Technical Analysis

Technical analysis of forex, commodities and precious metals with trade signals where applicable.

Jun132016 by Editorial TeamNo Comments

Salesforce.com (NYSE:CRM) could fall to $66

Salesforce.com (NYSE:CRM) closed $0.90 lower on Friday at $81.83 or 1.09% lower on the day. SEC filing reports suggested that there was some insider activity as Dayon Alexandre, President and Chief product officer at Salesforce.com sold 2,166 shares on Friday, June 10th at an average price of $82.00. Currently, the stock stands at $81.83, which is -1.09% from its open. How did it get here? Year to date, Salesforce.com’s stock has performed at 4.38%. Breaking that down further, it has performed -1.21% for the week ending June 10th, 2016, 10.44% for the month of May, -5.83% over the last quarter (Q1, 2016). RETURNS AND RECOMMENDATION While looking at past performance of a particular stock is important when speculating on its future, we must take other indicators into consideration a

Jun112016 by Editorial TeamNo Comments

Weekly Currency (Futures) Outlook – Jun 13 – 17

Technical Analysis

Weekly Technical Outlook for the currency and commodity markets. Euro: After falling steadily for nearly four weeks, the euro retraced its gains the week before. However, last week saw prices testing the highs above 1.140 but failed to gain higher. As a result the euro fell, to close the week at $1.1298. The retracement to 1.140 this week marks a correction to the upside and we could anticipate near term weakness to continue. The next key levels to watch out for are 1.120 and 1.10. Resistance: 1.140 Support: 1.120 Sterling: The sterling remains capped within a range with last week showing prices breaking out lower. While the sterling closed Friday at 1.426, a 6-week low. Further downside is likely in the near term, with 1.42 coming in as the initial supp...

May252016 by Editorial TeamNo Comments

Monsanto is ripe for a pull back to 100

Technical Analysis

Monsanto is in the news after an initial Bloomberg report that Bayer AG, the German pharmaceutical giant was considering a takeover of the bio tech company which is well known for its GMO (genetically modified) seeds and agricultural products. The takeover bid was for $62 billion and was unsolicited. Under the terms, Bayer approached Monsanto for a deal which includes an offer of $122 a share, which is at a 3% premium. While the offer was made on Monday, Monsanto rejected the bid. The company said that the offer from Bayer AG was inadequate but said that it was open to continue the conversation. In a statement, Monsanto CEO Hugh Grant said "We believe in the substantial benefits an integrated strategy could provide to growers and broader society, and we have long respected Bayer’s busin

May102016 by Editorial TeamNo Comments

DISNEY Earnings due today – Should you buy or sell?

Technical Analysis

Walt Disney Inc. (NYSE: DIS) is all set to report its earnings today, 10th May after market hours. The earnings report will be for the fiscal quarter ending March 2016. The street expects Disney's EPS for the quarter at $1.40 - $1.39. In the same period last year, Disney's EPS was $1.23, so today's earnings if matches estimates could see a 13% increase compared to the same quarter last year. On May 9th close, Disney's shares were down 0.19%, trading at 105.34 after posting an 18-week high at 106.68. Disney’s EPA for 2016 is 13.22%, above the industry average (Media) of -2.40%, while price to earnings is 18.10, slightly below industry average of 19.80. DISNEY - Key Fundamentals Of interest in today's earnings will be the following: Revenue: Analysts expect Disney to report $13.4 b

May82016 by Editorial TeamNo Comments

Caterpillar Inc. – This short position could work

Technical Analysis

On Friday May 6th at the 21st annual Sohn Conference in New York which saw hedge funds coming together for a charity for pediatric cancer, David Einhorn, founder of Greenlight Capital noted that he was short on Caterpillar Inc. (NYSE: CAT). He said that Caterpillar Inc's business was at the bottom. Asking the question whether Caterpillar Inc. was at or near the trough, Einhorn said that he thinks it is much close mid-cycle and that it could bottom in 2018. Most importantly, he said that he expect Caterpillar Inc. to trade at half of its current price. On May 6th, market close, Caterpillar Inc. close at $73.36. More details here. Justifying his call, Einhorn said that Caterpillar's business, which is primarily in resources, construction, energy and transport; sectors that are currently w...