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,…
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…
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…
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…
Tech stocks have been the life blood of the bull market, especially the run higher over the last 2 years. But the recent selloff has caught investors attention. The bulls hope that the selling is morphing into consolidation… that will eventually breakout to the upside. But for now, the bears…
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…
The 10 Year US Treasury Yield is getting the attention of investors here around 3 percent. Well, it looks to be headed higher yet in the weeks, months ahead. Here are four chart views on the CBOE 10 Year Treasury Note Yield. Fibonacci Time Zones: Fibonacci Time Zones are vertical…
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…
The major indices all broke out of basing patterns (triangles) with the Russell 2000 (RUT) Small caps finishing last week at a new all time closing high and the NASDAQ 100 (QQQ) only 2.4% away from a closing all time high. The S&P 500 busted out of its major triangle…
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….
