Stocks & Bonds

Cisco (CSCO) Shares Lower On Earnings, Possible Double Top

Cisco (CSCO) traded 4% lower on Thursday morning, after reporting in-line earnings. The company reported earnings per share of $0.66 and total revenue of $12.46 billion, just above analyst expectations of $0.65 and $12.43 billion. Likewise, they provided guidance for next quarter of between of $0.68 and $0.70 for earnings,…

Investing Insights: Mental Accounting & Mind Games

There was a time when a cattle rancher in need of new shoes had to find a shoemaker who wanted a cow. This was the barter system which clearly impeded trade and specialization of labor (that cattle farmer may have given up and decided to make his own shoe). To…

S&P 500 Futures Trading Update: Market Drift

Broad Stock Market Futures Outlook for May 17, 2018 We are in a bit of a fade to support in larger intraday time frames, so the breach of yesterday’s lower high will be important to the resumption of bullish trend. Oil continues to accelerate higher. Gold is stabilizing around 1284 for…

2018 Debate: Stock Market Correction Or New Bear Market?

The answer to the question is this a normal correction or the start of something much worse will only be revealed over time.  However, there are numerous ways to gain a better understanding of the probabilities, including Fibonacci retracements. It is relatively common for an existing bullish trend to retrace or give…

S&P 500 Futures Trading Update: Testing Key Support

Broad Stock Market Futures Outlook for May 16, 2018 Another failure to break higher and another test of lower support have caution lights continuing in the current bullish formations. We are a bit range bound with buyers holding us above key support, but repeated failure to hold a breach will indicate…

Global Equity Valuations Undergo Minor Reset: Is That Enough?

The global equity market correction has driven a reset in a number of market metrics such as sentiment (both economic sentiment and investor sentiment), fund flows, positioning, volatility, and of particular interest – valuations. Yet as much as there has been a minor adjustment in valuations, a couple of things…

S&P 500 Futures Trading Update: Will Buyers Step Up?

Broad Stock Market Futures Outlook for May 15, 2018 Failure to break higher and a test of lower support have caution lights showing in the current bullish formations. The first pass dips into support zones will likely find buyers. Repeated failure to breach or hold highs will indicate more downside likely….