SPX Reaching Historical Extremes on Weekly/Monthly Chart

We are starting to see some very extreme readings on our monthly and weekly index charts since there has been no correction this year.  I posted below first the monthly chart of the S&P 500 going back 15 years showing bollinger bands – rarely do we get above the upper monthly one, and never have we been this far above during this time frame.  Then below that I posted…

Read More

There is a Rotation Afoot

After breaking a key support trend line that connected the lows of November, December, February and April the S&P 500 has pulled off yet another "V shaped" upward move similar to so many others since 2009.  The index finished at new closing highs yesterday and is now up 7 of 8 sessions as we enter an economic and central bank heavy portion of the calendar.  The fact it has…

Read More

Equities Rally But So Do Bonds – What Gives?

Chris Burba (@ChrisBurbaCMT on twitter) just posted this interesting chart showing a major divergence between how bonds and stocks are acting.  Normally bonds will sell off as equities rally as we go into 'risk on' mode.  However this week even as equities rallied, bonds held quite steady and on a day like today are acting very strong.  Yields continue to fall.  Even as equities "honeybadger" their way up.  So…

Read More

Launch of Paladin Long Short Fund (PALFX)

Hanna Capital is proud to announce the launch of its flagship fund, the Paladin Long Short Fund (PALFX).  Available through a variety of brokers as well as direct purchase, this no-load fund seeks capital appreciation.  See the fund's prospectus here. Distributor: Capital Investment Group, Inc., Member FINRA/SIPC , 17 Glenwood Ave, Raleigh, NC 27603, (800) 773-3863.  There is no affiliation between Hanna Capital LLC, including its principals, and Capital Investment Group, Inc….

Read More

Feb21

For reasons that make little sense the market seems to really like/dislike round numbers.  We just saw the DJIA tag 13,000…. 13000.84 to be exact.  Along with the 2011 high of 1370ish very near let's see if this serves as any form of resistance how long it takes the market to chew right through this level.

Read More

Feb21

Many have pointed to the generally fantastic performance of the German economy, relative to not only other European markets but certainly versus the United States over the past 3-4 years.   Of course having a depressed currency helps; an independent mark would be far higher than the continental Euro – but Germany has practiced a far more balanced approached to 'capitalism' than is popular in the U.K. or U.S.  Government, business, and labor generally have a much more equal stake at the table.  The country also had a series of initiatives that were far more protective of labor during the downturn rather than 'slash and burn' which is popular in the U.S.  That said, it's not all peaches and cream as this quite interesting Reuters article points out.  Even in Germany we are seeing a lot of the trends that have evolved in both the U.S. and Japan – a stark gulf developing between the haves and have nots.  

Read More

Feb21

For the upteempth time in the past 2+ years we wake up to a Greek rescue.  I'll spare you the details as you can find them on a myriad of websites, but let us be sure we'll be circling back to this topic for yet another spin in the not too distant future.  But if you insist here is a Reuters story on the topic.

Read More

Feb17

Range bound for seemingly years, it's been a heck of 2012 for no other than… Microsoft (MSFT).  It seemed a lot of money that had been chasing Apple rotated into MSFT yesterday.  

Read More

Feb17

This article is getting some media attention in the financial arena this morning, however it doesn't seem to jive very well with data seen in weekly jobless claims (yesterday's 348k was the lowest since early 2008) or the ISM reports.  Apparently due to a figure in the Philly Fed survey, some analysis says that the February employment report will show only 50K-ish type of job growth.  That obviously would be a relatively dramatic downside surprise.  Again, don't read too much into it but putting it out there as there is quite a bit of chatter about it.

Read More