19 Nov 2020

Positive Vaccine News Further Elevates Investor Sentiment – Downside Risk Higher Than Upside Potential On Major Equity Indices

by | posted in: Equities, Technicals | 0

Pfizer’s positive vaccine news on Monday last week elicited favorable investor response. Moderna’s positive news this Monday generated a lukewarm response. Fatigue is setting in. Major US equity indices are in overbought territory, particularly daily, with several sentiment readings already … Continued

10 Mar 2015

Dow induction alone does not ensure peak in share price

by | 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

28 Jan 2015

Capex hopefuls cannot catch a break

by | posted in: Credit, Currency, Economy | 0

Setback in orders for business-capex proxy; down four consecutive months Inventory-to-order ratios, nowhere near previous peaks, trending higher Zero-bound suppressed rates probably impacting incentive to borrow The much-anticipated capex boom in the U.S. will just have to wait a while … Continued