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3 Charts I Am Looking At (Aka Dead Cat Bounce Watch)
Kroger Jumps on the Keurig, er, Kroger-cup Bandwagon
Although the company's earnings look strong and the management's outlook remains positive, investors were not thrilled and the stock is trading 3% lower on today's trading session. This selloff brought NIKE down to test its 50-day moving average on a heavy volume, but the stock has been able to hold above this key technical level.
What To Expect in the Final Week Of February for Precious Metals, Gold Stocks & Dollar
This morning we are seeing the US Dollar index move higher retesting a short term breakdown resistance level. What this means is that the dollar fell below support and is not slowing drifting back up to test the breakdown level. As we all know once a support level is broken it then becomes resistance.