Dollar Strength

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The market is bouncing off the lows and the volatility (premiums) is mellowing again. The Fed officials were on the parade last week; hinting, implying, commenting on future monetary policy. Two Fed officials even suggested halting the taper and extending QE. I believe those soothing words have certainly helped calm the market and quieted the Read more…

M&A driver

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Dow Jones 17,000 and S&P 500 at 2000? That seems very likely and if the Fed Credit Freight Train continues down that track we should be there this week. However, how long can we (the Fed and ECB) continue to shovel money into the the Freight Train boiler to keep this train roaring? I am Read more…

Maypole Job Dance!

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As predicted the market rallied on the ECB rate cut and massive stimulus package. This is no surprise, if one makes holding cash or short-term debt costly, the money will flow to where returns are greater. What WAS surprising and certainly disappointing to President Draghi (ECB President) was the euro RISING. This was the exact Read more…

Supply & Demand

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Last week I suspected we would get some selling pressure, but I wasn’t really expecting it to happen on Friday. I was projecting out more towards today, before any real pressure would set in. It looks like we have already hit some of those key supports. Do we now see these supports hold or break Read more…

Pivotal Point?

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The bond market is certainly facing an interesting conundrum. We saw 10-year yields rally into the New Year, as the news of the Taper spooked the markets. However, since the New Year, the yields have come down to 2.7%. We have seen some volatility in recent days heading into Yellen’s first FOMC meeting. She stayed Read more…

2013 Review

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The New Year is just a short week away and I am putting together my predictions for 2014. There is a lot to cover, so I expect it will be a two-part report next week – the last two days of the year. So, before we get to predictions, let’s review 2013. 2013 Review This Read more…

Twitter IPO

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Are we at stall speed? That question keeps circling around in the trader community. We have had an awesome run, but with mixed earnings, a short holiday season, and more government chaos looming it makes you wonder. However, what many forget is that the printing machine is injecting billions of dollars a month into the Read more…

Fed and BlackBerry

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The markets, primarily the RUT, had a little retracement last week as it gave back its recent gains. However, are we at a strong enough support level to see a significant resurgence back up to and through those resistance levels? I think we will see some resistance if we do move back up again and Read more…

JP Morgan and MCD Earnings

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Have we made it through the political tunnel of horrors? So far it seems so. The Taper, which initially brought concern to the market, was averted (as expected) and now with the new Fed Chairman we could very well see the QE money printing increase. I don’t see any signs of a Taper in the near Read more…

Nobel Prize?

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The market is under pressure in the pre-market this morning and guess what, Republicans and Democrats couldn’t get along. After a huge rally on Thursday, all based on hope and a White House meeting, speculation swirled that there would be some resolution over the weekend. So now, we are here, 14 days into a government shutdown Read more…

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