Monthly Archives: December 2015

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When Twitter (TWTR) co-founder Jack Dorsey came back on as CEO, he vowed to make some drastic changes to get Twitter back on track. Last week, the company announced its testing one of those changes: a non-chronological timeline. “You will see us continue to question our reverse chronological timeline, and all the work it takes…

T2108 Update – The S&P 500 Makes A Power Move

(T2108 measures the percentage of stocks trading above their respective 40-day moving averages [DMAs]. It helps to identify extremes in market sentiment that are likely to reverse. To learn more about it, see my T2108 Resource Page. You can follow real-time T2108 commentary on twitter using the #T2108 hashtag. T2108-related trades and other trades are occasionally posted on…

USD/JPY Forms A Hammer

The USD/JPY pair initially fell during the course of the day on Wednesday, but found enough support near the 121.25 level to turn things around and bounce much higher. This isn’t much of a surprise though, because the FOMC Statement came out during the day, and the USD/JPY pair is highly sensitive to the employment…

The State Of The Eurozone Recovery

Mario Draghi and the European Central Bank are scrambling to put the Eurozone back together, but is it helping? The recent move by the central bank included another deposit rate cut from -0.2% to -0.3%, meaning banks get charged -0.3% to hold their cash overnight; a six-month extension of the 60 billion euro per month…

How Long Does The Stable Market Last?

Video Length: 00:07:26 We have seen the S&P500 toggle around the 2100 level for over a year.As an economist, I call this a ‘stable’ stock market.One day, or period of days, the major indexes fall apart. Then, the optimism on a forward look returns, and the major indexes rise back towards 2100.How long can this…

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On Wednesday Arry Biopharma (ARRY) reported positive phase 3 results in patients with NRAS-mutant Melanoma. This phase 3 trial was known as the NEMO trial, which recruited 402 patients in total. The primary endpoint of the trial was to determine Progression-free Survival — PFS. There are no other FDA approved drugs used to treat this…

Is GoPro Stock Dead, Or A Deal?

Video Length: 00:07:10 Tracey Ryniec and David Bartosiak, Stock Strategists at Zacks Investment Research, discuss the future of GoPro Inc. (GPRO – Analyst Report) after the shares of the sports camera company have plunged this year.   At one time the darling of tech investors, the sell-off has been severe. David says the stock doesn’t look good…

EUR/USD Tries To Rally But Falls

During the session on Wednesday, the EUR/USD pair initially tried to rally but found more than enough resistance of the 1.10 level to turn things around and fall. That being said, we are still within the previous consolidation area, which have the buyers entering the market at the 1.08 level, and the sellers enter the…