Anyone that follows the market has likely been watching the downtrend that the S&P 500 has been in since the January highs. While the index has repeatedly bounced off of support at the 200-day moving average (DMA), the 50-DMA has been a tough hurdle. In recent weeks we’ve seen rallies fail just as prices have approached…
US DOLLAR FINDS RESISTANCE AHEAD OF TOMORROW’S CPI RELEASE The surging trend in the US Dollar has started to show some element of resistance after what’s become an aggressively bullish past three weeks. As we traded into mid-April, the US Dollar held a range near long-term support, and that theme lasted even through last month’s US CPI data….
US DOLLAR FINDS RESISTANCE AHEAD OF TOMORROW’S CPI RELEASE The surging trend in the US Dollar has started to show some element of resistance after what’s become an aggressively bullish past three weeks. As we traded into mid-April, the US Dollar held a range near long-term support, and that theme lasted even through last month’s US CPI data….
Current sharp turn down from around 1.3000 region can be the first evidence of a completed five-wave recovery, and for a new three-wave pause to be in progress. As such we think first wave a can be underway, which can later be followed by waves b and c. Support for the whole three-wave correction may…
Anheuser-Busch InBev SA/NV (BUD – Free Report), alias AB InBev, reported first-quarter 2018 results, wherein earnings lagged estimates while sales topped. This marked the company’s return to the negative earnings surprise trend, after recording a beat in the preceding quarter. With this, the company delivered negative earnings surprise in eight of the last nine quarters. Moreover, revenues surpassed…
We’ve updated our monthly workforce analysis to include last week’s Employment Report for April. The unemployment rate dropped to 3.9%, and the number of new nonfarm jobs (a relatively volatile number subject to extensive revisions) came in at 164K. The Unemployment Rate The closely watched headline unemployment rate is a calculation of the percentage of the Civilian…
If you’ve ever read up on Social Security retirement benefits, you’ve likely come across a number called the Primary Insurance Amount, or PIA. So just what is PIA? I mean, besides the airport designation for the General Wayne A. Downing, Peoria (IL) International Airport? Primary Insurance Amount – PIA The Primary Insurance Amount (PIA) is…
We’ve got 3 stocks for you today that our team is bullish on — Cameco Corporation (CCJ), Fiat Chrysler (FCAU), and Yatra.com (YTRA). Cameco Corporation (CCJ) is one of the largest uranium producers in the world, which makes it a great way to play the coming rebound in the uranium market. Back in 2011, the Fukushima…
The Producer Price Index year-over-year inflation declined from 3.0 % to 2.6 %. Analyst Opinion of Producer Prices The Producer Price Index declined year-over-year. Food prices did moderate. Here is what the BLS said in part: A major factor in the April advance in prices for final demand services was the index for machinery, equipment,…
Walmart (WMT) announced it has signed definitive agreements to become the largest shareholder in Flipkart Group. The investment will help accelerate Flipkart’s customer-focused mission to transform commerce in India through technology and underscores Walmart’s commitment to sustained job creation and investment in India, the company said. Subject to regulatory approval in India, Walmart will pay…
