#Darden #restaurant, #C19cronavirus #carryout #delivery #US #Canada #warchest $DRI Darden Restaurants (NYSE:DRI): With Phase 1 opening procedures in place, the restaurant industry is close to leaving the horror of being totally shut down except for carryout and delivery, everywhere but California that is where Monday the Governor shut the industry down again hammering Darden stock. […]
$RESI All during the developments and stabilization of the instant recession from C-19 in Y 2020, 1 Key segment that has remained under pressure has been the REITs. This is true for apartment and mortgage REITs, as well as those tracking eldercare, healthcare, retail and office properties. As with all sell-offs, some REITs have been […]
$BAC Bank of America: This leading bank’s stock has been hammered 33% YTD. Bank of America Corp. (NYSE:BAC) has a huge presence in the US, providing various banking and financial products and services for individual consumers, small and middle market businesses, institutional investors, corporations and governments in the United States and internationally. It operates some 5,100 […]
$DIA $SPY $QQQ $RUTX $BLK $CS $JPM Stocks extended their rally after the Senate and Fed took unprecedented measures to protect the US economy from the coronavirus shock, with Black Rock (NYSE:BLK), Credit Swiss (NYSE:CS) and other big Wall Street banks said Thursday night that the major US stock market indexes marked at an inflection […]
$DIA $SPY $QQQ $RUTX $VXX Investing like a savvy investor during a Bear market often yields better returns, but it means avoiding emotional-driven decisions. The benchmark that Wall Street uses to determine a Bear market is when the stock market takes a 20 – 22% decline. But following the strategies of millionaires or successful hedge funds […]
$RACE There is a savvy Wall Street adage that advises: “be fearful when others are greedy, and be greedy when others are fearful“. A Key way to measure the level of fear in a given stock is through a technical analysis indicator called the RSI (Relative Strength Index), RSI measures momentum on a scale of […]
$XAU, $GLD The recent sell-off in gold has triggered massive gold demand from India. Recall that India had been dormant since June, when the Government increased the import duty by 25% on imported kilo bars. But the lower price of world gold, combined with India’s peak seasonal gold buying period has unleashed India’s gold importation […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FlASH: The implied likelihood for a 50-bpts rate cut at the September FOMC meeting climbed to 23.5% Vs 1.5%. Friday, according to the CME FedWatch Tool. Expectations for the Fed to step up its easing efforts amid increased risks to the economic outlook expounded the flight-to-safety in gold and US […]
$RACE Ferrari (NYSE:RACE) gaped open higher and held the 4.06% gainer Tuesday, as the broad market got hammered, with all of the major US stock indexes down more than 1% on the day, and all 11 S&P 500 sectors finishing in the Red. The stock rose after the iconic Italian luxury Supercar maker beat earnings […]
$RACE Ferrari (NYSE:RACE) will report earnings Tuesday and the stock is very oversold in here. Shares finished Monday at:132.33-1.81 (-1.35%) in New York. After hitting resistance in mid-April, Ferrari lost the 20-Day MA support which turned to resistance. Monday, the stock gaped below the 50-Day MA, and failed to close above it, as buyers bought […]
$RACE Ferrari (NYSE:RACE) had the potential to win at Baku and again came up short. A series of errors were to blame, but Ferrari threw away an opportunity to set MercedesAMG back, and it did not. The Baku City Circuit is a dramatic but relatively low-energy trace, without the sort of high-speed corners that generate […]
Gold Stocks are Oversold, Gold Bullion is Not $GLD, $SLV The precious metals sector continues to correct and consolidate. Gold remains in a Bullish consolidation. It recently tapped resistance again and even though it has failed to breakout, it remains above long-term MS (moving averages) which are sloping upward. The Gold stocks and Silver remain […]
US Stock Markets Oversold, Up Strong Again Monday $DIA, $SPY, $QQQ, $VXX Technology and Financial issues led Wall Street’s Key indexes higher for a 2nd strong session running Monday, with steady bond yields and volatility also helping the stock market bounce back from its worst proformance in 2 years. Helping the market were gains of […]
Prada (HKG:1913) Downward Trend Overall, the bias in prices is: Downwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the downside. By the way, prices are vulnerable to a correction towards 24.22. The projected upper bound is: 22.83. The projected lower bound is: 19.69. The […]
Brexit ‘Correction’ Signals Back to Basics of Prudent Investing $DIA, $SPY, $QQQ, $VXX The beginning for the long awaited correction in the US equity markets was fast and a shock to many participants, severe some called it. But it was just 3.4% for the S&P 500 which is now -0.3% YTD. Brexit was not the cause […]
Wednesday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Wall Street fell for a 4rd day running, as investors continue to run from equities and rushed into safe havens asset due to a negative mood triggered by increasing Brexit fears persisted all through this Tuesday. Wall Street edged lower, although US indexes trimmed half of their daily […]
Friday’s Technical Outlook for DJIA (.DJI) $DIA, $.DJI Wall Street finished lower Thursday, as participants worried about the possibility of a soon-to-come Fed interest rate hike. The DJIA fell 91 pts but well off its LOD, and closed at 17,435.40, the NAS Comp lost 26 pts to end at 4,712.53, and the S&P 500 finished […]
Wednesday’s Technical Outlook for the DJIA (.DJI) Wall Street was unable to follow the lead of overseas share markets, finishing the day mixed. The DJIA + 0.27% to close at 18,053.60, the S&P 500 adding 6 pts to end at 2,100.80, the NAS comp finished off 0.40% at 4,940.33, this last weighed by weakness in […]