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  • Finance 0

    EU Session – Bullet Report – No Rate Hike For Now – Gold Reaches 2 Month High

    EUR/USD Intraday: turning down. Pivot: 1.097 Most likely scenario: short positions below 1.097 with targets @ 1.086 & 1.082 in extension. Alternative scenario: above 1.097 look for further upside with 1.1 & 1.102 as targets. Comment: the RSI is badly directed. Gold spot Intraday: under pressure. Pivot: 1123 Most likely scenario: short positions below 1123 with targets @ 1109.5 & 1104.5 in extension. Alternative scenario: above 1123 look for further upside with 1128 & 1132 as targets. Comment: the RSI advocates for further downside. Crude Oil (WTI) (H6) Intraday: further advance. Pivot: 31.68 Most likely scenario: long position...
    On January 29, 2016 / By
  • Finance 0

    Gold Drops On Profit-Taking

    Gold declined for the first time in four sessions as investors took profits from a recent rally to twelve-week highs. The XAU/USD pair initially tried to break out to the upside but the expected resistance between 1124 and 1127 kicked in and capped the market, dragging it back to the previous resistance now flipped to support at 1113. In economic news on Thursday, the Commerce Department reported that demand for durable goods fell 5.1% in December. Technically, the odds favor the bulls as long as the XAU/USD pair remains above the cloud on the 4-hour time frame. Bullish Tenkan-Sen (nine-period moving average, red line) – Kijun-Sen (twen...
    On January 29, 2016 / By
  • Finance 0

    EA Stock Drops On Drastic Revenues Miss, Beats Q2 Estimates

    Electronic Arts Inc. (EA – Analyst Report) just released their third quarter fiscal 2016 earnings results, posting earnings of $1.73 and revenue of $1.07 billion. Currently, EW has a Zacks Rank #3 (Hold), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below. Electronic Arts:                                    1. Beat earnings estimates. The company posted $1.73, beating/missing our Zacks Consensus Estimate of $1.70.  This number excludes $1.87 from non-recurring items. 2. Missed revenue estimate...
    On January 29, 2016 / By
  • Finance 0

    Cat Herders In The Oil Patch – Financial Review

    Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW + 125 = 16,069 SPX +10 = 1893 NAS + 38 = 4506 10 Y – .02 = 1.99% OIL + 1.43 = 33.73 GOLD – 9.70 = 1116.00 The story of the day was oil, and it made for another ridiculous day of trading, dragging stocks up and down in its wake. Oil rose as much as 7.8% after Russia’s energy minister said that OPEC and other producers may meet to discuss output. Then, OPEC delegates said no talks were planned and oil prices floated back down to earth. OPEC is comprised of countries that rely on oil to fund national budgets. So, low oil prices have resulted in national de...
    On January 29, 2016 / By
  • Finance 0

    T2108 Update – Full Bull While Peering Over The Edge Of An Extended Oversold Period

    T2108 Status: 18.1% (as high as 19.4%)T2107 Status: 15.3%VIX Status: 22.4General (Short-term) Trading Call: bullishActive T2108 periods: Day #15 under 20%, Day #18 under 30%, Day #34 under 40%, Day #38 below 50%, Day #53 under 60%, Day #394 under 70% Commentary “Full bull” is a term I used to apply to stocks that I targeted for aggressively bullish trading. I think I can also apply it to Facebook (FB) which happens to have a very relevant ticker symbol.   Facebook (FB) soars 15.5% to close just below a new all-time high. FB is now a poster child for “full bull” because it easily survived its test of support at its 200-day moving aver...
    On January 29, 2016 / By
  • Finance 0

    E The Federal Reserve Financed WW2 But Cannot Finance America Now

    World War 2 was financed by the Federal Reserve Bank. The Great Depression came to an end through a dreadful war that was likely brought on by the central bankers’ failure to finance economies in the Great Depression and prior to it:  When the United States entered the war, the Board of Governors issued a statement indicating that the Federal Reserve System was “. . . prepared to use its powers to assure at all times an ample supply of funds for financing the war effort” (Board of Governors 1943, 2). Financing the war was the focus of the Federal Reserve’s wartime mission. This mission differed from the mission of the System befo...
    On January 29, 2016 / By
  • Finance 0

    Moronic Mimicking Minds

    A picture story in four parts:...
    On January 29, 2016 / By
  • Finance 0

    Skyworks Solutions Rising On Q1 Estimates Beats

    Skyworks Solutions Inc. (SWKS – Analyst Report) just released their first quarter fiscal 2016 earnings results, posting earnings of $1.48 and revenue of $926.8 million. Currently, SWKS has a Zacks Rank #4 (Sell), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below. Skyworks Solutions:                          Beat earnings estimates. The company posted $1.48, beating our Zacks Consensus Estimate of $1.46. This number excludes $0.34 from non-recurring items. Beat revenue estimates. The company saw revenue ...
    On January 29, 2016 / By
  • Finance 0

    Store Capital – Chart Of The Day

    The Chart of the Day belongs to Store Capital (NYSE:STOR). I found the REIT by using Barchart to sort the All Time High list first fr the highest technical buy signals then I used the Flipchart feature to review the charts. STORE Capital Corporation is an internally managed net-lease real estate investment trust. It is engaged in the acquisition, investment and management of Single Tenant Operational Real Estate (STORE properties). The Company provides net-lease solutions principally to middle-market and larger companies that own STORE Properties. It invests in single-tenant real estate such as chain restaurants, supermarkets, health cl...
    On January 29, 2016 / By
  • Finance 0

    AUD/USD: Bullish Reversal Week Amid Positive S/T Momentum – NAB

    The Australian dollar enjoyed a positive inflation read among other reasons, and advanced. What do the charts tell us? Here is their view, courtesy of eFXnews: Trend: The recent bounce completed a bullish weekly reversal pattern last week that implies exhaustion in the downtrend and the need for a further period of consolidation/correction. Tuesday’s dip held above ST 61.8% retracement support at 0.6911 (low 0.6919) and the strong close completed a ST continuation pattern, confirming an uptrend bias in the ST. While the likelihood of further ST gains is high, only a weekly close above the broken triangle base at 0.7150/70 would negate t...
    On January 28, 2016 / By