Today we debut a numeric rating system that should help make the indicator signals a little easier to interpret for our readers. To make things simple, based on our proprietary indicator readings, we assign each indicator a rating ranging from -2 to +2.    A “-2” rating would be a flat-out… Read More

Average Annualized Return Per Closed Trade: 22.4% Average Return Per Closed Trade: 17.9% Average Holding Period: 297 days For the second month in a row, the U.S. Bureau of Labor Statistics (BLS) reported surprisingly strong employment data. Total nonfarm payroll employment increased by 255,000… Read More

Yesterday, for the first time since April, West Texas Intermediate crude oil futures settled below $40 a barrel. According to the most recent available data, in the week ended July 29, the number of U.S. oil rigs in operation rose for the fifth-consecutive week. From a low of 330 in… Read More

Average Annualized Return Per Closed Trade: 22.4% Average Return Per Closed Trade: 17.9% Average Holding Period: 297 days This week, the Fed held its fifth (of eight) policy-setting meeting of the year. Heading into the meeting, essentially all observers expected no rate hike, so… Read More

The U.S. Federal Reserve’s decision-making arm, the Federal Open Market Committee (FOMC), concluded its two-day meeting today. Since there was very little chance that the Fed would vote to raise the federal funds rate at the meeting, its decision to hold the target range for said rate at 0.25 to… Read More

Average Annualized Return Per Closed Trade: 22.4% Average Return Per Closed Trade: 17.9% Average Holding Period: 297 days Shares of United Rentals (URI) rallied more than 11 percent this week after the company reported better-than-expected earnings. United reported second-quarters earnings of $2.06 per share (adjusted for non-recurring… Read More