Archive | February, 2014

Luxottica: Languishing or Thriving?


Along with today’s release of encouraging retail sales data across a number of European countries came the similarly positive earnings results for Luxottica.  A look at our point-and-figure charts suggests that the trend for the company’s stock is all but certain.

Dr. Copper is Suspicious of This Rally in Stocks


Although stocks have erased losses from earlier in the year and are now making new all-time highs, the metal with a PhD in economics is acting a bit less sanguine. Indeed, copper failed to make a new high in February and has now broken it’s medium term uptrend line despite the strength in stocks.

Meanwhile, Across the Channel…


As we saw yesterday, Germany’s Q4 GDP release was neither surprising nor very exciting.  A similar look at today’s release of output in the U.K. reveals a more constructive picture: With positive contributions from all sectors– and a sizeable rise in business investment– the trend on this country’s heat map is skewed decisively green.U.K.