Silver as an investment

Category Archives: Technical Analysis

Stocks, Dollar, Bond Yields Tumble As GOP Leaders ‘Not Confident” They Have Votes

House leaders are reportedly mulling next steps if the health bill does not pas as GOP leaders are not confident that they have the votes to pass. The reaction in stocks was very fast… Stocks are fading fast to yesterday's lows and VIX is surging   10Y Yield dropped below 2.40%…   And the Dallar […]

Gold Bugs; Stellar performance stage set again

From 2001 to 2011, would you have rather owned the S&P 500 or Gold Miners (Gold Bugs Index/HUI)? If you answered the Gold Bugs index, you would be correct. The left chart below compares the performance of the Gold Bugs Index and the S&P 500. From 2001 to 2011, the Gold Bugs index out performed […]

Will Yesterday’s Market Selloff Turn “Emotional”: Here Are The Key Indicators RBC Is Looking At

Yesterday’s sharp S&P selloff, the largest of 2017, and the first time the market dropped by more than 1% in 110 trading days, may be just the beginning: that is the troubling thesis presented by JPM’s quant Marko Kolanovic, who as we quoted yesterday, warned that “following Friday’s option expiry, the gamma imbalance shifted towards […]

Bank Stocks Stumble To 1-Month Lows As Yield Curve Slumps Post-Fed

Not sure why but this seemed appropriate after listening to the drivel from Washington (and Fed speakers) all day…   Bonds and Bullion the big winners post-Fed…   There were 3 notable legs lower in stocks today… The catalysts seemed to be 1335ET – *EVANS SEES MORE UPSIDE POSSIBILITY IN UNCERTAINTY FACING FED, THIS IS […]

Stocks Sink On ‘Quad Witch’ As Dollar Suffers Worst Week In 8 Months

One. Big. Squeeze…   It was quite a week for 'uncertainty' as Europe's VIX crashed to record lows, and FX and Rate vols plunged after the Fed move and Dutch elections…   Small Caps were the week's biggest winners (and Trannies the losers)… The Dow clung to the week's gains   Financials had the 2nd […]

1.4 Trillion Reasons Why Today’s ‘Quad Witch’ Could Matter

In 2015, options expirations mattered – stocks would tear higher into the event and like clockwork sink back lower after. 2016 was not so obvious but the all-important 'quad-witch' expirations still had some bias. However, if JPMorgan's equity derivative strategists are right, today's 'quad-witch'  – with $1.4 trillion worth of S&P 500 notional set to […]

Kolanovic: We Expect “Near-Term Market Weakness; Suggest Reducing US Equities”

First Goldman, then RBC, and now JPM’s top quant. One month after JPM’s head quant Marko Kolanovic warned that volatility is about to return and could lead to “accidents”, the market timer also called “Gandalf” elsewhere for his prognosticative skills is out with a fresh warning, predicting “market weakness in the near-term” adding that he […]

It’s Never Been Cheaper To Hedge Highly Speculative Tech Companies

While many have noticed the demise of volatility in the US equity markets – 104 days without a 1% drop, plunge in VIX, record low monthly ranges – it is the most highly speculative and most over-valued companies that appear to be the biggest beneficiaries of peak animal spirits. It has never been cheaper to […]

Risk Parity Plunge Continues: Stocks Down, Bonds Down, VIX Down, Fed Up

There's a lot of risk assets falling apart behind the scenes…   The ongoing plunge in Risk Parity fund deleveraging…   Is now weighing on more asset classes as Stocks, Bonds, and VIX all drop (ahead of The Fed on Wednesday)   And EM stocks, crude, high yield bonds are all tumbling…   The S&P […]

As Retail Investors Flood Into Stocks, Professionals Are Dumping Speculative Longs

"Fear of missing out" is quickly becoming the go to phrase for what's left of America's stock market investors. As The Wall Street Journal reports, investors have poured money into stocks through mutual funds and exchange-traded funds in 2017, with global equity funds posting record net inflows in the week ended March 1 based on […]