It’s another one of ‘those’ weekends again, but as Bloomberg’s Mark Cudmore notes, anecdotally, FX traders are significantly less excited by the French presidential election than the commentariat (may exacerbate the reaction to any surprise, though it doesn’t increase its likelihood). With options activity at record highs, what should be the game plan for the weekend if…
Honeywell International Inc. (NYSE: HON ) early Friday posted market-beating first quarter profits and revenue, and slightly lifted the low end of its full-year outlook amid solid revenue growth in most of its segments.
When a resistance zone gets tested multiple times it usually breaks. It shouldn’t be long before the Nasdaq breaks through this resistance. After it does it will pull the rest of the market up with it.
Regional and Large banks have done well since the election. Of late they have lagged the broad market and find themselves testing what could be very important support levels. Below looks at regional bank ETF (KRE). KRE has experienced a rally that started in February of 2016. This rally picked up speed following the election…
It happens when inflammatory events (usually political, terror or war related, but also including things like Ebola, Bird Flu and the like) crop up; stocks go down and hysteria starts to build. The mainstream media jump aboard and next thing you know you’ve got people heading for the exits… right into the next bottom. In…
EUR/USD 4 hour In yesterday’s trading, the EUR/USD broke above the 50% Fibonacci retracement level of wave 2 (brown) and continued with a bullish push towards the 61.8% Fib at 1.0775. Price stopped at this Fib level and made a bearish retracement, which is now testing the support trend line (blue) – see 1…
Week 15 of 2017 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. The economically intuitive sectors declined. Analyst Opinion of the Rail Data Note that this week included a holiday whilst the comparable week in 2016 did not. This makes this weeks analysis slightly…
Schlumberger Limited (NYSE: SLB) early Friday posted mixed first quarter earnings results, as the oil & gas industry continues its slow recovery from its biggest decline in history.
KB Home (KBH – Free Report) is riding the wave of strong housing demand in 2017. This Zacks Rank #1 (Strong Buy) is expected to see double digit earnings growth in 2017 as American rush back into home buying. KB Home is one of the largest homebuilders in the United States with developments across the country. It is…
As a popular adage goes, “Rome wasn’t built in a day.” There are times in history when the foundation for an empire was quietly built and the world realized it only later. While we are busy discussing policies ranging from protectionism to immigration in the United States, India quietly laid the foundation for a technology…
