Today shares of Allergan (AGN) fell by 14.77% as investors were skeptical that a buyout deal by Pfizer (PFE) would go through, after the government introduced new tax inversion rules. Back in November of 2015 Pfizer stated that it was
April 5, 2016
Donald Trump managed to shove his way into the spotlight again last week, claiming the US is heading for “a massive recession.” Unsurprisingly, the mainstream media scoffed at Trump’s assertion, pointing to the “great jobs report” that came out Friday.
During the day on Wednesday, the FOMC Meeting Minutes come out, which of course will have a massive effect on the US dollar, which in turn will massively affect world markets in general. Because of this, expect quite a bit
It looks there may be trouble ahead for copper. This goes well beyond the falling copper price and annual surpluses. According to the article, China’s True Demand For Copper Is Only Half as Much as You Think: For years, traders on
Greenbrier’s (GBX) FQ2 results were, at least to my mind, a disaster. The company missed on all fronts. Revenue of $669 million was $60 million shy of the $730 million analysts were expecting. Earnings per share of $1.141 missed by
Tesla Motors, Inc. (TSLA) is an American automotive and energy storage company that designs, manufactures, and sells luxury electric cars, electric vehicle powertrain components, and battery products. The company also offers electric vehicle powertrain components and systems to other manufacturers. Tesla
Today I added Morningstar (MORN) to the Barchart Van Meerten New High portfolio for positive price momentum. Barchart technical indicators: 80% technical buy signals Trend Spotter buy signal Above its 20, 50 and 100 day moving averages 18 new highs and up 9.61% in
So, what’s the trouble ahead? Was sell-off Tuesday a sign of a severely overbought market correcting (see McClellan Summation index below)? Worries about a weak earnings? Is Greece crawling its way back to the forefront as the IMF and EU
This post was intended to show a bunch of index charts and divide them into “solid” (those with solidly bearish patterns, in spite of the absolutely ludicrous and brain-dead rally from February 11 through April 1) and “shaky’ patterns. It turns
On March 21st, Apple held a launch event for the company’s newest products and updates. Included in that presentation was the latest operating system update. Some of the positive changes made to iOS 9.3.1 include fixing of the bug that would
