A False Breakdown in Crude Oil?

My pal JC Parets is nice with the charts. One of his favorite setups, from a trading perspective, is the false move. “From false moves come fast moves” is the applicable aphorism and it can work very well in both directions – false breakouts and false breakdowns. The mechanics behind this are simple – in…

Factset: Pity the Multi-nats

Earnings revision trends are not going a positive direction for S&P 500 companies that get the bulk of their sales and earnings from overseas markets. The strong dollar and weaker foreign economies are combining to chop these companies’ estimates like a hatchet… Here’s Factset Research: The estimated earnings decline for the S&P 500 is -4.8%. For companies…

Chart o’ the Day: March Madness in the Market

I love this from Jeff Kleintop (Schwab) about which of the various factors will be the most influential on the markets this season. Jeff handicaps all the “teams” and makes some picks at the link below. Source: March Madness in the Stock Market: Which Factors Will Win the Influence Game? (Charles Schwab) Follow Jeff on Twitter…

The Power of Markets

One of the hallmarks of our investment approach is to respect the fact that markets are extremely powerful (though not infallible) as forecasting tools. On average, they do a pretty damn good job at incorporating all of the expectations for the future into current prices, adjusting on the fly with every headline and every trade….