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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.”Tuesday Market Recap: Sarhan in Reuters: US STOCKS-Wall St pares gains on weak services data
Tuesday, September 06, 2016 * Non-manufacturing activity index drops to 51.4 in August – ISM * Financial stocks drag down S&P 500 * Spectra Energy jumps on Enbridge deal * Cepheid soars on $4 bln Danaher offer * Dow down 0.06 pct, S&P down 0.05 pct, Nasdaq up 0.18 pct (Adds details, comments, updates prices)…
Sarhan in WSJ: Why China’s Selloff Isn’t Bringing Down U.S. Stocks
Feb 25, 2016 3:19 pm ET U.S. investors returned to their desks on the first trading day of the year to see that the Shanghai Composite Index had fallen 6.9%. The resulting stateside selloff was swift and heavy. Less than two months later, U.S. traders got in Thursday morning to see the same thing: a6.4% selloff in…
Adam Sarhan MarketWatch.com Quote: Stock futures flat ahead of Obama, Fed speakers
North Korea reportedly conducts another nuclear test Feb. 12, 2013, 9:00 a.m. EST By Barbara Kollmeyer, MarketWatch MADRID (MarketWatch) — U.S. stock futures stuck largely to the flat line on Tuesday, ahead of a barrage of speeches from Federal Reserve officials. THE REST OF THE STORY: MARKET SNAPSHOT Today’s stock-market coverage continues in Market Snapshot The…
Adam in CNBC: Nasdaq hits record high as stocks rise; oil slides more than 3.5% ahead of OPEC meeting
November 28, 2016 1pm U.S. equities rose on Tuesday as investors kept an eye on falling oil prices ahead of a key OPEC meeting, while digesting economic data. The Dow Jones industrial average traded about 30 points higher, with UnitedHealth Group contributing the most gains. The S&P 500 traded 0.2 percent higher, with health care…
CNBC: Dow jumps 100 in open; financials lead
U.S. stocks opened higher Monday, attempting to bounce from a sharp sell-off last week, as investors eyed low oil prices in a shortened trading week. The Dow Jones industrial average gained more than 100 points in the open, with Goldman Sachs leading nearly all constituents higher. Financials jumped more than 1 percent to lead advancers…
