Thursday, May 15, 2014 8:07 AM EDT
Weekly Charts Updated
Each week we highlight charts below of the SP500, 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/sector/asset class. More...
Daily P/Laybook: Futures In The Red
US futures: SP -3.25, Dow Jones -31.00 NDX -4.25 with fair value a bit lower. Asia lower with Europe mixed. Copper higher with silver and gold lower. WTI Crude lower and Brent Oil Futures higher. Natural Gas lower. $ is higher vs Euro, higher vs. Pound and flat vs. Yen. US 10 year Treasury yield -1. Prices as of 7:55 a.m. EDT. More...
Today's Superstock Investor Stock Scorecard:
APPLIED MATERIALS INC (AMAT)
Large Cap tech stock Applied Materials (AMAT) will report earnings after the close. Estimates are $0.28 versus $0.19. The stock has had a nice run and is now near its price target. Since last May the stock has moved up by 50% quite a move. If we owned we would stay long, but if considering we would wait for a better opportunity. More...
Articles That Matter:
Europe Economy Recovery Weak
This morning's Wall Street Journal is reporting on the weaker European economy. Gross Domestic Product grew at 0.2% when the consensus expected 0.2% growth. This gives ammunition to the European Central Bank (ECB) to use its arsenal to either lower rates or provide liquidity to the system. Markets will like this move. More...