Back in September 2015, FactSet estimated that EPS for the S&P 500 would grow by almost 5% in Q1 2016. Their latest update is now -6.9%. Energy, of course, gets most of the blame but according to their latest breakdown it is
February 24, 2016
Mass financial distraction allowed the markets to follow oil as if it were just a puppet pulled to-and-fro; and that’s really the only thing that impacted yesterday. It was clear after mid-afternoon that the bears weren’t going to regain control of
It’s no secret that the giddy momentum that drove the equity market higher for four years has evaporated. If you looked at the price action (see Chart 1) of the QuantShares U.S. Market Neutral Momentum ETF (NYSE Arca: MOM), you’d see
How was this trick done? I guess you could say once again; bad news is good. Markets opened lower until oil rallied after being lower by 4% despite a rise in inventories. Traders focused on weaker crude production which saw distillates
USDJPY: With the pair rejecting lower level prices to close higher on Wednesday, USDJPY eyes more corrective recovery. This view remains valid as long as the 111.03 support zone remains unbroken. On the downside, support comes in at the 111.50
Today was one of those days that absolutely takes the wind out of my sails. I am not a day trader, I never wanted to be a day trader, and I don’t want to become a day trader. In a
The Chart of the Day is Bona Film Group (Nasdaq:BONA). I found the film distribution stock by using Barchart to sort today’s All Time High list for the highest technical buy signals, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled
HR and Employee Benefits provider WageWorks (NYSE:WAGE) recently reported a sales revenue of $334.3 million for 2015, a 25% increase Y/Y – beating Wall Street’s expectation. The company’s revenue grew at a 22% clip annually over the last three years since its IPO and
It was set up for bears with an easy gap down off the open, but buyers were able to put their foot down and drive a higher close. The next result was a mix of bullish piercing patterns and hammers.
The old certainties are falling fast. Mars bars and Snickers are being recalled in Europe because of contamination with plastic bits. The Great Trunk Road walked by Kipling’s Kim, friend of all mankind has been blocked by an Indian caste who want to be treated
