Small Caps Accelerate Losses
A mixed day with most indices experiencing minimal change. The only index to come out feeling blue was the Russell 2000. Yesterday’s selling confirmed a ‘bull trap’ and today saw some follow through with sellers continuing to pressure. The next rally will be critical; will it be attacked shorts? Or will bulls breeze past 1,414? […]
China Trade Skews
Chinese trade figures for the month of February 2017 were decidedly mixed. On the import side, total trade rose by 38.1% from February 2016. That latter month, however, was one of the lowest trade figures in years (the first time imports had added up to less than $100 billion in any month going back to […]
Tailored Brands Inc. Posts Disastrous Q4 Earnings & 2017 Guidance
Written by StockNews.com Tailored Brands Inc. (NYSE: TLRD) late Wednesday [Mar 8, 2017 | 4:28pm] posted extremely weak earnings and offered a much lower than anticipated outlook for 2017, sending its shares plunging as much as 26% in aftermarket trading.
Stocks And Precious Metals Charts – The Vain And The Inglorious
Stocks were mixed today, with big tech attempting to rally while the broader markets were sluggish. Traders were impressed with the print on new jobs added in a report from ADP this morning. I had thought that ADP was obtaining their numbers from actual data from their payroll services business. Instead, I find from reading this […]
Daily Trading Opportunities For Thursday, Mar. 9
We get an interest rate decision coming out of the ECB, but more importantly, is the conference afterwards. We also get the ADP Nonfarm Payroll numbers in the United States, and thus it’s likely that we will get a bit of volatility during the day. EUR/USD The EUR/USD pair fell a bit during the day […]
5 Stocks To Watch That Report Earnings Thursday, Mar. 9
Ulta Beauty (ULTA): Many investors hold Ulta in high regards due to a track recorded extending of topping analyst’s top and bottom line targets. The cosmetics company delivered at least 20% growth in each of the past 8 quarters with double digit gains in key same store sales metrics. When you factor in that similar businesses […]
Stocks: Just A Little Rest
Every great story on the planet happened when someone decided not to give up, but kept going no matter what.” ― Spryte Loriano A little correction is fine as stocks need to rest. They cannot sprint or run everyday without burning out so this slow jog, and rest, is great action which will allow this […]
T2108 Chart Indicating Sell-Off Once Again
It is always concerning to me when the T2108 Chart starts diverging from the market For those of you not familiar with the indicator, the T2108 chart measures the percentage of stocks that are trading above their 40-day moving average. Typically in a very healthy market where it is consistently making higher highs and higher […]
Hedge Funds Are Still Wary Of Financial Stocks
Since the beginning of November, financial stocks have been in demand as bond yields push higher thanks to raised inflation and growth expectations. In an attempt to profit from this trend, hedge funds have rotated away from tech into financials according to recent 13 F filings. However, according to research from Goldman Sachs, this rotation is […]
