Market Outlook April 10

With just one day to go until earnings season starts to sneak into more active territory, sell-side shops decided to give it one more push and via a futures-led market tried to lure investors back into the market.  While volume was clearly lacking, oversold sectors and groups bounced the most. Starting off with a glance […]

Gold Readying A Bounce

With earnings season upon us and really kicking into high gear next week, I am keeping a close eye on gold for signs of possible risk aversion trades.  As I discussed here ( on April 2nd, the near-term inverse correlation between stocks and gold, upon a sell-off in stocks, is consistent.  In other words, a […]

Starbucks Trying To Re-test All-Time Highs

Coffee retailing giant Starbucks Corporation (SBUX) has traded in an almost freakishly orderly up-trend since the early 2009 lows in the broader market.  In late 2011 and early 2012 the stock went vertical and traded above this longer-term trend, but eventually gave way to the laws of physics and corrected 30% in roughly 3 months, […]