Summing up Mainstream media today… Where to start… Bonds – Good! Stocks – Bad! Commodities – Ugly! * * * Everything was red in equity index land today… Trannies worst day since January Stocks are all red for the week… Dow is down over 400 points from Monday’s highs back below its…
Bears keep the pressure the on with another around of selling. Markets remain range bound, particularly after July’s sell off and recovery, which confirmed market trading ranges. The S&P finished at its 50-day MA on lighter volume selling. Beyond the 50-day MA next comes the 20-day MA, but neither MA has played as support in…
The Chart of the Day belongs to Imperva (NYSE:IMPV). I found the software development stock by using Barchart to sort today’s All Time High list for the stocks with highest Weighted Alpha then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 6/8 the stock gained 32.75%. Imperva Inc. is engaged in the development…
European indexes were having a lackluster day when the US markets opened. The STOXX 50 index would subsequently close flat with a fractional -0.03% decline. The pre-market release of surprisingly low new jobless claims had little effect on today’s trade. The S&P 500 vacillated for the first hour or so, rising to its modest 0.13%…
With the fall in oil prices I find the relevance of U.S. shale company defaults will grow leading to a panic in junk bonds and bank balance sheets. What goes up – must come down. Thoughts of a Speculator: Turn of the Tide? The question seems more prominent now than ever: do investors ever learn…
AT&T (T) and Pandora Media, Inc. (NYSE:P) Media released their latest earnings reports after closing bell tonight. AT&T posted adjusted earnings of 69 cents per share on revenue of $33.0 billion, a 1.4% year over year increase. Analysts had been expecting earnings of 63 cents per share on $33.04 billion in revenue. In the same…
Starbucks (SBUX – Analyst Report) is easily the most recognizable name in the coffee industry, as it has expanded into almost all parts of the U.S. in addition to portions of the international market. The company has been incredibly successful in its business of purchasing and roasting high-quality whole bean coffees that are sold along with Italian-style espresso…
“The world is a tragedy for those who feel and a comedy for those who think.” Taylor Caldwell, Captains and the Kings It looks like equities are getting set up for another ‘big short.’ It is not quite clear whether we are at full apogee or not yet. If the international situation clears up, there is…
I don’t mean the meaning of life, the universe and everything. I mean why are we in the gold market? This week and especially today, I have seen so many emails, messages, and articles with the same theme. “Woe is me.” Seriously? The price of gold dropped $100 in a couple of months, and it’s like…
