Biotechs rise on Greece ‘No’ Vote!Amazing news, right? I mean, who would think the news out of Greece would push biotech stocks higher?But apparently it did. The Greek people let the world know they ain’t interested in more austerity (not that they really had any). Meanwhile, biotechs were the strongest group of stocks on the market to kick off the […]
Biotechs rise on Greece ‘No’ Vote!Amazing news, right? I mean, who would think the news out of Greece would push biotech stocks higher?But apparently it did. The Greek people let the world know they ain’t interested in more austerity (not that they really had any). Meanwhile, biotechs were the strongest group of stocks on the market to kick off the […]
BEIJING (AP) — More than two dozen companies in China are postponing initial public offerings and security companies are pledging more than $19 billion for a fund to stabilize the country’s free-falling stock market.The 28 companies, which had obtained permission from China’s securities watchdog for IPOs planned in Shanghai and Shenzhen, said they would postpone them due to recent market […]
A brokerage house in Shanghai, China. Official efforts to halt the stock market slide have so far been in vain. Photograph: Aly Song/Reuters
China’s efforts this week to stem the tide of losses on its main stock market failed on Friday when the Shanghai Composite index plunged a further 5.8%, taking the drop in share values to 28% since their June […]
By Nick Cunningham, a Washington DC-based writer on energy and environmental issues. You can follow him on twitter at @nickcunningham1. Originally published at OilPriceOil markets face a lot of downside risk – high crude oil inventories in both the U.S. and Europe, resilient production from U.S. shale, increasing output from OPEC, a nuclear deal with Iran, the turmoil in Greece […]
Stock Market Uptrend/downtrend Inflection PointStock-Markets / Stock Markets 2015Jun 27, 2015 – 01:53 PM GMTBy: Tony_CaldaroThe market started the week at SPX 2110. A gap up opening took the SPX to 2130 on Monday, the high for the week. Then the market pulled back every day, including Friday, to end the week at SPX 2102. For the week the SPX/DOW […]
Not just talking about stocks here. Everything that is usually moving is not and everything that usually doesn’t move has been moving.Bonds: have been volatile, but will decline through the Summer, most likely. Will be highly dependent on “big economic data” because this market is being pseudo-driven by the Fed.Oil: Has been doing nothing for the past 2 months, staying […]
More Charts
Into its sixth year, the bull market continues to grind higher while experiencing a very low level of volatility.Market technician Ryan Detrick noted that it’s been 8 weeks since we’ve seen a weekly move of at least 1% up or down in the S&P 500. That’s the longest such streak we’ve seen in 21 years.And it’s not just the […]
I count forty seven winners, eleven losers, one break even trade for the June option cycle. While I made money, I had my first whopper loss for 2015 plus a stupid trade so grade is a C. Both the big loser and whopper loss were in AMBA. I also got whipsawed in JBLU and MRK. I made money in SKX, […]
Akin Oyedele
Jun. 18, 2015, 12:33 PM
328
ZaldyImg/FlickrBiotech stocks are having a massive Thursday.The iShares Nasdaq Biotechnology ETF rallied more than 3% on Thursday to a new all-time high.The ETF, which tracks stocks in the industry, has seen two big plunges this year, including a 10% correction in April.Despite these zigzags, the trend is up, and the industry has rallied with other […]
