Dollar Greening Up – IT Trend Model BUY Signal and Inverse H&S

On Friday, Gold minted a new IT Trend Model Neutral signal, so it isn't surprising to see the opposite occur for the Dollar. Looking at the chart of UUP, there are plenty of bullish characteristics. This new IT Trend Model BUY signal is a great confirmation of the very bullish reverse head and shoulders pattern that has formed.

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10/23 MarketWatchers LIVE Recap – PMO Workshop – Monday Set-Ups

  Welcome to the recap of Monday's MarketWatchers LIVE show, your antidote for the CNBC/FBN lunchtime talking heads. Listen and watch a show devoted to technical analysis of the stock market with live market updates and symbols that are hot. Watch the latest episode here! Information abounds in our Monday/Wednesday/Friday 12:00p - 1:30p shows, but the MWL Blog will give you a quick recap. Be sure and check out the MarketWatchers LIVE ChartList for many of today's charts.  Your comments, questions and suggestions are welcome. Our Twitter handle is @MktWatchersLIVE and/or #mktwatchers, email is marketwatchers@stockcharts.com and our Facebook page is up and running so "like" it at MarketWatchers LIVE. Don't forget to sign up for notifications at the end of this blog entry by filling in your email address.  ** Special Announcement ** Martin Pring will be our guest on Wednesday 10/25! Don't miss it! < p class"entry-more-link">Continue Continue reading "10/23 MarketWatchers LIVE Recap – PMO Workshop – Monday Set-Ups"

Sherpa Foundry wins investment from Silicon Valley Bank and becomes Silicon Foundry

Sherpa Foundry has received an investment from SVB Financial Group, the parent company of Silicon Valley Bank, and changed its name to Silicon Foundry. The foundry was begun in 2013 by Sherpa Capital co-founders Shervin Pishevar and Scott Stanford as a way to connect corporations with startups and emerging technologies. This month it opened a 12,500-square-foot headquarters in San Francisco next to Silicon Valley Bank. Foundry members include British Petroleum, Deutsche Telekom, Majid Al Futtaim, NBCUniversal and Royal Bank of Scotland. No financial details were disclosed.

DiClemente joins Evercore ISI as a senior managing director

Evercore ISI has hired Anthony DiClemente as a senior managing director. Previously, he worked at Instinet where he served as a managing director and senior research analyst. PRESS RELEASE NEW YORK, Oct. 23, 2017 /PRNewswire/ –Evercore (NYSE: EVR) announced today that Anthony DiClemente has joined Evercore ISI as a Senior Managing Director, and will lead Evercore ISI’s Internet research effort. Mr. DiClemente adds significantly to Evercore ISI’s TMT franchise, joining Vijay Jayant (Media; Cable, Satellite & Telecom Services), Kirk Materne (Software), CJ Muse (Semiconductors and Semiconductor Capital Equipment), and David Togut (Payments, Processors & IT Services). Mr. DiClemente was most recently a Managing Director & Senior Research Analyst at Instinet, covering companies in the Internet and Media sectors. Prior to that, he was an Internet and Media Analyst at Barclays and held research positions at Lehman Brothers and Stern Stewart & Co. Ed Hyman, Evercore ISI’s Founder and Chairman, said,
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Rambus Rising on Q3 EPS Beat, Trumpets Server DRAM Chipset

Shares of chip technology maker Rambus (RMBS) are unchanged in late trading, at $13.75, after the company this afternoon reported Q3 revenue in line with expectations, and beat on the bottom line, and forest revenue and profit this quarter slightly above what the Street has been modeling. Revenue in the three months ended in September rose […]

Canada’s Stelco IPO to price between C$16 to C$18: Reuters

Canadian steel maker Stelco Holdings Inc expects its initial public offering to be priced between C$16 to C$18 per share, raising about C$200 million ($158 million) at the mid-point. The company, owned by U.S. private equity group Bedrock Industries, plans to offer between 11.11 million and 12.50 million of common shares. Stelco, which is emerging from its second bankruptcy in 13 years, will list on the Toronto Stock Exchange under the symbol “STLC”. Stelco operates two steel-processing facilities in Ontario and is targeting the auto sector for growth with plans to increase production of lightweight, higher-strength steels that automakers are increasingly seeking for better fuel economy, according to the company’s IPO filings. Goldman Sachs Canada Inc, BMO Nesbitt Burns Inc Capital Markets, Credit Suisse Securities (Canada) Inc, J.P. Morgan Securities Canada Inc, Scotia Capital Inc, TD Securities Inc, National Bank Financial Inc and Oppenheimer & Co
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Standard Chartered Private Equity sells stake in Botswana’s Kamoso: Reuters

Standard Chartered Private Equity has sold its stake in a Botswana retail and consumer goods company Kamoso Distribution to a consortium led by Investec Asset Management Private Equity, RMB Ventures, local partners and senior management. Kamoso was mostly a supplier to Botswana’s largest budget retail chain, Choppies Enterprises, before StanChart PE and New York investment firm Development Capital Partners (DCP) bought a 72 percent stake in 2015 and expanded operations. Both Stanchart PE and DCP have now sold their shareholdings, Investec Asset Management and RMB Ventures said in a statement on Monday. “Over the last few years, Kamoso has expanded from its roots in Botswana to supply retailers across Southern Africa,” the companies said. “The company has also invested heavily in new capital equipment to expand its consumer product offerings, which range from paper products to pharmaceuticals, and from bottled water to milled grains as well as imported consumer
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