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Morning Call For Tuesday, April 17

Morning Call For Tuesday, April 17

Overnight Markets and News Jun E-mini S&Ps (ESM18 +0.46%) this morning are up +0.47% at a 3-week high on expectations of strong S&P 500 Q1 corporate earnings results. Netflix is up over 7% in pre-market trading after it reported better-than-expected Q1 earnings and forecast a bigger-than expected increase in subscribers for Q2. European stocks are […]
Monthly Retail Sales Surge, As Expected And Positioned For

Monthly Retail Sales Surge, As Expected And Positioned For

U.S. monthly retail sales reversed a 3-month trend of negative MoM results during the month of March as reported yesterday. Sales at U.S. retailers rose 0.6% in March, the Commerce Department reported Monday. An Easter holiday that fell on the last weekend of the month helped to drive more traffic into stores, though a bout of […]
Soaring Interest Rates Are The Biggest Threat To The U.S. Economy

Soaring Interest Rates Are The Biggest Threat To The U.S. Economy

Will U.S. Economy Remain Stable as Interest Rates Soar? Interest rates in the United States are skyrocketing. This could mean a lot of trouble ahead for corporate America and American consumers. Too often, everyone gets boggled by the rates set by the Federal Reserve, the federal funds rate (FFR). It’s the most basic interest rate, […]
Goldman Reports Blowout Earnings: Q1 Turmoil Leads To Best Equity Trading Revenue In 3 Years

Goldman Reports Blowout Earnings: Q1 Turmoil Leads To Best Equity Trading Revenue In 3 Years

If there is anything the recent reports from money center banks showed, it was the the February volatility surge was a gift to bank equity trading desks, which is why Wall Street was eagerly anticipating this morning’s Goldman Sachs results to see how much the “cleanest” trading desk on Wall Street would benefit from the […]
Time To Buy The Rumor Again

Time To Buy The Rumor Again

Buy the rumor and sell the fact. Many traders thought the run-up on oil was based only on the potential of an attack on Syria and fears that it spins out of control. Yet, the run-up in oil has been about a lot more than just Syria, but about falling supply, rising demand and other […]
USD/JPY And AUD/USD Forecast – Tuesday, April 17

USD/JPY And AUD/USD Forecast – Tuesday, April 17

USD/JPY The US dollar as you can see has broken down a little bit against the Japanese yen during trading on Monday, as it looks like we are trying to go back and forth and perhaps trying to build some type of momentum to go higher. If we can break above the 108 level, then […]
Magic Software For Health, Skill, & Cargo Applications

Magic Software For Health, Skill, & Cargo Applications

Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success. This week my latest portfolio seeks a high-yield and growing stock […]
Decent Rally In Stocks Past Couple Of Weeks – Risks Rising N/T

Decent Rally In Stocks Past Couple Of Weeks – Risks Rising N/T

Major US equity indices continue to try to repair the technical damage they sustained in February and March. After a decent rally in the past couple of weeks, risks are rising near term.   Foreigners sold $1.2 billion in US stocks in February. This was the first month in six they cut back. As a […]
Technically Speaking: Selling The 200 Day Moving Average

Technically Speaking: Selling The 200 Day Moving Average

This past weekend, I recommended taking action as the market approached our target zone of resistance. To wit: Nearly a month later, and we are watching the “pathways” play out very close to our “guess.”  Chart updated through Monday’s close “More importantly, we continue to trace out the ‘reflexive rally’ path. However, my guess is we are not likely done […]
DXY Index Recoups Overnight Losses On Weak Data Out Of Europe

DXY Index Recoups Overnight Losses On Weak Data Out Of Europe

Video Length: 00:06:51 The US Dollar (via the DXY Index) was on its way to its lowest levels in two months earlier today before a series of weaker data releases from China and Europe prompted demand for the greenback. Q1’18 Chinese GDP missed expectations slightly, February UK wage growth figures came in below expectations, and the March […]