Advanced Micro Devices, Inc. Stock Soars Ahead Of Earnings
AMD stock surged early on Monday, climbing by approximately 2% early despite an ultra-bearish analyst report from one firm. Unfortunately for the chip maker, the number of AMD stock bears is growing simply because its valuation has gotten so high, fueled not only by its own success but also by the overall outperformance of the […]
S&P 500 Retail Sector Ready To Move Higher
This week’s Chart of the Week features the XRT ETF (S&P 500 retail sector) and its potential to break out to the upside. From a technical perspective, it appears that the $40 level of support for XRT has held very well and the RSI is indicating that a bottom was formed last week. Over the last couple […]
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY – Oct. 23
Here below is this week’s wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts. EUR/USD The EUR/USD is testing the support trendline (blue). A bearish candle makes a bullish ABC (purple) unlikely and a bearish ABC (grey) within a larger wave 4 (light purple) more probable. Daily chart: The EUR/USD correction […]
USD/JPY: How To Trade Fed Chair Nomination – Credit Agricole
John Taylor, Jerome Powell and also incumbent Janet Yellen are the final candidates to lead the Federal Reserve. With Trump being Trump, he keeps the tension high, like in his reality shows. This provides room for volatility. How can this be traded? Here is the view from Credit Agricole Here is their view, courtesy of […]
Lennox International Reports Record Third-Quarter Revenue And Profit
Lennox International Inc. (NYSE: LII) today reported record revenue and profit results for the third quarter of 2017. Q3 FINANCIAL HIGHLIGHTS Revenue: UP 4% to a third-quarter record $1.052 billion. Foreign exchange was a 1 percentage point benefit to revenue growth. Volume and price were up. Mix was unfavorable in the quarter. Gross Profit: UP […]
The Land Of The Falling JPY Aligns With Big Test For US Economy: SW Report
JPY drops past 114 per USD after victory helps validate view of gov’t supported JPY weakness NZD remains weak on new government formation that has similar ideology of Japan IGCS favors keeping an eye on further EUR strength against weaker FX (e.g., JPY, NZD, CAD) A stubborn block of JPY strength was removed from the market on Sunday. The broadly expected victory by Japanese […]
Why Governments Will Not Ban Bitcoin
Those who see governments banning ownership of bitcoin are ignoring the political power and influence of those who are snapping up most of the bitcoin. To really understand an asset, we have to examine not just the asset itself but who owns it, and who can afford to own it. These attributes will illuminate the political and financial […]
Kimberly-Clark Reports Q3 2017 Results And Confirms Previous Guidance
Kimberly-Clark Corporation (NYSE: KMB) today reported third quarter 2017 results and confirmed its previous guidance for full-year 2017 net sales and earnings per share. With brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depends, Kimberly-Clark holds No. 1 or No. 2 share positions in 80 of the 175+ countries their products are sold in. Third Quarter […]
Is A Taylor Tantrum On The Horizon?
Back in 2013 bond markets were jolted by the potential that the Fed would unwind its balance sheet more quickly than previously believed. The basic thinking was that QE puts downward pressure on interest rates so unwinding QE will put upward pressure on interest rates. That isn’t quite what happened, but markets are gonna market. […]
