This week’s Chart of the Week features the XRT ETF (S&P 500 retail sector) and its potential to break out to the upside. From a technical perspective, it appears that the $40 level of support for XRT has held very well and
October 23, 2017
Here below is this week’s wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts. EUR/USD The EUR/USD is testing the support trendline (blue). A bearish candle makes a bullish ABC (purple) unlikely and a bearish ABC
John Taylor, Jerome Powell and also incumbent Janet Yellen are the final candidates to lead the Federal Reserve. With Trump being Trump, he keeps the tension high, like in his reality shows. This provides room for volatility. How can this
Lennox International Inc. (NYSE: LII) today reported record revenue and profit results for the third quarter of 2017. Q3 FINANCIAL HIGHLIGHTS Revenue: UP 4% to a third-quarter record $1.052 billion. Foreign exchange was a 1 percentage point benefit to revenue
JPY drops past 114 per USD after victory helps validate view of gov’t supported JPY weakness NZD remains weak on new government formation that has similar ideology of Japan IGCS favors keeping an eye on further EUR strength against weaker FX (e.g., JPY, NZD, CAD) A stubborn
Those who see governments banning ownership of bitcoin are ignoring the political power and influence of those who are snapping up most of the bitcoin. To really understand an asset, we have to examine not just the asset itself but who
Kimberly-Clark Corporation (NYSE: KMB) today reported third quarter 2017 results and confirmed its previous guidance for full-year 2017 net sales and earnings per share. With brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depends, Kimberly-Clark holds No. 1 or No.
Back in 2013 bond markets were jolted by the potential that the Fed would unwind its balance sheet more quickly than previously believed. The basic thinking was that QE puts downward pressure on interest rates so unwinding QE will put
It has now been 242 days since the US equity market dipped by 3% or more. That has never, ever, happened before. Rick Astley said it best…“never gonna let you down… or desert you”. It’s ironic then that stocks had their
