Video length: 00:16:28 Stocks hit a critical juncture today as multiple technical patterns and indicators converge and this key level. Will the market break out to new highs or is this a sucker’s rally? IBM had their earnings announcement after the close and the stock has fallen by 1 standard deviation. Watch this video right…
After years of declining revenues, IBM finally surprised investors last quarter with a revenue increase and numbers that at first blush appeared good, but a deeper look revealed were very seriously massaged (as we disclosed at the time). Now, in its Q1 2018 earnings report, IBM has taken the pro-forma adjustments that it has become so…
In this video, we run through the free weekly email newsletter “The Top 5 Charts of the Week” and add a bit of extra comments and context. In this week’s edition we look at the ‘Stay or Go Indicator’ and what it’s telling us about the US jobs market, then we review the corporate earnings/macro…
Well, as documented (and lampooned) extensively in our week ahead preview, Shinzo Abe arrives at Mar-a-Lago today and Trump is stoked: Getting ready to meet Prime Minister Abe of Japan, a truly fine gentleman! — Donald J. Trump (@realDonaldTrump) April 17, 2018 Here it is: Don’t worry, world. TPP should be renegotiated shortly and the North…
Well, as documented (and lampooned) extensively in our week ahead preview, Shinzo Abe arrives at Mar-a-Lago today and Trump is stoked: Getting ready to meet Prime Minister Abe of Japan, a truly fine gentleman! — Donald J. Trump (@realDonaldTrump) April 17, 2018 Here it is: Don’t worry, world. TPP should be renegotiated shortly and the North…
The market has had a solid seven days of upward price action. Not every day has been ideal or even bullish, but the overall picture has been. And really, price action isn’t even getting carried away – not like what we saw in January. So right now, Syria, North Korea, and the Chinese Tariffs are…
How Many U.S. Dollar Bills Are There in Circulation? When you think about it, the journey of each individual currency note is pretty incredible. After being printed or minted, each bill is then passed between people and businesses to facilitate transactions. If it’s a $1 or $5 bill, it changes hands on average about 110…
Cable spiked to fresh post Brexit highs in early London trade today, but the rally lost its legs after UK Labor data missed its mark. UK Claimant count expanded to 11.6K from 5K eyed while average earnings came in at 2.8% versus 3.0% forecast showing that wage growth remains tepid. The ILO unemployment rate however…
Biotechs Stalled Despite Healthcare Rally Merck Gains on New Keytruda Data-More Clinical Trials Underway to Expand Uses Healthcare and Nasdaq stocks caught bids on Monday with the XLV up 0.79%, but biotechs were in the red (IBB) down 0.68 %. Drug distributors and drugstores rallied on news that Amazon(AMZNAmazon( to sell drugs to hospitals and other businesses. CVS Health (CVS)…
