What else is there to say… Despite an initial disappointment in stocks, once Janet started speaking, traders started panic-buying… coz everything is awesome… But notice that stocks extended gains and EURUSD tumbled (USD bid) as Yellen answered a question confirming
December 16, 2015
The Chart of the Day belongs to Smith & Wesson (NASDAQ: SWHC). I found the weapons manufacturing stock by using Barchart to sort the Russell 3000 Index stocks first by the highest number of new highs in the last 20 trading session then again for technical buy
The 2011 market meme is still going strong. It has reached a point where the similarities between the current market and 2011 must now break if this is indeed a bear market. Especially worrisome for bears is that this looks more and
Termination of Electrolux Transaction Recently, General Electric (NYSE:GE) announced it had decided to terminate its proposed sale of its Appliances division to Swedish company Electrolux (OTC:ELUXF) for $3.3 billion. After announcing the proposed sale in 2014, the Justice Department had
FedEx Corporation’s (FDX – Analyst Report) second-quarter fiscal 2016 (ended Nov 30, 2015) earnings per share (on an adjusted basis) of $2.58 beat the Zacks Consensus Estimate of $2.51. A strong holiday season owing to the e-commerce boom drove the earnings beat.
Now that the FOMC has done it, we get to hear about how it was surely the “right” time for it. Unlike September, conditions are supposedly an order of magnitude more settled. That has given the policymaking economists the green
It was set up for bears to challenge with markets running close to moving average resistance, but in the end, bulls were able to push a break and pressure shorts. Volume wasn’t great, but it’s a start. The S&P closed
And so the Fed raised rates, in the manner in which you would have expected if you frequent this site. We are not quite out of the woods yet since the markets are certainly not transparent and efficient by any
Standing on the threshold of 2016, if you have an appetite for ‘energy’ stocks in a choppy market, you ought to first screen the industries from the broader energy sector for the prized catches. Several studies and historical data have
Some days make me feel so old. Actually, most days make me feel old, come to think of it; but some days make me feel old and wise. Yes, that’s it. It is a good time to remember that there are a
