Back in November, I noted that the USD can offer hints for a potential reversal on the S&P 500. I noted that when you see a divergence in trend between the two (USD vs SPX), it can signal a change–either up or down, depending on the divergence. When I wrote the blog in November, the Read More

Here’s a question worth pondering: What if the great runaway NA bull market that has lasted over a decade is slowing down? I’m not asking if the US and Canadian markets are entering into a bear market. What I am asking is this – Are NA markets about to slowdown in growth and stock market Read More

China is in the news today. Once again, President Trump is tweeting away – calling the trade deal precarious. I know that I will become instantly unpopular for saying this – but I actually admire Trump’s negotiating tactics and business savvy. As such, I do believe that he had done more good for America (non-economic Read More

Here is the link for my BNN MarketCall show last night. Roughly every month, I try to post the results of a compilation of financial indicators that measure the current risk/reward picture for US markets. Long-time readers are familiar with this compilation, which I call the “Bear-o-meter”. For those new to my blog: The Bear-o-meter Read More

There’s an adage within Technical Analysis circles that suggests we should pay particular attention to long base breakouts. The saying goes something like this:  “The greater the base, the better the case”. Right now, Canadian REIT’s are breaking out from a very long resistance point of around $18/share. In fact, the sector has been stuck Read More

The seasonal period for oil typically starts in January and ends in early May. This year, that pattern certainly did play out. Today, I note that crude oil futures are up over 2% ahead of the sanctions on Iranian oil imports being reinstated. So, is this the sign that we should ignore the seasonal pattern Read More

Somebody asked me about my Nat gas play recently – given that I had it pegged as a winner in one of my Top Picks on BNN back in March. Nat. gas has been pretty flat this winter. We bought a position in the Natural Gas ETF (UNG-US) at the bottom of its trading range Read More

On the movie Jurassic Park, Ian Malcolm, played by Jeff Goldblum, is an expert hired by Jurassic Park as part of the diligence process to approve the park as a public attraction. The concept of a live dinosaur park seemed a good idea at the time, according the the park’s creator. One of the lines Read More

Let’s look at a bit of history to see how correlated the health of the US banking sector is to the health of the broader market. We’ll compare the SPX (red line) to the Dow Bank index. At the bottom of the chart below is a correlation study. It’s a valuable tool to help determine Read More