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Pony Up

pony

      by Larry Levin   When the lunatics are running the financial asylum, I will celebrate the small victories. Yesterday we learned the eight biggest U.S. banks must boost capital levels by a total of about $68 billion under new rules. The new rules are attempting to limit the big banksters reliance on debt. By 2018, banks must rely more on funding sources such as shareholder equity, rather than borrowing money. According to Bloomberg: Banks' insured subsidiaries face tougher limits and must boost capital holdings by a total of about $95 billion, … [Read more...]

Daily Market Commentary: Buyers Return At Support

You Are Here: Home > Articles > Commentary > Daily Market Commentary: Buyers Return At Support Declan Fallon Fallond Stock PicksMore articles The S&P played to form with buyers coming in at converged support and 50-day MA. There was even a morning sell off and recovery for those nimble enough to take advantage. The intraday picture is nicely set up for an upside breakout.  Short term (long) traders might want to take partial profits at 20-day MA, but a larger push to sideways resistance around 1,880 is not out of the question. Risk measured on a close below today's lows. The … [Read more...]

Daily Market Commentary: Buyers Return At Support

You Are Here: Home > Articles > Commentary > Daily Market Commentary: Buyers Return At Support Declan Fallon Fallond Stock PicksMore articles The S&P played to form with buyers coming in at converged support and 50-day MA. There was even a morning sell off and recovery for those nimble enough to take advantage. The intraday picture is nicely set up for an upside breakout.  Short term (long) traders might want to take partial profits at 20-day MA, but a larger push to sideways resistance around 1,880 is not out of the question. Risk measured on a close below today's lows. The … [Read more...]

April 8 Reversal Sector Breadth and Trending Stock Scan

You Are Here: Home > Articles > Commentary > April 8 Reversal Sector Breadth and Trending... Corey Rosenbloom Afraid to TradeMore articles With a sudden reversal off expected support in the S&P 500, let’s dig a little deeper and study sector breadth and update our potential trend-day trading stocks for the remainder of the session. We’ll start with S&P 500 Sector Breadth: While Utilities remain the #1 Sector so far, Energy trails closely behind. Unlike yesterday’s “Clear Bearish” sector update, we see broader strength and most sectors (except Health Care) … [Read more...]

Jobs Data

Unemployment6

        by Larry Levin   Even though the talking heads and the politicos tried to spin last Friday’s jobs data in countless different ways, the number was really pretty awful and the Fed isn’t coming to an immediate rescue. The hope-driven hyper-growth stocks got slammed as the Nasdaq had its worst swing since December 2011. You don’t need to be a data sleuth to realize that despite the reported “milestone” hiring figure, the labor market hasn’t fully healed and remains systemically broken. Even though the nonfarm payrolls eclipsed … [Read more...]

US Crumbling While Kerry Seeks $1 Billion Loan For Ukraine

Perhaps, at an earlier time in our country's history, it might have made sense for Secretary of State John Kerry to formulate a $1 billion loan guarantee for Ukraine. Besides working with the International Monetary Fund and international organizations to arrange the loan, the Obama administration is also considering additional direct assistance to Ukraine. The plain fact is that the United States itself might quickly end up resembling two countries that are in the depths of an economic doldrum, Spain and Greece. We are no longer an abundant country, overflowing with wealth and unlimited … [Read more...]

Reverse Mortgages

Reverse Mortgages

      by Larry Levin   Last night I was watching TV and Henry Winkler came on talking about reverse mortgages. My first thought was, wow, the Fonz is doing commercials, how bizarre. But my second thought was more foreboding and that was if something is being pitched as a sound financial strategy late at night on cable, well then things may not be what they seem. So what exactly is a reverse mortgage? In a nutshell, it’s a specific type of home equity loan available only to people aged 62 and over, which has the added benefit of not carrying any … [Read more...]

Rigged – Part III

Wall Street money

      by Larry Levin   Today will mark the end of the “Rigged” trilogy of newsletters. This missive is actually a video; a video of Michael Lewis at the Bloomberg studio. In the link below you will see an actual interview about the book, and not a shameful scream-fest that was allowed (encouraged?) on CNBC the day before. This one is worth your time. http://www.bloomberg.com/video/michael-lewis-on-high-frequency-trading-and-markets-U~cBjPhkSyir_u9M0N85RQ.html The timing of the “Flash Boys” book release was great in a way. The last two days of … [Read more...]

Daily Market Commentary: SP Breakout

The week continued its bright start with a resistance break for the S&P. Technicals are improving, with the MACD and On-Balance-Volume on the verge of a new 'buy' trigger.  However, there was also a snap-back relative swing against Large Caps and back to Small Caps despite the breakout. Bulls will be gearing up for a measured move; the first target is 1,920. The Nasdaq posted a good gain on higher volume accumulation. The index blew past its 50-day MA, and in the process generated a 'bull trap'. Today's action complicates a bearish head-and-shoulder reversal, with bears perhaps … [Read more...]

April Pullback Retracement Play in Facebook FB

Facebook (FB) shares face a major “make or break” support challenge at a key opportunity level for traders.Let’s set the chart up to plan a potential “support bounce” or “alternate trend reversal breakdown” play for FB. We’ll start with the broader Weekly Chart for a top-level reference: We see a strong uptrend took shares from the $25.00 per share level in 2013 to the recent 2014 peak above $70.00 per share. A weekly chart or steep retracement (sell-swing) took price to the potential support of the rising 20 week EMA into $60.00 per share ($59.80 at this … [Read more...]