Adam's April 2015 Market Outlook on Benzinga.com 04/01/2015
Adam Sarhan, Founder and CEO of Sarhan Capital – #PreMarket Prep for April 1, 2015
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CNBC Quote: Stocks Close Sharply Higher in Rebound; S&P, Nasdaq Out Of Correction
U.S. stocks closed sharply higher on Wednesday, partly recovering from the worst start to September in 13 years, as investors eyed calmer global markets, domestic data, and oil prices. The major averages rallied more than 1.5 percent in the close to end near session highs, with the Nasdaq composite outperforming with gains of 2.46 percent…
Reuters Quote: Copper caps worst monthly loss since June 2010
Reuters Quote: Copper caps worst monthly loss since June 2010
“I still think there is still some work to be done,” said Adam Sarhan, chief executive of
Sarhan Capital in New York.
“We are seeing a light-volume bounce up to a logical area of resistance … there is also the
issue of a death cross, which bodes poorly for the near-term outlook.”
A death cross occurs when the 50-day moving average sinks below, or crosses over, its 200-day
moving average.
(Graphic: link.reuters.com/puk53s )
“As long as copper stays below its 50- and 200-day moving averages, the bears remain in
control.”
Adam Sarhan Dow Jones Newswires Quote: MARKET TALK: Cotton Futures Barely Budge on Lack of Buying
15:16 EDT – Cotton futures continue to loll around between 70c. and 72.50c/lb. with China off on holiday. Volume was very thin at just 55% of 2012’s average daily volume. “Cotton continues to go virtually nowhere as it continues tracing out its long base,” says Sarhan Capital’s Adam Sarhan. A robust USDA export sales report…
Adam Sarhan Reuters Quote: Gold lower but recovers some ground; trade eyes $1,525/oz
By Josephine Mason NEW YORK | Wed May 23, 2012 5:02pm EDT (Reuters) – Gold managed to recover most of the ground it lost in a brutal sell-off earlier on Wednesday even as sentiment and the euro remained fragile as European leaders met to discuss the deepening euro-zone debt crisis. Gold tested key support levels for a…
Adam Sarhan IBTimes Quote: Madison Square Garden Spinoff Could Reveal How Much Knicks, Rangers Are Worth
By Jessica Menton on October 28 2014 7:43 PM The Madison Square Garden Company announced on Tuesday it is exploring splitting its business into two separate companies, which would spin off the New York Knicks and Rangers from MSG’s entertainment unit. The reasoning for the split could be largely driven by investors who want to…
Adam Sarhan CNBC.com Quote: WRAPUP 1-U.S. manufacturing grows in Sept for 1st time since May
Published: Monday, 1 Oct 2012 | 1:22 PM ET * Manufacturing unexpectedly expanded last month-ISM * New orders, unemployment gauges improved * Construction spending fell 0.6 pct in Aug By Leah Schnurr NEW YORK, Oct 1 (Reuters) – U.S. manufacturing unexpectedly expanded in September for the first time since May as new orders and employment picked…