A director at American Eagle Outfitters Inc sold 30,000 shares at 21.789USD and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two...
U.S. Dollar (DXY) Violating YTD Uptrend Signs continue to point to the formation of a new uptrend on the S&P 500, something we have discussed as our expectation on a weekly basis since late-April (4/30/24 Compass). Shorterterm, both the S&P 500 and Russell 2000 are trading/consolidating within 1.5-2 week bull flag patterns, and we are on the lookout for upside breakouts due to ongoing healthy market dynamics. Our bullish outlook (since early-November 2023) remains intact. • S&P 500, Russell 2000...
Summary Belk Inc - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Belk Inc (Belk) operates a department store chain. The company provides modern southern-style clothing and branded and private-label merchandise, including fashion apparel, shoes and accessories, cosmetics, ho...
U.S. Dollar (DXY) Rolling Over Large-cap indexes (S&P 500, Nasdaq 100, and DJI) remain bullish, all hitting new all-time highs last week while continuing to find short-term support at their respective 20-day MAs. Mid-caps (S&P 400, Russell Mid-Cap) are starting another leg higher following breakouts from 2-month consolidations. Small-caps (S&P 600, Russell 2000) are likely to follow in the footsteps of large- and mid-caps, and are likely to break out from their 2.5-month consolidations/high bas...
Lockout Rally Continues; Breakouts Piling Up Since our 11/21/23 Compass we have discussed on a weekly basis that even a minor 2-5% pullback is far from a guarantee, considering "breakaway gaps" and what appeared to be an ongoing "lockout rally," while also discussing that we would be buyers if a pullback did happen. All we got was a 1% peak to trough decline in the S&P 500, while the Nasdaq 100 (QQQ) pulled back 2.9% (though left the 11/14/23 gap unfilled). Now, the SPX and QQQ are breaking out...
Year-End Rally to Continue? The broad equity market has been on an absolute tear since we discussed in our 10/31/23 Compass how risk/reward favored buyers as key supports were being tested, including 4165 on the S&P 500, $162-$163 on the Russell 2000 (IWM), and $350 on the Nasdaq 100 (QQQ). Furthermore, we discussed in our 11/7/23 Compass our belief that this was more than just another counter-trend rally, and that it is likely the start of a significant year-end rally. We also reiterated our b...
Just Another Counter-Trend Rally, or Something More? We believe there is significant evidence that the broad equity market has bottomed, and a year-end rally has begun. In last week's Compass (10/31/23) we discussed how the S&P 500 and Nasdaq 100 (QQQ) did not display decisive breakdowns, and that a break above 4165-4200 and $350-$355, respectively, would be bullish, since that would indicate false breakdowns. False breakdowns are officially in place, and these levels remain important supports ...
S&P 500, Nasdaq 100 Back at Support Our expectations since late September remain unchanged; equities are not yet out of the woods, but as long as the S&P 500 is above 4165-4200, most signs point to this being a normal pullback within the ongoing bullish trend in SPX. Similarly, the Nasdaq 100 (QQQ) is testing support at $350-$355 (the 4-month bull flag/falling wedge pattern). The Russell 2000 is also approaching 1+ year support at 1640. Breakdowns would be our cue to get defensive, as it would ...
Summary J Crew Group Inc - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights J Crew Group Inc (J Crew Group) is a specialty retailer of fashion apparel and accessories. The company offers women's apparel, men’s apparel, footwear, handbags, jewelry, and fashion and lif...
Downgrading Energy to Market Weight Over the past two weeks, we have been steadfast in our belief that this current rally/short squeeze is likely to fizzle in the 4100-4165 area on the S&P 500. This has generally held true as last week's high was 4195 before moving back below 4165 the following day. Still, there has yet to be any meaningful deterioration and we cannot rule out the S&P 500 reaching higher, potentially for 4300-4325 (August 2022 highs), in an attempt to shake out remaining shorts...
Today's Fed Day to Determine Next Big Market Move? The S&P 500, Russell 2000 (IWM), and Nasdaq 100 (QQQ) continue to have trouble breaking above their respective 200-day MAs and YTD downtrends, while the Dow Jones Industrials Average (DJIA) has been unable to sustain a breakout above 34,280. With that said, all four of these indexes are consolidating within tight ranges just below the aforementioned resistance levels, building energy for the eventual breakdown or breakout. We continue to recomm...
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