Article By:
Zacks Investment Research
Tuesday, October 24, 2017 5:37 AM EDT
While a shift to mobile computing once threatened Google’s traditional search business, management has successfully adapted to changing consumer trends by expanding its operations into nearly every corner of the modern tech world.
In this article: GOOGL
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Article By:
Wall Street Daily
Tuesday, October 24, 2017 5:33 AM EDT
There’s a big difference between owning an entire business and owning shares or coins. The problem with owning a large asset is you can’t just sell it at the top. It requires finding a very rich “greater fool” — and they don’t grow on trees.
In this article: BITCOMP, NFLX
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Article By:
Don Dion
Tuesday, October 24, 2017 5:23 AM EDT
One of our most profitable IPO trading strategies - the one that we have been highlighting on our premium service in recent months - is shorting recent IPOs that meet certain criteria in the two weeks prior to their IPO lockup expirations.
In this article: AYX, OKTA, NCSM, XRF
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Article By:
The Heisenberg Report
Tuesday, October 24, 2017 5:12 AM EDT
The S & P has had 15 straight days above 70 for the 14-day RSI and according to Morgan Stanley, that does not bode well going forward. Historically, the median decline over the next 30 days is 4.5% after this set up.
In this article: SPY
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Article By:
Marvin R Clark
Tuesday, October 24, 2017 4:51 AM EDT
U.S. stocks finished Monday's trading session lower ahead of a heavy dose of earnings and economic data set to be released this week. Treasury yields dipped and the U.S. dollar ticked higher.
In this article: HAS, CSCO, VFC, DJI, SPX, OIL, USO, UUP
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Article By:
ForexCycle
Tuesday, October 24, 2017 4:38 AM EDT
AUD/USD’s fall from 0.7897 extended to as low as 0.7795. Further decline is still possible and next target would be at 0.7732 previous low, followed by the resistance-turned-support trend line on the weekly chart now at around 0.7690.
In this article: FXA, UDN, UUP
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Article By:
Yohay Elam
Tuesday, October 24, 2017 4:28 AM EDT
The German powerhouse rages on, with Markit’s manufacturing PMI still pointing to strong growth: 60.5 points, slightly above expectations.
In this article: ERO
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Article By:
DailyFX
Tuesday, October 24, 2017 4:21 AM EDT
Crude prices continued to move in lockstep with broader risk appetite trends, with a gap higher at the weekly trading open failing to find follow-through as sentiment soured. Crude is looking for direction below resistance in the 52.86-53.23 area.
In this article: BNO, DBO, GLD, OIL
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Since the end of the financial crisis, the dividend payout ratio has been on the rise and now exceeds the pre-financial crisis level. Companies are broadly optimistic about the future.
We are in the thick of the Q3 earnings season now, with more than 700 companies soon to release results, including 180 S&P 500 members. With results from 87 S&P 500 members already out we will have crossed the halfway mark by the end of this week.
Recently Russia announced that it will be unleashing a CryptoRuble, just a week after Vladimir Putin strongly criticized Bitcoin and other private cryptocurrencies.
Nasdaq stock prices have stalled to absorb an extremely overbought condition and other equity indices are overbought. It's reasonable the market would take a breather next week to ‘sell the news’ after some high profile quarterly earnings.
The Australian Dollar dropped lower in the last few days from 0.7883 after a corrective rally up in wave 2/B.
Endangered species like bears are struggling to emerge from an historic hibernation. Also there's no assurance that's immediately on tap now for a single reason...expectation of an expedited movement toward tax reform.
VIX created a bullish engulfing pattern in which the highs and lows exceeded the prior week with a weekly close above last week’s closing high. SPX made a throw over in the last day of the week by probing above its Cycle Top resistance at 2570.69.
