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  • Finance 0

    Don’t Get Caught With This Retailer In Your Portfolio

    Photo Credit: Mike Mozart DSW Inc. (DSW) Consumer Discretionary – Specialty Retail | Reports May 24, Before Market Opens This quarter retailers have taken a beating. Despite some wins in the past few days, the overall trend has been bleak. This should continue into the following weeks when the remaining companies report. This week we get results from discount shoe retailer, DSW which are expected to come in mixed. DSW capped off 2015 with a beat on both the top and bottom line. That said, earnings declined 60% while sales only grew by 5%. The stock, as a result, has reacted negatively and is down over 40% in the past 12 months. Simila...
    On May 23, 2016 / By
  • Finance 0

    How To Take Advantage Of Multi-Week Correction In Gold And Silver

    Gold stocks are on a short-term sell signal and this is revealing an excellent entry point. Gold stocks remain on short-term sell signal, and if we are in a bull market, prices should find support at the 200ema (exponential moving average), which may be an excellent entry. There is a divergence in place, and as we have often observed, such divergence can lead to a multi-week correction. iShares Silver Trust (SLV): We are short from 16.25 with stop now at break even for a free trade at worst. Summary We took a short position on SLV and will look for more set ups in the sector to take advantage of a multi-week correction now in progress....
    On May 23, 2016 / By
  • Finance 0

    E Fly Like A Fed Hawk

    The bullets were flying on the front lines of the bond market last week. Much of the ordnance whizzing-by were fired by the Fed in the form of Fed member jawboning and decidedly hawkish minutes from the April FOMC meeting. The scuttlebutt is now that the Fed is going to hike in June. Although this is certainly possible, I am not yet ready to sound the all-clear. Following signs that the U.S. economy has picked up speed from a sluggish first-quarter, Fed officials have begun to sound more hawkish. Even the doves have grown talons. I welcome this change as I believe that the Fed should have lifted-off in late 2014 or early 2015. However, a June...
    On May 23, 2016 / By
  • Finance 0

    E Bayer’s Offer To Buy Monsanto: $62 Billion In Cash

    Today Bayer (BAYZF) made an offer to buy U.S. seed maker Monsanto (MON) for $62 billion in an all cash transaction. Bayer is a pharmaceutical and crop company, and it wants to add to its business by buying Monsanto’s seeds. After this offer was announced Monsanto traded up to $105.66 per share or up by 4.40%.  This is below the actual offer price made by Bayer of $122 per share. The reason why Monsanto traded lower than the actual offer price is because investors are skeptical of the deal. They don’t believe that Monsanto shareholders will be willing to sell with the current offer on the table. The offer was first sent to Monsant...
    On May 23, 2016 / By
  • Finance 0

    S&P 500 Snapshot: Fractional Loss, Second Narrowest Intraday Range Of 2016

    Markets today were in a mildly depressed mood. Asian indexes were mixed, but Gold finished lower, Crude Oil declined and European indexes lost ground. Our benchmark S&P 500 wiggled through the day between its 0.16% high and -0.25% low — the second narrowest intraday trading range of the year. The index finished with a fractional loss of 0.21%. There was no economic news to stir the trade, so the popular financial press explains today’s (in)action as a lull in wait of further signals from the Fed on a rate hike. The yield on the 10-year note closed at 1.84%, down one basis point from the previous close. Here is a snapshot of past f...
    On May 23, 2016 / By
  • Finance 0

    Current Rules Of Engagement

    If you’ve been following this market over the last two trading sessions there are probably a millions things that you can think of that would be more productive than watching the current state of price action.  Watching grass grow Watching paint dry Watching Jim Cramer – No wait, no….I don’t wish Jim Cramer on anybody.  You get the point. The market isn’t providing many opportunities right now. I am 20% short and finally the market is making a little bit of a move here in the final hour of trading to the downside, but even that is questionable until we break out of this 5 minute intraday range shown below.  Es...
    On May 23, 2016 / By
  • Finance 0

    Binary Options Assets In Focus For May 24, 2016

    We get a handful of announcements coming out of Germany in the United States during the day on Tuesday, but nothing earth shattering with perhaps the one possible big mover being the German Final GDP numbers. FTSE 100 The FTSE continues to consolidate between the 6050 handle on the bottom, and the 6200 level on the top. Because of this, back and forth range trading will more than likely continue to be the way forward, as the market looks to be very comfortable in this particular area. WTI Crude Oil pulls back The WTI Crude Oil market pulled back during the early session on Monday, but we still remain very well supported just below due to quit...
    On May 23, 2016 / By
  • Finance 0

    AUD Bears Are Coming – 2 Opinions

    The Australian dollar has seen better days and here are two opinion saying it could fall even more, and not only against the greenback. An assault on the lows? Here is their view, courtesy of eFXnews: AUD/USD: Staying Short Targeting Late Feb Lows – Credit Suisse AUD/USD continues to consolidate but, whilst still capped beneath .7311, the immediate risk can stay lower for a retest of the recent low at .7176 initially, then the late February lows at .7109, notes Credit Suisse. “We would expect fresh buying to emerge for a bounce here, but a direct break lower can suggest more weakness for .7069/64, then .6973,” CS projects. Resistance st...
    On May 23, 2016 / By
  • Finance 0

    SP 500 And NDX Futures Daily Charts – Sell In May And Go Away

    If you have some gains in stocks, in general, you may wish to start thinking about taking the money and sitting the next round out. But let’s see if the market confirms this with the next move up or down. Have a pleasant evening....
    On May 23, 2016 / By
  • Finance 0

    This Retailer Is Driving Away With Earnings

    Photo Credit: Sean Davis AutoZone Inc. (AZO) Consumer Discretionary – Specialty Retail | Reports May 24, Before Market Opens The tide has turned on retail earnings. Poor earnings of the past month are slowly turning intto strong beats in the past few days . This week retailers including DSW Shoes, AutoZone and Costco hope to continue this trend. Lately, AutoZone has been a bright spot in the retail sector. The company which is best known as one of the largest retailers of aftermarket auto parts has been on a tear of late. Earnings have seen double digit gains in each of the past 8 quarters while sales have maintained high single digit...
    On May 23, 2016 / By