Technicals

The USD/JPY enjoyed a recovery after the risk-off sentiment faded away. Can it continue its upward trajectory? Not so fast? The Technical Confluences Indicator shows that that the pair initially needs to conquer the battle over 110.22 which is a dense cluster of technical levels including...

We just wrote about the drop in oil as the market braces for potential supply increases at next week’s OPEC meeting. Almost simultaneously, a big options trade in the United States Oil Fund (NYSE: USO) looked for the selloff to continue: 50,000 29-June 12.50 puts were bought for $0.12...

Shares of United Continental holdings Inc (NYSE: UAL) look like they're primed for a breakout.  The stock, which has struggled to regain losses from the February sell-off, is right up against the $73 handle, which has acted as resistance. The chart below from VantagePoint Software shows...

I continue to receive questions regarding the agonizing decline for the Consumer Staple Index in 2018 (we have no stake). As of this writing, consumer staples stocks are down -11.9% year to date as measured by the iShares Consumer Staples ETF (NYSE: IYK). Just for general knowledge, the main...

Lululemon Athletica (NASDAQ: LULU) traded over 16% higher on Friday morning, after reporting earnings that beat Wall Street estimates. The company recorded earnings per share of $0.55 and total revenue of $649 million, above analyst expectations of $0.46 and $615 million. Same store sales rose 20...

Netflix, Inc. (NASDAQ: NFLX) has been on a tear the last two weeks. Since the close on May 18 the stock is up 8 percent to $351 (as of this writing), blowing past its previous all-time high of $338 in the process.  As has been noted elsewhere, the spike has made Netflix a more valuable company...

Top brands that command premium pricing and customer loyalty can create significant competitive advantages over peers. General Mills, Inc (NYSE: GIS) offers a portfolio of leading brands and recently acquired high-growth pet food leader Blue Buffalo. Center-store weakness persists, but...

Casual-dining chains have not been winners during this economic expansion. Millenials, with their need for more social media-worthy experiences, have been blamed for the decline in conjunction with Baby Boomers moving onto fixed incomes as they retire. Dave & Buster's Entertainment Inc...

Deere & Company (NYSE: DE) traded 6% higher on Friday morning, after missing earnings and revenue expectations but raising guidance. The company reported earnings per share of $3.14 and total revenue of $9.75 billion, which came in below analyst expectations of $3.30 and $9.84 billion. They...

This article ortiginally appeared on FXStreet. The EUR/USD is suffering another down-day, reaching the lowest levels in five months.  High US yields support the US Dollar while concerns about Italian debt weigh on the Euro. The pair is in oversold conditions but continues falling...

For most of the last two years, the market was driven higher by strength in big tech, specifically the FAANG stocks: Facebook, Inc. (NASDAQ: FB), Amazon.com, Inc. (NASDAQ: AMZN), Apple Inc. (NASDAQ: AAPL), Netflix, Inc. (NASDAQ: NFLX) and Alphabet Inc. (NASDAQ: GOOGL). Those five stocks increased...

A review of inflation, interest rates, capacity utilization, and inventory point more towards the middle stage of an expansion. Basic Materials companies like chemical producers typical do well mid-cycle. Huntsman International has a solid balance sheet, lots of dry powder for strategic...

The following five stocks are currently in the midst of uptrends according to VantagePoint, an AI charting platform that uses intermarket analysis to predict future price action 1-3 days in advance. A couple of things to know in order to understand the charts below: Each chart is a 3-month...

On CNBC's "Options Action", Carter Worth shared with the viewers his technical analysis of Industrial Select Sector SPDR Fund (NYSE: XLI). The stock has underperformed the S&P 500 year to date and Worth noticed several bearish signs on its chart. Industrial Select Sector SPDR Fund...

The following five stocks are currently in the midst of uptrends according to VantagePoint, an AI charting platform that uses intermarket analysis to predict future price action 1-3 days in advance. A couple of things to know in order to understand the charts below: Each chart is a 3-month...