We often discuss the Spearman Indicator as well as other important technical levels as inflection points begin to appear. So far this year, there has only been one significant reversal that occurred right on the first trading day of 2013. Other than that, there has not been reading that could...
According to Bloomberg, of the 287 firms on the MSCI Asia Pacific index that have reported earnings so far this quarter and for which Bloomberg has estimates, 53 percent have exceeded profit expectations. Some 54 percent have missed sales projections, the data compiled by Bloomberg show. That compares with 75...
Just a quick check on the latest moves for the commods. Clearly there has been a rather significant move in the food space and gold is breaking down, even with all of the central bank pump.
There are still earnings reports rolling in and this week there will be 53 S&P 500 companies on deck. We will be watching Fossil (FOSL) as that will be an interesting read through for Michael Kors (KORS), a company that we are short in TDIMG Portfolios.
Cliff’s (CLF) will also be...
Last week we had a relatively small amount of economic reports to contend with. That allowed the markets to spend more time focusing on fundamentals of stocks. Earnings reports are coming in with the same overall look and feel as companies are beating lowered estimates and guiding down their future...
