Remember how awesome it all felt yesterday, yeah that’s all gone… Pride (in senseless uncorrelated low volume rallies) always comes before the fall… Macy’s (M) ate the jam out of the market rally’s donut today despite crude’s spike (and thus Energy
May 11, 2016
The Chart of the Day is Martin Marietta Materials (NYSE:MLM). I found the building materials stock by using Barchart to sort today’s All Time High list first for the most frequent new highs in the last month, then again for technical buy signals of 80% of
After yesterday’s gain it was disappointing to see such quick reversals. The Dow finished with the classic paired reversal. While this is bearish there are bullish factors to consider such as positive On-Balance-Volume, the 50-day MA, and stochastics above the
There is nothing as powerful as a market that is trending. Think of the U.S. stock market in 2013/2014, or gold in 2010/2011. For short sellers, the crude oil market in 2015 was a wet dream. What we currently see,
During the session on Thursday we get an interest-rate announcement coming out of the United Kingdom, which of course will be followed by currency traders around the world. We also get FOMC Members speaking during the course of the day
Yup – you got it – a head and shoulders pattern on the daily chart. Folks – we have head and shoulders inside of head in shoulders that are inside of head and shoulders. Quite Frankly I’m afraid that if one H&S
The Wall Street Journal has an interesting report on the jobs created since the recession. The article takes a close look at employment and wage data to see the makeup of newly created jobs. There are some flaws and data
All men can see these tactics whereby I conquer, but what none can see is the strategy out of which victory is evolved. – Sun Tzu The BBC Global 30 index gives one an idea of how the global economy is
Photo Credit: Symantec Symantec Corporation (SYMC) Information Technology – Software | Reports May 12, After Market Closes Key Takeaways The Estimize community is looking for earnings of a quarter per share on $887.54 million in revenue, 1 cent higher than Wall Street
The use of ratios to determine value stocks is not new in the investment world. Among the ratios generally used, Price-to-Sales has surfaced as an important tool to determine the value of stocks that are suffering losses or are in
