Oil Slips Lower as Electric Utilities Power Up
The big indexes are just slightly off their recent all-time highs, but of course, not all stocks are doing equally well. My attention is on the energy sector right now, as tracked by the Energy Select Sector SPDR ETF, XLE. It’s down close to 1.5% over the five days, and the zoomed-in chart I’ll share…
The Dollar, Bonds, and Bullion: There’s a Renewed Lift in Commodities
This evening, I'm going to show you exactly how you can take advantage of this unfolding opportunity. Let's get started…
A Drop in Oil Sets a Fire for This Utilities and Energy Play
Conditions are looking good for the move I have in mind today… Crude futures spiked yesterday, up to $80.62… and then sold off today, pretty much erasing the gains of the previous two sessions. From a technical perspective, and I’ll show you the charts in just a second, this pushes us, bearishly, toward the…
Bonds Break Down and Send Everyone to Cash
Today, the media was watching (and writing) about Nvidia, which yesterday reported dynamite earnings and announced a 10-for-1 split. But I was watching… a steep bond breakdown; a surging dollar; and crashing commodities. There’s a lot to talk about this evening, and I’ll show you my charts in a second. For now, you need to…
An Industrial Revolution and a Run on Banks: Two Sectors in Play Right Now
All three major indexes closed at all-time highs… but the way I see it, today’s breakout is a little questionable. I’ll show you why in a second. But the fact is, the S&P 500 is moving higher; some sectors are getting weaker, others are getting stronger. The next session or two will really tell the…
How Retail Could Get Ravaged
The money supply is on the move, that’s for sure… but not into consumers’ pockets. Industrials, as tracked by the SPDR XLI ETF are up more than 24% over the past six months. Aerospace and defense, as tracked by the iShares ITA ETF are up nearly 20% in the same six-month timeframe. That’s growth. Those…
The Fed Is Telling Us: Move Into Non-Cyclical Stocks
The Federal Reserve and its chairman, its various and sundry governors, presidents, and number-crunchers are (in)famous for… not really saying much when it actually counts. Yesterday, for instance, Chairman Powell said… nothing new or unexpected or particularly useful: Rates aren’t getting cut anytime soon, they’re going to stay the same. We knew that. But…
Bonds, Banks and Builders Make Strange Bed Fellows
Over the past few weeks we’ve talked about the upside in shorting bonds - and taken some positions accordingly over in the Live Trading Room. We’ve talked about weakness in homebuilders’ stocks, too, and we’ve also acted on that thesis. There are some interesting developments that suggest we could be in for lower lows there…
Why You Should Watch D.R. Horton
Texas-based D.R. Horton is the biggest homebuilder in the United States. They just turned in a stellar earnings report. Revenue is up by $1 billion, guidance suggests even better performance ahead, and all of this in a historically tight American housing market. The market… doesn’t care. The stock experienced a classic “sell the news” dip…
That Average Bond Auction Sparked a Weird Reaction In Stocks Today
Despite offering some of the highest yields in recent memory, Uncle Sam is having a tougher and tougher time selling bonds right now. Demand at yesterday’s 10-year auction was abysmal, which tells me there’s not much appetite for that particular flavor of Treasury debt. Today’s 30-year Treasury auction was… “average” if you’re being charitable -…