My Swing Trading Approach Looking to increase my stop-loss on my profitable positions today, while adding 1-2 new long positions. Indicators VIX – Continues to decay off of those highs reached last Wednesday. Dropped 6.8% down to 10.65. I expect we’ll see sub-10 again very soon. T2108 (% of stocks trading below their 40-day moving average): Day…
Recently I have indicated I see a lot of problems in asset markets despite the economic acceleration in Europe, Japan, and the US. For example, there is a liquidity mismatch in high yield bond and leveraged loan markets and technology shares are priced for perfection. Commercial real estate is also a problem that I want to highlight briefly…
Just last Wednesday we noted that stock markets around the world were trending lower and in many cases moving into oversold territory. Just six days later, it appears to be smooth sailing again as most countries have bounced back in a big way. Below is our Country ETF Trading Range screen, which highlights where 30 of the…
When it comes to Wall Street cheerleaders, Tesla has few closer friends than Morgan Stanley’s Adam Jonas (current price target of $379). To be sure, the relationship cuts both ways, with Jonas relentless enthusiasm ‘for the EV maker granting Morgan Stanley a reserved spot for any future debt, convert and equity underwriting, as well as…
Existing home sales rose 2% in October yet remain 0.9% below the level reached in October 2016. Mortgage News Daily reports Existing Home Sales Erase Summertime Losses. For the second straight month the National Association of Realtors® (NAR) is reporting that sales of previously owned homes increased, this time by 2.0 percent. Single-family houses, townhouses, condos,…
ETH/USD Daily Chart Technical Outlook: We’ve been tracking this rally in Ethereum prices since the breach above the November opening range earlier in the month with the advance already taking out initial targets at 350 & 362. Critical topside resistance objectives are eyed at the high-day close at 385 backed by the record high at 405. Interim support now rests back…
TOWNSHIP OF WASHINGTON, N.J., Nov. 21, 2017 (GLOBE NEWSWIRE) — Oritani Financial Corp. (the “Company” or “Oritani”) (Nasdaq:ORIT), the holding company for Oritani Bank (the “Bank”) announced that its Board of Directors has declared a special cash dividend of $0.45 per share on the Company’s common stock.The record date for the dividend will be December…
We were among the first ones to warn about the Banking Recovery and Resolution Directive (BRRD), which allows a failing bank to use its clients’ accounts for a bail-in. Any time this was – rarely – mentioned in the media, either the banker or someone from a regulatory agency would say there was nothing to worry…
On Tuesday before the market opened, shares of Lowe’s (LOW) took a dive following news that COO Rick Damron will retire in February despite posting profits. The company said that Richard Maltsbarger, current chief development officer, will take his place. LOW posted adjusted third quarter earnings per share of $1.05 on $16.77 billion in sales while analysts…
