Update: PMO BUY SPX 78% (recent) Accuracy

Since our first post on February 14, the “PMO Buy SPX” indicator (above) has deteriorated from 83 to 57 and the “PMO Buy ALL” indicator has deteriorated from 100 to 87 (Click for “PMO Buy ALL” Chart).  See our original posts here:

Update: PMO BUY SPX 78% (recent) Accuracy

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Be in the know. 10 key reads for Tuesday…

  1. Hayman Capital’s Kyle Bass predicts US interest rates will head back to zero in 2020 (CNBC)
  2. Salesforce: Gravity Still Applies (Wall Street Journal)
  3. China just slashed its target for economic growth (Business Insider)
  4. Why 3 Major Energy Companies Should Be Huge LNG Winners (24/7 Wall Street)
  5. Trump scraps trade privilege for India; Delhi plays down impact (Reuters)
  6. China to slash taxes, boost lending to prop up slowing economy (Reuters)
  7. The Netflix of China Might Just Be Wishful Thinking (Barron’s)
  8. At 21, Kylie Jenner Becomes The Youngest Self-Made Billionaire Ever (Forbes)
  9. Look “under the hood” of Hedge Fund “Trade Tips”® service with our new (short) webinar (YouTube)
  10. At $12.5 Million This Bugatti Is the Most Expensive New Car Ever (Bloomberg)

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Insider Buying

On March 1, 2019, Steven Gray – Director of Range Resources Corp. – (RRC) – purchased 20,000 shares of RRC at ~$10.95. His out of pocket cost was $218,924.

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DOUBLE Earnings Drops = DOUBLE Trouble

Historical Data Source: S&P Global – Howard Silverblatt

In the past 30 years, we have had 7 instances of sequential earnings drops of 7% or greater.  In each case, it was not a positive – and a stock market correction reflected the downturn in economic activity.  There is a KEY distinction when referring to sequential earnings declines: Continue reading “DOUBLE Earnings Drops = DOUBLE Trouble”

Be in the know. 10 key reads for Monday…

  1. U.S., China Close In on Trade Deal (Wall Street Journal)
  2. Elon Musk, Tesla to unveil next vehicle, the Model Y crossover, on March 14 (USA Today)
  3. The US just officially hit the debt ceiling (Business Insider)
  4. Boeing could bring the Dow to a hard landing (MarketWatch)
  5. Strange Bedfellows: Office Depot and Alibaba team up to tap small and medium businesses (Reuters)
  6. Billionaires Are On the Hunt for New Underground Cobalt (Bloomberg)
  7. 5 Stocks to Buy Now That Low-Turnover Hedge Funds Love (24/7 Wall Street)
  8. The Bomb That Blew Up in 2008? We’re Planting Another One (Bloomberg)
  9. Kinder Morgan Co-Founder Is on a Stock-Buying Spree (Barron’s)
  10. Ray Dalio (Bridgewater) financing amazing underwater discoveries (YouTube)

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