Start Here

Market Pulse

Just some quick thoughts, nothing set in stone here.

Earnings are starting to come in a bit "ify;" not so great, but not bad. Expectations are key.  

Starting to see a few minor price target revisions on the downside but nothing major. Still, I have not seen this in some time. As long as these revisions are not large and are absorbed gradually over time they shouldn't be an issue.

Normally, the very slight weakness in earnings would not be an issue. However, with everything weighing in, it could signal an intermediate-term trend reversal downside (with maybe an upbeat day here or there depending on key earnings over thenext several days). Too soon to tell right now.

What's weighing in?

1) US Debt outlook for a downgrade - this is noise BUT look for bullish gold (esp.) and silver trade

2) Japan - the effects will linger

3) China - inflation, real estate overheating, labor market wage pressure, yuan will revalue more rapidly in response

4) Labor at close to full capacity in Brazil, India, Indonesia 

5) Middle East tensions

6) Eurozone continued issues

7) High oil prices

8) Brazil inflation risk remains concerning with inadequate response from officials

 

I trimmed positions last week. Waiting for more ST clarity. Will trade short-term when possible. 

I'm waiting to get back into oil. I have a small position I repurchased Friday. I see further downside on some of the Int. Inv. oil holdings, but limited downside on the DG oil holdings. 

I stand by my market forecast and recommendation.

Subscribers will be notified if I sense anything relevant or any changes.

 

 


Restrictions Against Reproduction: No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the copyright owner and the Publisher.

These articles and commentaries cannot be reposted or used in any publications for which there is any revenue generated directly or indirectly. These articles cannot be used to enhance the viewer appeal of any website, including any ad revenue on the website, other than those sites for which specific written permission has been granted. Any such violations are unlawful and violators will be prosecuted in accordance with these laws.

Article 19 of the United Nations' Universal Declaration of Human Rights: Everyone has the right to freedom of opinion and expression; this right includes freedom to hold opinions without interference and to seek, receive and impart information and ideas through any media and regardless of frontiers.

This publication (written, audio and video) represents the commentary and/or criticisms from Mike Stathis or other individuals affiliated with Mike Stathis or AVA Investment Analytics (referred to hereafter as the “author”). Therefore, the commentary and/or criticisms only serve as an opinion and therefore should not be taken to be factual representations, regardless of what might be stated in these commentaries/criticisms. There is always a possibility that the author has made one or more unintentional errors, misspoke, misinterpreted information, and/or excluded information which might have altered the commentary and/or criticisms. Hence, you are advised to conduct your own independent investigations so that you can form your own conclusions. We encourage the public to contact us if we have made any errors in statements or assumptions. We also encourage the public to contact us if we have left out relevant information which might alter our conclusions. We cannot promise a response, but we will consider all valid information.


0:00
0:00