How long can this ascending wedge continue for?
So this spread revolves around the simple, brutal strength that we are seeing in the economy right now. People are spending huge amounts of money on eating out right now, and given the ISM and UMCSI numbers I don't see that slowing down any time soon. Here, we pit a strong, cyclical restaurant chain specializing in chicken against a weak, defensive, consumer...
XLY Bearish Credit Spread - Opened. XLY leaning very bearish this morning (Monday) with a possible movement to test the 115 area as expected. Entry 116.11. Break Even 116.68. 1.7:1 r/r Even with the heightened volatility this week, we will let this spread expire as it has a defined risk and reward.
It looks and feels like MCD will be hovering/consolidating around the $160 mark until more news comes in to spurt growth back into the $170 range. No major recovery from February has really taken place, even with the last quarter beats. Death Cross? As a company embracing more technology, initiatives have already been taken in the first half to help grow the...
Consumer Staples are breaking out of their highs, whilst the overall index driven by tech stocks is rallying on extreme momentum. Whilst the spread could widen further, the return to risk seems in favour of rotating into Consumer Staples, 30% behind in just 2 years. In 2007 to 2009 financial crisis, Consumer Staples fell only 30% against the broad market that...
The Current stock price is above both the 150 day and 200 day moving average. The 200 day moving avg line is trending up (for at least one month) early in the year. The Current stock price is trading above the 50 day moving average. The current stock price is at least 30 percent above its 52 week low. (3.5x years low) The current price is within 25% it's...
About to go buy shares in VOXX due to the breakout from a small base with a pick-up in volume. This was on the radar previously due to a break from the much better base beforehand as marked. Strong sector also. Long-term target is $17 as highs back in 2013. All-time high is $72.
This entry area of 159.50-60 will be predicated on the GBP CPI driving price down to this level. Once this level is hit I will look for a specific entry level and I will also post my price targets as well. This is not a high probability trade..its ONLY valid if the CPI numbers drive the Cable lower. We'll keep you posted.
EURUSD: Good forecast for USD consumer confidence. Selling EUR at fresh supply level
EURGBP: Consumer Price Index (CPI) forecasted good for GBP. Selling at fresh supply.
Measures:Level of a composite index based on surveyed consumers; Usual Effect:Actual > Forecast = Good for currency; Previous: 93% Forecast: 94%
Measures:Level of a composite index based on surveyed consumers; Usual Effect:Actual > Forecast = Good for currency; Previous: 93% Forecast: 94%
Genesco apart from being under fire from high tech competitors like amazon, is in the wrong part of the market, consumer staples. This baby looks WEAK! I am very bearish. #RIPerinoCappichino.
Summary: Comcast and Home Depot dragging down price. Amazon is keeping it from falling further
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 expected. Driving retail market capitalization back...
Consumer discretionaries are getting trounced. Watch this one...
Can their 6.5% profit margin and $1.2 billion debt withstand a consumer downturn?