Market Bytes 07-Apr-2016 Nifty futures yesterday we had discussed a narrow trading range between 7600 and 7650 and markets did exactly hover between that range (Low High: 50 points of each other). In that perspective the high low of yesterday becomes more imperative. Specifically on the downside we have a major support zone at 7600 levels. This was also the failed...
Unbelievable. Earnings reports this week show U.S. consumer stocks are doing pretty awesome. We had beats this week from consumer sensitive/cyclical stocks like: Amazon, Coca-Cola, Dunkin Brands, Domino’s Pizza, and Dr Pepper Snapple Group. Restaurant stocks are also getting some nice earnings growth. Boris Schlossberg of BK Asset Management said, “We are finally...
European stocks are out performing U.S. stocks. European stocks are up +7% in 2015 as of market close on 4/17/2015. The S&P 500 is up +1% in 2015. The global financial oligarchy has deemed the U.S. stock market's bull rally at 6+ years should now come to an end or at the very least, drastically slow down. Meanwhile, the coordinated central bank action is to...