Following a volatile end to April, on whose last day many decided to frontrun “selling in May before going away”, the world has taken a breather and overnight China was closed to celebrate May day, unable to celebrate the “beat” of the official Chinese Manufacturing PMI which printed unchanged from last month, at 50.1, goalseeked to beat the consensus expectation […]
Benchmarks posted modest gains on Thursday amid gains in energy shares, mixed earnings reports and weak economic data. While, gains among energy shares were able to offset discouraging domestic and overseas economic reports, investors continued to assess a slew of mixed earnings results. Energy shares gained after domestic crude oil price touched its highest level this year on Thursday. Meanwhile, […]
Benchmarks began December on a dismal note as discouraging domestic as well as overseas economic data dented investor sentiment on Monday. Moreover, decline in sales during Thanksgiving weekend also dragged down retail shares on Monday. However, rebound in oil prices boosted energy shares. The Nasdaq registered its biggest one-day decline in seven weeks and the S&P 500 witnessed the same […]
Benchmarks started the second half of 2014 on a positive note after economic data showed manufacturing activity picked up in U.S and Asia. Gains in health-care, technology and consumer discretionary sectors also propelled the S&P 500 and the Dow to close at record highs. Bio-tech stocks primarily boosted the Nasdaq. Upbeat U.S. auto sales in June also boosted investor sentiment.For […]
Benchmarks finished in the green on Monday as encouraging services sector data outweighed concerns emanating from escalating Ukraine-Russia geopolitical tension. The increase in ISM Services Index also offset jitters related to weak Chinese manufacturing data. The S&P 500 and Nasdaq were also boosted by Apple’s stock closing above $600 for the first time in over a year.For a look at […]
Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereThe AUD/USD finished February higher, but the week and day lower as investors braced for what should be an active trading week.Shortly after Forex markets closed on Friday, China announced that factory activity slowed to an 8-month low in February. The government survey confirmed signs […]
Chicago PMI and Consumer Sentiment Trigger Stock Market Rally to All-Time High
By Jon C. Ogg February 28, 2014 10:15 am EST
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Friday’s economic reports should not have made much of a dent, nor should they have created much of a bump in the stock market. Gross domestic product (GDP) was a revision for the fourth quarter. Now we have Chicago Purchasing […]
Chartist Friend from Pittsburgh: The Wolf Of Technical Analysis & Chicago PMI
The Wolf Of Technical Analysis & Chicago PMI
Nobody knows if a stock is going to go up, down, sideways or in circles. You know what a Fugazi is?
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Chartist Friend from Pittsburgh: The Wolf Of Technical Analysis …
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