Stocks continued their directionless ways Tuesday, with indexes wiggling around the unchanged mark for the day. Biotechs showed some weakness, but not much else could be gleaned from the day. My leaders list hasn’t found any new names, but also hasn’t been forced out of any. It hasn’t moved more than 1% up or down for weeks. GWPH was the […]
It was a tumultuous week. Investors should get used to it because volatility is going to be with us for some time to come. You can blame a lot of things, but the evidence suggests that the dollar is the main culprit behind the market’s gyrations.The rate of ascent, rather than the direction of the dollar, is largely to blame […]
Updated 10:19 a.m. PT with comments from Lending Club’s chief operating officer.Lending Club this morning kicked off a parade of tech IPOs this week, with executives hitting the opening bell at the New York Stock Exchange and then watching the stock price soar way above prices they had set. At around 10:41 a.m. Eastern the stock exceeded $25.The Financial Times pegged […]
A:A dead cat bounce is a technical trading pattern that signals to traders the continuation of a downtrend, that a stock’s price is likely to continue to decline. The chart pattern appears when only a small, short-lived recovery follows a significant, severe decline in a stock’s price. This trading pattern is considered a relatively definitive indicator of market weakness. It […]
Get Forex buy/sell signals directly to your email and by SMS.To learn more click hereThe gold markets as you can see went back and forth during the day on Friday, showing the 1280 level be supportive enough to keep the market at least interested in buying gold in that region. That being the case, we feel that there are probably […]
Get Forex buy/sell signals directly to your email and by SMS.To learn more click hereSellers took control of the December Comex Gold market after detecting a somewhat hawkish tone in the U.S. Federal Reserve’s July minutes. The news helped drive up U.S. interest rates, making the U.S. Dollar a more desirable investment. Since gold is dollar denominated, the rise in […]
Get Forex buy/sell signals directly to your email and by SMS.To learn more click hereOn Tuesday, September E-mini NASDAQ-100 Index futures straddled a key retracement zone as bullish investors tried to establish a new support area. Since the main trend is down on the daily chart, establishing a new higher bottom has been a struggled because of the increased presence […]
Get Forex buy/sell signals directly to your email and by SMS.To learn more click hereThe DAX as you can see had a very negative Friday, mirroring the horrible session went on Thursday. The market sits at the €9200 level right now, but we think that the real support is down at €9000 where we have seen so much in the […]
Second quarter GDP gained momentum, fuelled by improved consumer spending. Real personal consumption expenditure accelerated in spring by 2.5% following a 1.2% increase in the first quarter.In addition to this, growth was boosted by a pickup in construction spending, increased business spending on equipment, a bigger buildup in inventories and slightly higher government spending.This rise in second quarter GDP was […]
Get Forex buy/sell signals directly to your email and by SMS.To learn more click hereAugust Comex Gold futures closed lower on Friday after posting an inside move. This chart pattern tends to indicate investor indecision and impending volatility. This means traders should watch for an expanded range over the next couple of days.Daily August Comex GoldThe main trend turned down […]
