The S&P 500 Index (IVV) went on a stellar run this past year, gaining just over 32% on its way to new all-time highs. After rebounding from a sharp but brief sell-off in January, the index has staggered over the past two months and is having trouble crossing through the 1883 level. This coming week will be key for where [...]
Global Opportunites: SELL LH (Laboratory of America Holding Corp) Lab Corp has reported two poor quarters in a row. Momentum in the stock has peaked. Their revenue growth is anemic at 2%. They are paying acquisition costs for the increase in revenue. The inorganic growth appears to be hurting margins. So, in order to grow they need to pay people [...]
Under uncertain economic conditions, the S&P 500 Index((IVV)) has staggered for much of the year, gaining just over 1% during this volatile four-month period. It remains above support at the 1850 level and the 50-day moving average, but the market feels tired and is likely to test that this week. We might be in the midst of a turning point [...]
The S&P 500 Cap-Weighted Index ((IVV)) has finally been showing signs of wearing down this year, breaking through support at the 1850 level and then its 50-day moving average this past week, while also coming perilously close to breaking the 1815 level. Are the market technicals finally catching up to what the economy and the market fundamentals have been telling [...]
The GSCI Commodity Index ((GSG)) consists primarily of Energy, but also includes Agriculture, Industrial Metals, Livestock, and Precious Metals as part of its holdings. The index broke out to the upside in the beginning of February and after retreating back to support in March, seems poised to continue its run higher. The index moved above both its 50-day and 200-day [...]
The S&P 500 Index (IVV) went on a stellar run this past year, gaining just over 32% on its way to new all-time highs. After rebounding from a sharp but brief sell-off in January, the index has staggered over the past two months and is having trouble crossing through the 1883 level. This coming week will be key for where [...]
Sell EZU: Buy HEDJ We have added a currency hedge to our European exposure. Dollar funding costs are rising. Eurodollars for December 2016 fell 25 basis points in one day after the March Fed meeting. Europe relies on Russia for energy. Economic sanctions against Russia would hurt Europe. The price of North Sea oil rose 2% last week. The Euro has [...]
The S&P 500 Index((IVV)) has staggered since the onset of the year, gaining just over 1% during this volatile 1st quarter. It remains above support at the 1850 level and the 50-day moving average, but the market feels tired and is likely to test that this week. We might be in the midst of a turning point in the markets, [...]
The S&P 500 Cap-Weighted Index ((IVV)) has finally been showing signs of wearing down this year, breaking through support at the 1850 level this past week, while also coming perilously close to breaking strong support at the 50-day moving average. Are the market technicals finally catching up to what the economy and the market fundamentals have been telling us? The [...]
The GSCI Commodity Index ((GSG)) consists primarily of Energy, but also contains Agriculture, Industrial Metals, Livestock, and Precious Metals. The index broke out to the upside in the beginning of February and hasn't looked back since. The index moved above both its 50-day and 200-day moving averages and held support at the 32.75 level. Prospects look promising in the near [...]
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