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The Case For QE 4
Easy Money From Global Central Banks Continues To Fuel This Market Since the historic March 2009 low, the benchmark S&P 500 has surged a very impressive 203% making it one of the strongest bull markets in history! The primary driver of this entire 5.5 year bull market has been an easy money stance from global…
US Dollar Breaks Down; Euro & Other Currencies Break Out!
The USD broke below multi-year support earlier on Tuesday while the Euro and a slew of other currencies broke out above multi-year resistance. The next level of support for the USD is 79.06 then 78.72. The next level of resistance for the Euro is 1.3966…. Yesterday Legendary Hedge Fund Manager Paul Tudor Jones said: “Macro trading has…
Market Looks Toppy & A Closer Look At The Dow…
By Adam Sarhan, SarhanCapital Market Looks Toppy and A Closer Look At The Dow The market is getting weaker, not stronger. We are continuing to see more and more deterioration occurring as the major indices look toppy up here. The tape continues to break down. The bull market is over 6.5 years old and that…
A Better Way To Bottom Fish?
LIKE THIS? SIGN UP FOR OUR FREE NEWSLETTER Infinite Opportunities: Those of you who know me know that I focus heavily on leading stocks. Why? Because by definition, leading stocks out-perform the market. So my chances for success are skewed in my favor when I focus on leading stocks. That is one tool in my…
Why The Fed Didn't Taper – September 2013
Why The Fed Didn’t Taper: 9/22/2013 Two reasons: Fits their Agenda, and a Simple Cost/Benefit Analysis. Bernanke’s worst case scenario for continuing QE is hyper inflation, which is currently a nonevent. Meanwhile, the upside of continuing QE: Help the Economy, Create Jobs, and Raise Asset Prices. Since the worst possible scenario is hyperinflation (and we are no where near…
Bulls Gobble Up Stocks As Volume Recedes
The major averages advanced on Wednesday as the greenback slid to a 14-year low against the yen after the latest round of economic data was released. As expected, volume, a critical component of institutional demand, was lower than Tuesday’s levels ahead of the the Thanksgiving day holiday. The stock market will be closed on Thursday and is slated to close early on Friday (1pm EST) in oberservence of the holiday. Advancers led decliners by over a 2-to-1 ratio on the NYSE but trailed by a narrow margin on the Nasdaq exchange. There were 22high-ranked companies from the CANSLIM.net Leaders List making a new 52-week high and appearing on the CANSLIM.net BreakOuts Page, higher from the 12 issues that appeared on the prior session. In terms of new leadership, it was encouraging to see new 52-week highs outnumber new 52-week lows on the NYSE and Nasdaq exchange.
