Weekly Technical Analysis – “Near-Term Weakness Towards Worst Case SP500 1730″
by prestonni on Jan 28, 2014 • 7:42 pmThe Swiss team have released their latest technical analysis for the major asset markets.They are sticking to their cyclical road map and therefore forecasting a shallow correction of between 5 to 7%. They reference 1730 as the ‘worst case’ scenario.I’m personally a […]
Continuing the earlier day’s positive trade, European stocks were up today. On the other hand, Asian stocks are moving quite favorably today amidst the speculation that the global economy is strengthening. A major boost came for the U.S. as the dollar appreciated against 15 of its 16 major peers, despite weak employment data.Chinese economy got a boost today when it […]
LOS ANGELES (MarketWatch) — Australia stocks seesawed in early Friday […]
The Dow and S&P 500 finished Thursday’s trading on new highs following Janet Yellen’s comments during her Senate confirmation hearing. Yellen suggested that the Federal Reserve’s soft monetary policy could continue until the economy shows signs of significant strength. A couple of economic reports were released yesterday. Initial claims slipped, declining for the fifth time in a row. Among the […]
Sign up for the Executive Summary email briefing to get the news delivered straight to your inbox first thing in the morning.Markets: By the numbersMonday’s North American closeTSX13,358.39 -19.94 -0.15%Dow Jones15,783.10 +21.32 +0.14%S&P 5001,771.89 +1.28 +0.07%Nasdaq3,919.79 +0.56 +0.01%Decent jobs growth, encouraging words from central bank officials and healthy earnings numbers were enough to push North American stock markets strongly higher yet again last week.The question […]
