The Domestic Trend Tracking Index (TTI) is currently hovering above its long-term trend line by only a scant +0.10% and not +0.43% as I posted in yesterday’s market commentary. When reviewing the numbers, I noticed that one of the components had not been updated due to closing price unavailability. Any further market pullback will likely push this indicator below the …
Heading into Uncharted Territory: European Breakdown
As markets erred to the downside this week, it’s clear that Europe has its back up against the wall. Italian and Spanish bond yields have reached new heights as the contagion appears to be spreading. Not only are all Eurozone nations linked together with debt holdings, but so is the U.S. as well as many Asian countries. Although we didn’t …
Closer to Contagion: Is The Day of Reckoning Near?
While markets broke to the upside this week, don’t be fooled by the unwarranted optimism. With Greek and Italian PMs out, the heightened political discord is putting the Eurozone at serious financial risk. Seeing as Italy’s debt burden dwarfs Greece’s debt, a financial meltdown in Italy could create larger negative shockwaves extending not only throughout Europe, but into American and …
Is This the Start Of Another Downward Spiral For ETFs?
[Chart courtesy of MarketWatch.com] It looks like the deep rooted problems of the Eurozone finally registered with investors as markets tanked after two consecutive days of seemingly unjustified exuberance. The S&P 500 took a 3.67% dive, while major European indices also took a sizeable hit. Nevertheless, Asia somehow finished on the positive side. The dollar noticeably strengthened against the Euro …
The Real Scoop on Europe: In Pictures and Words
Markets reacted with great exuberance to EU leaders finally come up with some sort of debt crisis resolution. Although this provides some temporary relief, the long-term view still looks dour. If you seem unconvinced, take a look at this frightening interconnected web of European debt exposure. It’s clear that the current Eurozone package has only pushed out liabilities for another …
Saying It Like It is: A Trader’s Perspective
Hat tip goes to reader Laren for the link to the video below. It features an interview by BBC with an independent trader that left some of their staff speechless. However, a lot of what this trader says has merit. Even if you don’t agree with his analysis or suggestions how to benefit from a down market, you need to …