Celebtrating Apple’s New All-Time Highs with Four Reasons for Caution

(This is an excerpt from an article I originally published on Seeking Alpha on August 30, 2014. Click here to read the entire piece.) In early May, soon after April earnings, I presented a case predicting Apple’s stock would hit fresh all-time highs. This was essentially a follow-up to a piece a year prior predicting … Read more

T2108 Update (November 3, 2015) – Overbought Conditions Remain Tantalizingly Elusive

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more

T2108 Update (November 2, 2015) – The S&P 500 Stairsteps Ever Higher and STILL Avoids Overbought Status

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are … Read more

A Rebound In Canada’s Oil Patch Helps Support GDP But Not the Canadian Dollar

(This is an excerpt from an article I originally published on Seeking Alpha on November 1, 2015. Click here to read the entire piece.) For the third straight month, mining, quarrying, and oil and gas extraction in Canada expanded. According to Statistics Canada, this commodity and energy based category of economic output has now grown … Read more

The Reserve Bank of Australia Sets the Stage for the Next Rate Cut(s)

The Reserve Bank of Australia (RBA) announced its November decision for monetary policy with a very familiar template. The most important part of the statement came at the end where the RBA made it clear rate cuts are on its collective mind (emphasis mine): “At today’s meeting the Board judged that the prospects for an … Read more