After a rather rocky road traveled in the first half of 2017, J.C. Penney sales results improved dramatically in the latter parts of the calendar year. J.C. Penny, a retailer gone awry after decades of success some might say. In 2018, J.C. Penny will look to recapture some of that long lost success. On the…...
This week is likely to prove a considerably important week as equity markets have gyrated back and forth throughout February and through the first couple of trading days in March. Stability in equity markets is needed to recapture investor confidence and without said stability a retesting of the February lows is a probable consequence. Some…...
On February 27, 2018, Macy’s reported its Q4 2017 and FY17 results. With some retailers and especially Macy’s, following the numbers for the 4th quarter can be cumbersome, as they had offered holiday sales guidance updates previously. On January 4, 2018, Macy’s offered its November and December 2017 sales in a press release as follows:…...
Despite the recent level setting of market expectations and more recent equilibrium found in the major indices, I wouldn’t sound the “all clear” bells just yet. After bouncing off of key levels during the greater than 10% market correction, all 3 major averages finished higher last week. The Dow rose 0.4% over the week while…...
As we come into the final trading days of February, we’ve had some pretty technically responsive price action as stocks continue to recover from the correction that took place earlier this month. We mentioned in the previous technical report that the SPX had put in a double bottom pattern and we were awaiting prices to…...
In light of declining volatility – the VIX index and its term structure started to normalize Wednesday – where could this market head and what type of hedges are of the best value with option premium still at elevated levels? To recognize the probability paths is to understand the market oddities involved in the Volatility…...
After an outside reversal trading day last Friday that found the Nasdaq going from up 1% to negative .23% and the Dow and S&P 500 basically flat for the day, index futures are in the red and following the lead of Asian markets. Friday’s late day reversal came on the announcement from the Robert Mueller…...
Last week we took a look at the price action of the S&P 500 after a very volatile week. We suggested that given particular technical indicators, price would at least come to test the 2600-2500 lows that were put in last Monday, and that is what we had during Friday’s trading session. Prices came to…...
Last week was a measured action against extremes. The downturn in U.S. equities last week ended a streak of 404 trading days without a 5% pullback in stock prices from the previous high. That marked the longest such streak in market history, an extreme. The S&P 500 closed on Friday at 2619.55, rallying 1.5%…...
SPX 500, CFD (Daily Candles) As we enter the corrective phase of the market moves, we seek the guidance of technical analysis to provide us with some insight on possible market moves for the upcoming sessions. Above you will find a Daily Candle chart of the S&P 500 Contracts for Difference, which tracks the SPX.…...
