The stock of L Brands (LB), the parent of Victoria Secret’s and Bath & Body Works, was trading sharply lower after a disappointing April sales release. Reported sales were in line with 2018 full year guidance, with net sales up 4% YoY and comparable sales up 3% YoY after adjustment for the earlier Easter holiday. By brands,…
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After four months of bearish activity, it appears the recent correction may be ending. It’s a bit early to declare total victory over the bears, but the evidence provided by the charts and technicals looks bullish. Naturally, a tweet storm or geopolitical messiness could unhinge the market, but we must live with that uncertainty. Charts and…
ALACHUA, Fla., May 14, 2018 (GLOBE NEWSWIRE) — AxoGen, Inc. (Nasdaq:AXGN), a global leader in developing and marketing innovative surgical solutions for peripheral nerves, today announced the closing of its previously announced underwritten public offering of 3,450,000 shares of its common stock, at a price to the public of $41.00 per share. The number of…
Well, everything’s green again this morning (except, mercifully, for bonds). Crude oil has been particularly strong for many months now, and I wanted to point out an interesting little tidbit. If you glance at the ETF symbol USO, which is a very popular instrument for trading crude oil, you will see its price gap is…
Since 1981, interest rates have been in a falling trend. Last week, we said this trend will continue, and the present blip up in rates is just a correction. We did not argue technical analysis, nor quantity of dollars, nor the general price level. Instead, we asked a question: …It seems obvious that if one wishes…
Technically speaking, the USD/CAD has been in a downtrend in a 4h timeframe, but at this point, it is looking a bit supported. The pair has formed two POC zones. The POC 1 1.2705-1.2720 ( W L3, 61.8, M L3, right shoulder) is the interim support zone and the bounce is expected as long as…
The euro is beginning this week with a four-week slide in tow. It has depreciated in eight of the past ten weeks. It fell in only three months in 2017 and has already fallen two this year. Nearly halfway through May, the euro is off almost a cent. Widening interest rate differentials have some explanatory power….
BTC/USD Bitcoin The bullish flag pattern we talked about last time did not work out as expected. Bitcoin price has tried to break upwards but pulled back towards the 38% Fibonacci retracement support of the latest rise. As long as we are above the 61.8% Fibonacci level I remain optimistic for a new cycle high…
Last week, the GBP/USD pair – commonly known as the cable – was little changed. This came as the data on the US inflation missed analysts’ consensus and as the ongoing political problems in the UK continued. In the former, data from the labor department showed that the country’s consumer prices for April rose at…
