Overnight Markets and News Jun E-mini S&Ps (ESM18 +0.46%) this morning are up +0.47% at a 3-week high on expectations of strong S&P 500 Q1 corporate earnings results. Netflix is up over 7% in pre-market trading after it reported better-than-expected Q1 earnings and forecast a bigger-than expected increase in subscribers for Q2. European stocks are…
U.S. monthly retail sales reversed a 3-month trend of negative MoM results during the month of March as reported yesterday. Sales at U.S. retailers rose 0.6% in March, the Commerce Department reported Monday. An Easter holiday that fell on the last weekend of the month helped to drive more traffic into stores, though a bout of…
Will U.S. Economy Remain Stable as Interest Rates Soar? Interest rates in the United States are skyrocketing. This could mean a lot of trouble ahead for corporate America and American consumers. Too often, everyone gets boggled by the rates set by the Federal Reserve, the federal funds rate (FFR). It’s the most basic interest rate,…
If there is anything the recent reports from money center banks showed, it was the the February volatility surge was a gift to bank equity trading desks, which is why Wall Street was eagerly anticipating this morning’s Goldman Sachs results to see how much the “cleanest” trading desk on Wall Street would benefit from the…
Buy the rumor and sell the fact. Many traders thought the run-up on oil was based only on the potential of an attack on Syria and fears that it spins out of control. Yet, the run-up in oil has been about a lot more than just Syria, but about falling supply, rising demand and other…
USD/JPY The US dollar as you can see has broken down a little bit against the Japanese yen during trading on Monday, as it looks like we are trying to go back and forth and perhaps trying to build some type of momentum to go higher. If we can break above the 108 level, then…
Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success. This week my latest portfolio seeks a high-yield and growing stock…
Major US equity indices continue to try to repair the technical damage they sustained in February and March. After a decent rally in the past couple of weeks, risks are rising near term. Foreigners sold $1.2 billion in US stocks in February. This was the first month in six they cut back. As a…
This past weekend, I recommended taking action as the market approached our target zone of resistance. To wit: Nearly a month later, and we are watching the “pathways” play out very close to our “guess.” Chart updated through Monday’s close “More importantly, we continue to trace out the ‘reflexive rally’ path. However, my guess is we are not likely done…
Video Length: 00:06:51 The US Dollar (via the DXY Index) was on its way to its lowest levels in two months earlier today before a series of weaker data releases from China and Europe prompted demand for the greenback. Q1’18 Chinese GDP missed expectations slightly, February UK wage growth figures came in below expectations, and the March…
