Category Archive: Finance

Small Caps Slow Morph A Bull Trap

Small Caps Slow Morph A Bull Trap

It was another quiet day for most indices, but the Russell 2000 dropped into a potential ‘bull trap’ situation. The Russell 2000 experienced further weakness with a ‘sell’ trigger in the +DI/-DI with Slow Stochastics [39,1] just above the bullish midline – now the last line defense of the net bullish picture for this index.   […]
Federal Reserve Bank Of Atlanta’s GDPNow Forecast For Q1 Drops To 1.3 Percent

Federal Reserve Bank Of Atlanta’s GDPNow Forecast For Q1 Drops To 1.3 Percent

While the headlines have been all about the Republicans proposed replacement for the Affordable Care Act (aka Obamacare), the Atlanta Fed issued their latest forecast for first quarter GDP, which has been lowered yet again and is now sitting near stall speed at 1.3 percent. The GDPNow model forecast for real GDP growth (seasonally adjusted […]
USD: Sideways As March Hike Mostly Already Priced In – Barclays

USD: Sideways As March Hike Mostly Already Priced In – Barclays

Is the rate hike coming on March 15th already priced in? That is the view from Barclays: Here is their view, courtesy of eFXnews: We see limited scope for the USD to continue going up this week, as markets are already largely pricing in a March hike. Fed fund futures discount a 90% probability of a 25bp […]
H&R Block Inc. Shares Surge Following Market-Beating Q4 Results

H&R Block Inc. Shares Surge Following Market-Beating Q4 Results

Written by StockNews.com H&R Block Inc. (NYSE: HRB) late Tuesday [Mar 7, 2017 | 4:29pm] posted a less than expected net loss for the fiscal third quarter, along with much higher than anticipated revenue, sending its shares soaring in aftermarket trading.
Most Active Stock Options For End Of Day March 7, 2017

Most Active Stock Options For End Of Day March 7, 2017

Most Active Stock Options For End Of Day March 7, 2017      Data Courtesy of Trade Alert    
Daily Trading Opportunities For Wednesday, Mar. 8

Daily Trading Opportunities For Wednesday, Mar. 8

During the session on Wednesday, we get several announcements, not the least of which will be the ADP Nonfarm Employment Change numbers, but we also get the Crude Oil Inventories announcement. Because of this, it could be a rather interesting trading session. Gold Gold markets fell again on Tuesday, testing the 50-day exponential moving average. […]
Three Gold Charts Showing Major Bear Market Test

Three Gold Charts Showing Major Bear Market Test

Although gold sentiment is very bullish since early last year, the gold market continues to be in a bear market. The fact about bear markets is that they have only one turning point, most investors tend to forget this important investment insight. Gold remains in a bear market until proven otherwise. In our own, words, […]
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                        Oil Reached A High

E Oil Reached A High

Oil reached a high of $53.80 today and prices should close for the fourth time below the 10-day EMA. I’m entering 25% of my position today with a stop just above today’s high. If prices selloff from here I’ll add to my shorts when there is a clear breakdown in MFI or close below $52.50. […]
EURUSD: Elliott Wave Sequence From February Peak

EURUSD: Elliott Wave Sequence From February Peak

EURUSD Elliott Wave Sequence from 2/2 peak doesn’t support the idea of 5 wave impulse or even a series of 1,2’s. Decline from 2/2/2017 high to 2/15/2017 low was a 7 swing sequence and the decline from 2/16/2017 to 2/22/2017 low was also a 7 swing decline. This means neither leg down from 2/2/2017 peak was […]
Q1 GDP Expected To Be 1.3%

Q1 GDP Expected To Be 1.3%

The stock market was down slightly on Tuesday. Snap (SNAP) stock was down 11% to a 21 handle. While Snap doesn’t have a large market cap, it’s significant because it represents the latest excess of Wall Street. The company has a lock on the attention of teenagers and 20-somethings, but is burning cash quickly. It will […]