PepsiCo Inc. NYSE:PEP has recorded second quarter profits of $15.395 billion, ahead of the average analyst estimate of $15.37 billion. One of the spin offs of this is that the company’s stock prices have been moving in the right direction, reaching an all-time high of $109 per share on the NYSE on the evening of June 6, 2016. Earnings per share ended at $1.35,...
FMSA has been running for the past week and the only reason this one is on my eye is because it is approaching the 8 dollar whole number resistance where it has failed previously, so i'm watching for the test of the 8 dollar mark then the fail. i'm going to enter short into a morning spike leaving a little bit of wiggle room for my stop slightly above the eight...
The Euro is still one of the main pairs on my trading radar as it has been all week. Although we've yet to reach the level where I have buying interest we have been able to take a few bearish day trades in anticipation.
(If you missed my rant yesterday on the USD Bulls and the game they played during the FOMC yesterday make sure you check out yesterday's...
As we've stated in our previous analysis, we expected AUDUSD to continue rising towards its 61.8% retracement level. But price declined to as low as 0.7330.
We still anticipate aussie to rally to 0.7570 before trending down. A break from its bearish channel (red) would give us a clue.
Price managed to break from its channel but wasn't able to reach the 54.00 mark. Instead, it went down, targeting 48.00 - 47.80 before we see price soar up again.
After observing the $XGTI trend for the past weeks, this is what I predict, feel free to dispute what I said. i hope all the #BULLS are ready to grab some profit...
If the market continues lower from passing below the 50MA on Friday then I will be watching FCX for a short during the breakdown below $10.30 support level. This is mirroring the market being that it has also crossed below the 50MA, will be watching the market to see my move on this one.
Nice possible bounce at trend line. It goes left of the graph so pan to see that.
My indicators agree with the fibs, I know they may be confusing lol.
Buying in at 0.79213 and stop at 0.79100 with a pt of 0.8100
$MCEP has been parabolic and is near the past resistance @ the 3.50 level. The RSI is around 81 and is extremely overbought, I will be watching MCEP right out of the gate for a confirmation of the short. Keep an eye on this one tomorrow!
