Easier Market Calendar year 1995 featured a very strong trend with little in the way of pullbacks for the S&P 500. Harder Market Since easier markets are typically followed by harder markets, it is not surprising 1996 was more challenging than 1995. We know “markets need to consolidate their gains”,…
Specialty metals producer Allegheny Technologies (ATI) was trading higher on Tuesday morning after exceeding Wall Street expectations. The company reported earnings per share of $0.32 and total revenue of $979 million, compared to analyst estimates of $0.24 and $933 million. Allegheny up on Earnings and Steel Pop As well, Chinese…
Alcoa (AA) plummeted 12% on Monday morning, after the US Treasury Department softened its aluminum sanctions. Aluminum prices fell by 8%, after a the Treasury Department said it would reconsider its stance on sanctions affecting Rusal, if Oleg Deripaska relinquished control in the company. “The US government is not targeting…
A popular Swiss Franc ETF is testing a key line of potential support. We mentioned this week in our regular #TrendlineWednesday feature on Twitter and StockTwits that many of the key trendline tests that we highlighted over the past few weeks have played out as a result of the recent bounce in stocks. Thus,…
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…