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General Mills (GIS) Q3 Earnings Meet, Tanks On Slashed Views

General Mills (GIS) Q3 Earnings Meet, Tanks On Slashed Views

General Mills, Inc. GIS delivered in-line earnings and revenues in the third quarter of fiscal 2018. Meanwhile, the food giant has lowered its fiscal 2018 profit outlook to reflect higher supply chain costs. Shares tanked more than 8% in pre-market trading after the earnings release. In-Line Earnings General Mills reported third-quarter fiscal 2018 adjusted earnings per share […]
After FOMC, Market’s Direction Will Be Clearer

After FOMC, Market’s Direction Will Be Clearer

My Swing Trading Approach I remain 100% cash for a second straight day. I would like to add some long or short positions, but I need the market to lead the way. Right now it isn’t doing that.  Indicators VIX – It gave back its gains from the day prior, by declining 4.3%.  T2108 (% of stocks […]
Morning Call For Wednesday, March 21

Morning Call For Wednesday, March 21

Overnight Markets and News Jun E-mini S&Ps (ESM18 -0.01%) this morning are down -0.01% and European stocks are down -0.04% as the markets await the FOMC’s first policy decision with Jerome Powell as Fed Chair. Losses were limited due to strength in energy stocks with May WTI crude oil (CLK18 +0.96%) up +0.93% at a […]
BTC/USD And BTC/JPY Forecast – Wednesday, March 21

BTC/USD And BTC/JPY Forecast – Wednesday, March 21

BTC/USD Bitcoin markets pulled back slightly during the trading session on Tuesday but found enough buyers underneath to turn around and form a hammer. It now looks as if the market is going to make it go at higher pricing, but I believe that the $10,000 level will continue to be very resistive. I suspect […]
Treasury Snapshot: 10-Year Yield At 2.89%

Treasury Snapshot: 10-Year Yield At 2.89%

Let’s take a closer look at recent activity in US Treasuries. The yield on the 10-year note ended Tuesday at 2.89% and the 30-year bond closed at 3.12%. The 2-10 yield spread is now at 0.55%. Here is a table showing the yields highs and lows and the FFR since 2007 as of Tuesday’s close. […]
DXY Index Trades Sideways Into March FOMC Meeting – What To Expect

DXY Index Trades Sideways Into March FOMC Meeting – What To Expect

Ahead of the March FOMC meeting concluding later today, Fed funds futures are pricing in a 100% chance of a rate hike – just as they have since the start of 2018. As has been the case when front month odds are at 100%, the direction of the US Dollar is not contingent on the Fed raising […]
Bring An Umbrella: Here’s How To Hedge 3 Near-Term Risks

Bring An Umbrella: Here’s How To Hedge 3 Near-Term Risks

There’s something tautological about maintaining a “pro-risk asset allocation” until “risks” to that view materialize. I mean, that’s kinda like saying “I’m maintaining my sunny day outlook until clouds start to show up.” That said, I guess it’s reasonable to remain some semblance of optimistic on risk assets in general and equities specifically given that […]
Stock Charts Today – Wednesday, March 21

Stock Charts Today – Wednesday, March 21

I perform technical analysis using candlestick charting. Indicators used are the relative strength indicator as well as the stochastic. I am very bullish on the gold stocks and very bearish on the US Dollar.
Indian Indices End Marginally Higher; Telecom Stocks Witness Buying Interest

Indian Indices End Marginally Higher; Telecom Stocks Witness Buying Interest

After opening their day on a positive note, Indian share markets gave up some of their earlier gains and ended their session marginally higher. Gains were largely seen in the telecom sector and realty sector, while healthcare stocks and metal stocks ended the day lower. At the closing bell, the BSE Sensex stood higher by 139 points (up 0.4%) and the NSE Nifty closed higher by 31 points […]
Considering Skewness Of Returns As A Risk Metric

Considering Skewness Of Returns As A Risk Metric

Intech Investment Management recently published a primer on monitoring market stress by way of several risk metrics, including skewness of returns (SoR). In the grand scheme of quantifying risk, SoR is relatively obscure, but Intech makes a good case for paying more attention to this data. Applied to financial markets, skewness measures the degree of return asymmetry […]