by bitkogan Microsoft delivered outstanding quarterly results, and Google (Alphabet) didn’t disappoint either, announcing a $70 billion buyback program. So, is an uptrend guaranteed? Once again, I wouldn’t be so sure. I did capitalize on yesterday’s drop, partially closing my positions in SOXS (Semiconductor Bear 3X) …
$spx uptrend on broadening wedge is breaking pic.twitter.com/K5xZc7ErRk — Michael J. Kramer (@MichaelMOTTCM) February 23, 2023 Interest rate expectations update: Chances of a 50 bps rate hike in March are nearing 30%, a fresh high. Just 3 weeks ago, this …
by Tom McClellan There have been “breadth divergences” galore piling up recently, and there are lots of ways to measure or depict that. Among these is the indicator shown in this week’s chart, which measures the number of stocks in the …
by Tom McClellan The US Dollar Index is headed for a multi-month uptrend, if you can believe the message from tin prices. Tin is an industrial metal, used in electronics and for making corrosion resistant coatings for other metals. Demand for …
by Tom McClellan VIX futures contracts have only been a thing since March 2004, and they were not a big thing when they first started. In more recent years, they have become an important tool for a lot of hedge funds …
by Charles Hugh-Smith Those who own stocks and housing now will continue getting richer, those who don’t will be priced out of these markets. A classified Federal Reserve memo sheds new light on the Fed’s confidence in its control of …