Stocks Edge Higher On Mixed Earnings

Hello MarketClub members everywhere. As we wrap up the week Stocks are heading slightly higher today and looking to close out the week on a high note. The rally has been led by the telecom sector. AT&T Inc. (NYSE:T) was up 1.5 percent after its earnings results. Verizon Communications Inc. (NYSE:VZ) rose 1 percent as news broke that Verizon is the front-runner for Yahoo's core business after outbidding others including AT&T. Conversely Yahoo! Inc (NASDAQ:YHOO) was up 1 percent as well.

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Looking ahead to next week the question is, what will the Fed do? All signs point to The U.S. Federal Reserve keeping interest rates on hold Wednesday, but investors will be looking for hints about the Feds next move.

The next move is still seen as an increase in rates. But even as concerns over Brexit ease the U.S. election is drawing closer, likely pushing back action towards the end of the year and possibly limiting the Fed to a single hike in 2016, a far cry from its early-year estimate for four moves.

Key levels to watch this week: Continue reading "Stocks Edge Higher On Mixed Earnings"

More on the 'Breadth Thrust' and Market Internals

By: Gary Tanashian of Biiwii.com

NFTRH 404 deviated from the usual format of widespread, in-depth coverage of US and global markets, precious metals and commodities in order to focus on two main themes.  One was a view of building short-term risks in the gold market [possibly pending new rally highs] and the other of a developing bullish phase in the US stock market.  We reproduce part of that segment here…

Ref. Breadth Thrust: Prelude to a Crash? (July 12)

Subscriber ‘LN’ presented a view of the impending ‘breadth thrust’ signal and we both came to the same conclusion; that this is ending action in the stock market. It is at once very bullish and very bearish, depending on time frames. Below is additional information per ‘LN’, who is a financial adviser and thus, not a casual observer. I would also note that both ‘LN’ and I have similar caveats about analogs from the past projecting to the future (they often do not do it well). But for reference (emphasis mine)… Continue reading "More on the 'Breadth Thrust' and Market Internals"

Stocks Take A Breather

Hello MarketClub members everywhere. Stocks are fluctuating near all-time highs as investors weigh the prospects for further gains after mixed corporate earnings from companies including Netflix Inc. (NASDAQ:NFLX), Johnson & Johnson (NYSE:JNJ) and The Goldman Sachs Group Inc.(NYSE:GS).

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Key levels to watch this week: Continue reading "Stocks Take A Breather"

Today's Big Trends and Opportunities

Hello MarketClub members everywhere. In today's video update, I'm going to look at some of the big trends I see in the markets and analyze the power and depth of each them.

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Let's begin with the major indices - it seems like eons ago that the world was going to h*ll and a hand basket with Great Britain's vote to exit the EU or as it was popularly known a Brexit. In a little over three weeks all the major indices have recovered and are trending higher. It just proves once again that the market eventually gets it right. Continue reading "Today's Big Trends and Opportunities"

Wonderland

By: Gary Tanashian of Biiwii.com

“If I had a world of my own, everything would be nonsense. Nothing would be what it is, because everything would be what it isn’t. And contrary wise, what is, it wouldn’t be. And what it wouldn’t be, it would. You see?” –Alice in Wonderland

Silver out performs gold as both rise with Treasury bonds, which are in turn rising with stocks, as Junk bonds hit new recovery highs while USD remains firm as inflation expectations are out of the picture. This is highly atypical, maybe even unprecedented.

Some, deeply dug into their particular disciplines and biases, might say it is dysfunctional, as this backdrop simply does not make sense using conventional methods of analysis. Why again did I name this service Notes From the Rabbit Hole?

When the S&P 500 was robo rising month after month, year after year as it did from 2011 to 2015, you did not need the market report with the funny name because all was linear and as it should be. The same actually, could be said for gold. It was linear and as it should be in its relentless downtrend. Casino patrons simply ride the trends!

But today things are making sense simply because we don’t have a need to make them make sense as linear thinkers would do; we go with the indicators and charts. Continue reading "Wonderland"