The S&P 500 for the past 5 months has created a series of “lower weekly closing highs” along line (1). Last week the S&P might have created a “Doji Star” reversal pattern at (2). This week a “reversal pattern” could be taking place at (3), just under falling resistance line (1). The Power of the…
A little knowledge that acts is worth infinitely more than much knowledge that is idle. Kahlil Gibran When it comes to investing, the first thing you need to learn is effective management of your emotions. It is impossible to eliminate the impulse to act when euphoria or panic are in the air. While you cannot…
I almost never do this, but I am posting here some remarks from another writer. My friend Andy Fately writes a daily commentary on the FX markets as part of his role at RBC as head of US corporate FX sales. In his remarks this morning, he summed up Yellen’s speech from yesterday more adroitly…
Factory orders bounced, nearly in-line with the Econoday consensus estimate of 1.4 percent. The actual rise was 1.5% percent. Don’t give too much praise to the economists for a correct guess because they had a durable goods advanced report last week as a guiding key. The overall results were a mixed bag, with some components rising others…
Photo Credit: Mike Mozart Beauty retail juggernaut, Ulta, is set to report 3Q2015 earnings today after the market closes. Amidst an overall weak retail sector, Ulta has emerged as one of stronger companies, boasting double digit sales and earnings increases over the past few years. Shares are up over 380% across the past 5 years and over…
Agricultural commodity price weakness and a strong dollar have created a very challenging environment for DuPont, resulting in slashing of estimates by analysts and sending the stock to a Zacks Rank #5 (Strong Sell). About the Company Delaware-based DuPont (DD – Analyst Report) is a global science and technology company with product offerings in Agriculture, Electronics…
Language itself being imprecise, it is often difficult to assign terminology that exactly fits the circumstances or processes being described. So often convention thinks and writes and speaks of monetarisms as if they were drugs like speed or heroin; the efficacious inducement toward uninhibited recklessness. Thus, “markets” are the addicts that only perform in the…
“Boo Mario Draghi!!!” Self-explanatory chart of the day; a picture of our modern financial markets as the policy maker of the day, Mario Draghi, disappoints a crack addicted market.
Momentum investors look for current upward price momentum. Today I used Barchart to sort the S&P 500 Large Cap Index stocks for the most new highs in the last 20 trading sessions. Today’s list includes Total Systems Services (NYSE:TSS), Applied Materials (NASDAQ:AMAT), Quanta Services (NYSE:PWR), Torchmark (NYSE:TMK) and Thermo Fisher Scientific (NYSE:TMO). Total Systems Services Barchart technical indicators: 96% Barchart technical buy signals Trend Spotter buy…
Today Foamix (FOMX) announced positive Phase 2 Results for its FDX104 foam treatment. The FDX104 treatment was used to treat patients with moderate to severe skin rashes. These patients had these rashes because of treatments they took for either their head, neck or colon cancer. Two drugs used to treat these cancers are Erbitux(R) from…
