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  • Finance 0

    Honeywell Boosts Low End Guidance As Q1 Results Top Expectations

    Honeywell International Inc. (NYSE: HON ) early Friday posted market-beating first quarter profits and revenue, and slightly lifted the low end of its full-year outlook amid solid revenue growth in most of its segments....
    On April 21, 2017 / By
  • Finance 0

    Chart Of The Day – No Such Thing As A Quadruple Top

    When a resistance zone gets tested multiple times it usually breaks. It shouldn’t be long before the Nasdaq breaks through this resistance. After it does it will pull the rest of the market up with it.  ...
    On April 21, 2017 / By
  • Finance 0

    Banks At Risk If This Support Gives Ways, Says Joe Friday

    Regional and Large banks have done well since the election. Of late they have lagged the broad market and find themselves testing what could be very important support levels. Below looks at regional bank ETF (KRE).   KRE has experienced a rally that started in February of 2016. This rally picked up speed following the election last November, as KRE almost went vertical. The move up was strong enough to push KRE above 2007 highs, for a couple of months. Breaking above 2007 highs was bullish price action. Since hitting highs near the end of February this year, KRE has declined around 15%, following a bearish reversal pattern (bearish wick) t...
    On April 21, 2017 / By
  • Finance 0

    U.S. Stock Market And Gold, Post Tomahawks And MOAB

    It happens when inflammatory events (usually political, terror or war related, but also including things like Ebola, Bird Flu and the like) crop up; stocks go down and hysteria starts to build.  The mainstream media jump aboard and next thing you know you’ve got people heading for the exits… right into the next bottom.  In the case of the current corrective consolidation, a disappointment in the Trump administration’s Healthcare follies rolled right into the war-like events in Syria and Afghanistan.  Presto!  A much needed correction of the over-bullishness was on. Going the other way is gold, which never fails to get the terror, wa...
    On April 21, 2017 / By
  • Finance 0

    EUR/USD Turns Bearish After Hitting 61.8% Fibonacci Target At 1.0775

    EUR/USD 4 hour   In yesterday’s trading, the EUR/USD broke above the 50% Fibonacci retracement level of wave 2 (brown) and continued with a bullish push towards the 61.8% Fib at 1.0775. Price stopped at this Fib level and made a bearish retracement, which is now testing the support trend line (blue) – see 1 hour chart. 1 hour   The EUR/USD completed a wave 5 (pink) as expected in yesterday’s wave analysis. Price is now at the trend line (blue) which is a bounce or break spot. A bearish break could indicate a first signal that a bearish reversal is occurring. GBP/USD 4 hour   The GBP/USD remains at the 61.8% Fibonacci level of...
    On April 21, 2017 / By
  • Finance 0

    Rail Week Ending 15 April 2017: Economically Intuitive Sectors’ Decline Continue

    Week 15 of 2017 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. The economically intuitive sectors declined. Analyst Opinion of the Rail Data Note that this week included a holiday whilst the comparable week in 2016 did not. This makes this weeks analysis slightly flawed. We review this data set to understand the economy. If coal and grain are removed from the analysis, rail over the last 6 months been declining around 5% – but this week declined 5.8 % (meaning that the predictive economic elements declined year-over-year). Also, conside...
    On April 21, 2017 / By
  • Finance 0

    Schlumberger Limited Q1 Profit Beats, But Revenue Misses As Int’l Drags

    Schlumberger Limited (NYSE: SLB) early Friday posted mixed first quarter earnings results, as the oil & gas industry continues its slow recovery from its biggest decline in history....
    On April 21, 2017 / By
  • Finance 0

    Bull Of The Day: KB Home

    KB Home (KBH – Free Report) is riding the wave of strong housing demand in 2017. This Zacks Rank #1 (Strong Buy) is expected to see double digit earnings growth in 2017 as American rush back into home buying. KB Home is one of the largest homebuilders in the United States with developments across the country. It is headquartered in Los Angeles. Another Beat in the First Quarter On March 23, KB Home reported its fiscal first quarter results and beat the Zacks Consensus by a penny. It reported $0.15 versus the consensus of $0.14. It was the fifth earnings beat in a row. Revenue jumped 21% to $818.6 million as deliveries rose 14% to 222...
    On April 21, 2017 / By
  • Finance 0

    How India Is Re-Engineering Its Economic Engine

    As a popular adage goes, “Rome wasn’t built in a day.” There are times in history when the foundation for an empire was quietly built and the world realized it only later. While we are busy discussing policies ranging from protectionism to immigration in the United States, India quietly laid the foundation for a technology empire that is going to digitally connect 17% of humanity. The full potential of India’s push for digitization will be realized in time, but in my mind this is perhaps the most exciting technology development happening in the world today.  Below I will highlight why investors should not ignore these developments an...
    On April 21, 2017 / By
  • Finance 0

    EUR/USD, DXY Triangles Persist As Markets Eye French Elections

    With the first round of the French presidential elections fast approaching this Sunday, April 23, traders have remained noncommittal about pushing various FX pairs in any concerted direction. Ahead of this Sunday’s vote, the overall frontrunner, Emmanuel Macron – who, according to French polling institute Ifop has the best chance to beat right-wing populist Marine Le Pen in a second round runoff – has seen his odds of winning increase after a brief dip the past two weeks. According to Oddschecker, the aggregate probability of a Macron victory has risen back to 57.2% from 52.9% last Friday. With first round polling figures showing th...
    On April 21, 2017 / By