Stock Market Strong Start to Jackson Hole WeekStock-Markets / Stock Markets 2014Aug 19, 2014 – 02:38 PM GMTBy: PhilStockWorldThe S&P 500 rallied at the open and drifted higher to its 0.87% intraday high during the lunch hour. It then traded in a narrow range to its 0.85% close. The popular press attributes the gain to reduced tensions in Ukraine. It […]
NEW! Download all of 2013 Performance: Click to Download!OR Download all of 2014 Performance to Date: Click to Download!Dow opens + 95 and our open trade improves.Market Open (click to enlarge)UNXL (click to enlarge)90 minutes in (click to enlarge)JRJC (click to enlarge)BITA (click to enlarge)LCI (click to enlarge)3 1/4 hours in (click to enlarge)JRJC (click to enlarge)MEG (click to enlarge)JRJC […]
Markets ended in the green as Russian president’s comments eased concerns related to geopolitical tensions. This, along with positive earnings results, offset jitters over downbeat European growth numbers. Moreover, dismal initial claims data turned out to be positive for the market as it eased sooner-than-expected rate hike fears. Trading volume was very low, making it the second-lowest full trading session […]
HONG KONG Asian stocks sank Friday as jitters over the crises in Iraq and Ukraine escalated but Chinese stocks rose after trade figures showed surprisingly strong growth in exports.KEEPING SCORE: Japan’s Nikkei 225 led Asian declines, sliding 2.8 percent to 14,814.07 as the yen strengthened. South Korea’s Kospi lost 1.1 percent to 2,032.24 and Hong Kong’s Hang Seng shed 0.2 […]
In last week’s Benzinga article on InterMune (NASDAQ: ITMN), some of the warning signs for the overall stock market were highlighted.Those warnings became more than just warnings last week, as the market took some significant hits. Last Thursday’s 300-plus drop on the Dow Jones Industrial Average was the main headline.Since then the market has continued to decline, but some stocks […]
Get Forex buy/sell signals directly to your email and by SMS.To learn more click hereDaily EUR/USD Technical AnalysisDaily EUR/USDThe EUR/USD is under pressure at the mid-session. The main trend is down on the daily chart so the weakness isn’t a complete surprise.Despite the solid one-day rally on Friday which was triggered by short-covering rather than new buying, the market has […]
NEW! Download all of 2013 Performance: Click to Download!OR Download all of 2014 Performance to Date: Click to Download!Dow opens + 21 and our open trade jumps to +3kMarket Open (click to enlarge)BITA (click to enlarge)TSLA (click to enlarge)Flag (click to enlarge)EMES (click to enlarge)ANAC (click to enlarge)PRTA (click to enlarge)The Dow closes + 76 This is what we […]
MomentumOptionsTrading.com Midday Update for 8/1/2014Bears Breaking Bad12:20 p.m. (EST)Futures were volatile throughout the night and were higher ahead of the overseas market opening, but got progressively worse ahead of Wall Street’s open. Dow futures were down over triple-digits at one point, but made a dramatic turnaround following a weaker-than-expected Non-farm Payrolls number.The drop to 209,000 jobs added came in worse-than-expected, […]
Benchmarks suffered their biggest losses in months on Thursday, following a default by Argentina, and a spike in US labor costs. Concerns about the European economy and Russia-Ukraine crisis also dragged the S&P 500 below a key technical level and the Dow dropped more than 300 points. Both these indices snapped their five-month streak of gains, while Nasdaq ended in […]
Gartman: Bull market hasn’t ended
Dennis Gartman of the Gartman Letter weighs in on El Pollo Loco’s performance and dissects today’s selloff.
Following a down day for stocks, the S&P 500 could fall another 3 percent, Dennis Gartman said Thursday.”We’re going to see the S&P make its way down close to 1,860 or 1,875 and so,” Gartman said on CNBC’s “Fast Money.”But […]
