Here was analysis of HAS which showed a lot of weakness in the charts.
The important thing to remember here is that we are able to see it with 3C, that means someone else is aware of it and acting on it at Wall Street. This is the continuous kind of stuff I see that leads me to believe these leaks are more then just a few here and there or that trading on inside information is a contained event, why would we see money moving out of HAS before they announced if WS didn't know? They were light on profits to the tune of a 71% drop by the way, Here's the story.
While HAS may be contributing to the weakness in premarket, I think the Jobless Claims major jump along with rising Core PPI did the trick, but still we had some 10 min positive divergences, so it'll be interesting to see if that upside lift materializes and where it comes from. I would have a guess if not for the core PPI.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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