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EUR/JPY Bearish Zig Zag Within Equidistant Channel

EUR/JPY Bearish Zig Zag Within Equidistant Channel

Bank holidays are usually days when low volatility is expected. Yen pairs tend to move with equities, especially Nikkei, so we have seen some volatility in the Yen during the Asia session. The POC for EUR/JPY comes within 115.75-95 (EQ channel top, ATR high, W H3, EMA89) and should reject the price. Targets are 114.55 […]
JB Hunt Transport Services Inc. Q1 Profit Beats, But Revenue Misses

JB Hunt Transport Services Inc. Q1 Profit Beats, But Revenue Misses

Written by StockNews.com JB Hunt Transport Services Inc. (NASDAQ:JBHT) early Monday posted mixed first quarter earnings results, as its profit numbers topped expectations but its revenues fell slightly short of the analyst consensus.
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                        Nervous Investors Turning To ‘Risk-Off’ Trades

E Nervous Investors Turning To ‘Risk-Off’ Trades

The U.S. dollar fell against its major rivals on last week after a pair of weak datapoints raised new questions about the strength of the economy. Also pressuring the dollar lower were comments from U.S. President Donald Trump that the greenback was too strong and that he would prefer the Federal Reserve keep interest rates […]
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                        March Retail Sales May Signal Further Economic Slowing

E March Retail Sales May Signal Further Economic Slowing

It was another ugly retail sales report for the month of March and with February’s retail sales being revised sharply lower as delivered by the U.S. Commerce Department. Combined, February and March marked the worst two-month stretch in two years, suggesting that first-quarter U.S. growth will be less robust than previously hoped. Sales at retailers […]
3 Stocks That Matter: ELY, EWBC, LPX

3 Stocks That Matter: ELY, EWBC, LPX

Long Callaway Golf (ELY) Long Louisiana Pacific (LPX) Short East West Bancorp (EWBC)
Trader: “Down Should Be The Direction Of Choice For US Stocks”

Trader: “Down Should Be The Direction Of Choice For US Stocks”

Well, Mark Cudmore is back on the clock after an extended vacation. Monday’s missive finds the former FX trader reminding us that he “turned bearish US equities on March 8.” Actually, Cudmore has “turned bearish” only to “turn” back bullish on any number of occasions this year. Through it all, he’s generally maintained an upbeat outlook […]
Goldman: The S&P 500 Is Not Overvalued…Yet

Goldman: The S&P 500 Is Not Overvalued…Yet

Goldman Sachs is the latest bank to publish research trying to justify the current high level of the market as well as its year-end S&P 500 price target. Goldman laid out its case for further equity gains in a presentation published at the beginning this month titled Where To Invest Now. Across 80 pages, the […]
Stock Whisper Of The Day: BAC

Stock Whisper Of The Day: BAC

VIX Rising, Stocks Sliding As Geopolitics Remains The Driver

VIX Rising, Stocks Sliding As Geopolitics Remains The Driver

Talking Points: – Last week saw a reversal of USD-strength as geopolitical tensions around the Korean peninsula moved into the spotlight. – This has created a move-higher in the VIX (the ‘fear and greed index’); but the last couple of those instances turned-into aggressive rallies-higher. Is this time different? This week is relatively light on […]
M&T Bank Corporation Q1 Earnings Top Expectations

M&T Bank Corporation Q1 Earnings Top Expectations

Written by StockNews.com M&T Bank Corporation (NYSE:MTB) early Monday posted much better than expected first quarter earnings, as its operating income improved significantly from last year. The Buffalo-based regional banker reported: Q1 earnings per share (EPS) of $2.15, which was $0.21 better than the Wall Street consensus estimate of $1.94… net operating income for the first […]