CLICK ON CHART TO ENLARGE For the Dow, two of the most impactful prices over the past 15-years happens to be the 2007 highs and 2009 lows. Could those two dates have an impact on the Dow in 2015? The Power of the Pattern would say yes! If one applies Fibonacci levels to these key dates…
Comcast Corp. (CMCSA – Analyst Report) reported mixed financial results in the second quarter of 2015. Revenues surpassed the Zacks Consensus Estimate while earnings per share were in line with the same. Comcast currently carries a Zacks Rank #3 (Hold). GAAP net income in the second quarter of 2015 came in at $2,137 million or 84 cents per…
Well folks, they never make it easy do they? As of now the SOX is firm as apparently the Intel hype could not break the chart (though it did put a dent in it with the downside over throw). I had been holding a preferred chip company through what was a paper loss yesterday,…
For those surprised by today’s abysmal CAT Q2 results, we can only assume this is because our post from yesterday “Forget Recession: According To Caterpillar There Is A Full-Blown Global Depression” slipped through the cracks. Here is the punchline we showed yesterday (and over the past several years) explaining why the stock just hit 52…
There has been a lot of chatter in recent days about the plunge in commodity prices—–capped off by this week’s slide of the Bloomberg commodity index to levels not seen since 2002. That epochal development is captured in the chart below, but most of the media gumming about the rapidly accelerating “commodity crunch” misses the essential point. To wit,…
Shares of Inotek (ITEK) are up 52% after the company announced an end of phase 2 meeting with the FDA for its drug candidate known as Trabodenoson. Trabodenoson is used to treat patients with Glaucoma — a disease that causes blindness but can be avoided with early treatment. This drug works in glaucoma patients by…
Question: Why are there so many ETFs? Answer: ETF providers tend to make lots of money on each ETF so they create more products to sell. The large number of ETFs has little to do with serving your best interests. Below are three red flags you can use to avoid the worst ETFs: Inadequate Liquidity…
“Index shows economic growth picked up slightly in June”: This is the headline for today’s release of the Chicago Fed’s National Activity Index, and here are the opening paragraphs from the report: Led by improvements in production- and employment-related indicators, the Chicago Fed National Activity Index (CFNAI) moved up to +0.08 in June from –0.08…
United Rentals (URI), shown below, is very typical of the kind of chart I’m short right now. It’s got a big top, very little in the way of support, and has demonstrated in prior years its ability to fall hard. This one is going to play out nicely today, as its indicated opening is where…
Bristol-Myers Squibb Company (BMY – Analyst Report) is a major producer and distributor of pharmaceuticals and other healthcare related products. New York-based Bristol-Myers manufactures and sells branded pharmaceutical drugs such as Baraclude for hepatitis B virus (HBV), Sustiva for HIV and Erbitux for cancer. However, like many of its peers, Bristol-Myers is facing generic competition for several…
