The daily bar chart for the SOXS shows its breaking out above the neckline this morning with a gap. Monday we took our initial small position on the breakout from the daily line chart which gave us an earlier breakout vs the bar chart. I’m going to add another 250 shares at the market at…
No change is expected for US retail sales in tomorrow’s January report vs. the previous month, according to The Capital Spectator’s average point forecast for several econometric estimates. The average prediction marks a slight improvement vs. the fractional decline posted in the previous month. The Capital Spectator’s average forecast for January is at the low…
No change is expected for US retail sales in tomorrow’s January report vs. the previous month, according to The Capital Spectator’s average point forecast for several econometric estimates. The average prediction marks a slight improvement vs. the fractional decline posted in the previous month. The Capital Spectator’s average forecast for January is at the low…
Going into Pandora Media (NYSE:P) earnings on Thursday, 11th Feb, after the market close, I feel fairly confident that the commentary on user retention metrics will be the most important earnings theme coming out of the Q4’15 call. For the most part, the company has exhibited fairly stellar growth through FY’15 as a result of a 30%…
Photo Credit: Wolfgang Staudt Wynn Resorts (WYNN) – Consumer Discretionary – Hotels, Restaurants, & Leisure | Reports February 8, After Market Close Wynn Resorts, the developer and operator of luxury hotels and casinos, is scheduled to report Q4 2015 earnings February 11, after the market closes. The company currently operates in Las Vegas and China’s mainland peninsula,…
I bought PayPal (PYPL) yesterday. Wanted to buy this great company for a long time, but didn’t like the price. Now it looks like the price is OK. Doesn’t mean it can’t go lower, nothing is certain. But fast growing company, part of internet financial revolution, trading at less that 20 future P/E and PEG…
First it was Goldman confirming that when it comes to penning “investment theses”, all Wall Street knows how to do is jump on a momentum bandwagon, when it said overnight that there’s scope for gold prices to “extend much higher over time.” Now it’s Bank of America’s turn. Here is the latest chart magic from BofA’s technical…
Technical Outlook: Overnight futures are failing hard and fast. There is some pumping of USD/JPY currency pair that has lifted futures off the lows this morning, but still looking at a heavy downward move at the open. Oil sinking again, hard and fast, below $27, and could even see the $25’s at some point today….
Yesterday the Labor Department released data from its December Job Openings and Labor Turnover Survey (JOLTS). One of the items that got lots of attention was a rise in the quit rate to its highest level of the recovery. In fact, it is now pretty much back to pre-recession levels. (This is especially true of workers in the public…
This morning, silver prices breached Monday’s high of $15.47, which triggered yet another round of buying. The plunge of the DAX 30, FTSE 100, and USDJPY triggered the move higher in silver, as traders began to sell stocks for the safe haven of silver and gold. With the breach to Monday’s high of $15.47, silver prices have reached my $16.63 target set earlier this…
