Thurs 11.17.11 Gap Up/Down: Stocks & ETFs
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Negative Reversal From Resistance; Stocks Give Back Earlier Gains
Heretofore, the action since this rally was confirmed on the September 1, 2010 follow-through day (FTD) has been strong but the market action has been wide-and-loose which is not a healthy sign. The S&P 500 sliced below its two month upward trendline (shown above) which is not ideal. The next level of support for the major averages is their September highs, then their respective 200-day moving average (DMA) lines while the next level of resistance is their respective April highs. We have enjoyed large gains since the September 1st FTD and over the past two weeks, the tape remains somewhat sloppy. Trade accordingly.
German Investor Sentiment Falls
German investor sentiment fell sharply in August, according to the ZEW index Tuesday. Frieder Mokinski from ZEW, Carsten Brzeski from ING Bank and Dan Greenhaus from Miller Tabak & Co. consider the outlook.
Adam in @CNBC: Stocks Close Flat As Dow Fails To Reach 20,000 Ahead of Christmas
Friday 12.23.16 U.S. equities closed mostly flat on Friday ahead of the Christmas holiday, as the Dow Jones industrial average failed again to reach the psychologically important level of 20,000. The Dow closed about 15 points higher, with UnitedHealth contributing the most gains. “This is the last full trading week of the year. The Dow…
Hedge Funds Face Headwinds 2.9.10
2010 is set to be a promising year for the hedge fund industry, according to research from Moody’s. Uncertainty over regulation and the economy means the industry isn’t out of the woods yet, Odi Lahav from Moody’s told CNBC Tuesday.
Special Report: EVERY Stock That Beat the Market in 2013
Looking For The Best Stocks in 2014? Start by looking at the strongest stocks of 2013. Successful investors know that one of the best ways to find tomorrow’s winners is to study history’s strongest winners. Get It Here All Categories: Mega-cap: Over $200 billion Large-cap: Over $10 billion Mid-cap: $2 billion–$10 billion Small-cap: $250 million–$2…
CIT Names John Thain CEO
Former Merrill Lynch CEO John Thain has been given the top job at CIT. Andrew Ross Sorkin, of the NY Times, and the CNBC news team discuss.
