Fall 2017 Snapshot Of Expected Future S&P 500 Earnings
Every three months, we take a snapshot of the expectations for future earnings in the S&P 500 at approximately the midpoint of the current quarter, shortly after most U.S. firms have announced their previous quarter’s earnings. Today’s snapshot of the trailing year earnings per share for the S&P 500 reveals that the stock market’s earnings […]
EUR/USD Elliott Wave Analysis – Thursday, Nov. 16
The bearish trend is present in EUR/USD currency pair, 15 minutes chart. The price of EUR/USD currency pair is going to drop now on a short-term basis to create a bearish Impulse Wave 1 Elliott wave pattern and traders should consider taking a possible sell trading chance. Strong key resistance level is present at 1.1860 […]
British Pound May Fall As US Dollar Gains On BoE, Fed Comments
October’s UK retail sales statistics headline a lackluster data docket in European trading hours. A narrow improvement from the prior month is expected but whatever comes across the wires seems unlikely to mean much for near-term BOE monetary policy, and thereby for the British Pound. Comments from a broad group of BOE officials including Governor Mark Carney at the central bank’s […]
S&P 500 And Nasdaq 100 Forecast – Thursday, Nov. 16
S&P 500 The S&P 500 has fallen a bit during the trading session on Wednesday, as we have broken through the bottom of several hammers. I believe at this point the S&P 500 will probably continue to drift a bit lower, perhaps looking for support near the 2550 handle. That would be a move that […]
The Payment Breakthrough That Could Revolutionize Small Businesses
Fully in the grips of the digital age, it seems safe to say that cash is no longer king. With speed, ease and overall convenience the calls of the day, people are increasingly turning to alternative payment methods, be it credit cards, automatic online transactions or otherwise. The big worry that this presented was that […]
Asian Shares, USD Higher As Wall Street Slips
Wall Street remained under pressure on Wednesday as investors continued to worry about the U.S. tax reforms after two Republicans spoke out against their party’s latest Senate proposal, but that didn’t keep Asian shares and the U.S. dollar from heading higher on Thursday, bolstered by solid economic data out in both Australia and the U.S. […]
EC Above The 40 – A Stock Market That Wants To Drop
AT40 = 41.1% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 51.7% of stocks are trading above their respective 200DMAsVIX = 13.1 (as high as 14.5)Short-term Trading Call: cautiously bullish Commentary The narrowing rally in the stock market has officially resolved into a sell-off. The downward slide is a very slow burn, but the […]
NZD/USD: After The Storm, What’s Next?
The kiwi dollar had a roller-coaster period following the elections. Jacinda Ardern’s ascent to leading the country was accompanied by a big fall in the currency, especially due to the plans to change the RBNZ’s mandate. What’s next? Here are two opinions. Here is their view, courtesy of eFXnews: NZD/USD: Relatively Calm After A Busy Political Month; […]
Sensex Opens In Green; Energy Stocks Gain The Most
Asian stock markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.83% while the Hang Seng is up 0.59%. The Shanghai Composite is trading down by 0.1%. Overnight, US and European markets closed lower. Meanwhile, Indian share markets too have opened the day higher. BSE Sensex is trading higher by 131 points and NSE Nifty is trading higher […]
E Market Briefing For Friday, Nov. 17
Daily action can actually move higher if Oil kicks in; otherwise it’s fits and starts based on nominal stories or earnings (most of which are now behind). Generally this remains a stressed market; which is again how they were able (not surprised) to rally stocks and corner the shorts. I have said so many times […]
