Category Archive: Finance
Facebook Stock Retracement Pattern
Facebook (FB) stock price has been in decline since the company reported it’s 1st quarter 2015 earnings results, even though results handily beat the bottom line consensus expectations. Turns out this is not usual price action and might even signal support has been, or close to being, reached. The chart above shows the last two […]
No Small Thing – Financial Review
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW – 7 = 18,060 SPX – 0.64 = 2098 NAS + 5 = 4981 10 YR YLD + .02 = 2.28% OIL – .62 = 60.13 GOLD + 22.10 = 1216.10 SILV + .61 = 17.19 U.S. retail sales were flat in April. Americans went […]
Range Bound Trading
Yesterday’s recovery followed with further highs, but then buyers went AWOL and things settled back to the day’s lows. Rinse and Repeat. The S&P has nestled itself against rising trendline support as today’s action registered as confirmed distribution. Tomorrow, bears will be seeing if they can break the trendline, but I won’t be holding my […]
King Digital Isn’t The One Hit Wonder You Think It Is
King Digital (KING) is set to report first quarter earnings Thursday after the closing bell. The latest installment in King’s flagship franchise, Candy Crush, has performed well resulting in 2 large earnings beats. Even though the new game has been a success in the sense that it’s helped the company top analyst expectations, fundamental growth […]
The History Of Treasury Market Liquidity (And Lack Thereof) In One Chart
While we completely disagree with Credit Suisse about the reasons for the total collapse in bond market liquidity (as readers know we blame the Fed – as does the TBAC – and HFTs, while Credit Suisse accuses regulations, even though banks now hold a record amount of fungible bonds implying that unless bank prop desks […]
Shake Shack (SHAK) Shares Are Sizzling Hot After Beating Q1 Estimates
At the end of Q1, popular burger joint Shake Shack Inc (SHAK – Snapshot Report) silences its critics by beating estimates on all fronts. Earned $0.04 per share and reported revenue of $37.8 million, compared to Wall Street’s estimates of $0.03 per share and revenue of $33.95 million. Shack sales increased 59.2% to $36 million, […]
J.C. Penney Company, Inc. Beats Earnings Estimates, Ups Outlook
J C Penney released the earnings results from its first quarter of fiscal 2015 after closing bell tonight, posting losses of 55 cents per share on $2.86 billion in sales. Analysts had been expecting losses of 80 cents per share and $2.87 billion in revenue. In the same quarter last year, the department store chain […]
Gold Daily And Silver Weekly Charts – The Coiled Spring – To Say ‘No’
Gold and silver spiked higher today on the rather poor economic news that showed little monetary inflation in broad exports and imports, and also showed a slumping retail sales number that could not be blamed on the weather or a port strike. So the dollar slumped, because the reality is that the US is not […]
See No Evil: What We Chose To Ignore In The April Jobs Report
We live in an age where bad economic news is not only unwelcome, but it is routinely overlooked or excused. On the other hand, good news is spotted and trumpeted even when it doesn’t exist. An ideal illustration of this dangerous tendency towards collective selectivity came last week when the markets and the media somehow […]
Calpers Wins Pension Lawsuit, Not Good News For Chicago (Or Bondholders In General)
Judge Rejects Bondholders’ Lawsuit Over Pension Debt In bankruptcy, the federal courts have ruled that cities can reduce pension obligations. They can, but they don’t have to. In Detroit, bondholders were sacrificed to maintain police and fire pensions with minimal haircuts. On Monday, U.S. Bankruptcy Judge Meredith Jury ruled against bondholders in favor of Calpers […]
