CURRENT TECHNICAL COMMENTARY
What to expect this week in the markets
COMMODITY COMMENTARY PART 1
COMMODITY COMMENTARY PART 2
STOCKS
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HOT STOCKS
ACHNBVSN
MFIV
NLST
STOCKS IN STRONG UP TRENDS
We will be looking to buy these stocks on corrections in the Premium Stock Newsletter.
BVSN
CRUS
ARIA
PCYC
SIMO
SPPI
Stocks traded modestly lower in early-afternoon action Tuesday, with the Nasdaq wavering near the break-even point.
The tech-heavy index was down fractionally, while the S&P 500 lost 0.2% and the Dow Jones industrial average shed 0.3%. Turnover continued to track lower across the board.
Kansas City Southern (KSU) and CSX (CSX) are down 7% and 4%, respectively, in big volume following their disappointing fourth-quarter reports late Monday. Kansas City Southern's profit beat forecasts, but revenue missed. CSX's EPS and sales both came in just shy of views, and the railroad operator announced management changes.
Kansas City Southern has dropped below its 50-day moving average, but is off its session low. Last week, it reached a new all-time high. CSX is trading above its 50-day line, but under its 200-day line as it continues to consolidate.
Signature Bank (SBNY) fell 4%, even as the regional bank reported quarterly results that bested expectations. The stock has found support at its 50-day line, but also slipped under its recent handle buy point at 59.99. Highly rated Signature Bank has often been featured in IBD's Sector Leaders screen.
On the upside, Monro Muffler Brake (MNRO) gained 1% in strong turnover, after trading as much as 4% higher earlier. The car service firm reported quarterly EPS that beat views and revenue that missed, while also hiking its 2012 profit target. Monro has been etching a new base with a possible buy point at 41.55
FOREX
FOREX COMMENTARY