Calling The TBT Low — Where To Next?

Calling The TBT Low — Where To Next?
By Mike Paulenoff, MPTrader.com On September 6, with the ProShares UltraShort 20+ Year Treasury (TBT) reaching a new low (33.32) in its 7-month corrective process, we noted that “Dec-Sep correction could be at or nearing a downside exhaustion.” Our RSI and MACD indicators showed a glaring non-confirmation of the low — and sure enough after the TBT dipped to a... Read More

Tech Stocks May Lead The Way Back To The Upside

Tech Stocks May Lead The Way Back To The Upside
The major U.S. index futures are pointing to a higher opening on Tuesday following the weakness seen in the previous session. Tech stocks may regain ground following yesterday’s sell-off. Following the mixed performance seen last week, stocks moved mostly lower during trading on Monday. The tech-heavy Nasdaq showed a particularly steep decline. The major averages all ended the day in... Read More

Euro Hits 1-Month Low; Yellen On Deck

Euro Hits 1-Month Low; Yellen On Deck
Market Drivers  September 26, 2017Eur at month lowsYellen on deckNikkei -0.38% Dax -0.08%Oil $52/bblGold $1305/oz.Europe and Asia:No DataNorth America:New Homes Sales 10:00Yellen 12:45 The dollar gathered strength in early European trade today as EURUSD hit one-month lows coming within a few pips of the key 1.1800 support level. The euro continued to suffer from after effects of a lackluster win... Read More

500-Year Floods: A Relevant Discussion On Probability Versus Reality

500-Year Floods: A Relevant Discussion On Probability Versus Reality
“We’ve had three 100-year floods in the last 18 months. This one looks like a 1,000-year flood.” – Congressman Pete Olson of Texas (source: NPR) A 100-year flood is defined as having a 1-in-100 chance of occurring in any given year; while a 1,000-year flood carries a 0.01% likelihood of occurrence. The torrential rain brought on by Hurricane Harvey last month caused flooding in... Read More

Validea Joseph Piotroski Strategy Daily Upgrade Report – 9/26/2017

Validea Joseph Piotroski Strategy Daily Upgrade Report – 9/26/2017
The following are today’s upgrades for Validea’s Book/Market Investor model based on the published strategy of Joseph Piotroski. This value-quant strategy screens for high book-to-market stocks, and then separates out financially sound firms by looking at a host of improving financial criteria. BHP BILLITON LIMITED (ADR) ( BHP ) is a large-cap growth stock in the Metal Mining industry. The... Read More

Validea Joel Greenblatt Strategy Daily Upgrade Report – 9/26/2017

Validea Joel Greenblatt Strategy Daily Upgrade Report – 9/26/2017
The following are today’s upgrades for Validea’s Earnings Yield Investor model based on the published strategy of Joel Greenblatt. This value model looks for companies with high return on capital and earnings yields. JACOBS ENGINEERING GROUP INC ( JEC ) is a mid-cap growth stock in the Construction Services industry. The rating according to our strategy based on Joel Greenblatt... Read More

A brighter outlook for U.S. banks

A brighter outlook for U.S. banks
U.S. banks have lagged the broader market and European peers year-to-date. We believe this trend has turned. We see the group up in the medium term on sustained economic growth, Federal Reserve (Fed) normalization and prospects for deregulation and payouts. There’s more to U.S. bank stock performance than interest rates, we believe. Higher rates tend to help banks’ profitability, and... Read More