We will get another look at initial third-quarter results with 11 S&P 500 companies reporting. Included in this group are AutoZone (AZO), Bed, Bath & Beyond (BBBY), General Mills (GIS), KB Home (KBH), Lennar (LEN) and Paychex (PAYX). A total of 33 companies are on the calendar. The Fed will hold a 2-day meeting starting on [...]

(AZO) Earnings Preview for Sep 21 – 25 – Earnings Preview

As I mentioned a couple of days back when I discussed XOHO, I went through more than 80 stocks in one day in hopes of finding value to put my cash to work. Of the 80+, I narrowed it down to 6 companies that I felt were pretty good businesses with sustainability. Not ...

Yesterday I posted some long picks, in case the bulls are able to keep the party going. As I have mentioned, looking at SPY, last week's high represents a key technical level. A convincing break above will likely lead to a short squeeze. Beware of the headfake, however, since a false breakout would be in character for this market. On the flip side, breaks below two nearby levels would increase fear in the hearts of bulls, and likewise embolden shorts. A move below 83.63 would give us a lower low. More importantly, below 82.75 technical support becomes far weaker, and traders will be thinking about the broken ascending wedge. Incidentally, over at Slope of Hope, BearsRus has provided a chart of SPX showing prior ascending[More...]