Last week was a measured action against extremes. The downturn in U.S. equities last week ended a streak of 404 trading days without a 5% pullback in stock prices from the previous high. That marked the longest such streak in market history, an extreme. The S&P 500 closed on Friday at 2619.55, rallying 1.5%…...
SPX 500, CFD (Daily Candles) As we enter the corrective phase of the market moves, we seek the guidance of technical analysis to provide us with some insight on possible market moves for the upcoming sessions. Above you will find a Daily Candle chart of the S&P 500 Contracts for Difference, which tracks the SPX.…...
The Grand Market Sell-Off: Is that what we’ll be calling the pullback in the indexes in the coming weeks? Most obviously it remains to be seen, but one thing is for sure…this pullback was well overdue. The Dow Jones Industrial Average fell nearly 700 points on Friday to cap an ugly week and after a…...
Starbucks is set to report its Q1 2018 results after the closing bell on January 25, 2018 and to much consternation that finds shareholders hoping for a positive outcome. The share price has lagged its peer group valuation as growth for the coffee and restaurant giant has recently underwhelmed investors. After missing consensus estimates for…...
While the U.S. Government is shutdown, corporate earnings will still continue to roll in as the tech sector begins reporting this week. Later in this report, we will discuss one of the most famed tech sector companies reporting on Monday after the closing bell, Netflix Incorporated. Month-to-date through Jan. 18, 2018, the S&P 500 is…...
What a week it was for the major averages. The meteoric rise would almost have to find perma-bears and “top callers” in dismay had they not left long positions in play until the markets showed actual signs of resistance and subsequent declines. The Dow Jones Industrial Average climbed 4.4% and the S&P 500 has rallied…...
Models are useful. They help us understand the world around us and aid us in predicting what will happen next. But it’s important to remember that models don’t necessarily reflect the underlying reality of the thing we’re modeling. The Ptolemaic model of the solar system assumed the Earth was the center of everything, but in spite of…...
Today, as part of the Golden Capital Portfolio holdings update, I will be adjusting capital exposure minimally with iPath S&P 500 VIX Short-Term Futures ETN (VXX) and/or ProShares VIX Short-Term Futures ETF (VIXY). Given the scarcity of shares to borrow in UVXY presently and likely until shares undergo a reverse split later this month or thereafter, VXX…...
Aggregate Estimates and Revisions by David Aurelio Fourth quarter earnings are expected to increase 11.9% from Q3 2016. Excluding the Energy sector, the earnings growth estimate declines to 9.4%. Of the 500 companies in the S&P 500 that have reported earnings to date for Q4 2017, 78.9% have reported earnings above analyst expectations. This is above…...
There is nothing wrong with unbridled enthusiasm when it’s correlated to the appropriate level of rationale. That’s the premise of the equity markets it would seem over the last several months and as equity prices have elevated into, what some may describe as, bubble territory. No argument can be made suggesting that the rapidity for…...
