“Growth” stocks appear to be rather overbought when compared to their “Value” stock siblings. The chart below is that of the iShares Morningstar large capped growth index ETF (JKE). Its top holdings will not shock you. AMZN, MSFT, FB, GOOGL, V, NFLX. In other words, the same names that have driven the market of late. Read More
More market musings
Lately I’ve been posting the odd blog with musings and thoughts of my own, and some drawn from various outside sources. This blog follows that pattern. Note that its less narrative, and more “clipped”–I’m trying to feed you with lots of interesting points where real opportunities might reside, without too much of my own noise Read More
Does it matter to investors who wins the US election?
I read somewhere that lower corporate taxes (in the USA) were responsible for about 10 per cent of share price improvement during the recent bull market. That of course doesn’t apply to Canada’s absolutely flat returns on the back of less accommodation in personal and corporate taxes since Trudeau’s win in 2015. Canada’s political problems Read More
Trading views for the NASDAQ
Above is a monthly chart of the NASDAQ, with the simple Rate of Change indicator below it. The chart goes back to 1980, so it provides a decent historical perspective. ROC is a simple momentum indicator.It simply measures the percent change in price from one period to the next – this one being a Read More
Random charts and musings
No topic today. Just a bunch of interesting charts I’ve been privy to recently. Proceed with Caution SPX price vs. SPX profit margins – chart below: How profitable have the companies comprising the S&P 500 been vs the relative performance of their stocks? History shows us that the decline in profit margins tends to drag Read More
Be ready for anything in May
Stocks gaped DOWN the most ever in March. Stocks gaped UP the most ever in April. Let me say that again…these were the biggest moving equivalent (i.e. March & April returns vs. historic March & April returns) months for the S&P 500 in its history. Ever. But wait, despite these two massive outsider months…the VIX, Read More
MACD may signal the bottom of this crash
Last week a wild one for markets, to say the least. Today carries on that tradition. The Bear-o-meter reading that I took last week provided a simple message, in my experience: the stock market will most likely rally significantly over the coming months, but there’s also a high probability that markets will continue to experience Read More
Special report: Capitulation or continuation?
This weekend will feature an interview I did with a BNN reporter today. Tomorrow, I will be on Market Call Tonight at 6:00pm I thought I would do a super short and sweet reprint of some of the talking points revolving around todays phone interview. You can tune in to BNN tomorrow to hear even Read More
Bull, Bear, or neither?
I’m writing this before the market opens on Monday Feb. 24th. Coronavirus scares are hitting futures across the globe hard this morning. By the time most of you read this, you’ll already know what the outcome of the market will look like. So I wont comment on what is likely to happen today. I’d like Read More
Does anyone still follow Bitcoin?
While I’m in Florida preparing for the MoneyShow on Friday and my bike race on Saturday, ValueTrend’s Technical Analyst Associate Aleks Bozic put together a blog. Aleks has an interesting observation on bitcoin. Take it away, Aleks! Alek’s bit on Bitcoin Back in 2017, Bitcoin was one of the most Googled words. Now it seems Read More