Stock Market Morning Rally to a Tiny Trading RangeStock-Markets / Stock Markets 2014Jul 15, 2014 – 10:24 AM GMTBy: PhilStockWorldCourtesy of Doug Short. Some earnings optimism triggered a modest market surge at the open, with Citigroup’s beat grabbing the headlines (C would go on to close with a 3% gain for the day). The S&P 500 rose half a percent […]
Get Forex buy/sell signals directly to your email and by SMS.To learn more click hereAugust Comex Gold futures fell sharply on Thursday, following the release of stronger-than-expected U.S. Non-Farm Payrolls data. This news drove up U.S. interest rates, leading to stronger demand for the dollar and less demand for non-yielding gold.Early in the session, gold was under pressure after breaking […]
Get Forex buy/sell signals directly to your email and by SMS.To learn more click hereA series of fundamental events last week drove the AUD/USD sharply lower, forming a potentially bearish closing price reversal top on the weekly chart. The main trend is still up on the weekly chart, but this pattern is often associated with 2 to 3 week corrections.Weekly […]
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Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereSeptember E-mini Russell 2000 Index futures finished a little lower on Thursday, but remained inside a key retracement zone. How investors react to this zone should dictate today’s price action and could determine the next near-term move.Daily September E-mini Russell 2000 IndexThe short-term range is […]
Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereAugust Comex Gold futures finished the week sharply higher and closed near its high, giving the market a slight upside bias. The only problem for the bullish traders is that the rally took gold into a major retracement zone. Weak longs may use this as […]
Forex Trade Signals: AUD/JPY Countertrend Setup – June 16, 2014By Forexminute – Samuel Rae | Technical Outlook | Jun 16, 2014 6:31AM BSTOn its daily forex chart, AUD/JPY is giving forex trade signals by testing the top of the rising channel with stochastic reflecting overbought conditions. Price might pull up for a test of the actual resistance around […]
Get Forex buy/sell signals directly to your email and by SMS. To learn more click hereThe AUD/USD surged last week to .9437 but fell back to .9400 into the close on Friday as investors took profits ahead of the weekend and because of short-term overbought conditions. Today is the ninth day up from the June 3 bottom at .9229 so […]
Volatility is the dispersion of returns for a given security or market index. It is quantified by short-term traders as the average difference between a stocks daily high and daily low, divided by the stock price. A stock that moves $5 per day with a $50 share price is more volatile than a stock that moves $5 per day with a […]
The general consensus among most people who seriously study markets is that technical analysis is mostly garbage.
After all, how can a investing method that completely disregards a company’s fundamental business prospects in favor of tracking its stock price over time possibly ever get anything right except by chance?
In fact, the most wide-ranging study conducted to date […]
