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Adam Sarhan Reuters & CNBC.com Quote:
NEW YORK (Reuters) – New single-family home sales dropped in March to their lowest level in four months, but the reading still beat analysts’ expectations as the government said sales in prior months were higher than initially thought. Consumer confidence edged slightly lower in April, while Americans also reined in their inflation expectations after a…
Reuters Quote: Facebook's ascent has investors betting on more gains
Technology | Tue Jul 28, 2015 2:19pm EDT BY SAQIB IQBAL AHMED Investors in social media shares have zeroed-in on Facebook Inc (FB.O), piling into stock options to add bullish bets on the company in the days ahead of its Wednesday earnings. Facebook escaped a rout in social media stocks after last quarter’s results and…
Adam Sarhan Reuters Quote: COMMODITIES-Futures pull back after early rally, await China data
COMMODITIES-Futures pull back after early rally, await China data Tue May 7, 2013 5:35pm EDT * China April trade data expected on Wednesday * Brent crude closes below $105 after nearing $106 earlier * Copper consolidates early run to 3-week high * Gold down as Australia cuts rates, ECB open to more easing (Updates with…
CNBC: Could Russell Correction Signal More Losses Ahead?
Fri, 08.21.15 – As U.S. investors assess the market’s ongoing selloff, they may find the proverbial canary in the coal mine to be small-cap stocks, particularly those within the Russell 2000. The Russell, a key small caps index, entered correction territory Friday, trading about 10 percent below its 52-week high of 1,296, reached June 23,…
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 Reuters Quote: Portugal bank worry drives gold to 3-1/2 mth high; more upside seen
10-Jul-2014 17:44 Bullion hits March high on worries of Europe contagion India leaves gold import duty at record high (Updates with trader’s comment on more upside for gold) By Barani Krishnan and Clara Denina NEW YORK/LONDON, July 10 (Reuters) – Gold surged to 3-1/2 month highs on safe-haven buying on Thursday after questions raised about…
