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                        EURUSD Making A Reversal Lower

E EURUSD Making A Reversal Lower

So far so good, EURUSD moved straight down from 200% Fib. resistance level where pair found a top following a five wave move within wave five. As such, new and minimum three wave fall is here which can extend down to 1.0830 or even lower, if moved will be impulsive. EURUSD, 1H
Titillating Tax Tease

Titillating Tax Tease

It goes without saying that what has transpired in the market recently has bugged me. Once again, it seems that a wallet stuff full of cash was resting on the boardwalk deck, and as we bears bent to grab it, a kid behind a corner yanked on the string and the wallet was gone. Allow […]
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                        Mid Cap Best And Worst – Wednesday, April 26

E Mid Cap Best And Worst – Wednesday, April 26

The best mid cap sector is technology. The top mid cap industry is medical instruments. The average score for mid cap stocks in our universe is 61.39 and over the past four weeks, the score has averaged 58.80. The average mid cap stock in our universe is trading -13.98% below its 52 week high, 3.75% […]
S&P 500; Dangerous Place To Run Out Of Gas

S&P 500; Dangerous Place To Run Out Of Gas

Could the “Weekly Closing Highs and Lows” of last year, be impacting stock prices in 2017? The Power of the Pattern thinks so! Below looks at the S&P 500 over the past couple of years. where we applied Fibonacci to the “Weekly Closing Highs and Lows” of last year. The S&P 500 ran into the […]
Norfolk Southern Posts Record Q1 Operating Ratio

Norfolk Southern Posts Record Q1 Operating Ratio

Norfolk Southern Corp. (NYSE: NSC) early Wednesday posted better than expected first quarter earnings results, amid a record Q1 operating ratio and railway income.
The Global Systemically Important Banks: An Update

The Global Systemically Important Banks: An Update

“The large global banks were at the heart of the global financial crisis. In response to the crisis, the international Financial Stability Forum was upgraded to the Financial Stability Board (FSB) in 2009, with the full participation of finance ministers and even heads of government. The newly established FSB then published an integrated set of […]
GBP/JPY Strong Bullish Zig Zag Pattern

GBP/JPY Strong Bullish Zig Zag Pattern

The GBP/JPY has been bought on dips after Macron won the first round of French elections. Our Session Recap setup went as expected and now we see a continuation. Equities went bullish and GBP/JPY followed, reaching 143.00 zone. At this point, we see a huge MACD divergence which might drop the pair towards POC zone. […]
Euro, Yen Are Primed For BoJ, ECB Rate Decisions

Euro, Yen Are Primed For BoJ, ECB Rate Decisions

The second half of this week’s calendar picks up considerably as we get rate decisions from the Bank of Japan on Thursday morning in Tokyo, followed by a European Central Bank meeting that kicks off a bit later in the day. Both Central Banks are dealing with similar issues right now, albeit on far different […]
Floor & Decor Sets Terms For Strong IPO

Floor & Decor Sets Terms For Strong IPO

Floor & Decor (Pending:FND), a hard surface accessories and flooring retailer, has filed terms for its upcoming IPO. The company expects to raise $150M through the offer of 8.8 million shares at an expected price range of $16 to $18. Assuming Floor & Decor prices at the midpoint of the proposed price range, it would have […]
Tim Hortons/Burger King Parent Reports US$1 Billion Q1 Revenue, Beating Estimates

Tim Hortons/Burger King Parent Reports US$1 Billion Q1 Revenue, Beating Estimates

The owner of Tim Hortons and Burger King (Restaurant Brands International Inc. (NYSE:QSR) is reporting flat sales at its established locations in the first quarter but a 9% increase in revenue, which was above analyst estimates. BNN.ca QSR says: comparable sales at locations open at least a year were down one-tenth of a per cent at both […]