Market CommentaryMore Market Commentary
VMWare Inc. is scheduled to report earnings after Tuesday’s closing bell. Headquartered in Palo Alto, CA, this company specializes in cloud and software virtualization services.
VMW Share are down slightly over 2% in 2014, but are off nearly 21% from their April 1 high of $111.83. The stock has traded in a 52-week range of $76.51-$112.89.
Analysts are calling $1.5 billion in revenue with EPS of $0.83 per share. In their last report in July, VMWare beat out analyst estimates but the stock ...
December Canada Dollar Futures a Selling Opportunity on More Price Weakness
See on the daily bar chart for the December Canadian dollar futures that prices are in a solid downtrend and have recently hit a contract low. The bears have the firm near-term technical advantage. A move in prices below chart support at Tuesday’s low of .8840 would become a selling opportunity. The downside price objective would be .8550, or below. Technical resistance, for which to place a protective buy stop just ...Read More
Humans are creatures of habit and that is why history will almost always repeat at some time in the future. The same holds true for our financial system as well as the stock market.
I have always been a big “fractal pattern” believer and do a lot of my research for future direction, based off of a similar pattern that has happened in the past. History will mimic, but not repeat exactly for the most part, as will fractal patterns. But they are a great guide to what to expect in the future.
For three weeks the Aussie dollar pressed chart support at 0.866 U.S. dollars and stabilized, and this week is generating follow-through buying. Enhancing the odds of further upside from here is the tall upper shadow and small real body that appeared two weeks ago on the weekly chart. This pattern of behavior often points to seller exhaustion after a downtrend.
This is a reasonable place for a long swing trade in the Aussie dollar or FXA . Short covering rallies can sometimes be...Read More
The S&P 500 Composite Index rose for the 3rd consecutive trading day and finished above its closing prices of the previous 5 trading days on Monday. SPX has recovered a moderate fraction of its 4-weeks loss, but still it might be premature to speculate that the bull market has revived. SPX remains below both its 50- and 200-day SMAs, now at 1,966.72 and 1,906.39.
NYSE total volume fell 26% to a level 0% above its 200-day SMA. Generally, rising volume confirms the direction of a price move,...
Featured StoriesMore Featured Stories
How many times have we been told that communication is the key to a good marriage or a good friendship? In the business world, we are told that communication is the key to success. I am a big believer in the power of open communication. It’s one of the main reasons that Guardian Accounting Group has a flat fee structure. We never want our clients to be afraid of talking to us about a tax situation because of an hourly fee. Clients are encouraged to call us with all their tax questions and con...Read More
You can look at markets and make trading decisions in many ways. Market Profile® has been an indispensable tool in my trading career. While Market Profile is a lifelong study, three characteristics I use to increase the probabilities of making successful trades are areas of acceptance and rejection, trade location, and context.
Areas of Acceptance and Rejection
The most useful characteristic of Market Profile is how it paints the picture of acceptance and rejection of price over time. It show...Read More
In a recent interview, Rick Rule of Sprott Asset Management made a strong case that this bear market may be looked back on as “the good old days” in terms of the golden opportunity to invest in the precious metals sector.
Rule said there has been “carnage” in the precious metals markets over the past three weeks, adding to “slow motion” carnage since 2012. He said it is “Difficult for people to see benefit in this type of carnage.” However, he argued, “Three or four years from now, we’ll look...
When fears grip the public about the spread of virulent diseases such as Ebola and other malicious conditions, it is time to assess the situation and enact strategies to enhance safety…health-wise and financially as well.
World health authorities believe that that Ebola and other contagious maladies will have a significant effect on the world economy. The U.S. is enacting emergency procedures and our healthcare industry is gearing up for what will be a difficult challenge for society at large ...
Technical analysis is widely used in the trading community to forecast the market. There are numerous texts on the subject. There are well known traders and authors who have made famous their particular niche, e.g. candlesticks, point and figure, Bollinger Bands®, etc.
There’s even a body, the Market Technicians Association that offers a professional designation to candidates who have demonstrated expertise in the subject matter by passing three levels of rigorous testing and abiding by the ...