Bulls Defend Critical Support Stocks ended mostly higher last week after the bulls showed up and defended critical support. As we have said since the beginning of June, the 50 day moving average line is the critical line in the sand to watch for the major indices. It was encouraging to see that important level…
Tuesday, June 20, 2017 U.S. stocks fell in late morning trading on Tuesday, slipping from record levels, as a sharp drop in oil prices squeezed energy stocks and a rebound in tech stocks petered out. Oil prices nosedived to seven-month lows after news of increases in supply by several key producers, a trend that has…
Tuesday, June 20, 2017 U.S. equities kicked off Tuesday’s session slightly lower as investors awaited for more details regarding potential tax reform. The Dow Jones industrial average fell about 15 points at the open, with Chevron contributing the most losses. The S&P 500 slipped 0.2 percent, with energy falling 1.4 percent to lead decliners. The…
Stocks End Week Mixed; Tech Stocks Fall – Again Once again, we are entering a very split tape as investors sold leaders (tech stocks) and bought laggards for the second straight week. The Nasdaq and Nasdaq 100, which were leading the market for all of 2017, fell last week as the Dow Jones Industrial Average…
Tue Jun 13, 2017 | 8:44am EDT U.S. stocks looked set to open higher on Tuesday as technology shares staged a recovery after a two-day rout, while investors awaited the Federal Reserve to kick off a meeting, where it is almost certain to raise interest rates. Traders have priced in a 94 percent chance of…
Big Shift On Wall Street; Investors Sell Leaders, Buy Laggards The market is pulling back from over-bought conditions. Something important happened on Friday, when big investors dumped tech stocks (leaders) and bought laggards (small-caps and other under-performing sectors such as biotechs, retail, and financials, just to name a few). In the short term, last month’s…
Tuesday, May 6, 2017 The Dow, S&P and Nasdaq ended Tuesday’s session lower, with investors looking ahead to ex-FBI Director James Comey’s testimony and the UK general election. Bond prices, meanwhile, caught a bid as the benchmark 10-year note yield hit its lowest level since the days following the U.S. presidential election. Gold prices also…
Published: June 5, 2017 2:42 p.m. ET Comey testimony, ECB meeting, U.K. election are some of the highlights of a busy week ahead U.S. stocks struggled to find direction Monday, losing hold of a slight boost following remarks from President Donald Trump on revamping the country’s air-traffic control system, as investors grappled with a variety…
Another Record Setting Week On Wall Street The major averages remain exceptionally strong as the market simply refuses to decline in any significant fashion. Comey is set to testify next week and that is the next big wild card for the market. In the short term, last month’s lows are the next level of support…
By Salvador Rodriguez | SAN FRANCISCO Shares of Box Inc (BOX.N) rose more than 4 percent in after-hours trading Wednesday after the cloud storage firm’s quarterly earnings edged ahead of Wall Street analyst’s expectations. The Redwood City, California-based company posted revenue of $117.2 million for the period, ahead of a Thomson Reuters i/b/e/s consensus forecast…