The major stock market indices all broke out of complex inverse head-and-shoulders formations early this week. And based on the size of these bullish patterns, they could have additional upside in the near term. Yet I’m still bothered by the non-traditional and trajectory lacking potential double bottom. Whether this comes…
Today I am going to take a look at Apple’s stock (AAPL) and discuss the recent price action… along with the AAPL yearly pivots. The stock has moved lower over past few days. The move lower has comes from a price area that I highlighted early in the year as…
We know there’s something going on in the Dow Jones Industrials… Since there will be a follow up post coming, we’ll call this part I. What a rip it’s been since Six Hundred- Sixty Six on the S&P 500. Let’s look though, at the most widely followed US stock market…
Earlier today, we shared a few concerns for tech investors, focusing on the Nasdaq Composite chart. Well, there’s another concern within Tech-land: Potential weakness in the bull market leading Semiconductors. In the chart below, you can see how strong the Semiconductors ETF (SMH) has been since the 2009 lows. For…
Skechers (SKX) traded 28% lower on Friday morning, catching investors by surprise, after lowering Q2 guidance to below that of Wall Street analysts. Overall, SKX managed a decent earnings call, reporting earnings per share of $0.75 and revenue of $1.25 billion, compared to analyst expectations of $0.74 and $1.20 billion….
Broad Stock Market Futures Outlook for April 20, 2018 Resistance levels held for us yesterday and a fade into support deeper than the day before. Today, we are in a retrace of some of this deep support action. Profit taking may take the dips a bit deeper for now. Yesterday’s lows…
The month of March has produced some major turning points for the Nasdaq Composite over the last 20 years. The Nasdaq topped in March of 2000 and bottomed 9 years later in March 2009. Is it possible that 9 years after the major bottom, we put in a major top…
Philip Morris International (PM) traded 14% lower on Thursday morning, after reporting earnings that beat Wall Street expectations but missed on revenues. Whoa! Philip Morris reported earnings per share of $1.00 and total revenue of $6.9 billion, compared to analyst expectations of $0.90 and $7 billion. The company updated its…
Metal heads have been very patient in 2018 as Gold continues to press up against breakout resistance. One thing that has been missing is Silver strength… but yesterday’s big move by Silver may be the lift that precious metals need. During bull markets for precious metals, silver tends to lead….
The commodities space has dealt investors a difficult hand over the past decade. Back in 2010/11, the Thomson Reuters Equal Weight Commodities Index peaked following a fast and furious move to the upside. Since then, Commodities have been a mess. Failed rallies and rangebound trade have caused frustration across crude…