HALISTER1: Bund Future May Drop to 21-DMA as Bull Momentum Wanes: Analysis

Bund Future May Drop to 21-DMA as Bull Momentum Wanes: Analysis

(Bloomberg) -- This year’s first bearish MACD cross on the generic bund future contract warns of a counter-trend decline toward 21-DMA at 163.46, Bloomberg Technical Analyst Sejul Gokal writes (see chart).
  • There’s scope for a deeper slide to 162.44, the 38.2% Fibonacci retracement of of Dec-Feb. rally
  • MACD yday executed a bearish crossover from elevated levels
    • Other momentum tools such as slow-stochastics are bearish and falling; remain far from oversold boundaries
  • Daily close below Bloomberg trender line, standing flat at 163.96, would reinforce tactical bear conviction
    • Risk to technical view is a daily close above 164.94 (Ichimoku conv. line) which would reinstate the upside pressure
  • NOTE: Bund March contract +18 ticks to 164.37
  • NOTE: Sejul Gokal is a technical strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice.
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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HALISTER: MORE: Wal-Mart Cuts Yr Sales Forecast; 4Q Comp. Sales Miss

MORE: Wal-Mart Cuts Yr Sales Forecast; 4Q Comp. Sales Miss

(Bloomberg) -- Wal-Mart cuts yr sales forecast to “relatively flat” from previous view of up 3%-4% on constant currency basis; cites recent store closings, US$ strength.
  • Sees yr EPS $4.00-$4.30, est. $4.13.
  • Sees 1Q Wal-Mart U.S. comp. sales up around 50bps y/y vs 1.1%; sees 1Q Sam’s Club comp. sales w/o fuel around unchanged
  • Sees 1Q EPS 80c-95c, est. 91c (range 85c-$1.00)
  • 4Q adj. EPS $1.49, saw $1.40-$1.55 (Jan.), est. $1.46
  • 4Q rev. $129.7b vs est. $130.6b (range $127.05b-$132.82b)
  • 4Q consolidated U.S. comps. ex-fuel +0.4%, est. +0.9% (Consensus Metrix avg of 21)
  • Wal-Mart U.S. comps. ex-fuel +0.6%, est. +1.0%, co. saw “around” +1% in Nov.; Neighborhood Market comps rose ~7%
    • Wal-Mart U.S. traffic +0.7%, ticket -0.1%
  • Sam’s Club U.S. comps. ex-fuel-0.5%, est. +0.5%, co. forecast unchanged to +1%; traffic -1.4%, ticket +0.9%
  • Conf. call 7am 877-523-5612 pw 9256278#
Statement
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
WMT US (Wal-Mart Stores Inc)

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HALISTER1: ICBC Madrid Branch Resumes Operation, Spokesman Says

ICBC Madrid Branch Resumes Operation, Spokesman Says

(Bloomberg) -- Branch resumed operation, ICBC Beijing-based spokesman Wang Zhenning says in Wechat message.
  • Spanish Police Arrest Five in ICBC Money-Laundering Probe; Link
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
601398 CH (Industrial & Commercial Bank of China Ltd)

People
Wang Zhenning (Industrial & Commercial Bank of China Ltd)

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UUID: 7947283