By Ryan Vlastelica NEW YORK | Wed Dec 19, 2012 7:44am EST (Reuters) – Stock futures rose on Wednesday as the latest offers in ongoing U.S. budget negotiations underlined hopes for a deal, while technology shares were lifted by strong results from Oracle. The S&P 500 is on track to extend its best two-day run in a month, a…
Published: Tuesday, 18 Dec 2012 | 2:59 PM ET Gold fell almost 2 percent on Tuesday to its lowest price since August, hit by heavy technical selling and growing hopes that U.S. legislators are closer to reaching a deal that would avert a fiscal crisis next month. Bullion posted its biggest one-day drop since Nov….
Tue Dec 18, 2012 2:54pm EST * Gold at key chart support near $1,660/oz * Further losses appear limited for now * Coming up: U.S. housing starts Wednesday (New story) By Frank Tang NEW YORK, Dec 18 (Reuters) – Gold fell almost 2 percent on Tuesday to its…
Friday, December 14, 2012 Stock Market Commentary: Friday marked day 20 of the current rally attempt (that began on Friday, November 16, 2012- after politicians hinted that a deal would get done for the fiscal cliff). Over the past 20 sessions, the market bounced from November’s low (SPX ~1343) to November’s high (SPX ~1435), or…
Dec. 13, 2012, 8:03 a.m. EST Stock futures flat ahead of retail sales, claims Gold prices dangle under $1,700 an ounce By William L. Watts, MarketWatch FRANKFURT (MarketWatch) — Retail sales data for November is expected to call the tune Thursday, with U.S. stock index futures struggling to find direction as the bullish impact of the…
By LESLIE JOSEPHS December 12, 2012, 3:33 p.m. ET NEW YORK—A surprise increase in sugar output from top producer Brazil sent futures prices for the sweetener down to a 28-month low. Raw sugar for March delivery on ICE Futures U.S. dropped 1.8% to settle at 18.54 cents a pound, the lowest settlement since Aug. 11, 2010….
Friday, December 07, 2012 Stock Market Commentary: The major averages placed a near term low on Friday, November 16, 2012 (Day 1 of the current rally attempt) after politicians hinted that a deal would get done for the fiscal cliff. If November’s lows (SPX 1343) are taken out, then odds favor lower, not higher prices, will…
Friday, November 30, 2012 Stock Market Commentary: The major averages ended higher in November and, as of this writing, have placed a near term low on Friday, November 16, 2012 (Day 1 of current rally attempt) after politicians hinted that a deal would get done for the fiscal cliff. If November’s lows (SPX 1343) are taken…
Here are some simple rules of chart reading that I think anyone analyzing charts should keep in mind. Prices That Fall in to Support Will Bounce at Support Support and resistance are important concepts of chart analysis. Support is a floor price that has been formed by the market over time, it is a low…
Published: Friday, 23 Nov 2012 | 2:34 PM ET Gold futures settled above $1,750 an ounce for the first time in more than a month on Friday, gaining as dollar weakness and options-related buying triggered a technical breakout. After trading slightly higher in early U.S. dealings, gold surged suddenly to above its 50-day moving average, a…