NKE stock has been moving lower over the past 2 months, despite that impressive fiscal Q2 earnings report in December and more importantly their futures orders in front of a highly anticipated year of global …
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With the S&P 500 index perched right at 1700, how do other global equity indices look? Before we get to the details, here are my rankings based purely on the charts: Europe U.S. Japan Hang …
Continue readingMorningWord 7/9/13: Get ready, because I have a little rant coming your way. Not because I have been wrong on the direction of the SPX since the bounce off of the June 24th intermediate term …
Continue readingIn the last couple months, markets have moved much more overnight than during U.S. hours. While volatility in our markets has been higher than normal, it has been nothing compared to what most other global …
Continue readingTrade Update June 24th, 2013: CMI is now down about 10% from my entry last month, catching up to the international market weakness in the past few days. The stock is breaking the 200 day …
Continue readingCummins Engines is the comeback king, the little engine that could, if you will. Check out its major comebacks in the past year after earnings and guidance disappointments: I’ve circled in red the major earnings …
Continue readingOn a quiet day, calls and call spread buyers dominated trading, with BAC and AAPL leading the way again. AAPL – Panic was evident on the open from the options market, as more puts were …
Continue readingThe past month feels eerily similar to mid-summer 2008. But it’s a bit of a remix. Back then, I remember quite vividly, many investors acknowledged that the U.S. banking system and housing market were in …
Continue readingI was debating between 2 interesting charts for today’s chart of the day, but I chose the following one because of its near-term relevance (while I’ve saved the other chart for another day – it …
Continue readingWSJ Pre-Market Brief: Market tone: Stocks seen higher on European gains; Dollar lower against major currencies; Treasurys unchanged; Nymex Sept. crude down 42 cents at $97.02/bbl; Gold up 0.8% at $1,679/oz Overnight action: Chrysler and …
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