Technicals

The fiscal second-quarter reporting season is beginning to gain momentum. The week ended July 21 saw the release of earnings by eight Dow 30 components. Here is how each of them fared in the second quarter and how their respective stocks reacted to their earnings. 1. Goldman Loses Luster As FICC...

The success of an investor depends on proper identification of overpriced toxic stocks and the rightly priced ones. However, the over-bubble stocks and the fairly priced stocks are intermixed in the market place in such a way that it becomes very tough to differentiate between them. Investors who...

Acacia Communications, Inc. (NASDAQ: ACIA) shares are trading higher by $2.77 (6.6 percent) at $44.95 in Friday's session. In a week with very little news out on it, the stock has quietly added 12 percent with half of that gain coming in today's session. From last Friday's close of $39....

In last week’s article, I had noted that as long as the XIV was able to hold the 83.93 level, I expected to see it hit the 87.76 – 91.53 zone into this week with the potential to see a move into the mid 90’s prior to making a large degree top. On Tuesday of this week, the XIV...

The new high in the Dow Transports last Friday generated some new bullish market calls. The rapid reversal over the past few days has caught many by surprise as it dropped over 2% in three days. The market’s reaction to Tuesday’s earnings from United Continental (UAL) has not helped....

Microsoft Corporation (NASDAQ: MSFT) shares were seen trading lower by 53 cents at $73.69 in Friday's session. The stock is in the red despite posting a Q4 EPS beat along with a $44 million beat for revenues. Keep in mind, it had a nice rally ahead of the report. It was higher in nine of its...

Chipotle Mexican Grill, Inc. (NYSE: CMG) shares are trading lower by $7.00 (2 percent) at $349.05 in Friday's session. The stock is trading lower for the sixth day in a row, falling from its July 13 close ($400.04) to $345.75 earlier in today's session. The stock has been under extreme...

General Electric Company (NYSE: GE) shares are trading lower by 90 cents (3.3 percent) at $25.79 in Friday's session. Despite a Q2 EPS beat of 3 cents along with a revenue beat of $61 million, the stock is deep in the red. CFO Jeffrey Bornstein sees FY 2017 EPS trending toward the lower-end of...

Small-cap stocks as measured by the iShares Russell 2000 Index (ETF) (NYSE: IWM) hit an all-time high this week, but investors should look to take some of their profit off the table, at least according to Rich Ross of Evercore ISI. Taking a step back, the Russell 2000 has been showing some signs of...

The strong fundamentals of Activision Blizzard, Inc. (NASDAQ: ATVI) are supported by technicals as well. Needham analyst Laura Martin said shares have strong upward bias, with several positive technical indicators. Listing down the positive technical indicators, the analyst said: Activision...

Amicus Therapeutics, Inc. (FOLD) rocketed up 90 cents, or nearly 7%, to close at $13.81 on unusually heavy volume of 7.8 million shares traded Tuesday. The move came with news that the company will close the stock offering it opened last week, having successfully raised $258 million to fund future...

Originally published on ElliottWaveTrader.net. Last week, I noted: "As long as last week’s low is not broken, the market still has a set up in place to rally up towards the 2500SPX region." And, as we saw, the market has rallied up towards our long-term target region. The high we...

The stock market reached a new all-time high on Friday, as the S&P 500 (SPX) settled 34 points higher at 2459, a rise of 1.4% for the week. This happened after the market dipped to 2412 on Tuesday, after a tweet from Donald Trump Jr related to a meeting with a Russian lawyer. On Wednesday and...

Last week started off with many on Wall Street still convinced that the Federal Reserve would act irrationally and raise rates quickly. After their careful steps to recover from the great recession I thought this was unlikely. The mid-week testimony by Fed Chair Janet Yellen reassured the markets...

Source: Clive Maund for Streetwise Reports   07/15/2017 Technical analyst Clive Maund's analysis of the charts is indicating that gold and silver are positioning for a big move upward. We've had to wait 18 months for an opportunity as big as the one we saw late in 2015 to appear...