Thursday, March 31, 2016

THURSDAY 3/31/16; EOM; EOQ1; China Credit Rating Cut; Challenger Job-Cut Report; Chicago PMI; Euro Hits 1.14; VJET

Energy, materials and financials lead Aussie stocks higher. SPASX200 is up +1.7% to 5094. The NIKK 















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 electric car that is affordable to more consumers. Musk boasts that 130K people have already ordered the car. The Model 3 will go into production next year.

Tuesday, March 29, 2016

WEDNESDAY 3/30/16; Yellen Stock Market Rally Cascades to Asia and Europe; ADP Employment Report; CCL; LULU; PAYX; UNF; MU

Global traders continue to ponder the Yellen Rally in the States and look forward to 

















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creates a cascading global stock market rally by flapping her dovish wings. The EOQ window dressing helps the stock market remain elevated. The Atlanta Fed’s surprisingly low Q1 GDP forecast of +0.6% is creating concern among market participants.

Monday, March 28, 2016

TUESDAY 3/29/16; Japan Economic Data; PM Abe Speaks; CONN; LEN; MKC; SORL; Consumer Confidence; Fed Speak Including Chair Yellen; US Stocks Rally; 5-Year Note Auction; RH; PLAY; SONC; VRNT

The Aussie and Japan index futures point to 



















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 these folks lost two-thirds of their money and are eating franks and beans for dinner this evening. The weekly and daily RH charts are set up with positive divergence indicating a potential rebound on tap for the home furnishings company. RH is down -3% in AH trading.

The API Oil Inventories are a 2.6 million barrel build less than the 3.2 million barrel build expected. Oil prices should stabilize and rise on the small build.

Sunday, March 27, 2016

MONDAY 3/28/16; Australia, Hong Kong and European Indexes Remain Closed for Easter Monday; CALM; Personal Income and Outlays; International Trade; 2-Year Note Auction

Light trading volumes are expected around the world with many major indexes 





























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According to the Religion for Peace website, in only the last 30 days, Islamist terrorists have carried out 147 attacks around the world. The radical Muslims waging Jihad have killed 1,169 people and injured 3,221 in 36 suicide blasts in 25 countries over the last month. That will get your attention. President Obama fiddles while the world burns.

SUNDAY 3/27/16; Happy Easter

Today is Easter (Pasch; Resurrection Sunday) celebrated by Christians when Jesus rose from the dead in the New Testament. Holy Week ends with 






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President Obama is a lame duck and appears to be counting the days until he can dump off the United States’ problems, many of his own creation, onto the next president’s lap.

Friday, March 25, 2016

SATURDAY 3/26/16; Easter Weekend

SPX 2036. INDU 17516. COMPQ 4774. RUT 1080. NIKK 16892. SPASX200 5084. KOSPI 1986. SSEC 2961. HSI 20346. BSE 25338. DAX 9851. CAC 4330. FTSE 6106. MIB 18165. IBEX 8790. PSI 5098.

The refugee crisis is 














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American society continues to develop a ‘win at all costs’ mentality. To a growing number of citizens, it does not matter how you attain wealth and notoriety; it only matters that you do.

FRIDAY 3/25/16; Good Friday; Many Markets Closed; Japan Inflation Data; GDP (Gross Domestic Product)

Today is Good Friday when Jesus died on the cross in Christian religions a very solemn and Holy Day. The Easter weekend begins. US markets are 















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 killing of a major ISIS leader, Omar al-Shishani, known as Omar the Chechen, in a Syria airstrike this month. The police raids continue in Brussels. Global traders hit the pause button for the weekend.

Wednesday, March 23, 2016

THURSDAY 3/24/16; WTIC Oil Prints 38-Handle; Brent Oil Sub 40; ACN; FINL; SIG; Durable Goods Orders; PMI Services Index

Asian indexes are lower in the 













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 chips are down with SOX losing -1.3% this week ending at 666. Apple announces the new smaller iPhone but AAPL dumps -0.2% this week to 105.67 using the 20-week MA at 104.23 as support.

Tuesday, March 22, 2016

WEDNESDAY 3/23/16; Brussels Terrorism Aftermath; GIS; New Home Sales; KBH; PVH

Asian indexes are trading generally lower in the 












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ISIS is on the march across the world while the president fiddles. President Obama’s legacy is increased terrorism, racism and social unrest inside and outside the United States, a new Holy War in the Middle East reminiscent of The Crusades (ISIS committing genocide against Christians, Yazidi and Jews), a mass human migration into Europe not seen since WW II and a growing fear that WW III is on the doorstep.

Monday, March 21, 2016

TUESDAY 3/22/16; Brussels Terror Attack; Global PMI’s; WTIC and Brent Oil at Parity; US Primary Elections; Fed Speak; NKE; CTAS; XONE; FIVE; KKD; RHT; SCS

Asian indexes are mixed 


























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 the email scandal where an indictment may occur against Clinton; inside sources in the FBI says there is plenty of evidence for an indictment. President Obama controls the Attorney General that may not indict Clinton protecting her from prosecution but if the FBI recommends this action and it is ignored, the information will be leaked and likely cause Clinton problems during the general election campaign in the months ahead. Both democrats and republicans have messes on their hands as the POTUS circus continues.

Sunday, March 20, 2016

MONDAY 3/21/16; SSEC Tags 3000; Merger Monday; Existing Home Sales; AAPL New Product Event; Fed Speak; RUT Hits 1000

US futures begin the week (Sunday evening in the States) slightly negative. 















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 plans to rip up President Obama’s Iran nuclear deal (which Israel is unhappy with) if he is elected. Trump receives a warmer reception than expected.

SUNDAY 3/20/16; First Day of Spring; Palm Sunday

Today is the first day of spring in the 
















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Shots are fired at the South by Southwest event in Austin, Texas. The gunman is captured and no one is injured. The SXSW festival is an annual gathering of creative people with backgrounds in music, movies, the arts and entertainment and technology. The event is quiet (until the gunshots) this year without any new earth-shattering tech product announcements.

Saturday, March 19, 2016

SATURDAY 3/19/16

SPX 2050. INDU 17602. COMPQ 4796. RUT 1102. NIKK 16936. SPASX200 5183. KOSPI 1992. SSEC 2955. HSI 20672. BSE 24953. DAX 9951. CAC 4463. FTSE 6190. MIB 18611. IBEX 9051. PSI 5173.

Euro 1/1266. Dollar/yen 111.55. Pound 1.4479. WTIC oil 39.35. Brent oil 41.20. Natty gas 1.893. Gold 1256. Silver 15.825. Copper 2.286.

Treasury yields are; 2-year 0.84%, 















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A drone flies within 200 feet (m) of a Lufthansa jet coming in for a landing at LAX (Los Angeles International Airport). The near collision would have led to a tragic outcome. It is only a matter of time before a drone collides with a commercial aircraft.

Friday, March 18, 2016

FRIDAY 3/18/16; China Property Prices; TIF; OpEx Quadruple Witching; Brent Oil Above 42; WTIC Oil Above 41; Consumer Sentiment; Fed Speak; SPX (S&P 500) Turns Positive for 2016

Euro 1.1312. Dollar/yen 111.09. The yen is strengthening 













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Trump and Cruz should be allowed to fight one-on-one but that does not appear in the cards. Mitt Romney, the failed former presidential nominee, supports Cruz in Utah but does not provide a full endorsement. Instead, Romney will support Kasich in other elections as he carries out the plan to create a brokered convention.

Wednesday, March 16, 2016

THURSDAY 3/17/16; St Patrick’s Day; Japan Exports/Imports; Fed Decision Aftermath; Currency Wars Escalate; Dollar/Yen Prints 110-Handle; BOE Policy Decision; MIK; Philly Fed; WTIC Oil Rallies Above 40; US Stocks Rally; INDU (Dow Industrials) Turns Positive for 2016; VIX 13-Handle; Silver Above 16; ADBE; ARO

Today is St Patty’s Day a holiday when everyone is Irish if only for 



















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The republican POTUS race has developed into a mess starting with 17 candidates and a deep bench now down to the two men, Trump and Cruz, that the republican establishment did not want. Clinton is receiving the coronation for the democrat nomination but they have their own problems since she may be indicted due to her secret server and the ongoing email scandal. What a sad state of affairs for America.

Tuesday, March 15, 2016

WEDNESDAY 3/16/16; US Primary Election Aftermath; CPI (Consumer Price Index); Housing Starts; BTU Goes Bankrupt; Oil Rallies +6%; FOMC Rate Decision, Forecasts and Chair Yellen’s Press Conference; US Stocks Rally; Gold Rallies; FDX; GES; MLHR

Euro 1.1107. Dollar/yen 113.14. Pound 1.4151. WTIC oil 36.94. Brent oil 38.74. Natural gas 1.85. Gold 1233. Silver 15.29. Copper 2.235.














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Like Nero in ancient Rome, President Obama fiddles while the world burns. No wonder voters are seeking Washington beltway outsiders for the next US presidency such as Trump or Cruz. The stink and stench of the current democrat and republican Washington cartel is overwhelming as the politicians ruin the country.

TUESDAY 3/15/16; RBA Minutes; BOJ Policy Decision; Five Key US POTUS Primary Elections; BONT; DSW; PLCE; PPI (Producer Price Index); Retail Sales; FOMC Two-Day Meeting Begins; Business Inventories; TERP; US Election Results

Asian indexes begin trading 




























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Marco Rubio was crushed in Florida his home state. He went to Washington, DC, but got caught up in the establishment’s ways and people lost confidence in his candidacy. Rubio’s endorsement, should he choose to proclaim one, would be extremely important. Rubio and Kasich are king-makers since they have the ability to push the republican race towards choosing either Trump or Cruz. Trump appears on his way to the nomination with his only serious competition Cruz nipping at his heels.

Sunday, March 13, 2016

MONDAY 3/14/16; Japan Machinery Orders; DDD; Oil Collapses -4%; MNKD

At 7:30 AM Tokyo (6 :31 PM EST Sunday evening), US futures are flat. 















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Other winners are FCX up +4.4%, TRIP travels +4.5% higher and WMB gains +3.1%. The big losers are CHK down -7%, BHI -4.2%, HP -3.6% and pharma ALXN down -3.4%.

After the closing bell, MNKD collapses more than -12% after reporting earnings. CUR reports a loss.

SUNDAY 3/13/16; German Elections; US Politics

Daylight Saving Time (DST) begins in the United States so clocks are set ahead one hour. This will adjust 














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German Chancellor Merkel suffers a setback as the weekend elections go against her a rebuke of her immigration policy. Turnout is strong so German’s came out in force to voice displeasure at her handling of the migration crisis. Citizens are nervous and in an uproar due to the large number of young single men refugees; some are groping and raping European women.

Saturday, March 12, 2016

SATURDAY 3/12/16; China Data; US Presidential Politics

SPX 2022. INDU 17213. COMPQ 4748. RUT 1088. NIKK 16939. SPASX200 5166. KOSPI 1971. SSEC 2809. HSI 20200. BSE 24718. DAX 9831. CAC 4493. FTSE 6140. MIB 1899. IBEX 9091. PSI 5003.















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The election results from Wyoming are a landslide in Cruz’s favor with Rubio second and Trump third. The Washington, DC, election names Rubio the winner edging out Kasich by a  hair. Washington, DC, is the capital of the United States; a tiny area that surrounds the nation’s capital buildings. It is not a State; it is a city called the District of Columbia (DC) sitting on the Potomac River between Maryland and Virginia. The political class came out and voted for the establishment candidates Rubio and Kasich.

Thursday, March 10, 2016

FRIDAY 3/11/16; ECB Aftermath; BKE; HIBB; European and US Stocks Rally Big; Import/Export Prices; US 10-Year Treasury Yield Teases 2% Level; US Presidential Politics Explained

Asian indexes begin trading mixed. In the land down under, the 


















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Trump’s presidential candidacy is escalating the social unrest in America. The United States is likely moving into a time period similar to the volatile 1960’s and 1970’s. If Americans want Trump and all the associated drama, then give the people what they want.

THURSDAY 3/10/16; ECB Rate Decision and President Draghi Press Conference; DG; European Stocks Collapse; Euro Above 1.12; 30-Year Bond Auction; MED; ULTA; PAY; ZUMZ

Asian indexes begin trading positively. ASX 200 is flat. NIKK +0.6%. Topix +0.6%. KOSPI +0.4%. US futures are a touch negative. S&P -1. Dow -9. Nasdaq -4. WTIC oil 38.20. Brent oil 41.07. Natural gas 1.77. Gold 1252. Silver 15.30. Copper 2.235.
















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The republican race will continue with Rubio and Kasich refusing to leave the race prohibiting Cruz from fighting Trump one-on-one. Polls show Cruz would beat Trump but it is a moot point since the vote will be split between Cruz, Rubio and Kasich, and Trump will likely walk away as the nominee.

Tuesday, March 8, 2016

WEDNESDAY 3/9/16; US Primary Elections Aftermath; Queen Backs Brexit; HOV; VRA; Wholesale Trade; 10-Year Note Auction; BOX; SQ

Asian indexes are trading mixed in the early going. 






























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The sick republican establishment leaders hope that Rubio wins Florida and Kasich Ohio next Tuesday which may force a contested convention (Trump unable to obtain 1237 delegates). The establishment then hopes to steal the nomination away from either  Trump or Cruz depending on who has the most delegates. The drama and theatrics continue. A republican debate is scheduled for tomorrow evening.