Trading News Today


 

Employment at US companies increased 147,000 in May (in seasonally adjusted terms), according to this morning’s update from the Labor Department. Although new filings for unemployment benefits jumped more than forecast, rising 13,000 to a seasonally adjusted 248,000, that’s still close to a multi-decade low.

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What the CFA Means To Me [0.16]

Posted on June 2, 2017, 2:27 p.m. by The Irrelevant Investor @ [source]

The CFA didn’t help me get a job. All was going well, and then I thought I’d seal the deal by letting him know that I was studying for Level 2 of the CFA exam in June.

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Major market shifts are compelling businesses to consider new low-cost sourcing opportunities outside Asia. Africa is the world’s fastest-growing continental economy, and its B2B market is a major, albeit unsung, driver of this growth.

Africa African companies continent countries labor market production resource sourcing

 

US Job Growth Slows; Jobless Rate Falls [-0.02]

Posted on June 2, 2017, 1:45 p.m. by HOME @ [source]

Washington (Reuters) – U.S. job growth slowed in May, and employment gains in the prior two months were not as strong as previously reported, suggesting the labor market was losing momentum despite the unemployment rate falling to a 16-year low of 4.3%.

Economists polled by Reuters had forecast payrolls increasing by 185,000 jobs last month and the unemployment rate holding steady at 4.4%.

employment gains growth job labor market months rate Reuters Unemployment

 

We talk about “non-farm” payrolls, but have you ever wondered what has driven that sector from half of the workforce to less than 1% today?

Hired farmworkers make up less than 1 percent of all U.S. wage and salary workers (USDA).

driven farm farmworkers Hired non payrolls talk wage wondered workforce

 

One study from the Quantifinder that triggered last has some potential intermediate-term implications, and it is fairly interesting, so I figured I would share it. This study looked at the SPX closing price in relation to its 50-day Bollinger Bands, and the fact that we are now extended upwards.

band Bollinger day extended fairly looked reading spx standard study

 

Momentum Portfolio June Update [0.12]

Posted on June 2, 2017, 12:26 p.m. by SCOTT'S INVESTMENTS @ [source]

In 2011 Scott’s Investments began tracking a momentum portfolio which ranks a basket of ETFs based on price momentum and volatility. In 2014 I also introduced a pure momentum system, which ranked the same basket of ETFs based solely on price momentum.

conservative etfs momentum portfolio pure ranked replaced system volatility weighted

 

Same Old Performance Chase [0.11]

Posted on June 2, 2017, 12:15 p.m. by The Reformed Broker @ [source]

I keep up to speed with fund flows – specifically ETF flows – because I think they give me a good sense of what my colleagues in the profession are doing and how investors are feeling about various asset classes / investment themes on a general basis.

Regardless, flows for US funds were still negative for May.

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Playing the GDX ‘Coil’ [0.07]

Posted on June 2, 2017, 11:07 a.m. by Jay On The Markets @ [source]

Gold stocks are known for being “volatile” – especially after they go for a while without being volatile. Figure 1 displays the recent price action for ticker GDX – an ETF that tracks an index of gold mining stocks.

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The projected risk premium for the Global Market Index (GMI) ticked higher in May. The projected premium for each asset class is calculated as the product of the three inputs above.

asset allocation current estimate forecast gmi market performance premia premium term

 

Optimal Cycle for Monthly SMA Signals? [PREMIUM] [None]

Posted on June 2, 2017, 10 a.m. by CXO Advisory @ [source]

 

BMW Concept 8 Series [0.10]

Posted on June 2, 2017, 10 a.m. by The Big Picture @ [source]

I don’t fall in love easily, but this beauty has me swooning.

Theoretically, this is the basis for the new 2018 BWM 8 series.

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This article looks at the large increase in the number of people who moved from employed to not in the labor force during the 2013–14 to 2015–16 period, both overall and for workers ages 25–54.

This article concentrates on exits from the labor force—in particular, trends in labor force exit by the employed.

age employed employment EN flow exits flow labor population rate workers

 

Trading Strategy For Bitcoin [0.14]

Posted on June 2, 2017, 8:27 a.m. by Price Action Lab Blog @ [source]

DLPAL Trading Strategy for bitcoin with 5% profit target and stop loss has 69% win rate and 100% out-of-sample return.

Below is the DLPAL S workspace used for in-sample unsupervised feature identification and supervised train and test.

DLPAL in out of profit rate sample stop strategies strategy trade

 

Covfefe Trading Strategy For Bitcoin [0.12]

Posted on June 2, 2017, 8:27 a.m. by Price Action Lab Blog @ [source]

DLPAL Covfefe Trading Strategy™ for bitcoin with 5% profit target and stop loss has 69% win rate and 100% out-of-sample return.

Below is the DLPAL S workspace used for in-sample unsupervised feature identification and supervised train and test.

DLPAL in out of profit rate sample stop strategies strategy trade

 

Despite the low volatility in the stock market, a significant price action anomaly with high economic value is present this year in some Dow 30 stocks and popular ETFs.

anomaly dow economic etfs market popular present significant stock volatility

 

Tactical Asset Allocation in May [0.17]

Posted on June 2, 2017, 7:37 a.m. by AllocateSmartly @ [source]

This is a summary of the recent performance of a wide range of excellent tactical asset allocation strategies. The two top performing strategies were only recently added to the members’ section: Classical Asset Allocation (CAA) Defensive and Offensive.

allocation asset classes equities exposure recent strategies TAA tactical time

 

ETF League Table As Of June 1, 2017 [0.04]

Posted on June 2, 2017, 4 a.m. by HOME @ [source]

 

It can be really interesting and exciting to research the markets and test different ideas but at some stage we need to decide if the strategy is ready for live trading.

How do we avoid getting bogged down in research?

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