity – one that has historically preceded a stock market collapse or two. A couple of observations here – the first from David Rosenberg, courtesy of Pragmatic Capitalism: “The yield on the 10-year note hit […]
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