Apparel Retailers Sink To Four Month Low

May 23 13:05 2019 Print This Article

Market Recap for Wednesday, May 22, 2019

Our major indices finished with losses on Wednesday, despite strength in defensive sectors.  The S&P 500 and Dow  Jones held up best, falling just 0.28% and 0.39%, respectively.  The primary reason is that more defensive stocks are represented on those two indices.  Defensive sectors actually performed quite well yesterday with utilities (XLU, +0.75%), healthcare (XLV, +0.57%), real estate (XLRE, +0.47%), and consumer staples (XLP, +0.45%) all gaining.  If you were seeking relative strength, you needed to be in those areas.  The remaining 7 sectors finished in negative territory, led by a very weak energy group (XLE, -1.55%).  Crude oil ($WTIC, -2.71%) had a rough day and is threatening a breakdown:

Continue reading "Apparel Retailers Sink To Four Month Low" »

Read More

About Article Author

Stockcharts.com

StockCharts.com was founded in 1999 by Chip Anderson, a 10-year veteran of Microsoft. StockCharts.com is a website that provides online investors with high-quality financial charts for making better investing decisions. StockCharts.com is focused on Technical Analysis - the study of price history via charts. They provide award-winning analysis tools, market commentary from respected analysts like John Murphy and Martin Pring, and a huge collection of educational resources that can help anyone become a better, more informed investor.

Related Items

Schedule for Week of June 16, 2019

The key reports this week are May housing starts and existing home sales.For manufacturing, the June New York and Philly Fed manufacturing surveys will be released.The FOMC meets this week, and no change to policy is expected at this meeting.----- Monday, June 17th ----- 8:30 AM: The New York Fed Em ...

Book Bits | 15 June 2019

● Equity Smart Beta and Factor Investing for Practitioners By Khalid Ghayur, et al.Summary via publisher (Wiley) Equity Smart Beta and Factor Investing for Practitioners offers a hands-on guide to the popular investment opportunities of smart beta, which is one of the fastest growing areas within ...

Week Ahead: No Runaway Surge Expected; Markets May Continue Exhibiting Negative Bias

In yet another wide-ranging week, the NIFTY oscillated in a 400-point range and ended the week with a modest cut. In our previous weekly note, we had raised concerned about the NIFTY failing to confirming the attempted breakout.  In line with the analysis carried out during the last week, the inde ...

Ray Dalio Is Kinda, Sorta, Really Wrong, Part 2

Last week, I basically agreed with Ray’s analysis of US income and wealth disparity. It obviously exists. The question is what, if anything, can we do about it? I think this is an important conversation, not just between two people but throughout the entire nation. The answers will make a huge dif ...

Southern Energy Corp. Announces Closing of Strategic Asset Acquisition in the Southern United States and $8.1 Million Convertible Debenture Financing

CALGARY, June 14, 2019 /CNW Telbec/ – Southern Energy Corp. (“Southern” or the “Company“) (TSXV: SOU) has completed its previously announced acquisition of high quality, low decline natural gas assets (the “Assets“) in the State of Mississippi for cash consideration of US$16.5 million ...

Dollar Rallies Ahead of FOMC Meeting; Markets Await Fed Signal for July Cut

Markets are bracing for updates on tactical trade war positioning and central bank rate decisions.  The dollar’s recent rally stemmed on better than expected economic data that could convince Fed officials that the economy is healthy enough and might not require an immediate rate cut.  US stock ...

I've Never Seen An Earnings Signal This Bullish

At EarningsBeats.com, we track the best U.S. companies in a "Strong Earnings ChartList." In order for a company to be included in our ChartList, they must do 3 things: (1) Beat quarterly revenue estimates (2) Beat quarterly EPS estimates (3) Look solid technically If a company doesn't m ...

The gap (so far)

Somehow this turned into another Misery Week. So let’s put it out of its… misery… with another miserable post. And what could possibly be more depressing that Generation Squeeze? This consortium of professional whiners, moaners and wannabe adults, comprised of uber-educated basement-dwelling ...

Stock Pickers Digest Hotline – Friday, June 7, 2019

REITMANS (CANADA) LTD., $2.10, symbol RET.A on Toronto, owns 594 women’s clothing stores across Canada. Those outlets are divided among several brands: Reitmans (259 stores), Penningtons (115), Addition Elle (80), RW & Co. (82) and Thyme Maternity (58). In the three months ended May 4, 2019, sale ...

The Charts Do Not Say Recession Is Likely....At Least Not Yet

Market Recap for Thursday, May 30, 2019 Dollar General (DG, +7.16%) and Dollar Tree (DLTR, +3.14%) provided a lift to consumer discretionary stocks (XLY, +0.65%) after releasing their latest quarterly results, but PVH Corp (PVH, -14.87%) tumbled, further compromising an already-weak clothing & acc ...

Tariff Turbulence Continues to Fly!

Putting all the hyperbole and posturing to one side, the recent agreement between Mexico and the U.S. which averted the tariffs can be found in the U.S.- Mexico Joint Statement released June 7, 2019. It consists of a few broad policy statements: Mexico will deploy its National Guard throughout Mex ...

E3 2019: Biggest Moments

The 25th Annual Electronic Entertainment Expo, or E3, took place at the Los Angeles Convention Centre this week, June 11-13, 2019. In case you didn’t catch the live streams here are the most notable mentions coming out of this year’s event.  Scarlett  Photo: Microsoft Code named Project Scarl ...

Harvest One Cannabis is ready to break out, says Mackie Research

Results from Harvest One Cannabis’s’ (Harvest One Cannabis Stock Quote, Chart TSXV:HVT) third quarter were enough for analyst Greg McLeish of Mackie Research to maintain his bullish stance on the stock. In a Friday update to clients, McLeish reiterated his “Buy” recommendation and $2.00 tar ...

The terrible, horrible, no-good, very bad market days

  By Guest Blogger Doug Rowat I was staring at this deadly looking item at the Bata Shoe Museum in Toronto last month: Shoe of Death? Source: Doug Rowat Oddly, it got me thinking about markets and investor behaviour—such parallels sometimes occur in the strangest places. While this shoe looks ...

Doug Casey Says that the Deep State is the source of America’s Economic Problems

Via CaseyResearch.com, Doug Casey says we’re well into what he calls the Greater Depression. America is headed for trouble… and it’s critical to know exactly what’s going on. That’s why today’s essay is so important. In it, Doug explains the source behind every negative thing that’s ...