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Stocks & Equities

Good Time to Take Profits

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Posted by Gregory Clay

on Monday, 27 February 2017 09:06

Market Summary

The Dow extending its streak of record-setting gains to 11 days, the longest such streak since 1987, as increases in utilities and other safety plays outweighed declines in financials. Both the S&P 500 and the Nasdaq rose for a fifth straight week, while the Dow brought its string of weekly gains to three. As seen in the chart below, since the presidential election the major stock indexes have been on a tear. The only major asset classes to fall during this time are precious metals and bonds which are being adversely impacted by the threat of higher interest rates.

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A standard chart that we use to help confirm the overall market trend is the Momentum Factor ETF (MTUM) chart. Momentum Factor ETF is an investment that seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks exhibiting relatively higher price momentum. This type of momentum fund is considered a reliable proxy for the overall stock market trend. We prefer to use the Heikin-Ashi format to display the Momentum Factor ETF. Heikin-Ashi candlestick charts are designed to filter out volatility in an effort to better capture the true trend. The updated chart below maps the aggressive bullish surge. However, now we are starting to see the first technical signs indicating a possible pullback since the so-called Trump rally started. Overbought markets like the current situation can continue indefinitely, but now stock prices are converging into a tight range near resistance levels. Also, momentum levels are starting to turn down.



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Stocks & Equities

5 Charts That Show 2017 Could Be a Banner Year for Retailers

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Posted by Frank Holmes - US Global Investors

on Friday, 24 February 2017 06:17

cartoon-retailers-money-02-2017

Thursday morning, Treasury Secretary Steven Mnuchin told CNBC that we could expect “significant” tax reform by August, including tax cuts for middle-income Americans and corporations. Like clockwork, the major stock indices rallied to all-time highs in intraday trading. As of yesterday, the Dow Jones Industrial Average has closed at record highs for the past nine days, and it wouldn’t surprise me if this gets stretched out to 10 days—or longer.

Era of Good Feelings: Dow Jones closes at all-time high for nine straight days
click to enlarge

Investors aren’t the only ones jumping on the couch with joy, however. American consumers are expressing levels of confidence we haven’t seen in years, suggesting 2017 could be a banner year for retailers, who already saw a phenomenal year-over-year sales increase of 5.6 percent in January. This, of course, bodes well for the U.S. economy going forward, as consumer spending makes up an estimated 70 percent of the country’s economic activity.

Beside a host of positive economic data—low unemployment, strong household income growth—recent consumer polls and surveys show Americans feel confident about their financial prospects in the coming year and are ready to start splurging.

Consumer Exuberance at 13-Year High



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Stocks & Equities

Barrons: Ominous Warning From Michael Belkin May Foreshadow A Stock Market Collapse

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Posted by King World News

on Thursday, 23 February 2017 07:10

King-World-News-We-Just-Witnessed-Something-Not-Seen-Since-The-2008-Collapse-864x400 cBarrons has interviewed Michael Belkin, the man who counsels the largest sovereign wealth funds, hedge funds, pension funds, and institutional money in the world, and his warning may foreshadow a stock market collapse.

For a portion of the interview from Barrons go HERE

 


....related: 

Stock Market Crash 2017; reality or all Hype



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Stocks & Equities

Big Bases : Big Moves in the World Stock Markets

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Posted by Rambus Chartology

on Tuesday, 21 February 2017 06:50

Before we look at some of the 2009 bull market uptrend channels there are a couple of more big consolidation patterns I would like to show you on some of the stock market indexes. The $DAX, German stock market, broke out of its 13 year triangle consolidation pattern back in 2012. Late last year it broke out of the blue bull flag with a nice clean backtest to the top rail. The big triangle consolidation pattern also had a smaller triangle as part of its internal structure.

dax-1-768x912

 

...continue reading this remarkable examination of stock markets HERE

 



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Investing in Life Sciences Under the Trump Presidency

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Posted by Streetwise Reports

on Friday, 17 February 2017 06:01

crystalballgraph580Stocks in all areas of life sciences including biotech to pharma have been on a roller coaster since Donald Trump won the election in November. Wealth advisor Kristin McFarland discusses the big picture for pharmaceutical investment under the new administration.

As of February, a great deal of uncertainty still remains as firms—and the stock market—try to predict the Trump administration's next moves. There is a lot on the table right now that could work for—or against—life sciences companies, specifically pharmaceuticals. 

What does the future hold for pharmaceuticals under President Trump?

This is the billion dollar question that no one really knows the answer to. The president hasn't announced anything yet but based on what we do know, changes could be good for the pharmaceutical industry, bad, or leave things mostly unchanged. 

Here's a quick summary:

- President Trump was not as outspoken about his plans to reduce prescription prices as Mrs. Clinton was but he has remarked that something needs to be done about the prices of medications



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