Category Archives: members only

Morning Report – December 15, 2017

Pre 7:00 Look Futures Econ Today: Empire State Manufacturing Survey (E: -0.1%), Industrial Production (E: 0.3%). There are no Fed officials speaking today. Today is quadruple witching options expiration. It was another favorable weekly jobless claims print yesterday as new claims fell to 225K vs. (E) 239K. The continued downtrend in weekly claims continues to […]
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Technically Speaking – ORCL Falls

ORCL reported after the bell yesterday and the stock is in decline.  This one is a difficult one to capture.  It’s either going sideways or rallying strongly and right now that move is sideways, but sideways can make money too.  Right now, ORCL looks like it is coming into the lower bound of this sideways […]
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Technically Speaking – ITT

ITT is a strong stock that has been in a strong uptrend.  The move from August to now has been shown as overbought throughout the move, however ADX was also trending strongly.  Now RSI is back to neutral for the first time since the rally began as ADX is coming back to a more normal level.  […]
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Technically Speaking – Financials Sink Off a Rate Increase?

As I mentioned today, we saw a drop in the 10 year and the Financials were the worst performing sector of the SPX on a day where the Fed raised the short term lending rate 1/4%.  It came as little surprise as Financials rallied strongly over the past few weeks, maybe in expectations of this […]
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Morning Report – December 14, 2017

Pre 7:00 Look Futures are slightly higher as markets digest a lot of economic news from overnight, most of which was positive. Economic data was good overnight as Chinese Fixed Asset Investment, IP & Retail Sales all were in-line while flash PMIs were strong in Japan and Europe (58.0 vs. (E) 57.2). Politically, there is […]
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Technically Speaking – Fed Raises Rates, 10 Year Note Drops

It’s a counter-move to what the layperson would expect, but sometimes after the Fed hikes rates, we get the opposite of the expected move.  We saw Gold soar, the Dollar sink, bonds rally and the yields drop, and Financials sink.  TNX has been in a rather tight range of between 2.3 and 2.45% over the […]
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Technically Speaking – Staples Look Ripe for Correction

Staples have come out of nowhere to rally near to highs.  It was a strong rally that the technicals do support, but the quality of these stocks being purchased, isn’t there.  That’s a fundamental argument I know, but XLP can’t ascend at this rate forever and it is hitting resistance from the June highs.  RSI […]
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Technically Speaking – CRCM

CRCM fell out of bed yesterday.  A quick 9% drop on no news is what happened and it is currently sitting right around support.  Although the MACD is showing momentum starting to decline, CMF is stil positive with ADX trending at 23.  RSI just peeked below 50.  This could be a buying opportunity as CRCM […]
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Morning Report – Decemeber 13, 2017

Pre 7:00 Look Futures are slightly higher after declining overnight on news of the upset victory by Democrat Doug Jones in the Alabama Senate race leaving the Republican majority in the upper chamber just 51-49. S&P futures recovered however as the special election increases urgency on passing a tax bill by year end. German Nov. […]
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Technically Speaking – SPR

As we scour the Aerospace and Defense stocks for potential buys, SPR seems to rise to the top.  Yesterday we looked at the ITA and it looked okay, but LLL seemed difficult to accumulate with its current technicals.  There are other A&D stocks too that are showing distribution in CMF while they continue to climb.  […]
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