Heads-up News 

Tokyo Trading Session Heads Up Thursday, December 6, 2018

Tokyo opening news digest

Dan Loeb Sells Baxter International Shares At Strong Gain

Growth looks set to slow at Loeb’s activist investment target

 

Why Fed Chair Powell May Be Praying For A Vote Against Rate Hikes

Fed Chair Jerome Powell may be hoping one of his colleagues dissents against an expected December rate hike, in order to signal to markets the central bank is almost done tightening monetary policy.

 

You Need A Better Retirement Plan, But Don’t Sell Today

From 1970 – 2016 there were 11,620 trading days. If you missed the 25 best days your return would go from 6.7% to 3.4%. In other words a $100 invested in 1970 and taken out of the stock market for just 25 selected days would be about $500. If you left that $100 alone you’d have approximately $2,000.

 

AUD/USD Rate Snaps Upward Trend as Bearish Series Takes Shape

Recent price action raises the risk for a further decline in AUD/USD as both price and the RSI snap the bullish formations carried over from

 

Japan Overall Household Spending (YoY) came in at -0.3% below forecasts (1.6%) in October

Japan Overall Household Spending (YoY) came in at -0.3% below forecasts (1.6%) in October

 

US Dollar Index Technical Analysis: DXY stalemate as traders are awaiting a directional input

DXY daily chart

The US Dollar Index (DXY) is trading in a bull trend above its main simple moving averages near the 97.00 figure.
DXY is trading i

 

Wall Street benchmarks recover from worst levels, but end in a sea of red

Final figures showed also showed that the Nasdaq Composite COMP ending higher by 0.4% to 7,188 and the Dow Jones Industrial Average DJIA, ended lower

 

S&P500 Technical Analysis: 2,686.00 bull target achieved as buyers stage an intraday reversal up – 2,765.00 is the next bull target

S&P500 daily chart

The S&P500 is in a bear trend below the 200-day simple moving average (SMA).
As forecast, the S&P500 hit the 2,686.00 bull targ

 

Australia AiG Performance of Construction Index down to 44.5 in November from previous 46.4

Australia AiG Performance of Construction Index down to 44.5 in November from previous 46.4

 

USD/JPY Technical Analysis: 112.60 bull target achieved – Next objective is the 113.00 figure

USD/JPY daily chart

USD/JPY is in a bull trend above the 200-day simple moving average (SMA).
As forecast, USD/JPY hit the 112.60 target. 

USD

 

Apple’s iPhone revenue is set to fall this year for just the second time ever

Apple appears to have completely overestimated demand for the iPhone XR, but it’s facing other headwinds as well.

 




Tesla is reportedly planning to pay off its next chunk of convertible debt in an odd way

Tesla has $920 million of convertible notes due in March. The company informed holders last week that they could receive a 50-50 mix of cash and equity for the notes.

 

Lululemon beats, but shares slide as ‘what is good enough has become somewhat of a moving target’ (LULU) | Markets Insider

Lululemon beat Wall Street estimates on the top and bottom lines.
Shares fell as much as 7% in after-hours trading Thursday before paring their losses.

 

Ulta Beauty sinks after posting a disappointing guidance (ULTA) | Markets Insider

Ulta Beauty reported third-quarter earnings that topped expectations, but guidance was light.
Shares fell more than 6% following the results.
The stock ha…

 

Domo shares rally 15% as results, outlook top Street views

Domo Inc. DOMO, -1.14% shares rallied in the extended session Thursday after the cloud-based operating system company’s results and outlook topped Wal

 

Ulta Beauty stock falls after earnings show light holiday forecast

Ulta Beauty Inc. ULTA, +0.61% shares declined in after-hours trading Thursday following an earnings report that predicted weaker holiday results than

 

Smith & Wesson gun maker stock soars 15% after earnings and revenue beat

American Outdoor Brands Corp. AOBC, +3.30% shares surged 15% in the extended session Thursday after the company beat Wall Street earnings and revenue

 

Broadcom’s stock rallies after earnings, outlook top Street views

Broadcom Inc. AVGO, -2.07% shares rallied in the extended session Thursday after the chipmaker’s quarterly results and outlook topped Wall Street esti

 

Cheer Up

Adage:

You do not have to be right more than you are wrong to make money in the market.

Cartoon:


Image courtesy: www.profitf.com

Have a nice trading!




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