Moving Averages

A Simple Method Of Risk Management

In hindsight, it is easy to see that investors should have been out of the market in 2001 and 2008. However, remember just prior to those two major market peaks the Wall Street mantra was the same then, as it is today: “This time is different.”

Will Gold's Tumble Continue? Here Is Citi's Answer

This morning's flash-crash dump of over $2 billion notional in gold futures broke numerous technical levels, but as the precious metal bounces back off support, the question is will the bounce continue? Citi answers...

Trader: "We Need Another 20 Basis Points For The Entire Narrative To Change"

"The 2s10s spread can bear-flatten through last year’s low to accomplish the break, but I don’t think you get the dollar motoring unless the yield curve holds these levels and bear- steepens. Traders will set the bar kind of low and start getting excited if 10-year yields can breach 2.23%. But at the end of the day we need another 20 basis points for the entire narrative to change."

Trader: "The Downside Doesn't Get Interesting Until S&P Hits 2,400..."

"...two people said to me this morning that equities are getting killed. They’re down. That’s about all that can be said at this point. We saw these prices at the end of last week. The downside doesn’t get even remotely interesting until we break below 2400 in the SPX. Who knows, the day is young..."

Bill Blain: "What's Going On In Equity Markets Should Serve As Something Of A Warning"

Most of the recent gains have been concentrated in a very small number of the mega-cap tech stocks – Apple, Google, Facebook and Amazon. Despite the absence of any real selling pressure (yet!), the rest of stocks are struggling to keep up the momentum. A handful of mega-cap stocks are masking underlying weakness. Near 1/3 of the rest of the SPX are in bear phase.

Healthcare Reform Solves Nothing... It's The Debt, Stupid!

"First, everyone just calm the f**k down. The passage of the American Health Care Act by Congress this past week does nothing immediately. Nobody is going to die. No one will lose access to health care. The world will not end... but it does face a much bigger existential problem..."

Homeownership Among US Millennials At All Time Low

The homeownership rate for Americans 35 and younger slumped from 34.7% as of December 2016 to 34.3%, in line with the lowest rate reported by the Census Bureau going back nearly a quarter century.

Goldman Begs Clients To BTF Oil Dip

"Ignore the drop in oil prices... it's just technical" is the message from Goldman's bullish Damien Courvalin who believes fundamentally the pace of the inventory declines are encouraging and does not see evidence in the oil market to justify this (negative) shift in sentiment. In other words, BTF Oil Dip!

Global Stocks Slide As Iron Ore Crashes; Pound Jumps After UK Calls Snap Elections

European stocks slide  s traders return from a 4-day Easter holidays, Asian equities likewise drop pressured by the ongoing rout in iron ore, while U.S. stock-index futures point to a lower open. British markets were roiled after U.K. Prime Minister Theresa May said she would seek an early election on June 8. The FTSE 100 droped 1.3%, on the news, hitting the lowest since Feb. 24