By Doug Hornig, Casey Research
High-frequency traders (HFT) have no interest in any company whose stock they're trading.
They don't care about its earnings, what sector it's in, nor who's on the board of directors.
They neither know nor care how it fares in technical analysis, and they don't give a damn about its long-term prospects.
Likely as not, they don't even know its name. Continue reading "Are High Frequency Traders Rigging the Stock Market?"
Oil rose above $94 per barrel for the first time since May on Tuesday, buoyed by hopes for economic stimulus and worries about supply disruptions
Traders waited to see if a tropical storm could affect some of Mexico's crude production. There were also concerns about supplies from the Middle East after two pipelines carrying Iraqi crude to world markets were shut down, while rebels continued to battle government forces in Syria's largest city. Continue reading "Oil rises above $94 for 1st time since May"
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 7th of August.
Despite all the problems in Europe, the US stock market seems to be going it alone, at least for the moment. Readers of this blog know that we have not been excited about the broad US equity markets, as our long-term indicator continues to remain in a negative mode. On the other hand, individual stocks are a different matter, as they can rally for technical and fundamental reasons.
Members only have to look at the Trade Triangles to see which stocks are trending higher and which stocks are headed for the basement. The S&P 500 is based on 500 individual stocks, and our Trade Triangle technology remains negative on that index. Eventually this impasse will be resolved one way or another and a strong trend, either on the upside or the downside, will ensue. Only time will resolve deadlock for this market. Till then, we remain stuck in a broad trading range.
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
Click Here to view today's video
Global rally potential is all about arresting the deflation case for a counter trend expression of bullishness. Some of my inflationist friends will disagree, but I believe that the deflationary condition is the dominant backdrop (periodically fought by inflationary policy making) and that the admittedly valueless USD can see future upside.
There will be plenty more to write on this as the herds hiding in USD begin to come out and play with the asset market bulls. Because as usual, we’ll begin highlighting what might come next well ahead of time. Continue reading "Quick Take on USD"
September crude oil was higher overnight as it extends the rally off last Thursday's low. Stochastics and the RSI have turned bullish signaling that sideways to higher prices are possible near-term. If September resumes the rally off June's low, the 50% retracement level of this year's decline crossing at 94.41 is the next upside target. Closes below last Thursday's low crossing at 86.92 would confirm that a short-term top has been posted while opening the door for additional weakness during the first half of August. First resistance is the 50% retracement level of this year's decline crossing at 94.41. Second resistance is the 62% retracement level of this year's decline crossing at 98.42. First support is last Thursday's low crossing at 86.92. Second support is the reaction low crossing at 84.05. Continue reading "Energy Market Commentary"
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