Retail earnings are in full swing this upcoming week!
Here is a TA based version of my expectations for the week.
In previous quarters the strong USD and the slow down in Consumer Spending hit profits hard.
With retail sales up throughout the quarter and consumer confidence at 2016 high, all around beats are ...
candlestick has long wick wait for good candle to enter last time ran 3 days
read our book on amazon on entry and stop loss points
bollinger bands widening
relative strength strong
watch money flow
GBPNZD is dowtrend on H4 timeframe. Large volume taking price down. Bad consumer confidence forecast may take NZD down, rising the GBP. I'm going long. I'm taking this as a pullback in a downtrend, I'm also going short at top.
Consumer Staples SPDR ETF is looking good on both short term and long term basis.
On long term basis - XLP trades in both 5 and 10 year uptrend, as the price stands firmly above 1st upper standard deviations from both 5 and 10 year means It has tested its 5-year trend during the august selloff and held it ...