Business-Loan Growth Continues To Slide
Focusing on one data set is always hazardous for analyzing the business cycle, but the ongoing decline in commercial and industrial (C&I) lending is drawing a crowd. The trend is worrisome, but it’s premature to draw broader conclusions for the US economy because most key indicators are still positively skewed. Last month I noted that the year-over-year increase in […]
Sears Same-Store Sales Plunge 11.5%; To Close Another 28 Stores
Near insolvent retailer Sears Holdings reported another quarterly loss, with same store sales plunging in Q2 more than expected as the company offered more margin-crushing discounts amid an industry that is, in the words of Dick’s CEO, in “panic mode“. The company blamed a “retail environment that remained challenging, with continued softness in store traffic and […]
USDJPY Elliott Wave View: Resuming Lower
Short-term USDJPY Elliott wave view suggests the decline from 7/11 peak is unfolding as a double three Elliott wave structure. Decline to 108.71 low ended Minor wave W and Minor wave X bounce ended at 110.95 peak. Subdivision of Minor wave Y is unfolding as a Zigzag structure. Minute wave ((w)) of ((Y) ended at 108.59 low and Minute […]
USD/JPY And AUD/USD Forecast – Thursday, August 24
USD/JPY The US dollar had a slightly negative session on Wednesday, as we initially tried to rally but found the 110 level to be a bit too resistive. Falling back towards the bottom of the large consolidation area, I believe that the market will probably find buyers underneath. I also recognize that the speech by […]
Uncertainty Following Tuesday’s Rally, Will Uptrend Continue?
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, […]
Ron Rosen: USD & Equities Will Plunge Together – While Gold & Mining Stocks Soar
The S&P 500 and the Dow have accompanied the U.S. Dollar Index on its huge corrective zig-zag rise and will continue to accompany it on its coming collapse. Gold, and its miners, wait in anticipation of the U.S. Dollar Index crossing the 91.88 level before they move explosively upwards. The dollar has been falling lately, which […]
Flat Finish To The Week; Cadila Healthcare Rallies 7%
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 […]
Billionaire Rob Citrone Turns Bullish On AMD, Micron, Alibaba
Will AMD, Micron and Alibaba Help Turn This Fund Around? Rob Citrone is the fund manager behind the $4.12 billion Discovery Capital Management fund. In Q2 Citrone ramped up holdings in key portfolio stocks including Advanced Micro Devices, Inc (Nasdaq:AMD), Micron Technology Inc (Nasdaq:MU) and Alibaba Group Holding Ltd (NYSE:BABA). Citrone, like other big-name fund managers […]
Futures Suggest Positive Start For Market
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 […]
An Oil Price Forecast Will Burn The “Short Artists”
You’re likely to catch plenty of oil doom and gloom on cable news right now, but West Texas Intermediate is up nearly $1 a barrel over the past 30 days. I can’t think of a better object lesson in why you shouldn’t believe the players and short artists who make money whenever you believe crude prices are headed lower. […]
