Aussie’s anticipated retreat from 0.8860 (we entered short at 0.8800) adds credence to our view that the rebound from 0.8066 is the wave 2 of wave (C) and bearishness remains for further decline to 0.8369 (61.8% Fibonacci retracement of 0.8066 to 0.8860), however, a daily close below there is needed

SUBSCRIBE

Sign up today for our free weekly newsletter.

Not Sure About Apple? Buy Qualcomm Instead

By Benjamin Koellmann:
Despite another blowout quarter reported by Apple (AAPL) on January 24, it seems Apple naysayers still find reasons to make you doubt about investing in the company’s stock. Some of these critics doubt [...]

Not Sure About Apple? Buy Qualcomm Instead!

By Benjamin Koellmann:
Despite another blowout quarter reported by Apple (AAPL) on January 24, it seems Apple naysayers still find reasons to make you doubt about investing in the company’s stock. Some of these critics doubt [...]

Frenemies: Are Best Buy’s Best Selling Brands Also Its Enemies?

By Conrad Schickedanz:
There has been a lot said recently about Best Buy (BBY) facing increasing competition from retail giants like Wal-mart (WMT) and Amazon (AMZN).
However, Best Buy has arguably a bigger enemy than its fierce [...]

Ford CEO Alan Mulally’s Exclusive Interview With Seeking Alpha

Seeking Alpha recently held an interview with Ford (F) CEO Alan Mulally, who joined the automotive giant in 2006 and has since overseen a turnaround that brought a net profit of $20.2B last [...]