Things were a bit hairy and scary on Wednesday and then Thursday of last week. But, the overbought market clearly wasn't ready to roll over just yet. A pretty respectable jobs report for April inspired renewed buying, pushing Friday's close to its second-best daily close ever for the S&P 500. One day doesn't make or break a trend, and the...
Things were a bit hairy and scary on Wednesday and then Thursday of last week. But, the overbought market clearly wasn't ready to roll over just yet. A pretty respectable jobs report for April inspired renewed buying, pushing Friday's close to its second-best daily close ever for the S&P 500. One day doesn't make or break a trend, and the...
Happy Derby! It's always my great pleasure to share my annual Kentucky Derby selections and commentary. First, let's start off with an updated table of past Derby winners below, with their speed ratings and final tune-up race. My analysis of past data indicates that horses with strong 100+ speed ratings in preparatory races have a better probability of winning the...
Economists were expecting a solid jobs report for April. They got a great one. Last month, the U.S. economy added 263,000 jobs, driving the unemployment rate to a 49-year low of 3.6%. Analysts were only expecting payroll growth of 200,000, which likely would have left the unemployment rate at 3.8%. Professional and business services led the job creation race with...
Economists were expecting a solid jobs report for April. They got a great one. Last month, the U.S. economy added 263,000 jobs, driving the unemployment rate to a 49-year low of 3.6%. Analysts were only expecting payroll growth of 200,000, which likely would have left the unemployment rate at 3.8%. Professional and business services led the job creation race with...
Now that most of the US Major Indexes have breached new all-time price highs, which we called over 5+ months ago, and many traders are starting to become concerned about how and where the markets may find resistance or begin to top, we are going to try to paint a very clear picture of the upside potential for the markets...
Now that most of the US Major Indexes have breached new all-time price highs, which we called over 5+ months ago, and many traders are starting to become concerned about how and where the markets may find resistance or begin to top, we are going to try to paint a very clear picture of the upside potential for the markets...
Generally speaking, the month of May isn't a great one for stocks. Between graduations, vacations and the froth built up from the usual bullishness seen over the course of the first four months of the year, stocks tend to take a break at this time of year. To quantify the tendency, since 1950, the S&P 500 has averaged a 19%...
Generally speaking, the month of May isn't a great one for stocks. Between graduations, vacations and the froth built up from the usual bullishness seen over the course of the first four months of the year, stocks tend to take a break at this time of year. To quantify the tendency, since 1950, the S&P 500 has averaged a 19%...
Our proprietary price cycle tool is showing us that the Daily Gold cycles may dive a bit lower, possibly into the $1250 to $1265 level, over the next 3~7+ days before reaching an ultimate low. We’ve been covering the precious metals markets like hawks because of our proprietary price modeling tools that suggested the April 21~24 dates as an ultimate...
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