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Is Gold Turning?

NEW YORK (TheStreet) -- The precious metal markets remain weak and choppy as we build out a base. We really only saw very quick opportunities or no more than three days of trend. It's not an easy market, or one for the faint of heart. That's why we've been in cash for weeks now, as we wait for the easy money to return --  and it will. This consolidation is great and will lead to an easy strong market once again soon, likely within two weeks at the most. I know well how hard it can be to sit in cash. Some moves are really large, as we saw to the downside Friday. But you really have to be … [Read more...]

What Would Happen to Western Oil Companies if Russia Retaliated?

Hypothetically, if tensions were to continue to escalate between Russia and the West over Ukraine, and Russia retaliated against Western oil companies, what would be the effect? Would Western companies with Russian exposure such as ExxonMobil  (NYSE: XOM  ) , Royal Dutch Shell  (NYSE: RDS-B  ) , and BP plc  (NYSE: BP  )  plummet? Meaningful retaliation is unlikelyI believe the most likely measures of Russian retaliation would be largely symbolic.  This is because Russia needs Western oil and gas companies. Western supermajors have technology and experience that Russian companies … [Read more...]

Biotech in a Bull Market, Not a Bubble: StockTwits

NEW YORK (TheStreet) -- The biotech sector is due for a bounce, say investors on StockTwits.com. Instead of setting up for continued contraction Monday, many cashtaggers on the leading investing social network maintained that last week's sell-off created buying opportunities. And they refuted arguments that biotech valuations had inflated to bubble proportions and were now, rightly, losing hot air. You buy pullback not sell it in a bull market. Forget all the nice "intelligent" stories out there. No one can predict the top $SPY $IBB -- leopardtrader (@leopardtrader) Apr. 6 at 09:35 AM The … [Read more...]

8 Fascinating Reads

There are more good news articles on the Web every week than anyone could read in a month. Here are eight fascinating pieces I read this week. Back at square onePrivate employment has finally surpassed its pre-recession peak, according to ADP:  Shhhhh -- they'll never knowCompanies that schedule shareholder meetings at dumpy hotels are trying to evade shareholders, a study found:  When companies move their annual meetings a great distance from headquarters, they tend to announce disappointing earnings results and experience pronounced stock market underperformance in the months after the … [Read more...]

1 Graph Will Make You Rethink Bank of America Corp and Citigroup, Inc

In the last year, Citigroup (NYSE: C  ) and Bank of America (NYSE: BAC  ) , moved in different directions -- which could create opportunity for investors. Strong 2013Bank of America and Citigroup each had a strong year in 2013. Citigroup's bottom-line surged. The same is true of Bank of America, as its net income nearly tripled thanks to 2013 marking a year as it turned a corner from the woes that once characterized it. Source: Flickr/S_E_Santana. Different paths in 2014Yet the same has not been true of 2014, as things have gotten much worse for Citigroup. First, it announced it had to … [Read more...]

Dicker: Drill Down for Profits With Oil Services ETF

NEW YORK (TheStreet) -- I was speaking to Gregg Greenberg here at TheStreet about an oil services exchange-traded fund I particularly like right now, the SPDR S&P Oil & Gas Equipment & Services ETF (XES), from State Street (STT). It is very rare for me to recommend an ETF, preferring to select stocks one at a time instead of using a shotgun approach with an exchange-traded fund. But it is, in fact, the shotgun nature of this ETF that I like right now, considering the mixed bag of oil services stocks from which to choose. The XES does not weight its fund based upon the market cap of … [Read more...]

Should You Buy the Commodities Momentum or Sell the Rally?

NEW YORK (TheStreet) -- Commodities have vastly underperformed the more traditional asset classes like stocks and bonds over the last three years. A combination of tepid global growth and below-average inflationary statistics has capped the upside of commodities futures markets.Most investors are likely underweight exposure to this asset class, which can provide non-correlated returns in a diversified portfolio. As a result, you may have overlooked the recent surge in prices that has been steadily gaining momentum this year.The iPath Dow Jones-UBS Commodity Index Total Return ETN (DJP) is a … [Read more...]

The Bull vs. Bear Debate Tug-of-War

NEW YORK (TheStreet) -- The Nasdaq and Russell 2000 ended last week with negative weekly charts while Dow Industrials, S&P 500 and Dow transports did not. This sets up a new dimension in the bull vs. bear debate as all five major averages need to have negative weekly charts for the bears to win this tug-of-war and pull the bulls into their den. Monday was the last day of March and the last day of the first quarter and thus we have new monthly and quarterly value levels, pivots and risky levels. The first quarter of 2014 was choppy and volatile influenced by numerous pivots from our … [Read more...]

For Gold Bugs, Time Is on Your Side

NEW YORK (TheStreet) -- Markets remain choppy and in correction mode, and that's why we've mostly been in cash the past three weeks. So many people always want and need action, but this type of market is hard on an account and will chop it up quickly. Precious metals continue to correct and are not looking great at all. But there should be some consolidation around these levels. We can interpret the charts once we see what forms in the next week or so. The secret to making it in the long-run is having the patience and fortitude to sit out these periods. I guarantee you'll be much happier … [Read more...]

How Bond ETFs Crushed Stock ETFs in the First Quarter

NEW YORK (ETF Expert) -- Don't blame weakness in home sales on weather conditions. The National Association of Realtors' pending home sales index has fallen for eight consecutive months. In fact, you can trace the trouble directly back to when 30-year fixed mortgages pole-vaulted from 3.5% to 4.5% in the summer of 2013. The rate-sensitive home-building segment has been able to cling to a technical uptrend in spite of increasing uncertainty surrounding home affordability. Yet, the SPDR S&P Homebuilders ETF (XHB) is down roughly 5% in 2014 and straining to keep pace with the broader … [Read more...]