The Seasonal Buy Signal is on Hold. The bull market is still in waiting.
Oil prices usually enter a weak period starting in September. Is it playable? Seasonality holds true this year so far. Trades in defensive sectors doing well so far.
We look at a short term bullish trade on MSFT, as the stock is outperforming the market. The difficult seasonality make this trade more speculative in nature.
One of the bright spots in the commodities asset class, as well as the broader market this year, has been precious metals. In Q2 2019 among all alternative assets, precious metals ETFs were well represented in the top ten.
The recent rally in precious metals presents a few questions. Why this type of performance in precious metals? How have technicals improved as a result?
Our article back on on January 16th highlighted Brazil stocks (EWZ) as a place to search for growth companies. We felt that Brazil’s economy should perform well in 2019 after better economic results and decreased regulation. We liked MercadoLibre (MELI) when the stock was trading in a range between $250 and $350 dollars. We then repeated our comments about MELI again in Read more ➝
Recently Bloomberg commented on a newly released study by Hendrik Bessembinder regarding how many global stocks that actually perform well. Variations of this study have been done by a number of different academics and practitioners – all with fairly similar conclusions – many stocks are duds. Two years ago, an Arizona State University professor made waves Read more ➝
Microsoft (MSFT) reports earinsg on Thursday. In FAANG and related stocks, MSFT continues to be a standout. NFLX has competition and content reduction, AMZN has seen competition from WMT and also cloud spending slowdown, GOOG faces political backlash along with slowing compartive results, FB faces similar issues currently, along with lower usage rates. We’ve seen a high amount of call buying recently, heavily bullish-biased flow as shares Read more ➝
Bristol-Meyers Squibb broke what was strong support on another day of pharma sell off. Builders fared much better as the Fed talks reduced interest rates.
SHAK adds to gains since we highlighted it on June 26th. This Top Ranked gives its 6th buy signal. Iron Mountain, on a sell signal since 2009(!), broke lower today.
Developed markets are more correlated with oil than Emerging Markets. Russia and Gulf states are not as correlated to oil as many investors think.