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A Second Divergent Drop for Google GOOGL

Google (GOOGL) rallied a second time into a key reversal or “fade” set-up and delivered the goods. Let’s take a look at this “Divergence plus Upper Bollinger” pattern and learn what we can from this example. Most trades are either taken in the direction of a prevailing trend or against it. While I prefer pro-trend strategies like retracements or breakouts, aggressive “fade” or even reversal strategies have their ...

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A Few Comments on February Existing Home Sales

Earlier: NAR: "Existing-Home Sales Stumble in February"A few key points:1) As usual, housing economist Tom Lawler's forecast was closer to the NAR report than the consensus. See: Existing Home Sales: Take the Under 2) The warmer weather probably had no impact on February sales (existing home sales are reported at closing). Warmer weather in February might have boosted sales for March and early April.3)...

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Brexit & Beyond: Parliament on Lockdown After Terror Incident, Barnier Warns of Risks of No Divorce Deal, Fights in EU Over Luring London Firms

Brexit & Beyond: Europe in Flux is The Wall Street Journal’s round-up of news and analysis of how Brexit will affect global business, economies and finance. You can sign up here. MUST READS Police close the area near Houses of Parliament in London. PHOTO: Victoria Jones/Associated Press Car Mows Down Pedestrians Near U.K. Parliament; Three Victims and Assailant Dead: Three...

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Delaware Judge: Don’t Hide M&A Fees

A Delaware judge Wednesday halted the sale of broadband company Fairpoint Communcations until shareholders are told how much Morgan Stanley, which advised the buyer, stood to make on the deal. Chancellor Andre Bouchard said the vote on Fairpoint’s sale to Consolidated Communications Inc. shouldn’t proceed until Morgan Stanley’s fees were disclosed. The Wall Street firm advised Consolidated on the deal and is also lending the company money for the transaction...

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AIA: Architecture Billings Index increased in February

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architecture Billings Index rebounds into positive territoryThe Architecture Billings Index (ABI) returned to growth mode in February, after a weak showing in January. As a leading economic indicator of construction activity, the ABI reflects the approximate nine to twelve month lead time between architecture billings and construction spending. The...

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Wednesday links: silent short shares

MarketsIt's hard to come up with scenarios where future S&P 500 returns are anywhere near historical levels. (blackcypresscapital.com)On the dramatic divergence between SKEW and the VIX. (twitter.com)Fund managers think the stock market is overvalued. (bloomberg.com)StrategyThe best free investing tools on the Internet. (awealthofcommonsense.com)The job of advisors is to keep investors from making big mistakes. (blogs.cfainstitute.org)OffersThe Amazon Video pilot for "The Marvelous Mrs. Maisal" is getting rave reviews. (amazon.com)Amazon Prime members can enjoy...

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Bouncing Between the Fibs March 22 Emini Update

After a 30 point @ES Crash yesterday, we have a bounce near our 50% Fibonacci Level. Here’s today’s updated Emini (@ES) trading levels for your trades: We were correct in our strategy planning that “big move” would be likely if sellers broke the market beneath 2,370. Price then moved not just toward our 2,352 target, but beyond that to the 50% Fibonacci at 2,338. Buyers stepped in aggressively this morning slightly under this level, boosting price back toward...

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Personal finance links: financial paperwork

AdvisorsAn infographic of the spectrum of financial advice providers. (ritholtz.com)How do your clients feel about their money? (wealthmanagement.com)A review of robo-advisor Wealthsimple. (businessinsider.com)What's financial coaching and how does it differ from being a financial planner? (kitces.com)Human capitalEvery financial plan should take into account human capital as well. (etf.com)As you age your financial assets should replace your human capital. (ofdollarsanddata.com)PaperworkCan I throw this financial paperwork out? (beta.morningstar.com)Five steps for a more organized ...

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NAR: "Existing-Home Sales Stumble in February"

From the NAR: Existing-Home Sales Stumble in FebruaryTotal existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, retreated 3.7 percent to a seasonally adjusted annual rate of 5.48 million in February from 5.69 million in January. Despite last month's decline, February's sales pace is still 5.4 percent above a year ago. Total housing inventory 3 at the end of February increased 4.2 percent to 1.75 million existing homes available for sale, but is still 6.4 percent lower than a ...

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