Sinclair Broadcast Group – Chart Of The Day
The Chart of the Day belongs to Sinclair Broadcast Group (SBGI). I found the TV broadcasting stock by using Barchart to sort today’s Top Stocks to Own first for the most frequent new highs in the last month, then again for technical buy signals of 80% or better. Since the Trend spotter signaled a buy in 2/9 the stock gained 21.20%. […]
The Rally Has Been Delayed, But Not Cancelled
My Perspective In the past, I have noted that when the metals complex is in a larger bullish posture, I will always look towards the more bullish of the patterns as my primary, because experience has taught me this market often leaves people behind with shallow retracements: “. . . based upon the larger degree […]
Snap Walks Back IPO Gains In Two-day Freefall
Snap Inc. (SNAP) fell double digits Tuesday, marking two days of losses after two days of gains as investors and analysts grapple with how the newly-public social media company will confront mixed expectations and significant competition. NEW DATA SHOWS USER DECELERATION: Aegis Capital’s Victor Anthony, whose firm initiated Snap with a Hold rating and $22 […]
Do Record Debt And Loan Balances Matter? Not Even Slightly
We live in a non-linear world that is almost always described in linear terms. Though Einstein supposedly said compound interest is the most powerful force in the universe, it rarely is appreciated for what the statement really means. And so the idea of record highs or even just positive numbers have been equated with positive […]
E Today’s Top Trending Stocks – Tuesday, Mar. 7
Lunch is coming to a close and some of the most active stocks have captured the attention of the investment community. Top trending marijuana and CBD-related stocks have seen a recent spike in trading volumes this week. Following statements by Sean Spicer that had negatively impacted the industry, reports surfaced that discussed Jeff Sessions’ […]
Small Caps Slow Morph A Bull Trap
It was another quiet day for most indices, but the Russell 2000 dropped into a potential ‘bull trap’ situation. The Russell 2000 experienced further weakness with a ‘sell’ trigger in the +DI/-DI with Slow Stochastics [39,1] just above the bullish midline – now the last line defense of the net bullish picture for this index. […]
Federal Reserve Bank Of Atlanta’s GDPNow Forecast For Q1 Drops To 1.3 Percent
While the headlines have been all about the Republicans proposed replacement for the Affordable Care Act (aka Obamacare), the Atlanta Fed issued their latest forecast for first quarter GDP, which has been lowered yet again and is now sitting near stall speed at 1.3 percent. The GDPNow model forecast for real GDP growth (seasonally adjusted […]
USD: Sideways As March Hike Mostly Already Priced In – Barclays
Is the rate hike coming on March 15th already priced in? That is the view from Barclays: Here is their view, courtesy of eFXnews: We see limited scope for the USD to continue going up this week, as markets are already largely pricing in a March hike. Fed fund futures discount a 90% probability of a 25bp […]
H&R Block Inc. Shares Surge Following Market-Beating Q4 Results
Written by StockNews.com H&R Block Inc. (NYSE: HRB) late Tuesday [Mar 7, 2017 | 4:29pm] posted a less than expected net loss for the fiscal third quarter, along with much higher than anticipated revenue, sending its shares soaring in aftermarket trading.
