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Showing Posts 61 - 70 out of 114 found.

This Year is Following the Script of 2014

This Year is Following the Script of 2014

It’s funny how history rarely repeats, but often it rhymes.  Yet, in looking at the stock market performance for 2015, it seems oddly familiar.  The first few months of the year have mostly been following the same pattern as 2014! That’s quite interesting and rare, as we hardly ever see two years taking shape in similar ways.  Yet, after the first 10 weeks, the market patterns are quite the...

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ESH5: Running Down To Zero

ESH5: Running Down To Zero

 Yesterday The March contract in the S&P500 mini futures (ESH5) enjoyed a small bounce today as it nears the end of its trading life. The contract closed at 2064.25, up about 25 points on the day. The volume was about 20% of normal. This is about right. The March contract reaches the official rollover day today, and most traders will switch their trading to the new front contract, June....

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The Market Is A Dash and A Marathon

The Market Is A Dash and A Marathon

Yesterday, I watched an 800-meter race for our high school (our kid got third). One guy led the whole race until the last forty meters or so. In those last forty meters, the fella who did win came on steadily.  Slowly, and with churning power, he swallowed each millimeter between the leader and himself, until, finally, at the very end, he pushed his chest and head forward with a spurt of...

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A Play On The April E-Mini S&P 500

A Play On The April E-Mini S&P 500

It appears that winter may be finally coming to an end in the United States. The Midwest and Northeast have gotten a bit of a teaser this week of something that resembles spring. There is a change of season approaching that is long overdue for many who have been battling precipitation in a solid form for too long. Something that appears to be sticking around during this transition is...

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An Options Play On Visa

An Options Play On Visa

On January 28, 2015, Visa (V) announced its first 4-for-1 common stock split, under which the company issued 3 more shares against each share held by an investor. These will be distributed on March 18 to shareholders of record as on February 13. Overall, the company has issued about 1.89 billion additional shares, thereby increasing the total shares outstanding to 2.5 billion from 614...

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Traders Bet On New Highs In Teva Pharmaceutical

Traders Bet On New Highs In Teva Pharmaceutical

Teva Pharmaceutical Industries (TEVA) is the $55B Israeli based, generic drug maker of products such as Azilect and Copaxone. Recently, the company announced it was selling ANDA (Flecainide Acetate tablets USP 50mg, 100mg and 150mg) to ANI Pharmaceuticals and its Sellersville, PA facility to G&W Laboratories as part of a cost cutting effort. The stock trades at a relatively cheap...

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ESH5: A Long Slow Consolidation, Waiting For The Next Shoe To Drop

ESH5: A Long Slow Consolidation, Waiting For The Next Shoe To Drop

Yesterday The S&P500 mini futures (ESH5) closed at 2039.50 yesterday (Weds.) after a day spent shucking back and forth within a very narrow consolidation range. It closed marginally (2.50 points) lower than the previous day, but the significant move was not the decline, rather, the long slow price consolidation between 2048-50 and 2038.50. This was a pause after the dramatics of Friday...

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Where Exactly Are We Headed?

Where Exactly Are We Headed?

This morning I read an interesting article on TraderPlanet, WARNING: SIMILARITIES BETWEEN 1998 and 2015. In the piece, Alex Manzara points out a number of thought-provoking facts about the two market time frames, but one in particular is this: “… profits as a % of GDP are at an historically high level, a situation which is unlikely to continue.”  Now, I don’t disagree with Mr. Manzara, as I...

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A Closer Look At Wheat Ratios

A Closer Look At Wheat Ratios

Wheat export sales came in at 469-thousand metric tons, up 43% from the week prior.  The week prior was a marketing year low.  We had our usual spatter of Asian customers buying small amounts of wheat at a cash discount.  World-wheat buyer Egypt came in for 175-thousand metric tons as part of last week’s US line of credit offered and special incentives.  The announcement of their purchase...

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WARNING: SIMILARITIES BETWEEN 1998 and 2015

WARNING: SIMILARITIES BETWEEN 1998 and 2015

From the high touched in the beginning of March, the SPX has lost about 3.5% as of Tuesday’s close.  No doubt the pundits on TV will declare another buying opportunity, given improved labor dynamics in the US, aided by the decline in energy prices. If stocks climb a wall of worry, then I can describe, not a wall, but a sheer cliff of concerns.  For example, profits as a % of GDP are at an...

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