Intraday trade: The S&P 500 index may continue to retrace its Tuesday’s move up today. Therefore, intraday short position is favored again. Stop-loss is at the level of 2,460 or 5 points above Tuesday’s daily high. Potential profit target is at 2,425, below Tuesday’s daily gap up (S&P 500 index). Our intraday outlook is bearish, […]

Indian share markets finished marginally higher for the week in a thin trade amid buying in pharma stocks, software stocks and capital good stocks. At the closing bell, the BSE Sensex closed higher by 28 points and the NSE Nifty finished up 5 points. The S&P BSE Mid Cap finished up by 0.8% while & S&P BSE Small Cap too finished up by 0.4%. FMCG stocks, realty stocks and oil & gas […]

Stock futures are higher as investors prepare to receive weekly jobless claims data, existing home sales, and the weekly natural gas inventory report. Also of interest will be a Paul Ryan interview this afternoon on CNBC and the start of the annual Jackson Hole, Wyoming conference. In early pre-market trading, Dow futures are 51 points […]

The boom in Japan’s inbound tourism is arguably the most tangible success story of Abenomics. Propelled by a steady stream of visa rule deregulation that started the first week that “Team Abe” moved into the prime minister’s office in December 2012, inbound tourist arrivals have risen almost fourfold, from a 2012 monthly average of 697,000 to […]

An interesting thing happened on the way to World Domination, uhh, I mean “Stability” – the data quit cooperating with the Federal Reserve’s carefully devised planned. Just recently the Federal Reserve quit updating their carefully constructed “Labor Market Conditions Index” which failed to support their ongoing claims of improving employment conditions. The chart below is the last iteration before it was discontinued […]