Category Archives: Equities

Contrarian Crush & Why LT Rates Are Going Much Higher

Posted on August 5, 2018 by macromon

This Bloomberg  piece was published before Facebook blew up but still you get the drift.  Betting against the crowd has been a disaster recently.   It always is until it isn’t. In the past year, a contrarian portfolio that invests in … Continue reading →

Posted in Black Swan Watch, Bonds, Equities, Uncategorized | Tagged , , , | 2 Comments

The Streak

Posted on July 31, 2018 by macromon

In case you missed Charlie B.’s excellent table from yesterday, which illustrates the S&P500 has not closed below its 200-day moving average in 526 days, here you go. Stunning, especially given Joltin’ Joe’s hitting streak lasted 526 consecutive games.  Coincidence?   You … Continue reading →

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The Future Of Facebook And The Social Challenge Of Technology

Posted on July 25, 2018 by macromon

Wow! Haven’t seen a swan dive like that in a major large-cap stock since the GFC.    Facebook’s crash took the stock down as much as 25 percent to a low price of $164.30 just a little before 6 pm … Continue reading →

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Netflix Swan Dives After 1 Million Membership Miss

Posted on July 16, 2018 by macromon

July 16, 2018 Fellow shareholders, We had a strong but not stellar Q2, ending with 130 million memberships. Membership growth was 5.2m, the same as Q2 last year, but lower than our 6.2m forecast.   –  Netflix Investor Relations Down 14 percent … Continue reading →

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It’s déjà vu all over again

Posted on July 10, 2018 by macromon

But with real earnings. Classic momentum thrust feedback loop:  “Gotta buy ’em cuz they’re going higher.”  Otherwise, no year-end bone and career risk Hat Tip: @carlquintanilla

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S&P500 Breaks Support To Close Below Key Level

Posted on June 27, 2018 by macromon

Big reversal in U.S. stocks today. The S&P broke key support trading through the 50 and 100-day moving average and the .50 Fibonacci retracement level to close slightly below 2700.  Next stop is the 200-day moving average at 2689.19 and … Continue reading →

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S&P500 Camped Out In Doji City

Posted on June 14, 2018 by macromon

The S&P500 has generated a Doji candlestick in three out of the last four trading days. Also of interest is the rejection at 2792,  an important Fibonacci retracement in the current correction, which we flagged a few days ago.  

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S&P Hesitates At Key Level

Posted on June 12, 2018 by macromon

The S&P500 looks hesitant to take out the key  .764 Fibonacci retracement level at 2792.59 before the Fed and ECB announcements.  Note the back-to-back Doji candlesticks. When and if the swing high of the correction at 2801.90 clears, the technical … Continue reading →

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The Cycle of Market Emojis

Posted on June 3, 2018 by macromon

Love this.  Based on the cycle of market emotions. Wonder if there is an algo out there that trades on emojis?  Would not doubt it. Hat tip Kazonomics! Long Only Short Sellers

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Trump Plays Checkers, Xi And Kim Play 3-D Chess

Posted on May 22, 2018 by macromon

  …what Kim’s move reveals is a broader strategy at work. In the lead-up to the Singapore summit, should it still take place, Trump may be preparing for the wrong game: a two-player round of checkers when Kim is steeling … Continue reading →

Posted in Equities, Uncategorized | Tagged , , , , , | 9 Comments