Chart Of The Day – Cato Corp (CATO)
The Chart of the Day belongs to Cato Corp (CATO). I found the stock by sorting the All Time High list for the best technical buy signals then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on10/28 the stock gained 8.30%. The Cato Corporation operates as a specialty retailer of women’s fashions and accessories […]
Skim Just A Little
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW + 33 = 17,719 SPX + 4 = 2052 NAS + 26 = 4701 10 YR YLD – .02 = 2.33% OIL + 1.50 = 76.00 GOLD + 11.40 = 1195.50 SILV+ .12 = 16.35 Record high close for the Dow Industrials and the […]
Bulls Pressure Highs, Big Recovery In Small Caps
Another good day sent indices back to highs, but it was the Russell 2000 that probably came out best. Yesterday’s losses in Small Caps were consumed by a bullish engulfing pattern. The index defended its 20-day MA, although stochastics weren’t oversold,which would have strengthened the engulfing pattern. The Nasdaq finished at handle resistance. Volume […]
Chesapeake Energy Faces Subpoena On Royalty Payment Practices
Guest Post by Abrahm Lustgarten, ProPublica.org The U.S. Department of Justice is investigating how Chesapeake Energy (CHK) pays landowners for the natural gas it drills on their property, according to disclosures made earlier this month in the company’s filings with the Securities and Exchange Commission. The probe comes after years of complaints by landowners that they are being underpaid, and an […]
20 Startups Rising To The Top From The Land Down Under
Australia, the land down under, may be far away for most people, but its emerging presence on the global startup scene is causing people to start to take note. In Startup Genome‘s industry standard assessment of startup ecosystems around the world, cosmopolitan cities Sydney and Melbourne made the top 20, despite the fact that Australia is a […]
Report: Facebook And Twitter Are A Waste Of Time For Brands
Today, market research firm Forrester published a report for brands titled “Social Relationship Strategies That Work.” So: What works? Not Facebook (FB) or Twitter (TWTR). The crux of the research suggests that brands are wasting their time, effort, and money on Facebook and Twitter to diminishing returns. A study conducted by the firm from earlier this year found that posts […]
Gold Daily And Silver Weekly Charts
There is quite a bit of volatility in the precious metals as they sit at this important resistance level ahead of what could be an important active month of December. There was little delivery report activity, and the usual dribbles of bullion out of the Comex warehouses as noted below. There is intraday commentary related […]
Ross Stores Reports Strong Q3 Earnings, Updates Outlook
Ross Stores Inc. (ROST – Analyst Report) posted better-than-expected third-quarter fiscal 2014 results, wherein earnings per share rose 16% year over year to 93 cents, above the higher end of the guided range of 83–87 cents. Earnings benefited from better-than-anticipated top-line growth and robust merchandise gross margins. Moreover, earnings surpassed the Zacks Consensus Estimate of 87 cents per […]
A Long-Term Look At Inflation
The Consumer Price Index for Urban Consumers (CPI-U) released this morning puts the October year-over-year inflation rate at 1.66%, off the May 19-month high of 2.13%. It is well below the 3.86% average since the end of the Second World War and 29 percent below its 10-year moving average. For a comparison of headline inflation […]
Stocks Up, Bonds Up, Gold Up, Oil Up, USD Up… Give Up
For the 25th day in a row (one short of an all-time record), the S&P closed above its 5-day moving-average. Despite dismal Asian, European, and US PMIs, US equity markets sreaked higher at the US Open, tagging yesterday’s highs, then stalling when Europe closed. Small Caps led the day as shorts were squeezed once again but Trannies […]
