Posts Tagged ‘Break’
Mike Mayo on Weill’s Call To Break Up the Banks
Thursday, July 26th, 2012
(h/t: Barry Ritholtz)
Tags: Banks, Barry Ritholtz, Break, Mike Mayo, Weill
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Pocket of Strength: Employment in the Mining Industry
Wednesday, July 11th, 2012
Did you know that one of the industries that has seen the best job growth in the U.S. is mining? As you can see below, from the end of December 2007 through May 2012, U.S. employment in the mining sector has increased 16 percent. This percentage change is far better than any other sector, according to data from the Bureau of Labor Statistics.
The number released on July 6 showed that unemployment remains stubbornly stuck above 8 percent and Business Insider shared once again its “SCARIEST JOBS CHART EVER”. However, global investors should keep in mind that there are always pockets of strength. If you break out the June unemployment rate by industry, you can see that mining, quarrying and oil and gas extraction remains the lowest.
This trend is set to continue, according to Citi GPS. Citi believes as many as 3.6 million new jobs may be created by 2020, with 600,000 jobs in the oil and gas extraction sector and 1.1 million jobs in the related industrial and manufacturing activity. The firm says this could drive national unemployment to fall by as much as 1.1 percent.
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Tags: 6 Million, Break, Bureau Of Labor, Bureau Of Labor Statistics, Business Insider, Employment, Gas Extraction, Investor, Job, Mining Industry, New Jobs, Oil and Gas, Oil and Gas, Percentage Change, Pockets, Third Party, Trend, U S Global Investors, Unemployment Rate
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China Finally Breaks Above 200-Day Moving Average
Thursday, May 3rd, 2012
When an index or stock is above its 200-day moving average, it is considered to be in a longterm uptrend, and vice versa when trading below the 200-day. China’s Shanghai Composite finally broke back above its 200-day today after trading below it for the past 228 trading days. Going back to 1990, this was the third longest streak of its kind, and it clearly illustrates how weak China’s market has been over the past year.
China has had three prior streaks of 200 days or more below its 200-day.
And, this note, from Jon Najarian, OptionMonster:
Our @guyadami and @grassosteve love to trade stocks as they press support and resistance levels. The reason they do it is it just works, either buying on break above, or selling on break below.
Well, here’s a reason to NOT sell in May and go away; China’s Shanghai Composite broke back above its 200-day today after trading below it for the past 228 trading days.
According to our friends at Bespoke, this was the third longest streak of its kind since 1990. Bespoke says, “China has had three prior streaks of 200 days or more below its 200-day. Following the 278 day streak that ended in March 2009, China’s market took off, rallying 1.4% over the next week, 9.05% over the next month, and 25.66% over the next 3 months.”
Tags: Break, China Market, Day Trading, Investment Group, Jon Najarian, Love, Moving Average, Nbsp, Resistance Levels, S Market, Shanghai Composite, Stock, Stocks, Streaks, Uptrend
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Bonds Continue to Break Out
Tuesday, December 20th, 2011
he bond market is having none of this equity market neutral to bullish viewpoints. We are not far on the 10 year note from areas 10 year yields were when the market was dumping in late September….
Disclosure Notice
Any securities mentioned on this page are not held by the author in his personal portfolio. Securities mentioned may or may not be held by the author in the mutual fund he manages, the Paladin Long Short Fund (PALFX). For a list of the aforementioned fund’s holdings at the end of the prior quarter, visit the Paladin Funds website at http://www.paladinfunds.com/holdings/blog
Tags: Bond Market, Bonds, Break, Disclosure Notice, Equity Market, Late September, Mutual Fund, Nbsp, Personal Portfolio, Portfolio Securities, Viewpoints
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Ride the Mieders Alpine ‘Coaster, With No Brakes
Tuesday, November 29th, 2011
Time for a diversion break? While roller coaster walkways might represent the calm side of amusement rides, this video by David Ellis shows off the extreme need for speed. In this 4 minute video, you can watch David rocket down a single-pipe alpine coaster found in Mieders, Austria. You ride a cable car to get to the top of the mountain and then shoot down in a one-person car. You can choose to hit the brakes if you’d like, but this was David’s second time on the ride. He didn’t slow down an iota.
Tags: Alpine Coaster, Austria, Brakes, Break, Cable Car, David Ellis, Diversion, Extreme Need, Iota, Need For Speed, Roller Coaster, Second Time, Walkways
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U.S. Equities – Downtrend Arrested?
Tuesday, November 29th, 2011
My notes below are somewhat cryptic as I am about to leave for abroad. However, the graphs should provide some food for thought regarding the short-term outlook for U.S. stocks.
Yesterday’s rally in the S&P 500 was mainly as a result of the PE10 closing the discount that opened the VIX last week.
The rally took the PE10 to 19.95 from 19.39 last Friday.
The PE10 remains under the 40-day moving average, with the latter topping out. I will not be surprised to see the 40-day moving average tested at 20.40 soon.
The PE10 is oversold but the RSI is still trending down. An unchanged to higher closing of the S&P 500 over the next three days is likely to break the RSI downtrend.
Both the 12-day and 26-day exponential moving averages of the PE10 are bottoming.
The MACD (26;12) of the PE10 is showing signs of bottoming. The nine-day moving average of the MACD is still trending down while the gap between it and the MACD indicates that a longer-term buying signal is still some way off.
The VIX is testing support levels around 32.
The RSI of the VIX has retreated somewhat from mildly overbought conditions but remains above the downtrend established in August.
The VIX is currently testing the 12-day and 26-day exponential moving averages.
The MACD (26;12) is slowly rolling over and the gap to its nine-day moving average(VIX Signal) is closing slightly.
The VIX MACD and the signal are a better indicator of PE trend changes than those of the PE10. The closing of theVIX’s MACD and the signal indicates that a buy signal could be imminent.
The RSI of the PE10 and the VIX (inverse) combined has tested the range of previous oversold levels. Although the RSI is still trending downwards, unchanged S&P 500 and VIX levels over the next three days will break the downtrend.
A break in the downtrend of the combined RSI is likely to lead to a significant rally in the S&P 500.
Tags: Amp, Break, Exponential Moving Averages, Food For Thought, Gap, Graphs, Last Friday, Macd, Moving Average, Rally, Rsi, Signs, Stocks, Term Outlook, Trend Changes
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Getco Churns Nearly Entire GM Float As Stock Closes At Lows Of Day, And $1 Below Break Price
Thursday, November 18th, 2010
The only clear winner from today’s GM IPO? All those who got IPO shares and flipped them to the sheep. And of course GETCO, which churned 452 million of GM’s 478 million share float: in other words 95% of the entire float was traded by computers! As for everyone else, you lost: with the stock closing at the lows of the day, all retail investors who bought in post the break, and on the way down ended up with losing positions.We eagerly await the teleprompter’s appearance at 4:15 pm eastern to spin this in the right way and convince people that a loss is really a gain.
Tags: Appearance, Break, Computers, Getco, Gm, Ipo Shares, Lost, Lows, People, Retail Investors, S 478, Sheep, Stock, Teleprompter
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Best Performing Russell 1,000 Stocks Month to Date
Saturday, September 25th, 2010
This note/chart is a guest contribution from Bespoke Investment Group.
The average stock in the Russell 1,000 is up a whopping 10% in September. Below are the 30 names in the index that have seen the biggest gains so far this month. As shown, Education Management (EDMC) is up the most with a gain of 44.8%, followed by Burger King (buyout) at 44.8%, CHN Global (CNH) at 39.18%, CarMax (KMX) at 36.73%, and Office Depot (ODP) at 35.48%. The big names on the list that investors seem to be talking about the most are Netflix (NFLX), Amazon.com (AMZN), ITT Educational (ESI), Best Buy (BBY), and Nordstrom (JWN). At the end of August, it looked like the market could be set to break below its summer lows. The Dow was trading right at 10,000, and 65% of Bespoke readers thought the index was heading for 9,000. Just 24 days later, the Dow now sits just 150 points below 11,000.
Copyright (c) Bespoke Investment Group
Tags: Amazon Com Amzn, Bespoke Investment Group, Best Buy, Best Buy Bby, Break, Burger King, Carmax, Carmax Kmx, CNH, Dow, Edmc, Education Management, ETF, Investors, Itt Educational, Jwn, Lows, Nordstrom, Odp, Office Depot, Stock, Stocks
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Consumer Discretionary Begins to Break Down
Friday, June 25th, 2010
This note is a guest contribution by Bespoke Investment Group.
The prior market-leading Consumer Discretionary sector has begun to break down technically. It is now the first sector to break below its prior correction lows. The other nine S&P 500 sectors still have a ways to go before reaching their correction lows. The Consumer Discretionary sector has been one of the best performers throughout the bull market, and a breakdown now does not bode well for those hoping that the correction will remain just a correction.
Copyright (c) Bespoke Investment Group
Tags: Bespoke Investment Group, Break, Consumer Discretionary Sector, Lows, Sectors
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Technical talk: S&P 500 remains in uptrend, but divergence starts showing up
Tuesday, April 27th, 2010
The comments below were provided by Kevin Lane of Fusion IQ.
As seen in the chart below, the S&P 500 still remains above its uptrend line (green line). As long as this is the case investors have to respect the long trade. Only a break below the uptrend near 1,200 followed by a close below last Thursday’s intra-day low (1,190) would change this posture and suggest a more defensive tone to investors’ portfolio.
Currently there is a minor divergence between price and momentum as measured by the RSI (red arrows). Typically, near topping processes (whether large or minor tops) price moves higher while RSI moves lower, so at a very minimum it is something to register in the back of one’s head.
Remember risk management is not a passive activity but an ongoing re-adjustment process. The higher we go the harsher the correction when it ultimately occurs. Take an active look at your current stop losses and value at risk today and see if they need any readjusting.
Source: Kevin Lane, Fusion IQ, April 27, 2010.
Tags: Break, Divergence, Fusion, Investors, Iq Chart, Last Thursday, Losses, Momentum, Passive Activity, Posture, Red Arrows, Register, Risk Management, Tops, Uptrend Line, Value At Risk
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