Thursday, August 07, 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 Higher. ECB Leaves Rates Unchanged. Press Conference 8:30.
US futures: S&P 500 4.75, Dow Jones 26 and NDX 4 with fair values flatish to up. Asia and Europe mixed. Copper along with silver and gold higher. WTI Crude higher and Brent Oil Futures lower. Natural Gas is higher. $ is higher vs Euro, higher vs. Pound and higher vs. Yen. US 10 year Treasury yield -2. Prices as of 7:45 a.m. EDT. More...
Today's Superstock Investor Stock Scorecard:
CBS CORP (CBS)
CBS Corp (CBS) will report earnings after the close. The stock has nice upside. We note short selling is at a 5 year high. There is nice upside to this name despite the fact earnings are rather anemic with an expectation of $0.72 versus $0.76 a year ago. More...
Articles That Matter:
Goldman's Worries, Bank Of America To Settle With Government & Russia Bans Food Imports
Goldman Sachs has weighed in on the three big risks to stocks. They are geopolitical, China and rising interest rates. Thanks for that great insight. Second, Bank of America looks to settle with the government. The last key story is that Russia bans all food imports from the EU, U.S. and More...