We have updated our privacy policy and terms & conditions. Find out more here.
9
 

Kate Spade Gets Ugly

By Stock MarketsAug 13, 2014 05:10AM GMT Add a Comment
 
AA
+
-

Yesterday, Kate Spade & Co (NYSE:KATE) printed one of the ugliest reversal candles I've ever seen. The stock just got destroyed after trying to break out earlier in the session. Clearly large shareholder(s) liquidated positions yedsterday after the company's earnings release.

I see a lot of de-risking going on in this market, and Kate Spade is just another example. Hardly any IPOs are going anywhere, that's a sign of risk off. There's been a lot of gap higher and stall out moves on earnings such as what happened with SolarCity Corporation (NASDAQ:SCTY) and Starbucks (NASDAQ:SBUX).

Another thing I've noticed is small cap gold miners are now underperforming large cap miners, this hasn't happened much this year. Signs of risk being taken off are all around.

KATE Daily
KATE Daily

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add a Comment

 

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Fifth&Pacific
 
 
 
Are you sure you want to delete this chart?
 
 
 
Are you sure you want to delete this chart?
 
 
 

Successfully Reported

Thank you. This comment has been flagged for a moderator.
_touchLoadingMsg