The shares of Qlik Technologies (QLIK) are jumping after Reuters reported that the company had retained Morgan Stanley to explore strategic alternatives, including a possible sale of the company. In notes to investors, research firms SunTrust and RBC Capital wrote that several entities could look to buy Qlik, which develops business intelligence products. WHAT’S NEW:…
This morning I deleted Spark Energy (NASDAQ:SPKE) from the my portfolio for negative price momentum. Barchart technical indicators: 72% technical sell signal Trend Spotter sell signal Below its 20, 50 and 100 day moving averages 24.48% off its recent high Relative Strength Index 35.15% Recently traded at 21.04 which is below its 50 day moving average of 24.18
With all the talk of negative interest rates, we have to determine why they are considered so important. They are obviously very important to bankers, economists and central bankers. This article is not an attempt to encourage these folks because of the danger of cashless regulations once a negative regime is put into place. But…
This Great Graphic, created on Bloomberg, depicts the CRB Index, a basket of commodity prices. The technical picture has deteriorated, and the price action in the coming sessions is particularly important in determining outlook. The CRB Index put in a double bottom. On January 20 and February 11 lows were set just below 155.00. The neckline…
American Express (NYSE:AXP) once meant something special in the markets, to both merchants and customers. It meant quality and low chargebacks. It meant a high-income, free-spending audience of cardholders who paid their bills on time. American Express wasn’t a credit card. It was a “travel and entertainment” card through which corporations maintained control over selling expenses. flickr…
WTI Crude Oil The WTI Crude Oil market tested the $38 level on Thursday, and then bounced enough to form a hammer. With the markets being close on Good Friday we didn’t get any action, but at the end of the day it still suggests that we are going to bounce from here and perhaps…
The sugar price has traded exactly as outlined in analysis titled, Sugar Technical Outlook, produced back in September 2015 and has seen price increase by just over 50%. That analysis outlined the expectation for price to trade up to around the $16.25 level. Price just hit a high of $16.75 before reversing back down impulsively….
With the monetary metal popping by a couple hundred bucks an ounce in 2016 people are coming out of the woodwork to advise us about its vast upside and on the other side of the spectrum, its dangers. I have done a lot of bitching and moaning about gold’s promoters and bashers alike, because they…
This has been the constant theme for the entirety of this new year and it continued again this past week in the Oil markets. Here is a breakdown of the LARGE SPECS positions. The hedge funds have covered a whopping 136,500 short positions since the start of the year bringing their outstanding short positioning to…
Russia knows the game that the Western financial elites are playing. They know about the fiat Ponzi scheme that the US government is involved in and in control of through their entitlement as the reserve currency of the world. They know this, which is exactly why they continue to invest in precious metals, predominately gold….
