Stock Charts Today – Tuesday, April 17
A review of today’s commodities, stocks, ETFs, stock market indexes and cryptocurrencies. Video Length: 00:08:53
Author Archives: Darren Marchal
Roasted Turkey: Lira, Stocks Dive As Erdogan Considers Calling Ea
Among the many market-related geopolitical stories playing out in the background this week, you’ll find Turkey and the case of the beleaguered lira (more here), which plunged to an all-time low earlier this month amid concerns that Erdogan’s desire to keep juicing the economy is going to make it well nigh impossible for the central bank…
Some Economics For Tax Filing Day
U.S. tax returns and taxes owed for 2017 are due today, April 17. To commemorate, I offer some connections to five posts about federal income taxes from the last few years. Click on the links if you’d like additional discussion and sources for of any of these topics. 1) Should Individual Income Tax Returns be Public…
Higher Range Again
As I suspected in the post I did just before hitting the sack, this morning is a sea of green, worthy of the Beatles. The reason I think this is important is , as the arrows indicate, it suggests to me we have simply re-entered the higher range between 2680 and 2800 within which we had spent…
Energy Stocks Exploring Multi-Year Pennant Breakout
The chart above looks at Oil & Gas Exploration EFT (XOP) over the past 8-years. From 2010 until 2013 it looks to have created a pennant pattern (series of higher lows and lower highs). Once resistance was taken out at (1), buyers came forward and XOP rallied nearly 30% in the next couple of years. Over the…
UnitedHealth (UNH) Q1 Earnings Beat On Higher Revenues
Have you been eager to see how UnitedHealth Group Inc. (UNH – Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this Minnetonka-based major health insurer’s earnings release this morning: An Earnings Beat UnitedHealth came out with earnings of $3.04 per share, which beat the Zacks Consensus Estimate…
Morning Call For Tuesday, April 17
Overnight Markets and News Jun E-mini S&Ps (ESM18 +0.46%) this morning are up +0.47% at a 3-week high on expectations of strong S&P 500 Q1 corporate earnings results. Netflix is up over 7% in pre-market trading after it reported better-than-expected Q1 earnings and forecast a bigger-than expected increase in subscribers for Q2. European stocks are…
Monthly Retail Sales Surge, As Expected And Positioned For
U.S. monthly retail sales reversed a 3-month trend of negative MoM results during the month of March as reported yesterday. Sales at U.S. retailers rose 0.6% in March, the Commerce Department reported Monday. An Easter holiday that fell on the last weekend of the month helped to drive more traffic into stores, though a bout of…
Soaring Interest Rates Are The Biggest Threat To The U.S. Economy
Will U.S. Economy Remain Stable as Interest Rates Soar? Interest rates in the United States are skyrocketing. This could mean a lot of trouble ahead for corporate America and American consumers. Too often, everyone gets boggled by the rates set by the Federal Reserve, the federal funds rate (FFR). It’s the most basic interest rate,…
Goldman Reports Blowout Earnings: Q1 Turmoil Leads To Best Equity
If there is anything the recent reports from money center banks showed, it was the the February volatility surge was a gift to bank equity trading desks, which is why Wall Street was eagerly anticipating this morning’s Goldman Sachs results to see how much the “cleanest” trading desk on Wall Street would benefit from the…