The Chart of the Day belongs to PS Business Parks (NYSE:PSB). I found the REIT by using Barchart to sort the All Time High list first for the highest technical support level then I used the Flipchart feature to review the charts. Since the Trend Spotter
February 18, 2016
Nordstrom Inc. (JWN – Analyst Report) released their fourth quarter fiscal 2015 earnings results, posting earnings of $1.17 per share (excludes $0.17 from nonrecurring items) and revenue of $4.2 billion. Currently, JWN has a Zacks Rank #4 (Sell), but it is subject to
That didn’t take long. We’ve just had another short-covering rip from the 1870 Bullard Bottom on the S&P 500 and it’s already petered out. Not even another one of the St. Louis Fed President’s bouncing billiard balls could keep the machines slamming the buy key.
Consumers around the world are adding more meat to their diets, leading to increased demand for proteins. Growing middle class with rising incomes in emerging markets is leading to a surge in the global appetite for meat. In the US,
“For where men have made the earth trodden underfoot, and have largely veiled the heavens themselves, it is but natural that they should think that they have made everything, and that it is they who rule it.” Robert Hugh Benson, Lord
It was inevitable, given the action over 2016, that bears were going to make an reappearance. Today’s selling fell in line with near term profit taking with volume down on recent buying. The Nasdaq 100 experienced the worst of the
It was all too easy there eh? Never. Gets. Old… The US Open and NYMEX Close were the triggers today… Stocks did not go higher today confounding business TV anchors worldwide… But off last Thursday’s lows, it is still impressive…
The Philly Fed Business Outlook Survey continued in contraction. Key elements went deeper into contraction. Both manufacturing surveys released so far for this month are in contraction. This is a very noisy index which readers should be reminded is sentiment
For much of 2015, I was criticized for being too bearish. The U.S economy was expected to finally grow at 3.0% (or better) and interest rates (particularly long-term rates) were expected to soar. I had a very contrary view, particularly
The three-day rally in our benchmark S&P 500 ended today with a -0.47% close, but fractionally off its -0.61% intraday low seconds before the final bell. The loss was just enough to put the index back in correction mode, down
