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Thursday, May 24, 2012
Weekly Charts Updated
Each week we highlight charts below of the S&P500, Russell 2000, NASDAQ Composite, UUP, EEM, TLT, HYG and CFT. The charts use the 50 day moving average slope indicator. When it is green we like the instrument we are tracking and when it is red we avoid the name. The TLT and UUP are positive with all others having turned negative. It remains make or break time here and looks like we are breaking. More...
Futures Have Rebounded Nicely
US futures (S&P +5.10, DJI +40, NDX +10.20) Asia mostly lower and Europe higher. Copper and gold higher with WTI Crude Futures higher. $ is higher vs euro, higher vs. pound and lower vs. yen. US ten-year Treasury Yield +.015. More...
Today's Superstock Investor Stock Scorecard:
VERIFONE SYSTEMS INC (PAY)
Verifone (PAY) will report earnings after the close. Estimates are $0.61 versus $0.46. The stock is now 46 away from its price target. More...
Articles That Matter:
Change In The Head of McDonalds (MCD)
McDonald's (MCD) CEO Jim Skinner will step down and its new CEO Don Thompason has a big to do list as the stock struggles in 2012 after a huge run the past few years More...