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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.”CNBC: Stocks pare losses; S&P 500 tries to hold green for 2015
Thursday, Dec 31, 2015 12:33pm EST U.S. stocks traded lower Thursday, the last day of trade for 2015, as investors eyed oil prices. The Dow Jones industrial average traded about 30 points lower after briefly falling 150 points in morning trade as all constituents declined. The S&P 500 struggled to hold positive territory for 2015…
Sarhan in CNBC: IBM plunges, drags down market
Sarhan in CNBC: IBM plunges, drags down market
Adam Sarhan Reuters Quote: Instant View: Consumer prices up in September on gasoline
Tue Oct 16, 2012 8:54am EDT (Reuters) – Consumer prices rose in September as the cost of gasoline surged, posing a threat to consumers’ spending power although faster inflation looked unlikely to derail the Federal Reserve’s ultra-easy policy path. KEY POINTS: * The Consumer Price Index increased 0.6 percent last month, in…
Thursday Recap: Sarhan in @CNBC: Stocks fall sharply; Deutsche Bank down 6.5%
Thursday, September 29, 2016 U.S. stocks traded lower on Thursday the initial excitement from an OPEC production cut deal faded while investors digested several pieces of economic data. “For all intents and purposes, the OPEC meeting was all rhetoric and no action,” said Adam Sarhan, CEO at Sarhan Capital. “Remember, these countries do not like…
Tuesday Recap: Sarhan in Reuters: Wall Street Drops As Earnings Season Begins on Dour Note
Tuesday, 10.11.16 2:12pm EST By Yashaswini Swamynathan U.S. stocks tumbled on Tuesday, with the S&P 500 and the Nasdaq on track for their worst day in one month, after Alcoa kicked off the earnings season on a dour note. Alcoa’s (AA.N) shares fell nearly 11 percent, their worst day in five years after the aluminum…
