Finance

S&P 500: Short-term Outlook 16 December 2014

by Erik McCurdy, Prometheus Market Insight Technical Analysis The index closed moderately lower yesterday (Tuesday 16 December 2014), retreating further from recent highs of the cyclical bull market from 2009 and moving below congestion support in the 1,980 area. Technical indicators are extremely bearish overall, strongly favoring a continuation of the decline from last week.  …

Market Selling Intensifies

It ended up a roller coaster ride with markets rallying, then suffering losses to return indices to their lows. Volume rose in confirmed distribution, and many indices now sit inside Fib retracement levels – a good place to launch a relief bounce. The S&P finished just a few points above the 50% Fib level, with…

TPI Expects To Receive GMP By End Of 2014; NVIV Reports FDA Appro

Tianyin Pharmaceutical Co., Inc. (NYSE MKT: TPI), a pharmaceutical company that specializes in patented biopharmaceutical, modernized traditional Chinese medicine (mTCM), branded generics and active pharmaceutical ingredients (API) updates it expects to receive the formal Good Manufacturing Practice (GMP) certificate for its Qionglai Facility’s (QLF) from the China Food & Drug Administration’s (CFDA) by the end…

Today’s Close – What Does It Mean?

The S&P 500 closed below 1980 today or the first Fibonacci retracement level described in this week’svideo (see clip). Does a close below 1980 mean it’s game over for the bulls? No, it is not unusual for a rally to retrace to the other Fibonacci levels above (1950, 1919). However, the deterioration in the market’s…

Bull Of The Day: Ambarella Inc

Ambarella Inc. (AMBA – Snapshot Report) has seen its estimates increase due to higher than expected new product sales, specifically the GoPro Hero4 sports camera.  Further, new opportunities in drones and wearable cameras along with a solid foothold in professional IP cameras in China are the short and long term growth drivers for this company. Therefore Ambarella is…

Seasonality In Business And Economics: A Primer

Managers need to understand how their business is doing, but normal seasonal variations make this harder. Here’s a basic primer that every business leader needs to understand before looking at data about sales, operations or finance. The Christmas season is a great example of seasonality: it occurs regularly and has a colossal impact on many…