Category Archives: members only

Morning Report – May 21, 2018

  Pre 7:00 Look Futures are sharply higher following positive U.S./China trade comments over the weekend. Treasury Secretary Mnuchin said on Sunday the U.S./China trade war was “on hold” and while no great specifics were made on a deal, the comment does reduce the potential for trade to be a major bearish influence. Economically, Japanese […]
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Technically Speaking – Short This Snack Company?

Consumer Staples continue to be in a world of hurt.  They are the laggard in the S&P500 and CPB’s earnings report on Friday didn’t exactly help the space any.  Many of these familiar names are considered “forever” stocks or “widows and orphans” stocks.  These are of a conservative nature where consumers are always going to […]
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Technically Speaking – BMS

The market in general is overbought at this particular point, so today we are looking at stocks to sell or possibly short.  BMS is in the Containers and Glass industry but its costs are beginning to increase.  Can they handle it?  The stock appears to be in a wide downtrend channel and is right in […]
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Morning Report – May 18, 2018

Calendar spreads quietly hit two week lows yesterday while front month oil futures hit fresh multi-year highs. The divergence is a growing concern for the oil bulls as the old Nymex saying goes: “spreads don’t lie.”   Equities Market Recap Stocks gave up early gains yesterday and the major indexes ended mixed thanks to rising […]
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Technically Speaking – Another Speculation Turned Runner

Back in March I covered BCOR as a potential buy at current levels.  This turned out to be quite a call then because we’re looking at a 50% gain since then!  BCOR showed continued accumulation by CMF being strong and the stock managed to climb higher.  Then earnings hit the stock last week and it […]
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Technically Speaking – Small Sporting Goods Retailer

It’s speculative Friday and Retail stocks are strong right now with earnings from M re-igniting this fire.  BGFV looks like its in a good place right now, technically.  RSI shows a stock that was overbought but managed to come back to neutral after earnings and the MACD is starting to narrow its decline as BGFV has […]
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Morning Report – May 17, 2018

Pre 7:00 Look Futures are slightly lower as markets digest the recent rally ahead of the U.S./China trade meeting today. Economically it was a quiet night as Japanese Machine Orders (-3.9% vs. (E) -2.0%) was the only notable release. Geo-politically, optimism is building around today’s U.S./China trade talks as Peter Navarro, a China trade “hawk,” […]
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Technically Speaking – EEM

Emerging markets are a space that is garnering concern due to the soaring US Dollar.  We see that EEM is in the midst of a triangle formation and is showing signs of bullish and bearish activity.  For the bears, we see RSI as holding strong below 50, which means it tends to be on the […]
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Technically Speaking – US Dollar

The US Dollar has been soaring since bottoming in April  This bottom is strong because there were several tests of it since February and the currency has rallied out of the downtrend channel.  However, there is still a pattern of lower peaks and troughs and in order for the Dollar to really bottom, we need […]
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Morning Report – May 16, 2018

Pre 7:00 Look Stock futures are flat and overseas markets were mixed but little changed overnight as the dollar continues to strengthen and bond yields grind to multiyear highs. Economically, Japanese Q1 GDP was soft (-0.2% vs. E: 0.0%) while EU inflation figures were in-line with expectations. Oil futures are off session lows after an […]
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