The Nasdaq Composite (CCMP) and the Nasdaq 100 (NDX) are the only two major U.S. equity indices that are not up on the year, despite out-sized rallies (compared to the S&P 500) off of their …
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Event: Next week Apple (AAPL) will hold their annual World Wide Developers Conference with a keynote address likely given by CEO Tim Cook (not confirmed yet) at 1pm eastern on Monday June 13th. With the stock …
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The first thing I read this morning was a Bloomberg preview of Fed Chair Yellen’s speech today at 12:30. It was titled: Yellen Speech May Offer Little Clarity After Vagueness Paid Off. I obviously have no …
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Just a few weeks ago, when odds of a June or July rate hike spiked on FOMC minutes that indicated a willingness for a Summer rate hike, we made the argument that it was more …
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Last month, the Fed floated a June raise trial balloon. On May 16th, expectations for a June hike sat at a 4% probability. After the trial balloon they shot up to a 34% chance by May …
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After a fairly sharp decline in the last month, highly correlated to the bounce in the U.S. Dollar, Gold finally bounced Friday off of an important technical level of 1200. It has followed through with …
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You know the drill about stock charts. You can draw the lines anyway you like. And sometimes they even fit your narrative. After scribbling on the one year chart of Ford (F), a less than …
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Everyone and their mother is going to opine on the jobs data this morning, so I might as well offer my quick thoughts. We will have some more action oriented stuff later. Ok, here I …
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The Nasdaq 100 (QQQ) had been a pretty boring trading vehicle for a while, as some of its large components had been in a fairly complacent upward trajectory for what felt like years. But then …
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Everybody I read and listened to called it. The S&P 500 (SPX) was going to test the August 24th lows, then test the October 2014 lows then bounce back to 1950. If you came into …
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