Thu Jul 26, 2012 12:31pm EDT By Frank Tang * ECB’s Draghi comment to rescue euro zone underpins * Gold briefly above 100 DMA, seen near inflection point * SPDR Gold Trust posts outflow (New details throughout, updates comment, changes byline, dateline, previously LONDON) By Frank Tang NEW YORK, July 26 (Reuters) – Gold rose…
Long Sideways Patterns Are Normal For The Stock Market: This is one of my favorite charts because it clearly shows that we are in the middle of a long (12 yr) sideways pattern in the US stock market. These long sideways periods are “normal,” have happened before, and will happen again. …And So…
Fri Jul 20, 2012 4:45pm EDT * Investors covered shorts on Bernanke put * Decreased net longs in silver in week to July 17 By Frank Tang July 20 (Reuters) – Hedge funds and money managers sharply cut their net short position in U.S. copper futures and options in the week to July 17, as investors covered their short…
Friday, July 20, 2012 Stock Market Commentary: Stocks and a slew of other “risk-on” assets spent most of the week rallying but fell hard on Friday as EU debt woes resurfaced. The market is back in rally-mode which suggests the path of least resistance is higher. The current rally was confirmed on the June 29,…
Thu Jul 19, 2012 12:38pm EDT * Gold up following two days of losses on Fed outlook * Rally in crude oil, dollar’s drop help By Frank Tang NEW YORK, July 19 (Reuters) – Gold rose 1 percent on Thursday after two days of losses, lifted by a drop in the dollar and a rally…
Friday, July 13, 2012 Stock Market Commentary: Stocks and a slew of other “risk-on” assets spent most of the week in the red before staging a strong rally on Friday to help send them into positive territory. The big catalyst for the week was stronger-than-expected earnings reports from US companies, especially JP Morgan (JPM) and Wells…
By MATT JARZEMSKY 07.06.12 Even in a shaky stock market, the blue chips are holding up. After the Dow Jones Industrial Average dove more than 150 points, or 1.3%, by midday Friday, Johnson & Johnson (JNJ) and American Express Co. (AXP) were still close to joining a growing club–blue chips trading at all-time highs. Seven Dow…
Friday, July 06, 2012 Stock Market Commentary: Stocks and a slew of other “risk-on” assets ended mostly lower on a shortened holiday week as investors digested a slew of economic data from across the globe. In the short-term, the current rally is under pressure for US equities which began on Friday, June 29, 2012 (in…
TOP NEWS Oil, stoked by Iran talk, leads near-record rally Tue, Jul 03 18:54 PM EDT By Barani Krishnan and Eric Onstad NEW YORK/LONDON (Reuters) – Commodity markets shot higher for the second time in three days on Tuesday, with oil prices leading the way as they posted one of their biggest, broadest rallies ever…
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