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Morning Notes Jan. 29, 2018

Morning Notes Jan. 29, 2018

Personal Income and Outlays Report was issued this morning. This report breaks out December's consumer numbers, including inflation data, from last week's fourth-quarter GDP report. Personal income rose 0.4 percent in December with wages and salaries up 0.5 percent....

Suddenly Latin America is Red Hot

Suddenly Latin America is Red Hot

Move over China, here comes Brazil. Global stocks have outperformed domestics since last spring, mostly led by Chinese equities. But in the last week or so there's been a sudden gush into a region that many traders may have forgotten: Latin America. The region's...

Trust the Trend but Verify: Price Headly

Trust the Trend but Verify: Price Headly

Buy at support, sell at resistance, but always back-test. That was the message from our pro trader this morning. Price Headly, founder of BigTrends.com, runs Donchian channels on his TradeStation platform to time entries and exits. Like many other power users, he's...

Are Metals Quietly Breaking Out?

Are Metals Quietly Breaking Out?

Most attention this week is focused on hopes of pro-business tax reform in Washington ...meanwhile investors seem to be shifting money into an industry outside the current spotlight: Metals. The SPDR S&P Metals & Mining Fund (XME) has gained almost 6 percent...