Global Markets

U.S. Financial Markets Review: Precursor To October

September was an uneventful month on the economic front, as the dollar continued to strengthen, and many ‘risk assets’ drifted lower with concerns about slowing global growth. In hindsight this action was a precursor to the wild ride in equities we’ve seen thus far in October. Here’s what happened in the financial markets in September, by the numbers: Stocks & Bonds After a rally in August, September saw minor declines

Why The Oil And Gas ETF (XOP) Is Rallying

The Oil and Gas ETF (XOP) suffered a tremendous decline from the 2014 all-time high at $84. In sum, XOP retraced 50% of the move from $23 to $84 from the bear market low in 2009 to its peak in 2014. The precise 50% retracement level is $53.53. Technicians like to find a confluence of technical significance when identifying support and resistance. And with this in mind, we can see

Grain Sector Rebounds: Corn, Wheat Prices Surge

Several headwinds, including a stronger US Dollar and a bumper global crop have hit the grain sector over the past several months. Take Corn for example. Corn for December delivery fell almost $2.00/bushel from May to October, seeing prices hit a low of $3.20/bushel last week. And similar downdrafts hit Wheat and Soybeans as well. In fact, Cargill, Inc. said that profits dropped 26% in the latest quarter as their grains

Emerging Markets Fall Sharply In September to Un-Remember

September wasn’t kind to the Emerging Markets (EEM). After ripping higher throughout much of the summer, EEM has been punished by what appears to be a shift in capital flows, as the US Dollar has risen smartly while US Equities have held up pretty well. All told, investors watched the Emerging Markets fall 7.77 percent in September. That’s pretty unreal considering that was the performance for a single month. And although

Will Palladium’s Price Drop Pull The NASDAQ Down?

There is something very broken with Palladium. The drop in price has accelerated into September and created one scary chart for traders. This shouldn’t be entirely shocking, though… at least, if you have been following my thoughts and analysis on this subject. The continuous liquidation comes on the heels of my late August post on BartsCharts.com, wherein I highlighted the completion of Palladium’s pattern higher. Since that time, it’s been

Why Apple (AAPL) Flatlined After iPhone 6 Announcement

If you’re an active investor, you likely understand that participants are constantly attempting to price in what they know or believe they know about the market or a given security. The latter often leads to speculation – see Yahoo (YHOO) or Alibaba (BABA) – but the larger point here is that markets are forward looking. This logic was on display with the recent Apple (AAPL) product launch. Please note that this example has more to do

US Dollar Strength Continues: Weekly Close Important

The US Dollar has continued to punish those that bet against it. It has been overbought for some time but as most seasoned investors know, overbought can stay overbought for longer than one thinks. This week the US Dollar Index (DX) broke through the July 8, 2013 weekly high of 84.965. This has put the market on notice and may signal more near-term upside. But, for that to happen, we’d

Canadian Equities Flashing Caution: Financial Markets Recap

The intermediate-term trend indicators that I am watching (and use) are designed to signal the trend of the market over the next 3 weeks to 3 months. I do not use these indicators to out-perform the underlying market index; rather, I use them to better manage the risk associated with investing in stocks. For those that are retired or near retirement, the number one priority should be preventing devastating losses because your

Silver Prices Fall Sharply: Technicals Point To $14

Silver prices continue to drop, as the precious metals sector falls further out of favor. At the time of this writing, Silver futures are trading around $17.50/oz, down 0.34. This drop follows Friday’s steep drop in silver prices and seems to be getting the attention of market participants and followers, including some readers that have tracked my work on Silver. A higher dollar and weak Euro zone seem to be getting most of