Monday, July 28, 2014

Textron Inc. (NYSE: TXT)

Textron Inc. operates in the aircraft, defense, industrial, and finance businesses worldwide. It operates through five segments: Cessna, Bell, Textron Systems, Industrial, and Finance. The Cessna segment manufactures business jets, single-engine utility turboprops, and single-engine piston aircraft, as well as parts, maintenance, inspection, and repair services. The Bell segment manufactures and supplies military and commercial helicopters, tiltrotor aircraft, and related spare parts and services. The Textron Systems segment produces unmanned aircraft systems; armored vehicles, turrets and related subsystems, and marine craft and smart weapons. The Industrial segment offers blow-molded plastic fuel systems, windshield and headlamp washer systems, engine camshafts, catalytic reduction systems, and other parts. The Finance segment provides commercial loans and leases for aircraft and helicopters.
Take a look at the 1-year chart of Textron (NYSE: TXT) with my added notations:
1-year chart of Textron (NYSE: TXT)
Like yesterday’s LINTA, TXT has also been trading mostly sideways for the last 5 months. Over that period of time TXT has formed a resistance level at $41 (red). In addition, the stock has also created a level of support at $37 (blue). At some point the stock will have to break one of the two levels that the sideways consolidation has created.

The Tale of the Tape: TXT has clear levels of support ($37) and resistance ($41). The possible long positions on the stock would be either on a pullback to $37, or on a breakout above $41. The ideal short opportunity would be on a break below $37.
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Maguire – “Criminal” CME Colluded To Save Banks Short Gold

from King World News
Today London metals trader Andrew Maguire accused the CME of being a “criminal” organization and for working in collusion with the bullion banks, who were dangerously offside recently on their massive short bets in gold, to facilitate the downside move in the gold market. Below is what London metals trader Andrew Maguire had to say in Part I of a series of interviews that will be released today on KWN.
Maguire: “These bearish bullion banks have bet billions of dollars on gold and silver closing below $1,300 gold and $20 silver. And with the CME assisting them in rigging the casino, these bets are almost always going to pay off….
Continue Reading at KingWorldNews.com…

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Jim Puplava’s Big Picture: U.S. Real Estate – The Good, Not So Good, and The Bad

Also, “What the LEI’s Tell Us About the Rest of the Year” and “Respecting the Message of the Markets”

BIG PICTURE07/26/2014
Jim’s first Big Picture topic covers the state of the U.S. real estate market. He finds that real estate reports have been mixed, and as usual it boils down to location, location, location. Jim also notes that the real estate market is interest rate driven, and it cooled off considerably as mortgage rates rose in the second half of 2013.
Click Here To Listen

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How Bad Can The Junk-Bond Sell-Off Get? So Bad It’ll Take Down Stocks


wolfstreet.com / by  • 
Late Friday, when the strategy folks at Goldman Sachs downgraded global stocks to “neutral” for the next three months, they gave a reason that would have been peculiar in normal times: “a sell-off in bonds could lead to a temporary sell-off in equities.”
OK, let’s forgive Goldman for flip-flopping. At the peak of the bubble, trigger fingers are nervous, and flip-flopping is the norm. Last week, another Goldman strategist, in a very bullish mood at the time, had raised his year-end target for the S&P 500 to 2,050. But that’s like so last week.

READ MORE
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Liberty Interactive Corp (NASDAQ: LINTA)

Liberty Interactive Corporation, through its subsidiaries, is engaged in the video and on-line commerce industries in North America, Europe, and Asia. The company markets and sells various consumer products primarily through live televised shopping programs, and Websites and other interactive media, including QVC.com. It also operates Websites offering sports gear and clothing for outdoor and active individuals in various categories; sports nutrition, body building, and fitness products; costumes, accessories, d├ęcor, party supplies, and invitations; and perishable goods, including flowers, fruits, and desserts, as well as personalized gifts. In addition, Liberty Interactive Corporation provides online travel services under the TripAdvisor and daodao.com brands.
Take a look at the 1-year chart of Liberty (Nasdaq: LINTA) with my added notations:
1-year chart of Liberty (Nasdaq: LINTA)
LINTA has been trading mostly sideways for the last 5 months. Over that period of time the stock has formed a clear resistance level at $30 (red). In addition, the stock has also created a strong level of support at $28 (blue). At some point the stock will have to break one of the two levels that the sideways consolidation has created.

The Tale of the Tape: LINTA has clear levels of support ($28) and resistance ($30). The possible long positions on the stock would be either on a pullback to $28, or on a breakout above $30. The ideal short opportunity would be on a break below $28.
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US Weeky Economic Calendar

time (et) report period Actual CONSENSUS
forecast
previous
MONDAY, JULY 28
10 am Pending home sales June -- 6.1%
TUESDAY, JULY 29
9 am Case-Shiller home price index May -- 10.8% yoy
10 am Consumer confidence index July 85.0 85.2
10 am Vacancy rate 2Q -- 8.3%
WEDNESDAY, JULY 30
8:15 am ADP employment July -- 281,000
8:30 am GDP 2Q 3.2% -2.9%
2 pm FOMC statement
THURSDAY, JULY 31
8:30 am Weekly jobless claims July 26
308,000 284,000
8:30 am Employment cost index 2Q 0.5% 0.3%
9:45 am Chicago PMI July
63.5 62.6
FRIDAY, AUG. 1
8:30 am Nonfarm payrolls July 230,000 288,000
8:30 am Unemployment rate July 6.0% 6.1%
8;30 am Personal income June 0.4% 0.4%
8:30 am Consumer spending June 0.5% 0.2%
9:45 am Markit PMI July -- 56.3
9:55 am Consumer sentiment July 81.7 81.3
10 am ISM July 56.3% 55.3%
10 am Construction spending June 0.4% 0.1%
TBA Motor vehicle sales July 16.7 mln 16.9 mln
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