Similar Posts
Copper vs US Stocks- A Closer Look
LIKE THIS? Join OUR FREE NEWSLETTER Copper Violates Major Support: Last week, I began writing about Copper- here. Since then, copper has gone straight down, violated multi-year support and caused fear to spike regarding the situation in China and other emerging markets. Changing Global Economy: Typically, copper is known to have a PhD in Economics…
Jobs Report: Why Does It Matter?
The jobs report is extremely important, especially now, because in October 2009, the unemployment rate surged to a 26-year high of 10.2%! Over the past few months, the number of job losses have steadily declined as the unemployment rate edged higher. If this trend continues we can easily turn positive (i.e. start creating jobs) in the near future which will bode well for the economic recovery. That said, Wall Street watches this report very closely because a stronger jobs picture translates into a healthier economy. A healthier economy translates into stronger sales and earnings which, in turn, translates into higher stock prices. Sometimes, ladies and gentlemen, it is that simple.
Technical Damage Mounting For Gold
Like this? Join Our Free Newsletter Here Bearish Technical Signs Mounting For The Yellow Metal: Todd has done a great job highlighting gold’s woes in recent weeks. Earlier this week, gold broke down below two important technical areas: inverse cup-with-handle pattern, and…
Stock Market Resistance & Negative (Outside) Reversal Day From Prior Chart Highs
The major averages are tracing out an ominous technical pattern known as a “negative (outside) reversal day” after encountering resistance near their prior chart highs.
5 Concerns Investors Have Right Now; Q1 2010
Here’s list of 5 Fears Investors Have Right Now: US Economic Growth: The lack of job growth and ongoing stagnation in housing remains a top concern. Interest Rates: How will the massive government deficits effect interest rates? The fiscal and economic health of Greece, Spain, Portugal and Ireland (i.e. PIGS). New Bubbles: Emerging Markets or Chinese real-estate? The high price…
May 2010 Stock Market Commentary
Sovereign debt woes continue to be the bane of this rally. At the end of April the S&P Rating Agency downgraded Greece’s debt to “junk” status, which accelerated the steep sell-off in the euro and sent it down to its 2008 lows! This sparked a world-wide panic sell-off which sent stocks plunging. In addition, Spain and Portugal’s debt was also downgraded which put pressure on a host of capital markets. Italy and Iceland are the two nations which analysts believe are also dealing with ominous debt levels. All of this helped the US dollar enjoy one of its strongest gains against the euro in over a year. Since November, the greenback has rallied smartly and jumped above its 50-day moving average (DMA) and 200 DMA lines. As expected, the stronger dollar sent US stocks and a slew of commodities (i.e. dollar denominated assets) lower as investors continue to debate our economic future.
