Symantec (SYMC) is scheduled to report earnings on Aug 11, after market close. The EPS consensus is 43 cents per share vs. 45 year ago. A number of bullish candlestick patterns have emerged lately: Morning Star, Piercing Line and break-away gap. They suggest there is a Double Bottom formation in place, which may lead to higher prices (24,72 and 24,68). Upside...
The US employment report was mixed. Payrolls posted a 215,000 jobs gain, around June's level, while analysts had expected 225,000. The previous number was upwardly revised to 231,000. The unemployment rate remained at 5.3%, while wage growth came out at 2.1% year-on-year, up from 2.0% in the previous month. According to a latest Reuters poll, the median...
Employment in the US private sector disappointed last month, shattering hopes that the Fed will raise interest rates in September. The number of employees increased by 185,000 in July compared to the 229,000 booked in June, according to ADP. On Friday, the non-farm payroll report will provide further hints of labor market development, with analysts expecting a...
Yet another index that is showing it's true colors. We're are very close to another financial turmoil here in the states. Be prepared to capitalize on this drop and do not be blindsided. Please do not listen to Kramer when he tells you to "Buy Buy Buy!!!"
Thank you for your time and God bless you all!
Prepare for the coming storm. It's been a nice long run, but all good rallies must come to an end. We're nearing an inevitable drop. The market has sustained this rally for too long, on lower and lower bullish volume, is losing momentum, and will crash. You can see other equities and indicies preparing for the same style of drop. Do not get blindsided!
This is...
Previous entry hit SL however I believe the technicals are still pointing north despite all this Greek Crisis news.
The gap downs have formed essentially a double bottom at valid supply (first gap tested fresh supply, second gap retested this area) forming hopefully an area of strong support. This is also enhanced by the fact that this is a zonal area for...
What is orderflow?
Order flow in any market is the placing of either pending or market orders. Prices may move due to the placement of these orders. What this means is that current value (i.e the spot rate) changes when there is a consumption of liquidity at a particular price level.
Why is this important?
What is occurring with any price movement is that...
The last time INTC's chart performed the death cross it traded from 26.60 to 19.30 in a short period, well it has happened again. Right now we are trading at 30.79 but the pressure is mounting as institutional selling has begun. This to me looks like a great short , at least until earnings in April. INTC's forward looking guidance has the stocks estimate at...
$TSLA has a lot of resistance at the current levels. However, if Tesla can reclaim the 50 day, it is a sign of strength, and could lead it to the next high of ~$320.
A reclaim of the 50 day means: Gap is almost filled, $245 resistance broken, regression channel broken, and of course the 50 day is broken, leaving only $265 resistance, which isn't as strong.
Recent news:
* Deal with IBM
* Split 1:7
* Presentation of new iOS 8
* Acquisition of Beats for $2.6 bln + 400 millions of shares
Tendencies and perspectives:
* Smartphones with big screen threaten sales of iPad
* market share of tablets reduced according to research
* Smart home, Apple Smart-TV, Touch ID, iWatch - these are innovations that investors expect from...
