The tug-of-war between softening economic data and robust earnings continued on last week, uncertainty illustrated by the S&P500 oscillation around the 1100 mark. On the earning side, 313 companies in the S&P500 have reported. 81% (255) have beaten earning expectations and 61% (or 189 companies) have beaten revenue expectations. In Europe, 209 companies of the [...]
Archive for the ‘Uncategorized’ Category
MARKET COMMENTARY: JULY 26-JULY 30
Posted in Uncategorized, tagged Durable Goods Orders, earnings, GDP, market direction, S&P, trading, unemployment, US consumer on August 2, 2010 | Leave a Comment »
65/70 Credit Spread on FCX
Posted in Uncategorized on June 14, 2010 | Leave a Comment »
Technical analysis: Potential double top developping after a long uptrend. Broke support level of 67, went down to 60 and has rallied back towards old support area, now acting as resistance. Crossover of two moving averages FCX made equal highs and lower lows Next resistance at 70, which might coincide with moving averages. Typically correlated [...]
PLANNING FOR THE WEEK: SEPTEMBER 27 – OCTOBER 1
Posted in MARKET COMMENTARY, Uncategorized, tagged calendar, economic calendar, ISM, PMI on September 27, 2010 | Leave a Comment »
The week is starting slowly with limited data release but the end of the week will culminate with the ISM Manufacturing Survey. It is an important number and it has been well correlated with the equity market in the past. Monday: Tuesday: US Consumer confidence Wednesday: Japan Tankan Chicago PMI (as a preview of Friday [...]
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