Technical Market Report for April 18, 2015

Last Wednesday's highs were pretty well confirmed suggesting the decline that began on Thursday will not amount to much. I expect the major averages to be higher on Friday April 24 than they were on Thursday April 17. Recent Commentaries |… Read More..

What I Learned By Studying My Exits

An interesting question posed on the Tradeciety site asks the one thing you wish you had known when you started your trading career--and gives the responses of a number of experienced traders.  Most of those responses focus on sound trading practices and ways of learning trading--sound universal lessons.A worthwhile variant of that question is:  what's… Read More

Philly Fed: State Coincident Indexes increased in 46 states in February

From the Philly Fed: The Federal Reserve Bank of Philadelphia has released the coincident indexes for the 50 states for February 2015. In the past month, the indexes increased in 46 states, decreased in one, and remained stable in three, for a one-month diffusion index of 90. Over the past three months, the indexes increased… Read More

Denials Mount as Greece Robs Peter to Pay Paul; Shell Games and Check Kiting

Denials in Greece about its sorry state of affairs are now so ridiculous that even some ardent Greek supporters are likely laughing out loud (off the record of course).Please consider Greece Scrapes Bottom of Barrel in Hunt for Cash to Stay Afloat. Greece will need to tap all the remaining cash reserves across its public… Read More

Key Measures Show Low Inflation in March

The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning:According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.2% (2.6% annualized rate) in March. The 16% trimmed-mean Consumer Price Index also rose 0.2% (2.2% annualized rate) during the month. The median CPI and 16% trimmed-mean CPI are… Read More

Déjà Vu Weather? No, It’s a Recession!

New Seasonal Pattern?Yesterday Fed Governor Stanley Fischer proclaimed U.S. Economy Should Rebound After ‘Poor’ First Quarter. “There’s definitely a rebound on the way already, and we’ll see at what speed it proceeds,” Mr. Fischer said during an interview on CNBC. “The first quarter was poor. That seems to be a new seasonal pattern. It’s been… Read More

Quick Insights With Deep Meanings

*  J.C. Parets on the value of homework.*  Mark Yusko on the power of our social environment. *  Derek Hernquist on backtesting.*  Brian Shannon on investing's key lesson.*  Urban Carmel on the market's sentiment.*  Ambrose Evans-Pritchard on deflation.*  Steve Burns on the greatest challenge in trading.*  Think about the meaning of this:  Since 2014, when… Read More

Nothing Magical About 2% Inflation Target Says Bernanke

It's pretty rare for Bernanke for former Fed chair Ben Bernanke to say much of anything that makes any sense. He recently he did, just not in context.“I don’t see anything magical about targeting 2 percent inflation,” Bernanke told a conference in Washington sponsored by the International Monetary Fund.Given that inflation targeting is quite stupid… Read More

Super Taper Tantrum? How About an UnTaper Tantrum?

Generally, the IMF is wrong every which way about nearly everything.Thus, one has to wonder if the correct response to ‘Super taper tantrum’ ahead, warns IMF is along the lines of "No Worries Mate". José Viñals, the director of the IMF’s monetary and capital markets department, warned of a “super taper tantrum” and spiking yields… Read More

Sleep and Performance: The Quality of Our Nights Affects the Quality of Our Days

I find that a surprising proportion of what sets traders up for success during the day is what has happened the previous night.  We know from research that the proper quantity and quality of sleep aids concentration and learning and that disordered sleep can impair our cardiovascular health.  Sleep also has a beneficial impact on… Read More

Homebuilding Off to Slow Start in 2015; Starts Miss Expectations; Atlanta Fed GDP Forecast 0.1%

Add home building to the list of disappointing economic reports.The Bloomberg Consensus for seasonally adjusted starts was for 1.04 million. Instead we saw .926 million. HighlightsHousing is still sluggish based on the latest starts data which disappointed. Starts in March slightly rebounded a monthly 2.0 percent after plunging a monthly 15.3 percent in February. Expectations… Read More