ZAGGThe Current stock price is above both the 150 day and 200 day moving average.
The 200 day moving avg line is trending up (for at least one month) early in the year.
The Current stock price is trading above the 50 day moving average.
The current stock price is at least 30 percent above its 52 week low. (3.5x years low)
The current price is within 25% it's new high. (approximately with 10%)
The RSI: within the 30-70 range.
Consumer
LONG VOXX FROM SMALL BASEAbout to go buy shares in VOXX due to the breakout from a small base with a pick-up in volume. This was on the radar previously due to a break from the much better base beforehand as marked. Strong sector also. Long-term target is $17 as highs back in 2013. All-time high is $72.
GBPAUD Long Entry Area - GBP-CPIThis entry area of 159.50-60 will be predicated on the GBP CPI driving price down to this level.
Once this level is hit I will look for a specific entry level and I will also post my price targets as well.
This is not a high probability trade..its ONLY valid if the CPI numbers drive the Cable lower.
We'll keep you posted.
EURUSD: Good forecast for USD consumer confidenceEURUSD: Good forecast for USD consumer confidence. Selling EUR at fresh supply level
EURGBP: Consumer Price Index (CPI) forecasted good for GBPEURGBP: Consumer Price Index (CPI) forecasted good for GBP. Selling at fresh supply.
GBPUSD: Prelim UoM Consumer SentimentMeasures:Level of a composite index based on surveyed consumers;
Usual Effect:Actual > Forecast = Good for currency;
Previous: 93%
Forecast: 94%
USDJPY: Prelim UoM Consumer SentimentMeasures:Level of a composite index based on surveyed consumers;
Usual Effect:Actual > Forecast = Good for currency;
Previous: 93%
Forecast: 94%
Bearish GCOGenesco apart from being under fire from high tech competitors like amazon, is in the wrong part of the market, consumer staples. This baby looks WEAK! I am very bearish. #RIPerinoCappichino.
XLY: A technical overview of top 3 weighted holdingsSummary: Comcast and Home Depot dragging down price. Amazon is keeping it from falling further
XRT Retail Earnings POTENTIALRetail earnings are in full swing this upcoming week!
Here is a TA based version of my expectations for the week.
In previous quarters the strong USD and the slow down in Consumer Spending hit profits hard.
With retail sales up throughout the quarter and consumer confidence at 2016 high, all around beats are expected.
Driving retail market capitalization back to Q2 2015 level offers a short-term 8% return.
In the longer run, or collectively throughout the remainder of Q2, a 16% return is in the works.
Foot Locker Gaps Out of Downward TriangleConsumer discretionaries are getting trounced. Watch this one...
2-Yr Head & ShouldersCan their 6.5% profit margin and $1.2 billion debt withstand a consumer downturn?
above cloud consumer with volumestrong volume see why volume is important in our book on amazon-cci and percent r upper range-relative strength good-stop loss back in daily cloud-diversify-use limit orders
pennies to thousands long term short below daily cloudmacd crossing below get on book on amazon pennies to thousands for right indicators to short with cci and percent r at bottom range money flow weak consumer group weak below 50 day moving average
pennies to thousands consumer candidatecandlestick has long wick wait for good candle to enter last time ran 3 days
read our book on amazon on entry and stop loss points
bollinger bands widening
mad strong
relative strength strong
watch money flow
pennies to thousands strong candidate weak day consumercloud narrowing
above weekly cloud get our book on amazon importance of clouds
money flow strong
good group
relative strength strong
cci and percent r upper band
GBPNZD: Expecting Bear after BullGBPNZD is dowtrend on H4 timeframe. Large volume taking price down. Bad consumer confidence forecast may take NZD down, rising the GBP. I'm going long. I'm taking this as a pullback in a downtrend, I'm also going short at top.
MACRO VIEW: XLP IN FIRM MACRO UPTRENDConsumer Staples SPDR ETF is looking good on both short term and long term basis.
On long term basis - XLP trades in both 5 and 10 year uptrend, as the price stands firmly above 1st upper standard deviations from both 5 and 10 year means It has tested its 5-year trend during the august selloff and held it successfully.
On short term basis - XLP shows no trends in particular, as the price is firmly within the 1st standard deviations from 1-year and quarterly means. It is a positive development, since nothing on short term basis stands in the way of long term trends.
MACRO VIEW: XLY IN FIRM MACRO UPTRENDConsumer Discretionary SPDR ETF is looking good on both short term and long term basis.
On long term basis - XLY trades in both 5 and 10 year uptrend, as the price stands firmly above 1st upper standard deviations from both 5 and 10 year means It has tested its 5-year trend during the august selloff and held it successfully.
On short term basis - XLY shows no trends in particular, as the price is firmly within the 1st standard deviations from 1-year and quarterly means. It is a positive development, since nothing on short term basis stands in the way of long term trends.
Johnson & Johnson vs USDJohnson & Johnson has seen extreme price consolidation since last November. Since they are a highly diversified healthcare company, currency translations affect their bottom line quite substantially. With the recent contraction of the US Dollar, Johnson & Johnson has broken out of a prolonged trading range. If the dollar continues to contract against other foreign currencies, Johnson & Johnson will make better on their hedges and increase the bottom line substantially, thus increasing free cash flow and overall economic opportunity.
