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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.”Sarhan in CNBC: US Stocks Close Mostly Higher After Fed Minutes; Utilities Jump More Than 1 pct
Want To Talk To Adam About Your Portfolio? Visit: 50Park.com To Schedule A Complimentary Appointment Today Wednesday, August 17, 2016 4pm EST U.S. stocks closed mostly higher on Wednesday as investors digested the release of the Federal Reserve’s July meeting. The Dow Jones industrial average held about 4 points higher, with 3M contributing the most…
Adam Sarhan Reuters Quote: Copper ends up after Bernanke keeps stimulus hopes alive
By Chris Kelly and Susan Thomas NEW YORK/LONDON | Fri Aug 31, 2012 2:10pm EDT (Reuters) – Copper rose on Friday to end August with a monthly gain, after Federal Reserve Chairman Ben Bernanke said high unemployment is a “grave concern”, leaving investors hopeful for another round of government bond buying, or quantitative easing, or QE, from…
Reuters: Wall St. lower as earnings take sheen off oil surge
Markets | Fri Apr 22, 2016 11:25am EDT Wall Street was lower on Friday after a slew of disappointing earnings reports from Microsoft and other major companies eclipsed a surge in oil prices which boosted energy shares. Microsoft was the biggest drag on all three major indexes. Crude rose about 2.5 percent on signs of…
CNBC: Nasdaq sheds 3% amid massive tech sell-off
Friday 2.5.16 U.S. equities fell on Friday as mixed U.S. employment data raised concerns that the Federal Reserve may raise rates this year. The U.S. economy added 151,000 jobs in January, the Bureau of Labor Statistics said Friday. Economists were expecting a gain of 190,000. The unemployment rate, however, fell to 4.9 percent from 5.0…
