A False Breakdown in Crude Oil?

My pal JC Parets is nice with the charts. One of his favorite setups, from a trading perspective, is the false move. “From false moves come fast moves” is the applicable aphorism and it can work very well in both directions – false breakouts and false breakdowns. The mechanics behind this are simple – in…

Factset: Pity the Multi-nats

Earnings revision trends are not going a positive direction for S&P 500 companies that get the bulk of their sales and earnings from overseas markets. The strong dollar and weaker foreign economies are combining to chop these companies’ estimates like a hatchet… Here’s Factset Research: The estimated earnings decline for the S&P 500 is -4.8%. For companies…