E Is The Sun Set To Rise On ASTI?
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. In the battered and beaten solar sector, one company is still standing and getting ready to reinvent itself for what could be a very interesting sunrise. Ascent Solar Technology Inc. (ASTI), is going […]
Nasdaq Futures: Impulsive Rally
Nasdaq Futures rally from 2.11.2016 low is unfolding as an Elliott Wave Impulse as we can clearly see three channels in price and momentum (RSI) to support this idea. Wave ((1)) ended at 4919.50 as a diagonal, wave ((2)) ended at 4558.50, wave ((3)) completed at 5907.50 and dip to 5560 completed wave ((4)) on […]
5 Energy Stocks Ready To Beat Earnings This Quarter
Over the last three years, the energy market has experienced intense price volatility. However, it seems that following an extended period of relative weakness, energy stocks are finally on their way to recovery. With crude now back over $50 and natural gas revolving around the pivot point of $3, the panic that swept over the […]
Q3 Earnings Were Hurt By Hurricanes
Q3 Earnings Update This week is when earnings season starts to pick up as Netflix – NFLX headlines the reports. Up until this week, 28 companies in the S&P 500 have reported earnings. Considering the fact that earnings growth is only expected to be 2.1% according to FactSet’s numbers, looking at explanations for why the […]
USD/CHF Testing Make-Or-Break Resistance
USD/CHF Daily Chart Technical Outlook: Earlier this month we highlighted that USD/CHF was heading into a key resistance confluence at 9833 just ahead of the U.S. Non-Farm Payrolls report. The advance reversed sharply after registering a high at 9836 with the pullback rebounding off the 50-line of the ascending pitchfork formation we’ve been tracking off the yearly lows. The advance is once […]
Central Bank Chiefs And Currencies
The market is fickle. It has jumped from one candidate to another as the most likely Fed Chair. Until his belated and mild criticism of the President dealing with race issues, economic adviser Cohn was regarded as the most likely successor to Yellen at the head of the Fed. When Cohn fell out of favor, it […]
Gold: Textbook Pullback In Play
Gold’s recent rally from the $1268 area lows has stalled, and the reasons for that are both fundamental and technical. Double-click to enlarge this daily gold chart. Gold fell about $100 from the $1362 area highs as seasonally soft Chinese buying was accompanied by a collapse in Indian demand. That collapse was caused by the […]
Swing Trading Strategy – Tuesday, October 17
My Swing Trading Approach I’m looking to add some long exposure today, should the market show enough bullishness to support a move. Still maintaining the ability to get short quickly, should the opportunity arise. Indicators VIX – VIX spiked higher by 3.1%, but still trading below 10 currently. T2108 (% of stocks trading below their 40-day moving […]
Survey Highlights Department Store, Apparel Retailers’ Amazon Risk
This morning, Morgan Stanley analyst Kimberly Greenberger told investors that her firm’s latest apparel survey lends support to her belief that Amazon (AMZN) is quickly gaining traction at the expense of department stores and certain specialty retailers. This comes amid reports that Amazon has tapped some of the biggest athletic-apparel suppliers to make a foray […]
