The Traderszone Network

The House on Wednesday passed resolutions to overturn rules encouraging states to set up retirement savings plans for private-sector workers, threatening to eliminate a key element of an Obama administration initiative.
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These are the stocks making moves after the bell.

Economic reports could trump most other things for markets Thursday, after Janet Yellen ramped up rate hike expectations.

Stocks have done something they haven’t done in more than a quarter of a century with the Dow industrials, the S&P 500, and the Nasdaq all closing at record levels for a fifth session in a row.
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Today, crude oil may be interesting for some traders because of a bullish pattern visible on hourly chart with five waves up from 51.83 followed by a corrective setback from 54.50. We see price in Wave c, which may find a base in the next 12-24 hours at 52.80-53.20 region.

“On balance, the things that professional forecasters represent … are a compilation of all widely known information, which is exactly what markets discount and pre-price,” he said. At the beginning of any year, professional forecasters lay out their views and have already placed their bets. These predictions are therefore pre-priced.

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In the past year, S&P profits have grown 46% yoy. Sales are 4.5% higher. By some measures, profit margins are back at their prior highs. This is a remarkable turnaround from a year ago when profits had declined by 15% and most investors…

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