If you look closely, you’ll see something quite unusual: the large cap indexes, such as the Dow and SPX, have been making or have been close to making all-time highs. If we look at the broad universe of common stocks, however, we can see that more are making 3-month new lows than new highs. Indeed, this has […]
Yesterday, I participated in a panel discussion on CNBC about the markets and the economy. It was during the course of that discussion that one of the participants uttered the most important phrase:”Everbody knows interest rates are going to rise.”
First, let me explain my reasoning for why it is possible that “everybody” is wrong. As I addressed last […]
Litecoin hit a high of 11.4 this morning, only to be rejected by a certain Fibonacci level. Will we see the bears take control? Let’s take closer look at the current LTC/USD Daily chart below: I’ve performed the Fibonacci study from the high of the month on the 16th at 14.23, until the low of this week on […]
Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereThe IBEX initially fell during the week, but found a significant amount of support at the €10,000 level, to turn back around and go much higher. We closed just above the €10,290 level, which of course is a very bullish sign. We believe that a […]
This CNN/Money story about how a peak in the number of new highs for individual stocks (as shown below) consistently spells trouble for broad equity market indexes almost a year later is probably of little concern to those who bid share prices higher in recent days as all major U.S. stock indexes turned in big gains this week after last […]
Litecoin hasn’t been able to break free from the shackles imposed upon it by the recent bears, although we may see some equilibrium be established within the coming hours. During yesterday’s technical analysis on Litecoin, I explained by way of the chart below: “Right now price has pushed down to the 38.2% Fib (at 12.42), which […]
Bloomberg’s headquarters in New Jersey, USAImage: Solarfeeds.comIt used to be the case that financial firms would block social media services such as Twitter on their systems to prevent their employees leaking sensitive information – and also to prevent them from timewasting at work. This was an effective strategy, with just one fairly major issue – Twitter was becoming a hugely […]
Litecoin vs Bitcoin fell this morning to 0.0224, only for there to occur an intense, sharp reversal, initiated by a very rare but powerful price pattern. Let’s take a closer look at the LTC/BTC four hour chart below (click to expand): I’ve performed the Fibonacci study from the low at 0.0224, until the high at 0.0263 Check […]
Over the weekend, Jesse Livermore wrote an excellent piece on how we should view profit margins. The piece is very long and detailed but makes a very good case on the proper measure of calculating profit margins due to the impact of globalization. “Now, you might ask, to calculate the profit margin, why do we only include final sales […]
Source: ThinkstockBuying out of favor stocks is one of the most difficult things to do. Often, when stocks fall dramatically, it does so for valid reasons. Furthermore, the lower they sink, the worse the news seems to get. Nevertheless, if you trust your ability to analyze companies then one of the best pieces of advice you can follow is to […]
