Friday, August 29, 2014 8:07 AM EDT
Futures Higher Into The Long Weekend
by Geoff Garbacz & Staff Writers
US futures: S&P 500 +4.75, Dow Jones +33 and NDX +10 with fair values lower helping gains. Asia mixed and Europe higher. Copper higher with silver and gold lower. WTI Crude and Brent Oil Futures higher. Natural Gas is lower. $ is lower vs Euro, lower vs. Pound and higher vs. Yen. US 10 year Treasury yield flat. Prices as of 7:40 a.m.
Today's Superstock Investor Stock Scorecard:
RALPH LAUREN CORP (RL)
by Superstock Investor
Often I review the scorecard for existing position in the Morning Matters Portfolio or Baby Boomer portfolio. I am reviewing Polo Ralph Lauren (RL) because short sellers entered the stock with the latest release of short interest data.
History when they do this the stock is vulnerable to a drop of -10.4% with a 71.4% likelihood. If the short get it wrong, then the upside could be 8.2%. So I go to the scorecard and evaluate how much upside is left. There is a ton $214.60 so we are not selling but watching for any clues the shorts may be correct.
The Madison Letter:
by Staff Writers
We began to offer a buy and sell strategy via our Madison Market Timing Indicator at the beginning of April of 2007. There are now 23 open and closed winning trades to 8 closed losing trades with our market timing results. We were left with one long position TRF from our original buys before launching with Uncommon Widsom Daily. This column replaces the Morning Matters on Fridays.
Articles That Matter:
Economy Picking Up Speed & Big Day For Economic Data
by Geoff Garbacz
Yesterday the U.S. Government released an update to the initial Q2 GDP report. It found the economy grew at 4.2% versus 4.0% when first reported.
In other news,
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