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Stocks To Trade: SQ, MSFT, HBAN

Stocks To Trade: SQ, MSFT, HBAN

Wednesday’s stock picks: Long Square (SQ) Long Microsoft (MSFT) Short Huntington Bancshares (HBAN)
USD/JPY Bullish Breakout Approaches Key Fibonacci Resistance

USD/JPY Bullish Breakout Approaches Key Fibonacci Resistance

USD/JPY 4 hour The USD/JPY seems to be building a larger consolidation zone, which could be explained by a wave 4 correction (blue). Price did break above a resistance trend line (red) but still remains below shallow Fib levels such as the 38.2-50% Fibs. A bullish break above those levels would change the wave perspective […]
USDCAD Daily Analysis – Wednesday, April 4

USDCAD Daily Analysis – Wednesday, April 4

USDCAD broke below 1.2803 support, suggesting that the downside movement from 1.3124 has resumed. Further decline could be expected in a couple of days and next target would be at 1.2650 area. Resistance levels are at 1.2860 and 1.2948, only break above these levels could signal completion of the downtrend.
Crude Oil, Gold Prices Trying To Push Lower. ISM And EIA Data Due

Crude Oil, Gold Prices Trying To Push Lower. ISM And EIA Data Due

The US Dollar put in a rather mixed performance on Tuesday, though it did rise towards the end of the day alongside local front-end government bond yields. There, sentiment improved on reports that the White House is not pursuing Trump’s attacks on Amazon. Perhaps a lack of critical event risk alongside a better mood paved the way for […]
Sensex Opens Flat; Tata Motors Rally

Sensex Opens Flat; Tata Motors Rally

Asian stocks are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.09% while the Hang Seng is down 0.08%. The Shanghai Composite is trading up by 0.72%. Overnight US stocks closed with gains as investors looked forward to earnings season. Back home, India share markets opened the day on a flat note. The BSE Sensex is trading higher […]
S&P 500 And Nasdaq 100 Forecast – Wednesday, April 4

S&P 500 And Nasdaq 100 Forecast – Wednesday, April 4

S&P 500 The S&P 500 rallied a bit during the trading session on Tuesday, breaking above the 2600 level. Ultimately, I think that the market should continue to reach towards the 2680 level, an area that is resistance. If we can break above the top of that level, then we should go looking towards the […]
Treasury Snapshot: 10-Year Yield At 2.79%

Treasury Snapshot: 10-Year Yield At 2.79%

Note: We’ve updated this commentary with data through Tuesday’s market close. Let’s take a closer look at recent activity in US Treasuries. The yield on the 10-year note ended Tuesday at 2.79% and the 30-year bond closed at 3.02%. The 2-10 yield spread is now at 0.51%. Here is a table showing the yields highs […]
5 Of The Best Stocks To Buy After A Market Correction

5 Of The Best Stocks To Buy After A Market Correction

Wall Street is off to a disastrous start in the second quarter. Major bourses tumbled into correction for the second time this year and closed below key technical levels. Elevated trade tensions between the United States and China along with weakness in large-cap tech stocks are cited to be the reasons for the free fall. […]
Earnings Season Will Determine Bull Or Bear Market

Earnings Season Will Determine Bull Or Bear Market

The final Q4 GDP revision ended up showing 2.9% growth which was up 0.4% from the prior revision. The consumer was at the heart of the growth as consumer spending grew 4% which was up from the prior report which showed 3.8% growth. The non-durable spending growth was increased from 4.3% to 4.8%. The durable spending was […]
February 2018 CoreLogic Home Prices Up 6.7% Year-Over-Year

February 2018 CoreLogic Home Prices Up 6.7% Year-Over-Year

CoreLogic’s Home Price Index (HPI) shows that home prices in the USA are up 6.7 % year-over-year (reported up 1.0 % month-over-month). CoreLogic HPI is used in the Federal Reserves’ Flow of Funds to calculate the values of residential real estate. Analyst Opinion of CoreLogic’s HPI CoreLogic year-over-year rate of growth has been steady for […]