GE stages massive breakout Friday on back of massive buyback announcement S&P 500 companies splurged $565 billion on share repurchases in 2014 As/when buybacks dry up, support zones become more vulnerable Before last week, GE shares had been on a … Continued
Energy stocks correlate with oil price; former holding up better in current decline Sector job cuts mediocre; oil and extraction hourly earnings another high in Feb Companies acting as if bottom is in for oil; investors buying into this optimism … Continued
SMH’s latest rally attempt gets rejected at underside of broken Oct 2014 trendline Past 3 months, some semi outfits have seen estimates revised up, some down ETF has retraced 61.8% of Mar 00-Nov 08 decline; may mean pause/stop In the … Continued
Sell-side S&P 500 revenue growth estimates for 2015 goes negative High correlation between SPX revenues and U.S. nominal GDP 2015 U.S. GDP estimates in 3% range way too optimistic? The 443 S&P 500 companies that have reported 4Q were tracking … Continued
U.S. rig counts have continued to drop since September This is yet to negatively impact well-paying oil and gas jobs Although weekly hours of support activities peaked in Mar last year U.S. rig counts are on the decline. As of … Continued
Inability of offensives to take the lead has been a thorn in the side of rally since Oct 15th low Outperformance last week of XLY vs. XLP and HYG vs. LQD sign of trend change? Duel on between seasonally favorable … Continued