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Chris Ciovacco: Tech stocks have been laggards in recent weeks, which has been a little concerning for the current rally despite the numerous bullish signals we outlined on July 16. Earnings may provide a needed push for tech stocks. From Bloomberg: Read more…
Chris Ciovacco: The markets face numerous problems, including still-elevated bond yields in Spain and Italy, slowing global growth, and the media’s latest obsession…the dreaded “fiscal cliff”. Yet, despite all that, stocks and commodities are flashing bullish signals. Read more…
Chris Ciovacco: John Williams, President of the Federal Reserve Bank of San Francisco, delivered a risk-friendly speech in Portland, Oregon on Thursday. Read more…
Chris Ciovacco: It’s easy and comfortable to join the bullish Treasury club and the mob currently bearish on the euro. Despite the hopes of the masses, it may be very uncomfortable to learn contrarian analysis, bailout progress in Europe and numerous Read more…
Chris Ciovacco: With a slowing economy and over-supply concerns, crude oil dropped 30% from its February 2012 high to the recent low. An out of favor market often needs an external catalyst to attract the attention of investors. News out of Iran this week may Read more…
Chris Ciovacco: To the casual observer, the announcements made late last week in Europe may appear to be just another in a series of “do the minimal to get by” moves by policymakers. In reality, Germany moved off their hard-line stance, which may mark a watershed Read more…
Chris Ciovacco: We sympathize with Germany’s (NYSEARCA:EWG) position in Europe (NYSEARCA:VGK). They understand it will be much more difficult to see over-extended budgets brought back into line after checks have been passed out (again). Read more…
Chris Ciovacco: Despite significant evidence of a possible bullish turn in stocks, we also have evidence supporting a measured approach relative to what appears to be a bottoming process. We have presented numerous bullish developments over the last month: Read more…
Chris Ciovacco: The market is sapping the strength of investors. Monday’s short-lived euphoria following the weekend bailout for Spanish banks will cause many bulls to understandably lose focus. Similarly, the bears were able to breathe a sigh of relief following a Monday morning scare in the futures market. Read more…
Chris Ciovacco: The markets made some progress last week based mainly on speculation a bailout for Spanish banks was coming soon. A June 9 story from the Wall Street Journal confirms the high probability of a bailout-related statement before Asia opens on Sunday night: Read more…
Chris Ciovacco: The markets have numerous unanswered questions to digest: Read more…
Chris Ciovacco: Spain (NYSEARCA:EWP) needs assistance with their troubled banks, but politicians are looking for very few strings to be attached, which is not going over big in Germany (NYSEARCA:EWG). From Bloomberg: Read more…
Chris Ciovacco: Conducting our weekend Europe Google searches for the latest news yielded articles with a very familiar and vague tone about the “progress” across the pond. The excerpt below from a Reuters article represents a good example: Read more…
Chris Ciovacco: 200-Day MAs Should Provide Good Feedback: You do not have to be an investing expert to know events in Europe are dictating the day-to-day movements in all global asset markets. Germany is a leader in Europe because, relative to the rest of the European Read more…
Chris Ciovacco: On May 31, Reuters reported a Washington insider with deep experience in international finance said, “The day of reckoning is arriving”. Investors in the United States have been fairly patient since May 15, hoping for some type of announcement in Europe (NYSEARCA:VGK). Read more…
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