The 4H USD/CHF chart shows a market that has found support at 0.9114 twice and is forming a double bottom. A completed double bottom coincides with an upside break to the declining trendline seen in the 4H chart. The latest 4H candle is very convincing for a bullish correction to
USD/CHF Forming a Double Bottom
January - 31 - 2012
EUR/USD Breaks Below Rising Channel Testing the 1.3050 Pivot
January - 31 - 2012
The EUR/USD bounced off the 1.3077 support but failed to reach new highs yesterday, and instead slid during the 1/31 European – US session. The decline was sharp, and it broke the 1.3077 pivot as well as the rising channel, now testing the 1.3050 pivot. Note this was resistance for
Stocks down, trying for best January since ‘97
January - 31 - 2012
The stock market lost ground Tuesday but still appeared headed for its best January finish in more than a decade. An unexpected drop in consumer confidence dragged stocks down after a strong open.The Dow …
RadioShack’s Problem Is Management, Not The Economy
January - 31 - 2012
By Vince Martin:
RadioShack (RSH) is off almost 30% after providing preliminary fourth quarter earnings results that were sharply lower than analyst expectations. The company guided for per-share earnings of 11 to 13 cents, well below the consensus average estimate of 37 cents per share. The company blamed a lower-margin mix of customers with wireless plans through Sprint (S), one of RadioShack’s key partners.
RadioShack also eliminated its $200 million share repurchase program, authorized just three months ago, in order to “continue to reinvest in our business.” The company’s 50 cent dividend — doubled in conjunction with the buyback — will remain intact.
The bad news for RadioShack will no doubt entice RSH bears, who are fond of comparing the company to struggling Best Buy (BBY), or now-departed electronics retailer Circuit City. But it’s not entirely clear that Monday’s news is the beginning of the end for RadioShack.
Quarterly sales actually beat Wall
Stocks down in bid for best January since ‘97
January - 31 - 2012
The stock market appeared headed Tuesday for its best January finish in more than a decade. An unexpected drop in consumer confidence dragged stocks down on the final day.The Dow Jones industrial average …
Movers roundup: Best Buy, US Steel
January - 31 - 2012
Among the stock activity stories for Tuesday, Jan. 31, from AP Business News:— Shares of Best Buy Co. Inc. fell after competitor RadioShack Corp.’s fourth-quarter preview served as a bad omen for the wireless …
Wall Street dips on weak economic data
January - 31 - 2012
Stocks edged lower on Tuesday after a batch of weaker-than-expected economic reports gave investors reason to pause after strong gains in world equity markets. Stocks have rallied sharply since last year, …
AUD/USD is Setting up Range Between 1.0683 and 1.0525
January - 31 - 2012
The AUD/USD rallied from the 1.0525 pivot yesterday, staying in a rising channel (seen in the 4H chart), and advancing back to last week’s high near 1.0683. Failure to break above and a subsequent decline in the US session sets up a range between 1.0525 support and 1.0683 resistance, with