Da Utes Break Da Wedge The Utilities index was shown for subscribers in NFTRH 334 before it had broken out of its bullish looking Wedge. The index had drifted down to support and if one was bullish on T bonds (bearish on interest rates) one might take a trade on a Utes bounce or rebound. …
Here is our top down perspective for Brent Oil (Cash Market) with plain candle charts to understand the big picture in a simple way and to identify the path of least resistance. As usual, we will start out with the monthly timeframe periodicity. With looking at this timeframe, we can actually see that the market…
The three-month average of the Chicago Fed National Activity Index (CFNAI) is expected to decelerate to a +0.05 reading in the February update that’s scheduled for Monday (Mar. 23), based on The Capital Spectator’s median point forecast for several econometric estimates. The projection is moderately below the +0.33 reading for January, which reflected a strong…
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. – CriticalControl Solutions is the only company out there offering a pure cloud-based software solution for the oil & gas industry (think first-mover advantage here). – This software company reported $50.9 million in…
Despite facing intense currency headwinds, Nike Inc. (NKE – Analyst Report) posted solid third-quarter fiscal 2015 results, leading shares of the company to jump 4.5% in yesterday’s after-hours trading session. The company’s quarterly earnings of 89 cents per share surged 18.7% year over year and surpassed the Zacks Consensus Estimate of 84 cents. The bottom line was driven by…
CLICK ON CHART TO ENLARGE Each week we share our favorite Patterns in the 9-key sectors of the S&P 500. We look at them from two different angles; what sectors are breaking out, and what sectors are out of favor and creating a pattern where a reversal could take place. The above table is sent…
Up up and away! Not only is the Nasdaq popping back over 5,000 today but the Dow is back over 18,000 in the Futures and the Russell is already flying over 1,250 – well past the previous all-time high of 1,243 that was set on the first day of March. As we’ve noted earlier in…
Darden Restaurants, Inc. (DRI) is one of the largest casual dining restaurant operators. In order to boost the performance of its brands, the company is implementing a set of initiatives under its Brand Renaissance Plan. Also, the company has laid down an aggressive cost management plan, under which it has been able to significantly reduce…
I was having lunch with a very dear friend of mine yesterday, who is also a very successful financial planner and advisor, who stunned me with an obvious question: “Has the dumb money become the smart money?” What we were discussing is that, collectively, the majority of the conversations that we were having with our clients…
