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  • Finance 0

    E EUR/USD May See Limited Upside In The Current Rally

    We see EUR/USD trading higher, now at 61.8% Fib level where reversal may occur if we consider that there are five sub-waves within wave c, and also resistance of the fourth wave of two lesser degrees. We are waiting on a turndown, below current channel that should then confirm a weaker euro. EUR/USD, 1H...
    On April 20, 2017 / By
  • Finance 0

    D.R. Horton, Inc. Beats On Q2 Earnings & Revenues

    D.R. Horton Inc. (DHI – Free Report) is one of the leading national homebuilders. The company offers a diversified line of homes across various price points through its multi-brand platform. While its Express brand caters to entry-level buyers looking for affordability, its high-end brand, Emerald, targets luxury buyers. Moreover, the company enjoys one of the broadest geographic diversities in the industry. D.R. Horton expects to deliver strong performances on the back of its robust sales trends, solid community count, strong backlog position and well-stocked inventory of land, lots and homes. However, gross margin pressures remain....
    On April 20, 2017 / By
  • Finance 0

    E Market Briefing For Thursday, April 20

    Reflationary impulses have been increasingly muted for months now; no surprise. Whether housing, autos, price-cutting, inventory bloats (like autos) or even mis-positioning by many hedge funds (who then played a catch-up game to get-into sectors benefiting from ‘new American’ focuses on growth) who generally have under-performed the Indexes.. any way one looks at it the sluggish economic conditions have been evident for months, while the optimism is based entirely on economic prospects. Those prospects require ‘enactment and implementation’ of growth reforms, not just healthcare and tax-reform; those are at the heart o...
    On April 20, 2017 / By
  • Finance 0

    E Market Briefing For Thursday, April 20

    Reflationary impulses have been increasingly muted for months now; no surprise. Whether housing, autos, price-cutting, inventory bloats (like autos) or even mis-positioning by many hedge funds (who then played a catch-up game to get-into sectors benefiting from ‘new American’ focuses on growth) who generally have under-performed the Indexes.. any way one looks at it the sluggish economic conditions have been evident for months, while the optimism is based entirely on economic prospects. Those prospects require ‘enactment and implementation’ of growth reforms, not just healthcare and tax-reform; those are at the heart o...
    On April 20, 2017 / By
  • Finance 0

    S&P 500, FTSE 100, And Nikkei 225 Declining Due To Geopolitical Tension

    If you have read our previous report on equities, you would notice that most of the indices that we mentioned did move according to our plan. Most of the global equities continued to retrace to the downside. The retracement comes just right before the earnings season. However, the geopolitical tension played the biggest role in such move. After the recent decline in S&P500, FTSE100, and Nikkei 225, another move could be underway. We will take a look at these three indices and mention what traders should be looking at for the next few days/weeks. S&P500 Below 50 DAY MA   The S&P500 continued to decline further for the past two wee...
    On April 20, 2017 / By
  • Finance 0

    Gold Slammed For 3rd Day As USD/JPY Spikes

    A little earlier than the last two days (right before the London Fix)…   But gold is suddenly under pressure again this morning as USD/JPY just decided unilaterally to spike bursting beyond 109.00…   On heavy volume again…   But it does appear the slamming efforts are fading....
    On April 20, 2017 / By
  • Finance 0

    Being Disciplined 90% Of The Time Won’t Work

    Kopin Tan in Barron’s had some fascinating numbers about the flows into passive funds; Over the past two years alone, investors have pulled $574 billion from actively managed U.S. funds and plowed $924 billion into passive vehicles, says Morningstar. Active U.S. managers oversee $9.7 trillion, but that haul hasn’t grown much in four years and is just seven times the 1993 total. In contrast, the $5.4 trillion in passive funds has doubled since 2012 and has grown 158 times since 1993. A large dynamic in this flow is chasing heat (performance chasing). Additionally, the numbers don’t capture the extent to which passive funds are being use...
    On April 20, 2017 / By
  • Finance 0

    Thoughtful Thursday – Markets At A Crossroads

    “I went down to the crossroads, fell down on my knees. Down to the crossroads, fell down on my knees. I’m standin’ at the crossroad, babe, I believe I’m sinking down.” – Cream Earnings are simply not that exciting. The growth in earnings was SUPPOSED to come from the Financials and the Energy Sector and we’ve gotten so-so reports from the Financial Majors and oil just collapsed to $50.50 yesterday (a profit of $2,500 per contract for those of you who followed our morning call to short at $53!) and that can’t be great for Q2 profits if we stay down here, can it? We’ve been telling you for y...
    On April 20, 2017 / By
  • Finance 0

    Europe Breaking Support, Spill Over Into The States

    How stocks do in Europe, can have an important impact on stocks in the States. Today we look at the patterns in London and Germany, as recent price action could “spill over” into stocks in the states. FTSE 100 Index below- FTSE 100 hit resistance line (2) of late and it quickly turned south, breaking rising support this week at (3). One week’s weakness does not make a trend could become important if it continues! Below looks at the DAX Index (Germany)- Let me be clear about this, London and Germany remain in rising trends (higher lows) since the lows in 2009. A little weakness at resistance the past couple of weeks has NOT broken ...
    On April 20, 2017 / By
  • Finance 0

    PPG Industries, Inc. Q1 Earnings Beat, Still Hopeful On AkzoNobel Merger

    PPG Industries, Inc. (NYSE: PPG) early Thursday posted better than expected first quarter earnings and provided an update on its proposed merger with AkzoNobel N.V. (PINK: AKZOY)....
    On April 20, 2017 / By