Technical Analysis

Market Update: Happy New Year!

By request - following the huge market rally in 2013 - here are a couple of stock market graphs. The first graph shows the S&P 500 since 1990 (this excludes dividends).The dashed line is the closing price today. The market was up 29.6% in 2013 plus dividends...

Chinese Stocks Are On The Edge

With all eyes squarely focused on US equity markets daily impersonation of the Caracas Stock Index, BofAML is growing increasingly concerned about China. Since the start of December, Chinese equities have been under significant pressure with the Shanghai Composite on the edge of completing a...

Trade Ideas For Friday

Here’s a look at the runner screen at the close on Thursday. I will be watching for continuation in a few of the names below, unless of course the market rolls over here. In the event we do indeed roll over, I think the correct play will be to press shorts into the weekend. A simple $QID...

China Folds, "Un-Tapers"; But Repo Rates Remain Elevated

UPDATE: Un-Taper didn't work - 7-day repo just hit 9% as (just as we warned) the small banks are left wth scraps   For the first time in 3 weeks, the PBOC un-tapered and added CNY 29 billion liquidity (via reverse repo). Despite the Chinese governments denial of any liquidity crisis, the...

Two Names Set To Squeeze

Going through the “Kill The Shorts” screen inside The almighty PPT, which searches for stocks with high short percentages and high technical scores, here are two names that look ripe to squeeze higher this week: NILE – Look for things to get fast above Friday’s high, $48...

Fed: Industrial Production increased 0.6% in May

Industrial production rose 0.6 percent in May after having declined 0.3 percent in April. The decrease in April was previously reported to have been 0.6 percent. Manufacturing output increased 0.6 percent in May after having moved down 0.1 percent in the previous month. In May, the output of mines gained 1.3 percent and the production of utilities decreased 0.8 percent. At 103.7 percent of its 2007 average, total industrial production in May was...