Gibbum Diem.

 

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  • SMALL AND MIDCAP STOCKS ARE LEADING LARGE CAPS LOWER

RUT

$MID

  • RISING DOLLAR PUSHES ENERGY SECTOR INTO ANOTHER TEST OF 200-DAY AVERAGE

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  • The S&P was in danger and did close below its 50-DMA

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Economy 
  • United States MBA 30-Year Mortgage Rate was reported at 4.64% in 23/Feb It was expected at 4.65%.
  • United States MBA Mortgage Applications was reported at 2.7% in 23/Feb from -6.6% in the previous period. It was expected at 0.70%. 
  • United States GDP Growth Rate QoQ 2nd Est was reported at 2.5% in Q4 from 3.2% in the previous period. It was inline with expectations.
  • United States Consumer Spending was reported at 12027.89 USD Billion in 2017 from 11916.58 in the previous period.
  • United States Chicago PMI was reported at 61.9 in Feb from 65.7 in the previous period. It was expected at 64.2.
  • United States Pending Home Sales Index was reported at 104.6 in January from a downwardly revised 109.8 in December 2017, according to the National Association of Realtors ®
Screenshot 2018-02-28 15.15.37
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Screenshot 2018-02-28 15.22.58
         Pending Sales Skip a Beat to Start 2018 
  • Pending home sales declined 4.7% to 104.6 in January, reversing the prior three months of modest gains. The index now sits at the lowest level since 2014; however, the sharp decline this month may be overstated by seasonal factors.
  • Homebuilder surveys indicate that demand remains strong, however, a persistently low inventory of homes for sale and harsh temperatures may have kept potential buyers on the sidelines.
    Sales Fell Across Every Region 
  • Initial contract signings fell across all regions and were especially pronounced in the Northeast and Midwest where colder temperatures in early January likely had an outsized impact.
  • The South fell 3.9%, however, activity in the region remains elevated due to strong population and employment gains.
  • January marks the West’s fifth consecutive month of falling contract signings, a trend amplified by inventory shortages.
Screenshot 2018-02-28 15.23.06

If pending home sales print wasn’t enough home improvement blues for you then I’m sure you’re aware that Lowe’s Companies, Inc. ($LOW) reported Q4 17 earnings this morning before the cash market opened. The earnings came in as follows:

LOWES.jpg

  • Q4 Adj. EPS $0.74 vs $0.87 Est., Sales $15.49B vs. $15.33B Est.

  • Lowe’s See FY18 Sales To Increase~4%, EPS $5.40-$5.50

  • Lowe’s reports it will expand Partnership with Sherwin-Williams, Will ‘introduce a simplified, exclusive paint and exterior stain line design.’

LOW.png

Now I suppose people will want to take advantage of the higher prices in the housing market and lack of supply providing a tailwind for higher prices for their homes, they’ll need to put some”CAPEX” into them, eh? All I know is that the Fine Paints of Europe brand on Benjamin Moore sold like a fresh “baking soda cake” fresh out the microwave. Shout out to Charles Street Hardware!

IMG_0357
What an asshole I was. Am. Whatever. Summer Jobs in Boston.
  • United States EIA Gasoline Stocks Change was reported at 2.483M in 23/Feb from 0.261M in the previous period. It was expected at -0.19M.
  • United States EIA Crude Oil Stocks Change was reported at 3.019M in 23/Feb from -1.616M in the previous period. It was expected at 2.4M.
  • Screenshot 2018-02-28 10.43.03.png
  • Summary of Weekly Petroleum Data for the Week Ending February 23, 2018
    U.S. crude oil refinery inputs averaged about 15.9 million barrels per day during the week ending February 23, 2018, 49,000 barrels per day more than the previous week’s average. Refineries operated at 87.8% of their operable capacity last week. Gasoline production decreased last week, averaging 9.4 million barrels per day. Distillate fuel production remained nearly unchanged last week, averaging 4.5 million barrels per day.
    U.S. crude oil imports averaged 7.3 million barrels per day last week, up by 261,000 barrels per day from the previous week. Over the last four weeks, crude oil imports averaged about 7.5 million barrels per day, 8.1% less than the same four-week period last year. Total motor gasoline imports (including both finished gasoline and gasoline blending components) last week averaged 446,000 barrels per day. Distillate fuel imports averaged 207,000 barrels per day last week.
    U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 3.0 million barrels from the previous week. At 423.5 million barrels, U.S. crude oil inventories are in the lower half of the average range for this time of year. Total motor gasoline inventories increased by 2.5 million barrels last week, and are in the upper half of the average range. Finished gasoline and blending components inventories both increased last week. Distillate fuel inventories decreased by 1.0 million barrels last week and are in the middle of the average range for this time of year. Propane/propylene inventories decreased by 0.4 million barrels last week, and are in the lower half of the average range. Total commercial petroleum inventories increased by 3.7 million barrels last week.
    Total products supplied over the last four-week period averaged 20.4 million barrels per day, up by 2.7% from the same period last year. Over the last four weeks, motor gasoline product supplied averaged 9.0 million barrels per day, up by 3.8% from the same period last year. Distillate fuel product supplied averaged over 4.0 million barrels per day over the last four weeks, up by 0.9% from the same period last year. Jet fuel product supplied is up 9.4% compared to the same four-week period last year
$WTIC
More on Oil via CNBC
  • Weak Asian industrial data, a report of rising U.S. crude stockpiles and soaring American oil production are weighing on the oil market.
  • Chinese factory growth slowed to the lowest level since July 2016, while Japan’s industrial output took the biggest dive since 2011.
  • U.S. stockpiles of crude oil and gasoline rose last week, according to a government previews Wednesday’s official government data.
Oil prices fell on Wednesday after data showed U.S. stockpiles of crude and gasoline increased, putting further pressure on futures after industrial ctivity in some of the world’s major crude-consuming nations has softened (CHINA).
U.S. Commercial crude inventories rose by +3 million barrles in the week to February 23rd to a toal of 423.5 million barrles. Analyst surveyed by Reuters, expected an increase of +2.1 million barrels. 
Gasoline stocks rose by +2.5 million barrels, compared to analysts’ expectations of a -190,000 decline in gasoline stocks.
Distiltiate stockpiles, whicj include diesal and heating oil, fell by 1 million barrels, versuses expectations for a -709,000 barrel decline in investory, the EIA data showed.

Market Breadth 

!NYAD

!NYHL

!NYA200R

!NYAD

!NYHL

!NYMO

!NYSI

!NYUD

!TRIN

!TRINQ

$TICK

 


Put/Call Ratios 

$OEW Put:Call

$OEX Put:Call Raw

 


Asset Class Roud Up

$GOLD

$SILVER

$XAU

$TYX

$USB

 

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Source: 

National Association of Realtors

Lowe’s Companies, Inc.  Investor Relations 

StockCharts.com 

CNBC 

-R.W.N II

 

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Contextulizing the Process.

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The take away from yesterday’s scan of equities using the heuristics:

1. Identify whether the security is over its long-term moving average (240-250).
2. Identify the Relative Strength Factor, it being an ETF or use the SCTR trend line.
3. Using the Slow Stochastics (5,1), contextualize the “money wave” parameters at 80< & 20> , as signals.
4. Use the ATR to step up stop losses and measure the move being priced in by the options market.
5. Use high volume securities only.
6. Gatekeeping through a review of a bottom-up narrative within the larger top-down view of the economy as a whole. Are correlation risks present in the underlying?


I would like to use a Percentage Price Oscillator (PPO) to compensate for some of the head fakes, and whipsaw actions produced by the Slow Stochastic. Moreover, the companies being looked at with a more present eye are those where the fundamental picture aligns with technical opportunities presented on the charts.

I will be adding to this throughout the day as I go through them alphabetically and systematically.


$ABBV : AbbieVie, Inc.

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$ACTA : ACTUA Corp 
  • Operating Margin %: Declined Actua Corp operating margin has been in 5-year decline. The average rate of decline per year is -20.5%.
  • Piotroski F-Score: High Piotroski F-Score of 7 is 7, indicating very healthy situation.
  • PE Ratio: Close to 10-year low Actua Corp stock PE Ratio (=0.44) is close to 10-year low of 0.44

ACTA.png

 

$ADBE : Adobe Sytems, Inc. 
  • Piotroski F-Score: High Piotroski F-Score of 8 is 8, indicating very healthy situation.
  • Revenue per Share: Consistent growth Adobe Systems Inc has shown predictable revenue and earnings growth.
  • Operating Margin %: Expansion Adobe Systems Inc operating margin is expanding. Margin expansion is usually a good sign.
  • Price: Close to 10-year high Adobe Systems Inc stock Price is close to 10-year high
  • PS Ratio: Close to 10-year high Adobe Systems Inc stock PS Ratio (=14.32) is close to 10-year high of 14.38

ADBE.png

 

$AKAM : Akami Technologies, Inc. 
  • Operating Margin %: Declined Akamai Technologies Inc operating margin has been in 5-year decline. The average rate of decline per year is -10.8%.
  • Revenue per Share: Consistent growth Akamai Technologies Inc has shown predictable revenue and earnings growth.
  • Price: Close to 2-year high Akamai Technologies Inc stock Price is close to 2-year high
  • PS Ratio: Close to 1-year high Akamai Technologies Inc stock PS Ratio (=4.71) is close to 1-year high of 4.79

AKAM.png

 

$ALGN : Align Technology, Inc.
  • Piotroski F-Score: High Piotroski F-Score of 7 is 7, indicating very healthy situation.
  • Interest Coverage: Comfortable Align Technology Inc has no debt.
  • Operating Margin %: Expansion Align Technology Inc operating margin is expanding. Margin expansion is usually a good sign.
  • Price: Close to 10-year high Align Technology Inc stock Price is close to 10-year high.
  • PB Ratio: Close to 10-year high Align Technology Inc stock PB Ratio (=18.39) is close to 10-year high of 19.26.
  • PS Ratio: Close to 10-year high Align Technology Inc stock PS Ratio (=16.01) is close to 10-year high of 17.22

    ALGN

*Case in point where great chart doesn’t equate to good underlying business.

$AMAG : AMAG Pharmaceuticals,Inc.
  • Gross Margin %: Declined AMAG Pharmaceuticals Inc gross margin has been in long term decline. The average rate of decline per year is -1.4%.
  • Short Percentage Of Float: high AMAG Pharmaceuticals Inc short interest is high. 32.70 of the float is shorted.
  • Asset Growth: faster than revenue growth If a company builds asset at 159.6% a year, faster than its revenue growth rate of 40.7% over the past 5 years, it means that the company may be getting less efficent.

AMAG

 

Source: 

GuruFocus

StockCharts.com

-R.W.N II

Avete Caesar Powell !

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Screenshot 2018-02-27 17.14.39Screenshot 2018-02-27 17.14.50Screenshot 2018-02-27 17.14.58Screenshot 2018-02-27 17.15.10Screenshot 2018-02-27 17.15.18Screenshot 2018-02-27 17.15.28Screenshot 2018-02-27 17.15.37

“We’ve seen some data that in my case will add some confidence to my view that inflation is moving up to target,” said, the newley appointed Federal Reserve Chairman Jerome Powell. Today, Chair Powell addressed Congress with his guidence on economic growth and what to expect from monetary policies during his reign over the Fed.
The U.S. benmark 10 year treasury rallied +5bps to 2.915% during Chair Powells’ testimony. Leading equities to sell off for the first time since Wednesday of last week.
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Chair powell signled to markets that more than three rate hikes this year is likely, in order to cool a persumed overheated economy. However, the distinction between a overheating economy and a stock market, where multiples have be overvalued for months, discussed durning today’s proceedings.
Just prior to Chair Powell’s testimoney a myriad of economic data was released, including Durable Goods Orders. Where a weaker than expected print in orders was traced to the unprecidatable tarnsporation sector.
  • United States Durable Goods Orders MoM was reported at -3.7% in Jan from 2.9% in the previous period. It was expected at -2%. 
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After two months of strong gains , nondefense aircraft orders fell 28% in January. Meanwhile, motor vehicles and parts posted a scant increase of 0.1%, whucg was just enough to offset December’s decline. Orders for new Vehicles are still rising at an impressive 11.9% pace on a three-month average annualized babsis, althiygh this is a bit softer from the comporable pace set in December. 

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Orders for defense aircraft also fell sharply (down 46%). This led to a 26.3% decline in toal defense orders, but excluding this category, private orders still looked weak, having declined 2.7%. Most disappointiong in today’s report was the 0.2% drop in orders when excluding aircraft and defense orders, or “core” orders. That followed a 0.6% decline in Decemebr and the trend in core capital goods orders has weakened noticably from an impressive run in the fall of 2017; core capital goods orders are up at a 3.7% three-month average annualized pace, compared to over 18% as recently as Novemeber.

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With survey data still confirming soaring confidence in the business sector and the boost to after-tax corporate earnings just beginning to benefit from the tax cuts, there are plenty of silver linings for business spending. That said, the softening in core orders is beinning to look more at odds with soft survey data like the ISM manufacturing index, and cosecutive declines in core capital goods orders cannot be ignored.

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Expect in the near term, the hard data for oders to converge with soft survey data. In times of such pronounced survey strength, however, the gap between hard and soft data is usually narrowerd by business surveys getting reined in, rather than the hard orders data which feed into GDP experiencing a marked acceleration.
Hence, expect to see some softening in the ISM index when the February report is released on Thrusday. Prior to this morning’s release, there was an implied  lag in the effects of the tax cuts and thus, a slower pace of equioment soending in the first quarter. Remarkably, against this backdrop of euphoria and favorable fiscal policy, the hard data suggest downside risk to our alredy-termpered forecast for capital goods spending in the first quarter.
Mr. Tim Quinlan and Ms. Sarah House

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Screenshot 2018-02-27 09.00.12

New Orders

New orders for manufactured durable goods in January decreased $9.2 billion or 3.7% to $239.7 billion. This decrease, down following two concecutive monthly increases, followed a 2.6% December increase. Excluding transportation, new orders decreased 0.3%. Excluding defense, new orders decreased 2.7%. Transporation equpment, also down following two consecutive monthly increases, led the decrease, $8.6 billion or 10.0% to $77.7 billion.

Shippments

Shipments of manufactured durable goods in January, up eight of the last nine months, increased $0.6 billion or 0.2% to $247.0 billion. This followed a 0.5 % December increase. Transportation equipment, up two of the last three months, led the increase, $0.4 billion or 0.5% to $81.3 billion.

Unfilled Orders

Unfilled orders for manufactured durable goods in January, down following four consecutive monthly increases, decreased $3.1 billion or 0.3 % to $1,140.9 billion. This follwed a 0.6 % December increase. Transporation equipment, down three of the last four months, drove the decrease, $3.6 billion or 0.5 % to $771.8 billion

Inventories 

Inventories of manufactured durable goods in January, up eighteen of the last nineteen months, increased $1.3 billion or 0.3 % to $408.5 billion. This follwed a 0.5% December increase, Transportation equipment, up two consecutive months, led  the increase, $0.7 billion or 0.5 % to $131.9 billion.

Capital Goods

Nondefense new orders for capital goods in January decreased $1.2 billion or 1.5 percent to $73.6 billion. Shipments increased less than $0.1 billion or virtually unchanged to $74.4 billion. Unfilled orders decreased $0.7 billion or 0.1 percent to $706.1 billion. Inventories increased $1.0 billion or 0.5 percent to $181.9 billion. Defense new orders for capital goods in January decreased $3.3 billion or 26.3 percent to $9.2 billion. Shipments increased $0.4 billion or 3.2 percent to $11.5 billion. Unfilled orders decreased $2.4 billion or 1.6 percent to $141.0 billion. Inventories decreased $0.2 billion or 0.7 percent to $23.2 billion.

dur_goods_2_27_18dur_goods2_2_17_18dur_goods3_2_27_18

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  • United States Wholesale Inventories MoM Adv was reported at 0.7% in Jan from 0.4% in the previous period. It was expected at 0.3%. 

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  • United States Redbook MoM was reported at -0.6% in 24/Feb from -0.7% in the previous period.

Screenshot 2018-02-27 09.45.02

  • United States S&P/Case-Shiller Home Price MoM was reported at 0.2% in Dec It was expected at 0.1%. 

Screenshot 2018-02-27 18.16.02

Home prices ended 2017 on a high note with the S7P Corelogic Case-Shiller National Home Price Index (HPI) rising to 0.7% in december, slightly besting Novermeber’s print. The strongest gains were concentrated in the West, all 20 cites saw MoM gains.

Western Markets Lead Broad National Gains

  • Home prices rose 0.7% in December, with prices rising 6.3% YoY, up from 6.1% last month. Both the 10- and 20-city indexes saw appreciation moderate in December, but the headline index accelerating only slighttly.
  • Home price growth continues to be strongest in the West. The six-fastest-appreciating markets are located in Westeren states, with Seattle, Las Vegas and San Fransico leading the way.

Prices Booming.. How Much More Room to Grow? 

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Mr. Mark Vitner and Mr. Hank Carmichael

The chart below depicts the annual returns of the U.S. National, the 10-City Composite, and the 20-City Composite Home Price Indices. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, which covers all nine U.S. census divisions, recorded a 6.3% annual gain in December 2017. The 10-City and 20-City Composites reported year-over-year increases of 6.0% and 6.3%, respectively.

Screenshot 2018-02-27 09.39.58

The following chart shows the index levels for the U.S. National, 10-City and 20-City Composite Indices. As of December 2017, average home prices for the MSAs within the 10-City and 20-City Composites are back to their winter 2007 levels.

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Table 1 below shows the housing boom/bust peaks and troughs for the three composites along with the current levels and percentage changes from the peaks and troughs.

Screenshot 2018-02-27 09.41.13.png

Screenshot 2018-02-27 09.29.56

  • United States House Price Index MoM was reported at 0.3% in Dec from 0.4% in the previous period. It was expected at 0.4%. 
  • Consumer Confidence surged to new highs in February, rising 6.5 points to 130.8  durning the month. The strong job market has pushed consumers’ assement of the present situation even higher. Expectations also rose.

Screenshot 2018-02-27 18.16.02

Consumers are Very Upbeat About the Economy

Consumers have not been this upbeat about the economy since late 2000. The Consumer Confidence Index rose further than expected in February, as both the present situation and the expectation series rose solidly. The headline came in at 130.8 in February, besting the previous high of 128.6 posted in November. After cooling slightly in January, consumers’ assessment of the current economy became even more favorable in February. February’s reading of 162.4 was 7.7 points higher than in January and 5.9 points above its previous cycle high hit in December. Consumers’ expectations also improved markedly, notching an index of 109.7, which rivals its recent highs.

The job market was the main driver of the surge in confidence about the present economy. The share reporting that jobs are plentiful jumped to a new cycle high of 39.4 percent while reports that jobs are hard to get declined to
a new cycle low of 14.7 percent. The fact that the labor differential, or the gap between those views, is now at its widest point of the cycle is further evidence
of a tightening labor market that should result in further upward pressure
on wages. Respondents are increasingly realizing that workers are in very 50% tight supply, which should incentivize more job switching. The report today suggests more wage gains may be evident in the jobs report on Friday.

The evidence of wage growth in the January jobs report, and its potential impact on inflation and the path of interest rates, sent the markets in a 30% tailspin in early February. Consumers, however, remain unconcerned about inflation, with this report’s measure of inflation expectations essentially 20% unchanged. The sell-off did cause the share of respondents expecting higher stock prices a year from now to fall about 10 points from its all-time high of 51 in January. The share expecting higher interest rates rose to about 70 percent. Plans to buy a home or an automobile in the next six months were little changed despite expectations of higher interest rates.

Consumers’ rising expectations in February stemmed from better views on business conditions, employment and income. Respondents’ expectations 30% about business conditions six months from now had retreated in December
and January as tax policy and its impact on business was still being flushed 25% out. The share expecting better conditions rose 4.3 points to 25.8 percent. Expectations for employment opportunities in six months increased as well. 20% Very few respondents expect fewer jobs in six months, only 11.9 percent, 15% which is near the cycle low in October.

Income expectations, which were little changed immediately following the 10% tax cut in January, reacted positively in February. The share expecting higher income rose 3.2 points to 23.8 percent, which is the highest of the cycle. The share expecting income to decrease also rose slightly, from 7.9% to 8.6%. New withholding tables took effect in February, so these responses are likely early assessments. As the survey cut-off date was February 15th, March data will likely provide a fuller picture.

Screenshot 2018-02-27 18.44.09Screenshot 2018-02-27 18.44.14Screenshot 2018-02-27 18.44.19

Screenshot 2018-02-27 18.45.51.png

Mr. Mark Vitner and Ms. Jamie Feik
  • United States 4-Week Bill Auction was reported at 1.495% from 1.38% in the previous period.
  • United States 52-Week Bill Auction was reported at 2.020% from 1.83% in the previous period

Market Breadth Indicators

$NAA200R

$NAAD

$NAHL

$NASI

$NAUD

$NYA200R

$NYAD

$NYHL

$NYMO

$NYSI

$NYUD

$TICk

$TICKQ

$TRIN

$TRINQ

$GOLD.png

SIlver.png

XAU.png

$USD.png

XEU

XJY

USD_UST.png

WTIC

WTIC_GOLD

WTIC_OEX

GSG.png

NDX_vol

RUT_Vol

SPX_Vol

Gold_vol

DJIA_vol

Put?Call

Put?Call 10ma

Source:

U.S. Census Bureau

Yardeni Research

-R.W.N II

Chapter X: Noah, Joesph, and Market Bubbles.

SC186945.jpg

IMG_6081.jpg

Within this post, I am hashing out some process heuristics that will help identify opportunities within a Trade, Trend, Tail duration. I was reading The (Mis) Behavior of Markets last night, and Chapter X discusses the importance of identifying a trend within markets.

The book and subsequent chapter was the catalyst for me to spill some digital ink (Heisenberg phrase) on my process. I will add to the company-specific narratives with their accompanying charts throughout the day, as I read up on some of my favorites.

What did Buffet say yesterday?

” I don’t tweet; I’d rather read 10-ks.”

wyckoffpricecyclekocic 11. Identify whether the security is over its long-term moving average (240-250).
2. Identify the Relative Strength Factor, it being an ETF or use the SCTR trend line.
3. Using the Slow Stochastics (5,1), contextulaize the “money wave” parameters at 80< & 20> , as signals.
4. Use the ATR to step up stop losses and measure the move being priced in by the options market.
5. Use high volume securities only.
6. Gatekeeping through a review of a bottom-up approach to the narrative within the larger top-down view of the economy as a whole. Are correlation risks present in the underlying?

$ABBV : AbbieVie, Inc.

ABV

$BAC : Bank of America Corp. 

BAC

$BW : Babcock & Wilcox, Inc. 

BW

$CME : CME Group, Inc. 

CME

$CSRA : CSRA ,Inc.

CSRA

$DE : Deere & Co.

DE

$DPS : Dr. Pepper Snapple Group, Inc.

DPS

$FLR : Flour Corp. 

FLR

$FOSL : Fossil Group, Inc. 

FOSL.png

$KBE : SPDR Bank ETF : Relative Strength Factor = 85.3

KBE

$KRE : SPDR Regional Banking ETF : Relative Strength Factor = 83.0 

KRE

$MAR : Marriot Intl. Inc New 

MAR

$MTCH : Match Group, Inc. 

MTCH

$NOC : Northrop Grumman Corp 

NOC

$NVDA : NVIDIA Corp

NVDA.png

$OSTK : OverStock.com Inc 

$OSTK

$RF : Regions Financials Corp. 

RF

$RH : Restoration Hardware (RH) 

RH

$SHOP : Shopify, Inc.

SHOP

Source:

Stockcharts 

ETF Screen

-R.W.N II

dies Lunae.

 

SC63316

 

 

The Fog Warning. Halibut Fishing.  (American, 1836–1910). Oil on Canvas.

Screenshot 2018-02-26 18.26.34Screenshot 2018-02-26 17.36.19Screenshot 2018-02-26 17.36.34Screenshot 2018-02-26 17.36.42Screenshot 2018-02-26 17.36.49Screenshot 2018-02-26 17.37.00

Light Crude Oil -> U.S. Crude rises to 3-week high, settling at $63.91, boosted by strong demand and supporitve Saudi remarks.

$WTIC

Brent Crude-> rose 17 cents to $67.48 a barrel, hitting an intra-day high set on Feb. 2nd.

Brent

$WTIC: $BRENT ratio. 

$WTIC-$BRENT

$GOLD-> Gold rebounds from biggest weekly loss this year as the U.S. Dollar slips.

$GOLD

$COPPER. 

$COPPER

$GOLD:$COPPER ratio. 

$GOLD-$COPPER

$RSTSI (Russin Trading System). 

$RTSI

McClellan Summation Index NYSE with $SPX. 

$NYSI w: SPX

McClellan Summation Index NYSE with $NDX.

NASI w:$NAMO &RSI

CBOE Options Total Put/Call Ratio. 

$CPC w: $NAMO

CBOE Options Equity Put/Call Ratio. 

$CPCE w: $NAMO

CBOE Options Index Put/Call Ratio. 

$CPCI w:$NAMO

Treasury- EuroDollar Spread. 

TED.png

ECONOMY

  • United States Chcago Fed National Activity Index was reported at 0.12  in Jan. from 0.14 in the previous period. It was expected at 0.20 

  • United States Building Permits was reported at 1377 k in Jan 2018 from 1300 k in the previous period.

  • United States Personal Income Tax Rate  was reported at 37%  in 2018 from 39.6 in the previous period.

  • United States New Home Sales MoM was reported at -7.8% in Jan from -9.3%  in the previous period. It was expected at 3.8% 

  • United States 3-Month Bill Auction was reported at 1.645%  from 1.63%  in the previous period.

Screenshot 2018-02-26 18.49.20Screenshot 2018-02-26 18.50.17

 

Source: Yardeni Research 

Trading Economics 

StockCharts

-R.W.N II