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US Stocks Poised For Follow Through Gains

US Stocks Poised For Follow Through Gains

The S&P500 mini-futures opened flat yesterday, but came to life as the day got closer to the Fed interest rate announcement at 2:00 p.m. After some wide fast moves, the futures settled down and closed at 2101.50, above the important 2100 level for the first time since this decline began, and about 14 points above the prior close. A good day for the Bulls. The impetus for this irrational...

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Tech Sector Poised For More Gains: QQQ

Tech Sector Poised For More Gains: QQQ

If you’ve been reading my commentary over the past five weeks on TraderPlanet you’ve probably noticed a couple that were focused on the Nasdaq ETF (QQQ). To me this has been a great way to filter out single stock earnings risk from the likes of Apple, Microsoft, Amazon, Facebook, and Google (3 went up, 2 moved lower) in the more volatile tech/social media area of the market. Moving forward...

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Gold Could Drop 50% From Its 2011 High

Gold Could Drop 50% From Its 2011 High

Gold peaked at just above $1900/oz back in 2011.  Since then it has been working lower in fits and spurts and is now more than 40% off those peak prices. Looking at a weekly continuous chart of gold futures, it’s easy to see how gold has repeatedly declined into zones of support (as defined by the volume profile) and found buyers, however never enough to turn the trend of prices back to the...

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Blood On Wall Street: Chinese Crash Impacts US

Blood On Wall Street: Chinese Crash Impacts US

The S&P500 mini-futures (ES) continued to swoon Monday after the Chinese stock market took another knockout punch from panicky investors, many of whom are using borrowed money to bet that the central government will not allow the stock market to sink. The Shanghai composite index rose 68% from February to June; it has since given back about 70% of that increase, and now stands about 20%...

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US Stocks Are Near A Low: Here's Why

US Stocks Are Near A Low: Here's Why

The Hybrid Lindsay forecast calling for a high in the Dow near Wednesday (July 15) of that week (A Low In The Dow: A Long Hot July) was successful even if a day early. Although both the S&P 500 and NASDAQ continued their advance until the following Monday, the Dow Industrials index printed its high on July 16. That week’s Commentary also mentioned the forecast for a low during the period...

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Brace For More Stock Market Volatility

Brace For More Stock Market Volatility

Last week Well, it was fun while it lasted. The S&P500, the large-cap index, had a nice little mid-summer rally going at the start of the week, up about 90 points in eight days, moving from the low end of the three-month channel to make a two-month high last Monday, just a couple of points below the all-time record. Sweet summer. And then it fell apart. There were new concerns, based not...

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Selling Has Been Fast And Furious In Metals

Selling Has Been Fast And Furious In Metals

Hi traders from all over the world! How are you doing? I hope you are ready for a most exceptional and exciting week ahead.   I want to give you a quick overview and glance at METALS this week to give you an idea of what I’m thinking.   I am bearish on Silver and Gold for the next few weeks actually. There has been some serious selling in both the SLV and GLD ETFs.  The selling has been...

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Google And Apple Earnings: Time To Buy?

Google And Apple Earnings: Time To Buy?

So Google barely meets earnings expectations, misses on revenues and jumps 16% post earnings, while Apple also beats earnings and revenues but drops 6%.  The bi-polar reaction to similar results has less to do with the actual earnings and more to do with timing, psychology and expectations. What gives here?  We find the answers lie in options and expectations.  Simply put, when implied...

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Is Gold Dead? Timing The Top In US Stocks

Is Gold Dead? Timing The Top In US Stocks

The SPDR Gold Trust (GLD) was originally created in November of 2004, when the fund was listed under the name StreetTRACKS Gold Shares on the New York Stock Exchange. It was sponsored by State Street Global Advisors and the World Gold Council. Shares have traded under the SPDR name since May of 2008. Unlike most other commodity ETFs, which use futures contracts, the fund is a trust and holds...

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How To Win At Trading: Think Less, Win More

How To Win At Trading: Think Less, Win More

I teach trading in order to learn it better. Often, the most valuable insights about how the markets work, and how to best work with them, seem to reflect the principles of sports psychology. I’m not a sports psychologist, however, but I am a competitive tennis player, so I live sports psychology on the weekends. At team practice on Monday night only 4 of us showed up, so we had a...

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Smart Stock Traders Buy On The Dip

Smart Stock Traders Buy On The Dip

This is what buying the dips looks like. The S&P500 mini futures (ES) gapped down sharply overnight.  But as soon as the day session opened, new buyers started entering the market on volume just above the 2100 support level. The low for the day 2102.25, was made in the early session, and the price recovered from that point on. The futures stayed red all day, but closed well off the lows...

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Stocks: Qlik Technologies Poised For Big Move

Stocks: Qlik Technologies Poised For Big Move

Qlik Technologies is the $3.4B data visualization software company that offers products such as QlikView and Qlik Sense. On April 23rd, they reported Q1 EPS of -$0.09 vs the Wall Street consensus estimate of -$0.14 on revenue of $120.3M vs the $113.9M estimate (+23% ex currency on a year over year basis). Given the projected acceleration in earnings (42% this year to 53% in 2016) and sales...

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US Stock Earnings Disappoint: What Now?

US Stock Earnings Disappoint: What Now?

Several of the stock market heavyweights reported Q2 earnings yesterday (notably IBM and United Technologies Corp UTX) and the results were not pleasing. The DJIA was red all day long, and dropped 181.12 points at the close.  The S&P 500 and the mini-futures (ES) both caught the contagion and ended lower. The mini futures (ESU5) closed the day at 2114.50, 4.25 points below the previous...

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Ask Kase: Is It Time To “Go For The Gold”?

Ask Kase: Is It Time To “Go For The Gold”?

“Ask Kase” and your question may be chosen as the subject of a future column (askkase@kaseco.com). With the first increases in interest rates in over nine years looming, and the dollar strong, and gold supplies reportedly healthy, especially in China, it’s looking especially weak. After a strong decline on Monday, it bounced a bit on Tuesday, so, is it time to “go for the gold”. While...

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The Price Of “Things” Vs. Treasury Yields

The Price Of “Things” Vs. Treasury Yields

See below— a chart of the CRB index (red line) versus the ten year treasury yield, white line.  As you can see, the relationship between the two is sometimes tight and sometimes a bit on the loose side.   From the second half of 2014 to the beginning of this year the relationship was pretty tight.  However, as 2015 has progressed, there has been more and more of a divergence.  The CRB is...

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