Despite Weak 3Q Results, Major U.S. Banks/Brokers Acting Well — Signal Or Noise?

Stocks of major U.S. banks and brokers are behaving in a way that shorts are probably not very happy with.  Should they treat this as a signal or noise? The top six have reported September-quarter results, and it is a … Continued

KBE on cusp of breakout, even as XLF lags

posted in: Economy, Equities, Technicals | 0

Different messages coming out of two financial ETFs – KBE vs. XLF KBE similar to KRE, regional bank ETF, while XLF is large cap-dominated C&I loans have been growing nicely, but so is inventories-to-sales ratio, muddying picture How did U.S. … Continued

Dow induction alone does not ensure peak in share price

posted in: Equities | 0

AAPL set to join Dow brings out ‘this is top’ talk Historically, tough to argue Dow inclusion ensures top If AAPL peaks, it will be for other business-related reasons AAPL (127.14) is slated to replace T in the Dow Jones … Continued

Poor results from major U.S. banks prove XLF divergence from 10-2 spread misplaced

posted in: Credit, Equities, Technicals | 0

Major U.S. banks’ 4Q14 earnings results big disappointment Release of reserves built up during crisis years have been big tailwind Financials’ path of least resistance down medium-term, though oversold near-term Investors were genuinely disappointed last week as all four major … Continued