Merry Christmas and wishing you a happy & prosperous 2017

Posted on | by Leon Hinde | Leave a Comment on Merry Christmas and wishing you a happy & prosperous 2017

From the team at Investor Signals, we wish you and your family a Merry Christmas and Happy Holiday. May the spirit of the season bring you happiness, joy & good times with your loved ones.

Thank you for your involvement & support throughout 2016 and I look forward to working with you to help successfully navigate the markets in 2017.
Merry Christmas and wishing you a happy & prosperous 2017.

Retail and Transport

Posted on | by Leon Hinde | Leave a Comment on Retail and Transport

Let’s take a quick look at a few names that should prosper from the Christmas period spending activity.  In the US I’ve focused on Amazon and FedEx as two relevant examples and domestically, I’ve looked at Harvey Norman and JB HI-FI.

We had buy signals from the algo engine on these names and our preference was the long position in HVN, which has now rallied 10% from the November low.

Chart - Amazon

Chart – Amazon

FedEx
Chart – FedEx
Chart - Harvey Norman
Chart – Harvey Norman
Chart - JB HI-Fi
Chart – JB HI-Fi

Dow Jones and NASDAQ

Posted on | by Leon Hinde | Leave a Comment on Dow Jones and NASDAQ

US stock Indexes closed modestly lower during Thursday’s thinly-traded preholiday session. With the lower trading volumes expected over the holiday and US Earnings season commencing in a few weeks,  investors seemed reluctant to bid up prices of indexes that are already hovering near all-time highs.

The SP 500 and the NASDAQ Composite booked their first consecutive losses in three weeks, as the post-election rally has lost momentum over the last few sessions.

It’s worth noting that since November 4th, all three of the major US Index have posted respectable gains with the Dow Jones 30 rising 11.2%, the SP 500 up 8.3% and the NASDAQ Composite gaining over 9%.

Therefore, it’s really not surprising to see stocks take a breather going into the Christmas break.  

Chart - Dow Jones
Chart – Dow Jones
Chart - NASDAQ
Chart – NASDAQ