Archive | February, 2014

Luxottica: Languishing or Thriving?

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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

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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…

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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.