drduru

drduru

A poor reaction to a hawkish Fed ended the overbought period at 2 days. The S&P 500 is now poised for a pullback. A Fed Buzzkill Ends Ambitions for An Overbought Market drduru.com $SPY $QQQ #VIX #T2108 #AT40 $ITB $LEN $AAPL $TLT $DXY #forex

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Since 2000, the U.S. trade balance and the U.S. dollar have mostly followed a direct correlation. I am betting on a continuation. A Path Higher for the U.S. Dollar: A Shrinking Trade Deficit drduru.com #DXY #USDX #USDCHF #forex #UUP #usdollarindex #swissfranc

drduru

It was a promising week that could have easily ended on a bearish note. Buyers are still coming up just short of confirming bullishness. A Promising Stock Rally Comes Up Short of Important Threshold drduru.com $SPY $QQQ $AMZN $AA $CWH $EWZ $NIB $RCL $UBX $ULTA #VIX #T2108 #AT40 #forex $AUDJPY

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Housing Market Review (May, 2018) - A Fresh Flicker of Life As Sentiment Turns Without A Change in Data. The housing data continue to plod along but the market for home builder stocks is suddenly warming up all over again. drduru.com $ITB $CCS $DHI $PHM $LEN $FPH $LGIH $MTH $XHB

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Betting the Swiss Franc's Italian-Inspired Comeback Is Temporary drduru.com $USDCHF $EURCHF #forex $FXF $FXE

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I almost conceded to the odds of 4 Fed rate hikes in 2018. Those odds plunged in the last week, yet the U.S. dollar held firm. Red flag? $DXY $USDX drduru.com

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The headlines are headwinds, then tailwinds, then headwinds all over again. The stock market ominously pulled back from overbought again. "An Overbought Threshold Rejects A Stock Market With Crossed Signals" drduru.com $SPY $QQQ $IWM #AT40 #T2108 #VIX $BA $TOL $BBY $AZO $MNRO $ULTA $AUDJPY #forex

drduru

The stock market put in a strong week as the bounce from lows and supports continues. Caveats are still glaring like low/declining volume. The Stock Market's Time to Test Buyers' Resolve drduru.com $SPY $QQQ #VIX $AAPL $AMZN $IWM $BBY $BHP $CMG $XLI $XLV #AT40 #T2108 $DE $ITB $LGIH $MNRO $MTCH $NIB $RIO $X

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The odds of a fourth rate hike in December have soared over the last month, helping the dollar's bounce off its lows. "Four Fed Rate Hikes This Year? Hmm....Maybe." drduru.com

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The deconstruction continues in material stocks. The culprit this time around was a poor reading and interpretation of construction spending. I think it was a big over-reaction given the overall trends. Deconstructing Materials Stocks. drduru.com $USCR $AYI $XLB

drduru

The market may have set itself up for another false alarm on rate action from the Bank of England. The British pound hangs in the balance. I am long GBP/USD mainly as a hedge on my bullish U.S. dollar positioning. At the May 10th policy meeting, I think the risk of further pound weakness is greatly minimized while more upside exists...especially if the dollar...

drduru

Last week was chock full of earnings. There was enough GOOD news to lift the market out of the doldrums, but profit-takers were instead the most active. Some individual stocks perform fantastically and will be the ones to watch going forward. They may leave the rest of the market behind as the major indices get weighed down by some big under-performers. The...

drduru

Home builder stocks are starting to diverge as housing data decelerates. Investors are showing interesting preferences even as all builders continue to tell similar stories. For more.... Housing Market Review (April, 2018) - Dissonance: Decelerating Housing Data and Diverging Home Builder Stocks drduru.com $ITB $PHM $LEN $KBH #housingwatch #stockmarket

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A snipper from my latest post.... drduru.com The stock market faded from bullish undertones and back into the resting position. Now we can just look back at what could have been. For the first time in a long time, I feel compelled to change my short-term trading call from neutral. While the S&P 500 (SPY) still sits well within a trading range of churn, I see...