Timeless Lessons From The Grandfather Of Modern Trading
We often like to refer back to one of the all-time greatest books about trading, Reminscences of a Stock Operator by Edwin Lefevre. This book was originally published in 1923 and is basically a biography of the famous trader Jesse Livermore. There are also other Livermore books out there if you are so inclined. If you are […]
Today’s Market Analysis & Trading Opportunities – May 19, 2015
Video Length: 00:02:12 1 – Looking at the EUR/USD pair, we believe that this market continues offer call buying opportunities every time we pullback. In the meantime though, we also recognize that the 1.15 level above is massively resistive, so we need to build up momentum to break out finally. We do believe that’s going to happen […]
Tuesday: Euro Drops 1.5% As ECB Promises More Free Money
Bad news is great news! The Greek talks have stalled, England’s CPI is deflating, German GDP slipped to 0.3% in Q1 and German Investor Sentiment (ZEW) dove to a 5-month low, dropping over 20% in one month to 41.9. That and collapsing bond prices were the last straw for the ECB, who announced this morning they would “front-load” […]
Dick’s Sporting Goods (DKS) Misses On Q1 Earnings, Sales In Line
Dick’s Sporting Goods, Inc. (DKS – Analyst Report), the sporting goods retailer, came out with first-quarter fiscal 2015 results, with adjusted earnings of 50 cents per share missing the Zacks Consensus Estimate of 53 cents. Moreover, the bottom line slumped 25.4% from 67 cents a share earned in the year-ago quarter. On a GAAP basis, quarterly earnings per […]
US Dollar Updated – May 19, 2015
Uncle Buck resides right at the corner of Bull and Bear where commodities and certain global markets are concerned. As noted yesterday, my stance is neutral on Unc short-term, but bullish long-term. The question is, does the reviled Euro have more bounce in it or not? On the live weekly chart USD is up this […]
Oppenheimer Bearish On GoPro, Inc. Due To Fears Of Smart Phone Takeover
Action camera company, GoPro’s (NASDAQ: GPRO) easy to use high-definition cameras gained popularity among extreme sports athletes when it first launched in 2004. GoPros soon became the “must-have” action camera throughout the general public after the company released its IPO starting at $24 per share in June of 2014. GoPro shares reached a 52-week high of […]
A Strong Rebound For U.S. Housing Construction In April
Home-building activity in the US rebounded sharply in April, the US Census Bureau reports. After two months of weakness, housing starts revived to 1.135 million units in seasonally adjusted annualized terms. The 20.2% increase in April is the strongest monthly gain since the early 1990s, pushing the number of newly built units to a new post-recession high. […]
Using IPS To Deliver A Superior Standard Of Care
It was inspiring to read Louis Harvey’s (head of Dalbar) article “Using IPS to Deliver a Superior Standard of Care” yesterday because it highlighted the need to take a more active approach to asset allocation (and investment oversight). Here is the article A Prudent IPS Will Chart Prevailing Conditions The investment policy is the […]
Housing Starts And Permits Surge Most In Seven Years
In one of the few economic bright spots recently, housing starts surged beating Bloomberg Consensus Estimates. Highlights There were hardly any indications before today, but the spring housing surge is here. Today’s housing starts & permits report is one of the very strongest on record with starts soaring 20.2 percent in April to a much higher-than-expected […]
Wal-Mart (WMT) Posts In-Line Q1 Earnings; Revenue Lags
Wal-Mart Stores, Inc. (WMT – Analyst Report) is a multinational retailer that runs large department stores and warehouse store chains. The company has more than 11,000 stores in 27 countries. Wal-Mart’s earnings have started improving on the back of positive comps at Wal-Mart U.S. and improved performances in Sam’s Club and the international business, after several weak quarters […]
