Gold Chart Continues Bullish Run | Retail Earnings Today
SPY ETF Chart 8.20.19
The SPY ETF has officially crossed into short-term bearish order flow. The 20 period simple moving average has closed below the 50 sma.
However the stock market is primarily trading off daily news headlines causing the SPY to be stuck in a 10 point range.
I don't see a clear edge to build a new position. Although the 20 sma has crossed down, the 50 sma is still trending higher.
Short-term, cash flow ideas for me until the picture gets more obvious.
Pete
Kohl's Stock Appears ‘Too Cheap to Ignore' Ahead of Earnings
Department store Kohl's Corporation (KSS) reports quarterly results before the opening bell on Tuesday, Aug. 20, with the stock fundamentally “too cheap to ignore…”
investopedia.com/kohls-kss-earnings
Did TJX and Ross Stores Avoid the Retail Turmoil Last Quarter?
Many retailers have been struggling recently, but the two largest off-price retail companies probably bucked the trend during the second quarter.
2018 was a good year for most retailers in the U.S., but business conditions have been far more challenging in 2019, separating the winners from the losers.
Buy Gold ‘At Any Level,’ Mobius Says as Central Bankers Ease
Veteran investor Mark Mobius gave a blanket endorsement to buying gold, saying accumulating bullion will reap long-term rewards as leading central banks loosen monetary policy and the rise of cryptocurrencies serves only to reinforce demand for genuinely hard assets. Prices climbed.
“Gold’s long-term prospect is up, up and up, and the reason why I say that is money supply is up, up and up,” Mobius, who set up Mobius Capital Partners LLP last year after three decades at Franklin Templeton Investments.
