Monday, April 4, 2016

EXAS: Exact Sciences, Breakout First Sign of a Bottom


QGEN: Qiagen NV, Ascending Triangle Breakout, Indicators Confirming


FTNT: Fortinet Breakout Projects to $37


SIVB: SVB Financial, Inverse Head and Shoulders, $132 Target


CANADIANS SWITCH OUT OF CANADIAN DOLLARS INTO U.S. DOLLARS NOW!!...





As a Brit I well understand the deep admiration the Canadians have for their powerful neighbors south of the border, even if it is not always expressed. The good news in this update is that now is the time to “put your money where your mouth is” when it comes to admiring the Yanks, by changing your Canadian dollars immediately into US dollars, the prime reason being that the Canadian looks set to drop after a big rally from mid-January, while the US dollar looks set to surprise by rallying away from the danger zone of the support around 93 on the dollar index. (more)

Gold Getting Stale ? Charts and COTs, Trader Dan

Notice on the very short term chart, a 2 hour run, gold has been in a steady decline since the middle of last month with rallies attracting selling at the key resistance levels noted on the chart.
Price is currently holding below $1212 – $1210.
Initial resistance begins near $1225 and extends higher towards $1228. Above that lies $1237-$1240.
Watch out if that low near $1205 were to give way. There still remain a large number of spec longs in this market.  (more)

US Weekly Economic Calendar

time (et) report period ACTUAL forecast previous
MONDAY, APRIL 4
10 am Factory orders Feb.   -1.6% 1.6%
TUESDAY,  APRIL 5
8:30 am Trade deficit Feb.   -$46.2 bln -$45.7bln
10 am ISM nonmanufacturing March   54.5 53.4
10 am Job openings Feb.   -- 5.5 mln
WEDNESDAY, APRIL 6
  None scheduled        
THURSDAY,APRIL 7
8:30 am Weekly jobless claims 4/2
271,000 276,000
3 pm Consumer credit Feb.   -- $10.5 bln
FRIDAY, APRIL 8
10 am Wholesale inventories Feb.   -- 0.3%