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    50-Day Moving Average Providing Resistance

    Watch resistance at the 50 day moving average It had been acting as support prior to its break last week, but now the 50 day moving average has firmly converted itself into resistance overhead. Following the break last Tuesday, it has gotten close to pushing back above the 50 day moving average but each time it even gets close to the MA it has resulted in a sell-off, especially yesterday which showed strong potential to break through it prior to the afternoon meltdown.  This kind of market environment can be frustrating for traders, but the key is not to spend your entire day trading all over the place, thinking that will get the market to b...
    On April 20, 2017 / By
  • Finance 0

    E Small Cap Best And Worst – Thursday, April 20

    The best small cap sector is technology. The top small cap industry is investment brokerage. The average small cap score is 47.46 and over the past four weeks, the score has averaged 50.12. The typical small cap stock in our coverage is trading -25.49% below its  52 week high, -1.22% below its 200 dma, and has 3.97 days to cover held short. The top small cap sectors are technology and healthcare. Services and consumer goods score in line with the average score. Industrial goods, utilities, financials, and basics score below average. The following are the best and worst scoring small cap stocks this week. The following chart shows historical ...
    On April 20, 2017 / By
  • Finance 0

    Bull Of The Day: Inogen

    It looks like the market is going to have to wait for a bill to “Repeal and replace” Obamacare. Regardless of what side of the political isle you find yourself on, it’s tough to discount the impact of such an event on stocks in the medical business. This is a varied business, with pockets that are more well insulated to “Repeal and replace” risks than others. One of the more insulated areas of this market are the medical device companies. When I say more insulated, I mean when compared to drug makers or insurers. One such company is today’s Bull of the Day Inogen (INGN – Free Report). Inogen, Inc. is a medical technolog...
    On April 20, 2017 / By
  • Finance 0

    China Leading Global Markets In 2017: A Look At Key Performance Drivers

    This year one of the more remarkable performance stories has been China. In the first quarter, along with its emerging market fellow India, China was ranked in the top two of Index strategies that WisdomTree has in its global family of equity Indexes. Trump and Xi Talk China has been a focal point recently, with the meeting of U.S. president Donald Trump with China’s president Xi Jinping. Center stage for those discussions were questions on global trade and whether Trump would be combative about the topic of China’s currency in those talks.  David Dollar, a Senior Fellow at the Brookings Institution, wrote, “China’s trade-weighted e...
    On April 20, 2017 / By
  • Finance 0

    The Stock Whisper Of The Day: SAN, VZ, FL, IBM

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    On April 20, 2017 / By
  • Finance 0

    USD/CAD Bullish Marubozu On Daily Time Frame

    The USD/CAD has formed a bullish marubozu (strong momentum candle) on daily timeframe (see the mini daily chart) which marks an uptrend. Retracement towards POC might start at the break of trendline (red). If the price gets to POC (38.2, ATR low, D L4, EMA89)  the POC zone should spike the price further up towards D H3 at 1.3513 and D H4/ATR High at 1.3540. Only above 1.3545 we could see 1.3600. D L3 – Daily Camarilla Pivot (Daily Interim Support) D H3 – Daily Camarilla Pivot (Daily Interim Resistance) D H4 – Daily Camarilla Pivot (Strong Daily Resistance) D L4 – Daily Camarilla Pivot (Very Strong Daily Support) D L5 ...
    On April 20, 2017 / By
  • Finance 0

    April 2017 Initial Unemployment Claims Rolling Average Improvement Continues

    The market expectations for weekly initial unemployment claims (from Bloomberg / Econoday) were 236 K to 250 K (consensus 244,000), and the Department of Labor reported 244,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 247,250 (reported last week as 247,250) to 243,000. The rolling averages generally have been equal to or under 300,000 since August 2014.  Analyst Opinion of Initial Unemployment Claims The trend of the 4 week moving average improved this week. This marks 109 consecutive weeks of initial claims below 300...
    On April 20, 2017 / By
  • Finance 0

    Philip Morris International Q1 Results Miss, But 2017 Outlook In-Line

    Philip Morris International Inc. (NYSE: PM) early Thursday posted weaker than expected first quarter earnings results, but its full-year forecast largely matched Wall Street’s outlook....
    On April 20, 2017 / By
  • Finance 0

    Verizon Shares Fall On Earnings Miss, Blackstone Shares Rise On Revenue Beat

    Verizon (VZ) and Blackstone (BX) released their latest earnings reports before opening bell this morning. Verizon posted adjusted earnings of 95 cents per share on $29.8 billion in revenue, compared to the analyst estimates of 96 cents per share and $30.4 billion in revenue. In last year’s first quarter, the mobile carrier and internet service provider reported $32.2 billion in revenue on $1.06 per share, which was on both a GAAP and non-GAAP basis. Blackstone reported basic earnings of 70 cents per share and diluted earnings of 69 cents per share on $1.94 billion in revenue, compared to the Wall Street estimates of 70 cents per share and $...
    On April 20, 2017 / By
  • Finance 0

    Saudis Go For The Save

    Saudi Arabia is trying to talk up the markets saying an output extension is all but done after yesterday’s supportive oil supply report failed to get us to the next level. There was a 1.0 million barrel drawdown in oil inventory overall and in Cushing, Oklahoma the inability of the market to move higher started a cavalcade of selling. At first, the movement was modest but an hour after the report, a big spike in volume started the market of its downward trek.Part of the selling was perhaps due to the May Crude contract at the NYMEX is expiring but also due to a spike in computer related sell signals. The mood seemed to get darker as the mac...
    On April 20, 2017 / By