Category Archives: Markets

Choppy Trade Persists In U.S. Stock Market

While the U.S. stock market seems poised for a correction (see Market Threatens Correction), some economically sensitive sectors of the market suggest any such correction may be mild. My attention is drawn to four areas: banking, retail, consumer discretionary, and residential construction. Strength … Continue reading

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Cheap Oil Service

Where can you find a company with a P/E of 9, yield of 4%, growing earnings at over 70% yearly? The answer is in Canada’s oil patch. Canyon Services Group (FRC.TO) provides drilling services for oil and gas companies extracting … Continue reading

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U.S. Stock Market Retests Breakdown Level

After weeks of going straight up in the U.S. stock market, Tuesday’s break announced the beginning of a possible correction. A view of the NASDAQ chart, the leading major index in the market, provides some insight on the recent action. As … Continue reading

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Carbo Ceramics Looks Ready To Squeeze

Carbo Ceramics (CRR) rose on heavy volume today off support near 52 week lows, clearing near-term resistance at 96.03.  Short interest in the issue sits at 5.7 days.  A director bought 2,000 shares a few days ago around 95. The unusual … Continue reading

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The Bullish Argument

While the McCurtain indicators discussed in my previous post suggest a major top, several other facts paint a more bullish picture for the multi-month time-frame. One positive is the out-performance of bank stocks since December 2011. Bank Index vs. S&P 500 Typically, the … Continue reading

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McCurtain Indicators Suggest Major Top In U.S. Stock Market

Predicting a major top is not a slam dunk exercise, even with time-tested indicators. That said, Robert McCurtain has developed a range of indicators with a reliable track record. And McCurtain’s indicators say proceed in the U.S. stock market with extreme … Continue reading

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Correction In U.S. Stock Market Looming

Scanning through the stock charts this weekend, I looked for investable long set-ups and swing short set-ups. On the long side, most stocks are extended to the upside. Odds favor consolidation or correction in these names (and likewise in the averages). Looking at … Continue reading

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