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50-Day Moving Average Providing Resistance

50-Day Moving Average Providing Resistance

Watch resistance at the 50 day moving average It had been acting as support prior to its break last week, but now the 50 day moving average has firmly converted itself into resistance overhead. Following the break last Tuesday, it has gotten close to pushing back above the 50 day moving average but each time […]
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                        Small Cap Best And Worst – Thursday, April 20

E Small Cap Best And Worst – Thursday, April 20

The best small cap sector is technology. The top small cap industry is investment brokerage. The average small cap score is 47.46 and over the past four weeks, the score has averaged 50.12. The typical small cap stock in our coverage is trading -25.49% below its  52 week high, -1.22% below its 200 dma, and […]
Bull Of The Day: Inogen

Bull Of The Day: Inogen

It looks like the market is going to have to wait for a bill to “Repeal and replace” Obamacare. Regardless of what side of the political isle you find yourself on, it’s tough to discount the impact of such an event on stocks in the medical business. This is a varied business, with pockets that […]
China Leading Global Markets In 2017: A Look At Key Performance Drivers

China Leading Global Markets In 2017: A Look At Key Performance Drivers

This year one of the more remarkable performance stories has been China. In the first quarter, along with its emerging market fellow India, China was ranked in the top two of Index strategies that WisdomTree has in its global family of equity Indexes. Trump and Xi Talk China has been a focal point recently, with the […]
USD/CAD Bullish Marubozu On Daily Time Frame

USD/CAD Bullish Marubozu On Daily Time Frame

The USD/CAD has formed a bullish marubozu (strong momentum candle) on daily timeframe (see the mini daily chart) which marks an uptrend. Retracement towards POC might start at the break of trendline (red). If the price gets to POC (38.2, ATR low, D L4, EMA89)  the POC zone should spike the price further up towards […]
April 2017 Initial Unemployment Claims Rolling Average Improvement Continues

April 2017 Initial Unemployment Claims Rolling Average Improvement Continues

The market expectations for weekly initial unemployment claims (from Bloomberg / Econoday) were 236 K to 250 K (consensus 244,000), and the Department of Labor reported 244,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 247,250 […]
Philip Morris International Q1 Results Miss, But 2017 Outlook In-Line

Philip Morris International Q1 Results Miss, But 2017 Outlook In-Line

Philip Morris International Inc. (NYSE: PM) early Thursday posted weaker than expected first quarter earnings results, but its full-year forecast largely matched Wall Street’s outlook.
Verizon Shares Fall On Earnings Miss, Blackstone Shares Rise On Revenue Beat

Verizon Shares Fall On Earnings Miss, Blackstone Shares Rise On Revenue Beat

Verizon (VZ) and Blackstone (BX) released their latest earnings reports before opening bell this morning. Verizon posted adjusted earnings of 95 cents per share on $29.8 billion in revenue, compared to the analyst estimates of 96 cents per share and $30.4 billion in revenue. In last year’s first quarter, the mobile carrier and internet service […]
Saudis Go For The Save

Saudis Go For The Save

Saudi Arabia is trying to talk up the markets saying an output extension is all but done after yesterday’s supportive oil supply report failed to get us to the next level. There was a 1.0 million barrel drawdown in oil inventory overall and in Cushing, Oklahoma the inability of the market to move higher started […]