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Selling Extends For A Third Day

Selling Extends For A Third Day

Indices extended loses for a third day but didn’t change the picture from yesterday. The S&P is still sitting on a support level of the former channel as On-Balance-Volume extended on yesterday’s ‘sell’ trigger.   The Nasdaq confirmed its ‘bull trap’ but it still has a support level from the last swing high to use. […]
Ulta Misses Q4 Earnings Estimates, Comps Up 11%

Ulta Misses Q4 Earnings Estimates, Comps Up 11%

Ulta Beauty, Inc. (ULTA – Free Report) just released its fourth-quarter and full fiscal 2017 financial results, posting adjusted earnings of $2.75 per share and revenues of $1.94 billion. Currently, Ulta is a Zacks Rank #3 (Hold) and is down 2.25% to $201.51 per share in after-hours trading shortly after its earnings report was released. ULTA: Missed […]
Bitcoin Falling Through Support. Now What?

Bitcoin Falling Through Support. Now What?

The price of Bitcoin is falling through support. What does it mean? Reason(s) to be concerned? Let’s first review what is happening, before we look into the question what it means. Essentially, the Bitcoin chart has 3 major support (trend) lines: The red trend line (lowest of the 3 on below chart) represents the uptrend […]
March 2018 Initial Unemployment Claims Rolling Averages Marginally Improve

March 2018 Initial Unemployment Claims Rolling Averages Marginally Improve

Hurricanes continue to impact claims taking procedures in the Virgin Islands and Puerto Rico. The market expectations for weekly initial unemployment claims (from Bloomberg / Econoday) were 215 K to 225 K (consensus 220,000), and the Department of Labor reported 226,000 new claims. The more important (because of the volatility in the weekly reported claims and […]
Invuity Announces Pricing Of Public Offering Of Common Stock

Invuity Announces Pricing Of Public Offering Of Common Stock

SAN FRANCISCO, March 15, 2018 (GLOBE NEWSWIRE) — Invuity, Inc. (Nasdaq:IVTY) (“Invuity” or the “Company”), a leading medical technology company focused on minimal access surgery, today announced the pricing of its public offering of 6,200,000 shares of its common stock at a price to the public of $3.50 per share. In addition, the Company has granted […]
COT Black: Whose Seasonality?

COT Black: Whose Seasonality?

Is there a seasonal pattern to oil prices? It is beginning to look that way, though statistical purests would object to a sample size of two. Over the past couple of years, the switch between “reflation” and anti-“reflation” has taken on a little too much familiarity in terms of time and timing. In the summer […]
How The Fed Could End The Bull Market

How The Fed Could End The Bull Market

With the new economic and trade policy policy commentary coming out of Washington seemingly on a daily basis, along with the much discussed stock correction from February, which was caused by the unwind of the short volatility trade, it’s easy to lose track of what the Fed will do in 2018 and how it will affect […]
Empire State Manufacturing Survey: Growth In March

Empire State Manufacturing Survey: Growth In March

This morning we got the latest Empire State Manufacturing Survey. The diffusion index for General Business Conditions at 22.50 was an increase of 9.4 from the previous month’s 13.10. The Investing.com forecast was for a reading of 15.20. The Empire State Manufacturing Index rates the relative level of general business conditions in New York state. A level above […]
Trade Wars And Currency Wars: Financial Markets Have Good Reason To Be Wary

Trade Wars And Currency Wars: Financial Markets Have Good Reason To Be Wary

On Tuesday, market watchers did not witness the buying or selling of a single 10-year Japanese Government Bond (JGB) on an exchange. Not a one. Let that sink in for a moment. The Bank of Japan has swallowed up so much of the country’s debt obligations in its quantitative easing endeavors, trading activity across the […]