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Archives by Year:
Lowe’s Tanks On Earnings, Possible Short-Term Bottom
Lowe’s Companies (LOW) fell 8% on Wednesday morning after a mixed earnings report. While the company beat on revenue and same-store sales, it missed by $0.13 on earnings per share (EPS). LOW reported adjusted EPS of $0.74 and total revenue of $15.49 billion, compared to the market’s expectations of $0.87 and $15.33 billion. Same-store sales […]
Nasdaq 100- Bearish Reversal At Double Top In Play
Both charts above are the Nasdaq 100. Monthly on the left, weekly on the right. NDX hit the top of rising channel (1) in January and stopped on a dime. Soon after it declined 10%, then reversed higher after hitting rising support at (2), which has been in place for the past 2-years. The weekly chart highlights […]
NZDUSD Hits Target On Powell’s Comments And China’s PMI
The New Zealand dollar fell against the U.S. dollar as projected in the Forex Weekly Outlook. The Fed’s hawkish comments during Tuesday’s testimony helped boost the U.S dollar outlook against emerging currencies but the unexpected slowdown in Chinese manufacturing PMI further weighed on New Zealand’s currency outlook as experts are projecting a slowdown in the Chinese economy in […]
BTC/USD Forex Signal – Wednesday, Feb. 28
Yesterday’s signals were not triggered, as there was no bearish price action at $10,894. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be taken before 5pm Tokyo time, over the next 24-hour period. Long Trade Go long after a bullish price action reversal on the H1 time frame following the next touch of $10,481. […]
Now Is The Time To Stock Up On Exxon Mobil
The long time powerhouse in the oil and gas industry, Exxon Mobil (NYSE: XOM) has had a tough time lately. Last year, 2017, wasn’t kind to shareholders. The beginning of 2018 looked promising, but then the company announced earnings and the stock tanked. What is going on with Exxon Mobil? Is this stock a has-been and […]
This 1 Ratio Calls For A 78% Increase In Silver Prices
iStock.com/arnet117 Gold-to-Silver Ratio Suggest Silver Prices Could Soar Stocks have certainly done well in the past few years, but there’s one asset that remains ignored and has massive upside potential. It could outperform stocks easily. It’s silver. As it stands, silver prices trade for very cheap valuations. Ignoring the precious metal could really be a […]
WTI/RBOB Tumble After Bigger Than Expected Crude, Gasoline Builds
WTI was higher and RBOB lower after last night’s API (even as the USD rises) but both tumbled after bigger than expected crude and gasoline builds (and a new record high for US crude production). Bloomberg Intelligence Senior Energy Analyst Vince Piazza explained that the crude market is in a holding pattern with oil vacillating around $60 […]
BEA Leaves 4th Quarter 2017 GDP Growth Essentially Unchanged At 2.53%
In their second estimate of the US GDP for the fourth quarter of 2017, the Bureau of Economic Analysis (BEA) reported that the US economy was growing at a +2.53% annual rate, down -0.01% from their previous estimate and down -0.63% from the prior quarter. This report contains no material revisions. The largest change consisted of the […]
Acadia Triangle
This morning’s big hit for me is Acadia Pharmaceuticals. I’ve been tracking this one forever, since it’s got a gorgeous symmetric triangle pattern. I shorted it yesterday as it approached its midline, and this morning, blammo, it’s down 16%. A closer view shows the clean pattern and how its broken below the triangle now. I’ve […]
Chicago PMI Declines In February
The Chicago Business Barometer, also known as the Chicago Purchasing Manager’s Index, is similar to the national ISM Manufacturing indicator but at a regional level and is seen by many as an indicator of the larger US economy. It is a composite diffusion indicator, made up of production, new orders, order backlogs, employment, and supplier […]
