The local stock market promptly plunged 20 percent over the following few weeks, kicking off a phenomenon called the “Adam Cheng effect” or “Ting Hai effect.”In the two decades since, nearly every time the 68-year-old Cheng has appeared in a movie or television show—which has been more than 30 times—the Hang Seng declined.Most recently in 2013, the index fell nearly […]
SEOUL, South Korea (AP) — Stock markets in China and Hong Kong extended gains on Friday on expectations of further policy easing, but other stock markets in the region were subdued.KEEPING SCORE: Shanghai Composite index gained 1.1 percent to 4,241.57 while Hong Kong’s Hang Seng rose 0.3 percent to 27,821.62. South Korea’s Kospi inched up 0.1 percent at 2,141.53. Japan’s […]
NEW YORK (AP) — The place where you can buy handmade dresses and crocheted dog costumes has a new hot seller: its own stock.Shares of arts and crafts retailer Etsy surged in opening trading on the Nasdaq Thursday. After pricing at $16 late Wednesday the stock opened at nearly double that, and hit a high of $35.73 in morning trading. […]
Stock Trading Alert: Stocks Extended Their Short-Term Move Up – Will It Continue Higher?By: Paul Rejczak | Thu, Apr 16, 2015SharePrintEmailStock Trading Alert originally published on April 16, 2015, 6:34 AM:Briefly: In our opinion, no speculative positions are justified.Our intraday outlook is neutral, and our short-term outlook is neutral:Intraday outlook (next 24 hours): neutralShort-term outlook (next 1-2 weeks): neutralMedium-term outlook […]
Although China’s economy has been leading the world in annualized growth since the days that mobile phones had retractable antennas, there have always been some aspects of the country’s commercial and financial system that loudly broadcast the underlying illogic of a Communist Party’s firm control of burgeoning capitalism. China’s stock markets were one such venue where things just didn’t add […]
QualcommSemiconductor company Qualcomm lost ground on Monday despite activist firm Jana Partners urging it to speed up a $10 billion stock repurchase and consider splitting its business. The stock closed more than half a percent lower, around $69 per share.Trader Dan Nathan said that Qualcomm looked “broken.” He added that it would continue to be a “work in progress.”YahooInternet company […]
A stock market correction, technically speaking, occurs any time a major benchmark index loses at least 10% of its value. When an index suffers losses of 20% or more, it earns the right to be called a “bear market.” On average, stock market corrections occur every 1.5 years, while bear markets occur about every nine years.Source: ©iStock.com/blewisphotographyAs you may have noticed, the U.S. […]
Stock Trading Alert: Stocks Extended Short-Term Uptrend – New All-Time Highs Ahead?By: Paul Rejczak | Mon, Apr 13, 2015SharePrintEmailStock Trading Alert originally published on April 13, 2015, 6:25 AM:Briefly: In our opinion, no speculative positions are justified.Our intraday outlook is neutral, and our short-term outlook is neutral:Intraday outlook (next 24 hours): neutralShort-term outlook (next 1-2 weeks): neutralMedium-term outlook (next 1-3 […]
Why China’s stock market surge is too powerful to ignoreJONATHAN SHAPIROLast updated Mon Apr 13 03:09:31 UTC 2015
ChinaFotoPressChina’s stock market is up 20 per cent this month, 30 per cent for the year and almost 100 per cent over 12 months.
China’s stock market is on fire. The Shanghai Stock Market Index is up 20 per cent just this month, 30 […]
5 Reasons to Stay Bullish Over the Near-TermPosted by Joe Fahmy
on April 12th, 2015
Share on StockTwits1) The NUMBER ONE criteria I use to evaluate the overall health of the market is the price action of leading stocks. Right now, I am finding many strong fundamental companies forming strong technical patterns. When I see this across many sectors, the market has […]
