An utter VIXnado (below 12.25 in the last 30 mins) sparked a late-day buying panic in stocks ahead of tomorrow’s all-hopeful ECB meeting (because nothing makes more sense than lifting all protection ahead of a potentially massive market event) although the last few minutes closed weak. On the day high beta Trannies (despite higher oil)…
U.S. banks are starting to look a lot better as the risk of yet another economic slump has gradually abated and the ability to endure pressures from the operating environment has improved. Adding to these are the tailwinds from sustained GDP growth and reduction in unemployment. Further, although the prevailing low interest rate environment curbs…
MOJO Wave Theory is a great demonstration and lesson on how to Day Trade the opening of the stock market. Most traders will tell you not to trade the open and to wait, but this video shows you otherwise. Video length 00:12:09
Gold and silver were treading water most of the day, holding their levels at key support and resistance, within the continuing chart patterns of lower highs and lower lows. It will take a breakout to change this long bear market. That sharp V bottom and recovery we just saw *might* be bottom with a capitulation,…
Forget about fooling Mother Nature, just ignoring her puts you at certain peril even when you’re talking about an economy. So says this week’s guest Jamie Brown Hanson, Ellen’s daughter, an international researcher who studies bio-mimicry to understand how economic sustainability can be derived and adapted from ancient systems of nature: if systems don’t conform to those laws, they…
As the Euro and Yen continue to drop in value (3-ply toilet paper; 2-ply; 1-ply………) it seems that the US dollar is indomitable. Maybe. All the same, looking at FXE (the ETF representing the EUR/USD cross-rate), we’re getting awfully close to major support. I confess, I’m not confident enough to put money behind it, particularly with the ECB press…
“All we say to America, is ‘be true to what you say on paper.’” Martin Luther King, last speech, 3 April 1968 Stocks had a light upward bias today with the SP futures leading the way against some broader divergences. There is a theme I struck over the last day or two, which I would like to…
For all the talk of gold sinking remorselessly to $1,000 an ounce, the metal has risen to $1,200 per ounce and has held its ground. Have we seen the bottom? Money managers Doug Loud and Jeff Mosseri of Greystone Asset Management say that if we haven’t seen the bottom, we will soon. In this interview…
PVH Corporation’s (PVH – Analyst Report) third-quarter adjusted earnings of $2.56 per share not only came ahead of its own guidance range of $2.45–$2.50 but also the Zacks Consensus Estimate of $2.48 per share. Moreover, the company’s adjusted earnings were nearly 11% higher than the year-ago comparable period figure of $2.30 per share. Pvh Corp – Earnings…
Leading analog semiconductor manufacturer Avago Technologies Limited (AVGO – Analyst Report) recorded strong fourth-quarter fiscal 2014 results (ended Nov 2, 2014) with substantial year-over-year improvements in revenue and recurring earnings on the back of accretive LSI Corporation and PLX Technology Inc. acquisitions. This is the first full quarter in which Avago and PLX operated as a combined entity after…
