TM Editors’ Note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated – do your own careful due diligence. LightInTheBox (LITB) is an online sales company from the Chinese cohort of online retailers. This one differs from other Chinese e-commerce companies in that it primarily is targeting foreign online shoppers for…
The Cryptocurrency carnage continued this week prices approaching or breaking to fresh yearly lows. While the broader technical picture keeps the focus lower, the declines are now approaching key near-term inflection levels in price. Here are the levels to know in Bitcoin, Ethereum, Ripple and Litecoin heading into the close of March trade. BITCOIN DAILY…
It was a big week for initial jobless claims. Versus economist expectations for 230,000, only 215,000 Americans filed initial claims for jobless benefits during the week of March 23rd. That’s a new cycle low and the lowest since the week of January 26, 1973. If claims drop 2,000 per week lower than their current levels,…
Here is the opening statement from the Department of Labor: Note: This week’s release reflects the annual revision to the weekly unemployment claims seasonal adjustment factors. The seasonal adjustment factors used for the UI Weekly Claims data from 2013 forward, along with the resulting seasonally adjusted values for initial claims and continuing claims, have been revised. In…
Real personal income rose 0.2% in February but real spending is flat. For 2018, real spending is negative. The BEA’s Personal Income and Outlays report for February 2018 is negative for first quarter GDP. Disposable Personal Income (DPI) jumped 0.4 percent in February, but real (inflation-adjusted) DPI rose only 0.2%. Personal Consumption Expenditures (PCE) rose 0.2% but…
Near-term resistance on the S&P 500 Index (SPX) sits at 2632.91 and support at 2585.68…formed by a one-day moving average (mid-point of candle high/low — input source is hl2) of the February 8 & 9 candles, as shown on the daily chart below. Longer-term Andrew’s Pitchfork channel support converges at this month’s low of 2585.38, as shown on the monthly chart below. So, short and long-term moving…
After a sharp post-breakout increase on Monday, we saw even sharper decline during yesterday’s session. Thanks to the currency bears’ attack the euro moved lower against the greenback, which gave the sellers another ally. Will we see EUR/USD under 1.2200 in the coming week? EUR/USD Invalidated Breakout Yesterday, we wrote that currency bears pushed EUR/USD lower…
Although Wall Street had the best start to 2018 in more than three decades, things turned bitter to end the first quarter, with many sectors and stocks entering correction territory from their latest peak. With a day’s trading left, the S&P 500 is down 2.6% and on track for the worst quarter in two and…
Last month, cloud-based accounting and tax giant Intuit (NASDAQ: INTU) reported a strong second quarter that beat analyst estimates. However, its soft outlook is causing analysts to ponder the growth rate question. Intuit’s Financials Founded in 1983, California-based Intuit reported revenue of $5.2 billion in fiscal 2017, growth of 10.3%. It serves 46 million customers…
Many employers provide parking to employees who commute to work, which can be viewed as an untaxed fringe benefit of their jobs. The value of this benefit depends on where the parking is located. If the employer is in a uncongested suburban or rural area, where parking is generally free for everyone, then the value…
