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April 2017 Philly Fed Manufacturing Survey Declined But Remains Firmly In Expansion

April 2017 Philly Fed Manufacturing Survey Declined But Remains Firmly In Expansion

The Philly Fed Business Outlook Survey declined again but remains firmly in expansion. Key elements likewise declined. Analyst Opinion of the Philly Fed Business Outlook Survey There is continuing significant strength in this survey from new orders even with the decline. Note that last month, Federal Reserve data shows manufacturing declined and the regional fed […]
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                        EUR/USD May See Limited Upside In The Current Rally

E EUR/USD May See Limited Upside In The Current Rally

We see EUR/USD trading higher, now at 61.8% Fib level where reversal may occur if we consider that there are five sub-waves within wave c, and also resistance of the fourth wave of two lesser degrees. We are waiting on a turndown, below current channel that should then confirm a weaker euro. EUR/USD, 1H
D.R. Horton, Inc. Beats On Q2 Earnings & Revenues

D.R. Horton, Inc. Beats On Q2 Earnings & Revenues

D.R. Horton Inc. (DHI – Free Report) is one of the leading national homebuilders. The company offers a diversified line of homes across various price points through its multi-brand platform. While its Express brand caters to entry-level buyers looking for affordability, its high-end brand, Emerald, targets luxury buyers. Moreover, the company enjoys one of the broadest geographic diversities […]
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                        Market Briefing For Thursday, April 20

E Market Briefing For Thursday, April 20

Reflationary impulses have been increasingly muted for months now; no surprise. Whether housing, autos, price-cutting, inventory bloats (like autos) or even mis-positioning by many hedge funds (who then played a catch-up game to get-into sectors benefiting from ‘new American’ focuses on growth) who generally have under-performed the Indexes.. any way one looks at it the […]
S&P 500, FTSE 100, And Nikkei 225 Declining Due To Geopolitical Tension

S&P 500, FTSE 100, And Nikkei 225 Declining Due To Geopolitical Tension

If you have read our previous report on equities, you would notice that most of the indices that we mentioned did move according to our plan. Most of the global equities continued to retrace to the downside. The retracement comes just right before the earnings season. However, the geopolitical tension played the biggest role in […]
Gold Slammed For 3rd Day As USD/JPY Spikes

Gold Slammed For 3rd Day As USD/JPY Spikes

A little earlier than the last two days (right before the London Fix)…   But gold is suddenly under pressure again this morning as USD/JPY just decided unilaterally to spike bursting beyond 109.00…   On heavy volume again…   But it does appear the slamming efforts are fading.
Being Disciplined 90% Of The Time Won’t Work

Being Disciplined 90% Of The Time Won’t Work

Kopin Tan in Barron’s had some fascinating numbers about the flows into passive funds; Over the past two years alone, investors have pulled $574 billion from actively managed U.S. funds and plowed $924 billion into passive vehicles, says Morningstar. Active U.S. managers oversee $9.7 trillion, but that haul hasn’t grown much in four years and is […]
Thoughtful Thursday – Markets At A Crossroads

Thoughtful Thursday – Markets At A Crossroads

“I went down to the crossroads, fell down on my knees. Down to the crossroads, fell down on my knees. I’m standin’ at the crossroad, babe, I believe I’m sinking down.” – Cream Earnings are simply not that exciting. The growth in earnings was SUPPOSED to come from the Financials and the Energy Sector and […]
Europe Breaking Support, Spill Over Into The States

Europe Breaking Support, Spill Over Into The States

How stocks do in Europe, can have an important impact on stocks in the States. Today we look at the patterns in London and Germany, as recent price action could “spill over” into stocks in the states. FTSE 100 Index below- FTSE 100 hit resistance line (2) of late and it quickly turned south, breaking rising […]
PPG Industries, Inc. Q1 Earnings Beat, Still Hopeful On AkzoNobel Merger

PPG Industries, Inc. Q1 Earnings Beat, Still Hopeful On AkzoNobel Merger

PPG Industries, Inc. (NYSE: PPG) early Thursday posted better than expected first quarter earnings and provided an update on its proposed merger with AkzoNobel N.V. (PINK: AKZOY).