ETF Talk

Oil Spikes Near $33 After Turkey-To-Invade-Syria Rumor

Tyler Durden:  Yesterday it was chatter of 6 (non-Saudi) OPEC members agreeing to an emergency meeting (to do what exactly?) that ramped crude (despite dismal production, inventories, and demand data). Today it is talk of Turkey potentially invading Syria from the Russian defense minister. “We...

How Is The Bullish 1994 Stock Analogy Holding Up?

Chris Ciovacco:  One of the great things about stock charts is they allow us to track the markets using reference points from the past. For example, we may have drawn a trendline three weeks ago, then three weeks later the market rallies back to the trendline and reverses. Therefore, in today’s...

New Jobless Claims: Up 8K, Worse Than Forecast

Jill Mislinski:  Here is the opening statement from the Department of Labor: In the week ending January 30, the advance figure for seasonally adjusted initial claims was 285,000, an increase of 8,000 from the previous week’s revised level. The previous week’s level was revised down by 1,000...

The Worst Januaries Since 1970 and How the S&P 500 Fared Thereafter

The S&P 500 ended January with a 5.07% loss. This is only the 8th time the S&P got hit with a January loss of 5% or more (since 1970).
The table below shows all 5%+ January losses and the corresponding full-year performance.

The chart below shows each individual year’s exact path from...