2 August, 2014 by The TZ Newswire Staff Comments Off on ChartCon 2014 Starts on Friday!
ChartCon 2014 Starts on Friday!
Hello Fellow ChartWatchers!
ChartCon week is finally here! Here’s a visual representation of what that means for me currently:
That’s a picture of me currently – overworked and overwhelmed and without any of my hair!
2 August, 2014 by The TZ Newswire Staff Comments Off on Things That Make You Go Hmmm… Like The Fed’s Misplaced Confidence
Things That Make You Go Hmmm… Like The Fed’s Misplaced Confidence
“Where does [The Fed’s] confidence come from?” demanded Stanley Druckenmiller recently.
Grant Williams has an answer:
Their “confidence” comes from a series of academic models and a lifetime spent studying ntheoretical finance and then applying it to real-world situations, often with disastrous effect.
The day these people admit to themselves (let alone to the public) that what they have believed to be foolproof doesn’t actually work, is the day they render pointless their entire lives’ work.
2 August, 2014 by The TZ Newswire Staff Comments Off on VIX Jumps to Four-Month High
VIX Jumps to Four-Month High
As usually happens when stocks weaken, the CBOE Volatility (VIX) Index jumped sharply this week to the highest level since April. The VIX (also called the “fear gauge”) has climbed 47% since the start of July. That means that traders are buying “option” insurance against a possible downturn in stocks. The red bars in Chart 10 show that the recent upturn in the VIX is the biggest since January. That’s consistent with a short-term correction. A move above its spring highs, however, (18.22 and 17.85) would be more cause for concern.
2 August, 2014 by The TZ Newswire Staff Comments Off on Homebuilders Lead Bear Attack on S&P 500
Homebuilders Lead Bear Attack on S&P 500
Warning signs have piled up for months, but there have been few breakdowns to confirm all of these bearish signals. That changed last week as volume surged leading to breakdowns across many of our major indices, sectors and industry groups. One obvious problem was the S&P 500’s inability to protect its 50 day SMA. Check out this 6 month chart:
2 August, 2014 by The TZ Newswire Staff Comments Off on Europe’s Russian Connections
Europe’s Russian Connections
The conflict in Ukraine and the related imposition of sanctions against Russia signal an escalation of geopolitical tensions that is already being felt in the Russian (and increasingly world) financial markets.
2 August, 2014 by The TZ Newswire Staff Comments Off on Lobster no longer a splash-out as record harvests crack high prices
Lobster no longer a splash-out as record harvests crack high prices
The cost of meats, fish, poultry and eggs has risen, overall, by almost 8% in the past year.
2 August, 2014 by The TZ Newswire Staff Comments Off on NewsWatch: This fund tries to be like Buffett and Soros: the iBillionaire Index ETF
NewsWatch: This fund tries to be like Buffett and Soros: the iBillionaire Index ETF
The Direxion iBillionaire Index ETF aims to invest in 30 large-cap stocks that appear to be the favorites of guys like Warren Buffett, Carl Icahn, David Einhorn and George Soros.