LB Forecast 11/17/2015
L Brands (NYSE:LB) is the parent company of many common brands such as Victoria’s Secret, Pink, and Bath & Body Works. Our forecast has been fulfilled as price dropped down to test the blue zone.
L Brands (NYSE:LB) is the parent company of many common brands such as Victoria’s Secret, Pink, and Bath & Body Works. Our forecast has been fulfilled as price dropped down to test the blue zone.
Hasbro (NYSE:HAS) is a toy and game company which is showing signs of reversal as we near the holiday season. There is still a little bullish energy left to dissipate, so our forecast is that price will push up into the areas designated in Red, then rotate lower to test the blue zone.
The S&P 500 index proxy (SPY) has topped out, but we warn that the top is likely not quite in yet. We are forecasting that there will be one more failing bullish push before a sustainable top can form which will turn price.
(EUR/USD) continues to push lower and we have a new ivory zone to work with as maintain our forecast for a retest of the lows near 1.05.
Gold (Shown here as the ETF proxy GLD) is fighting to reverse, but the bears still have some power that needs to dissipate before a sustainable bottom can form. While not a cash flow vehicle, this down leg offers a chance to build a hedge position at what we believe to be an attractive…