Bonds, The Slide May Have Just Begun
As we are in the midst of a huge week of economic data and central bank interest rate announcements, I thought it would be an appropriate time to look at bonds through the lens of a stock market like technical analysis. I say stock market like analysis as I am not looking at steepening/flattening of […]
Facebook, Back At Its IPO Price
The last time I penned my thoughts on Facebook Inc (FB) it was May 17th and the stock was trading around the $26th dollar mark. That day I titled my technical note ‘Facebook Stock Is In No-Man’s Land’ (http://investorplace.com/2013/05/facebook-stock-is-in-no-mans-land/) as the stock continued to trade well within the confines of a bull-flag type formation. I […]
Market Outlook Wednesday July 30th
After another yawner of a trading session yesterday, Tuesday July 30th, today we enter the last day of the month and the first of three central bank rate decisions this week. The FOMC announcement isn’t scheduled to hit the wire until 2PM ET, which means until then the snooze fest is likely to continue. For […]
Don’t Chase The Transports
Those that follow the Dow Theory look to the transportation group as a leading indicator. The logic follows that an uptick in economic growth should first be seen by the transportation stocks as materials being ordered first need to be transported before they can be turned into products. Over the past decades, as the US […]
Market Outlook Tuesday July 30th
To no great surprise in these parts, yesterday’s action in the broader US stock indices was lackluster. Those traders that actually made an effort to lug themselves to the office likely squared a few more positions here and there ahead of the huge economic data and corporate earnings week ahead. In other words, a week […]
Equifax Inc Staging A Notable Breakout
Technology services company, Equifax Inc. (EFX) is one trendy company. And by trendy in this case I am referring to the stock’s stellar up-trend that dates back to October 2011. After a good run off its 2009 lows, the stock chopped back and forth until in February 2012 it gained enough momentum to blast past […]
Market Outlook Monday July 29
Happy Monday and welcome back to a fresh five-set match. With another plethora of corporate earnings reports ahead and a busy week on the economic data front, both bulls and bears alike will have plenty of data to digest. In terms of economic data this week, the following three reports are what I will have […]
YUM Brands Sniffing At A Major Chart Breakout
Fast food service operator Yum! Brands, Inc (YUM) is trading decidedly higher on the year, much like the consumer discretionary sector to which it belongs, and well, just about most other broader indices. Through a technical lens the stock experienced and passed in flying colors a couple of tricky passages in February and again in […]
Market Outlook Friday July 26
“The summer wind, came blowing in – from across the sea It lingered there, so warm and fair – to walk with me All summer long, we sang a song – and strolled on golden sand Two sweethearts, and the summer wind” – Summer Wind, Frank Sinatra Earlier in the week I wrote a piece […]
Panera Bread Done Rising?
Bakery cafe operator Panera Bread Co (PNRA) rose more than five hundred percent over the course of the past five and a half years. In so doing however the stock was continually subjected to healthy mean-reversion moves that simply allowed it to cool off and thus lower the danger of a more meaningful collapse. At […]