Did Technicals Offer One Edge Heading into CMG’s Recent EPS?
The chart that follows shows how similar the patterns in CMG and SBUX have been of late. If the patterns hold, SBUX could decline post EPS tonight like CMG did last week, touching its 38.2% Fib retracement support in the low…...
USD at a 2 Year High…What now for the Currency & Global Risk Assets?
On July 13 we asked if the USD was about to begin running into trouble given that it was about to register a two-year closing price high. We asked this question because somewhat counter-intuitively, when the USD has been printing…...
SPX’s Trend Not Yet Congruent with a Bear Market
The SPX’s 12 month moving average (MA) continues to exhibit a somewhat positive bias and slope as the green arrow in the chart below suggests. This is in contrast to the position of the same MA as the beginning of…...