Macquarie made a recent statement about the current commodity blood bath.. “Unequivocally, the last 12 months has seen one of the biggest commodity sell-offs outside a global economic recession in history.” As a trader of commodities one might assume this has been the worst period…however 2011,2012 and 2013 were actually one of the toughest. Compounding…
Today the Institute for Supply Management published its latest Non-Manufacturing Report. The headline NMI Composite Index is at 60.3 percent, up 4.3 percent from last month’s 56 percent.Today’s number came in above the Investing.com forecast of 56.2 percent. Here is the report summary: “The NMI® registered 60.3 percent in July, 4.3 percentage points higher than the June reading…
(Photo Credit: Essi Wellenius) Michael Kors (KORS) will report it’s FQ1 ’16 results tomorrow morning and from examining the recent stocks price action, expectations are low for Michael Kors. Michael Kors has continued to disappoint investors this year, year-to-date (YTD) the stock has collapsed over -47% compared to the broader S&P 500 which has risen 2.49%. The…
With an improving economy and an accelerating job market, the prospect of interest rates hike is moving closer despite global growth concerns. The Fed indicated its confidence in the economy in the latest FOMC meeting and confirmed that it is on track to raise the interest rates for the first time since 2006, sometime later…
The trading range is defined by our Daily Bearish Reversals at 1080 below and 1109 above. The Energy Models are improving and the closing outside of this range will signal what we are getting into September. Even technical analysis on the monthly level stands at 1104 for August, so the technicals are confirming the Reversals…
Want to sell short a maker of overpriced preppy clothes created by cheap labor? Look no further than Ralph Lauren, my friend. A topping pattern for the ages:
On April 10, 2006, Mexican authorities searched through a DC-9 jet at the airport in Ciudad del Carmen. They found more than five tons of cocaine… valued at more than $100 million. If you’re like many Americans, you’re not surprised by a story like this. Not a year goes by without a few big media…
The recent trickle of bad news has become a torrent. From just the past couple of days: Eurozone retail sales fall sharply in June (MarketWatch) – Retail sales in the eurozone fell more sharply than expected in June, a fresh sign that the currency area’s economic recovery remains too weak to quickly bring down very…
Biocept, Inc. (BIOC) today announced the launch of a new liquid biopsy diagnostic test for colorectal cancer. Biocept is a pharmaceutical company focused on developing and commercializing liquid biopsies to improve the detection of many cancers. The company launched its proprietary quantitative Target Selector Assay targeting KRAS mutations using a patient’s blood sample. What makes Biocept’s…
Video Length: 00:02:16 During the session on Wednesday, the market could be fairly volatile, basically because of a plethora of announcements. We have the ADP Nonfarm Payroll Numbers coming out of America, which of course can move the US stock market. We also have Crude Well Inventories, which of course can have an effect on…
