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Stocks

S&P500: Wild Ride To 2703 Major Support Is A Retrace To Buy.

S&P500 update: Another wild ride back to the 2703 major support level while price produces a spinning top. As dramatic or bearish as this market may appear on a day to day basis, it is hesitating at a level where a higher low is likely to form. Broader structure is still bullish and if anything,...
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S&P 500: In The Face Of Selling, This Truck Is Still Going North.

S&P 500 update: Do not be mislead by any bearish opinions, because from a technical standpoint, this market is clearly poised to push higher. With the recent sell off resulting in a bullish pin bar, inside bar and higher low formation, it is just a matter of catalyst to motivate the next leg into the...
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S&P 500 Breakout To 2800s? Triangle Shows Bulls In Control.

S&P 500 Update: The June S&P Futures contract is extending its triangle further. A consolidation like this, especially inside of a resistance zone, is a sign of strength. When a market rejects a resistance, it happens quickly. The lack of selling is a sign of confidence built into the broader stock market which is more...
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Trade War Averted – Is it Time To Run Like a Deere?

Overview: So maybe the trade-war is only put on hold,   but as we stated in our article on trade tariffs here ,  the initial threats of tariffs this was simply positioning.  Was there a signal that an agreement was coming to an end?  Clearly the market was signaling a reversal BEFORE the news was released on...
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S&P 500: Is This Triangle The Key To A Summer Rally?

S&P 500 Update: The June futures contract has been consolidating within an active resistance zone over the previous week. The point to consider is the fact that the bearish pin bar that appeared off 2750 has not lead to any serious selling. Instead, it has lead to a triangle which often serves as a trend...
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S&P 500 Reveals Bearish Pin Bar? Consolidation Still In Effect.

S&P 500 update: A bearish pin bar has been established off of the resistance trend line, pointing to an immediate move lower. It is important to remember that this market is still rangebound, but has a bias for a bullish breakout still in place. 2661.25 is the low of the pin bar and trigger for...
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Marathon Merger with Andeavor – Synergies and a Potential Spin-off

Overview: Marathon Petroleum Corp (MPC and Andeavor (ANDV) announced a merger agreement where MPC will acquire all of ANDV’s outstanding shares.   Marathon operates mainly in the Eastern part of the U.S. with Andeavor operating mainly in the West.   This merger not only creates the largest US refiner,  it creates a convenience store conglomerate by adding...
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Exxon Mobil – More Than an Oil Company

Exxon Mobil has been considered to be an oil legacy business by most investors,  but Exxon is much more than just oil.   They are one of the largest chemical companies in the world,  behind the likes of BASF and Dow Chemical.   With demand for polypropylene and polyethylene expected to grow as demands for plastic continues...
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Silly Market – “Earnings are Good”

Nothing like getting earnings beats across the board and the market listens to the conference calls and the market sells off.    Keep in mind it is estimated that 40% of the market is traded using algorithms and they often are programmed to pick up key words during calls, and the herd often follows in...
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Randgold vs GDX – Comparing Apples with Rotten Eggs

“Diversification is protection from ignorance.”  Warren Buffet   There is a misconception in the market that gold does not provide a return and is simply a hedge for a portfolio.  Ask most brokers,  and they will tell you that an investor should have 5-10% of their portfolio in gold,  and the bulk of your money...
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