Wednesday, March 14, 2012 Stock Market Commentary: Stocks opened higher on Wednesday, led by the explosive post Stress-test results from the country’s largest banks. From our point of view, the major averages confirmed their latest rally attempt on Tuesday 1.3.12 which was Day 9 of their current rally attempt. Since then, stocks have been enjoying…
Tuesday, March 13, 2012 Stock Market Commentary: Stocks rallied on Tuesday as investors digested a slew of data from across the globe. From our point of view, the major averages confirmed their latest rally attempt on Tuesday 1.3.12 which was Day 9 of their current rally attempt. Since then, stocks have been enjoying a very…
3:28pm EDT By Chris Kelly and Maytaal Angel NEW YORK/LONDON (Reuters) – Copper fell for the first time in four days on Monday, pressured by an early rally in the dollar versus the euro and by worries global growth may be slowing, which could hurt demand for industrial metals. China, which accounts for 40 percent of the…
Monday, March 12, 2012 Stock Market Commentary: Stocks were quiet on Monday after China said exports slowed which bodes poorly for the ongoing economic recovery. From our point of view, the major averages confirmed their latest rally attempt on Tuesday 1.3.12 which was Day 9 of their current rally attempt. Since then, stocks have been…
Friday, March 09, 2012 Stock Market Commentary: Stocks successfully bounced after testing their multi-month upward trendline for the fourth time since October 2011. From our point of view, the major averages confirmed their latest rally attempt on Tuesday 1.3.12 which was Day 9 of their current rally attempt. Since then, stocks have been enjoying a…
Thursday, March 08, 2012 Stock Market Commentary: Stocks opened higher on Thursday after the ECB and BOE held rates steady and investors were waiting for a deal on the latest Greek debt restructuring. From our point of view, the major averages confirmed their latest rally attempt on Tuesday 1.3.12 which was Day 9 of their…
Wednesday, March 07, 2012 Stock Market Commentary: Stocks bounced on Wednesday after ADP reported a healthy jobs number and buyers showed up to “buy the initial dip” in this 3 month rally. From our point of view, the major averages confirmed their latest rally attempt on Tuesday 1.3.12 which was Day 9 of their current…
Tuesday, March 06, 2012 Stock Market Commentary: Stocks were under pressure as several global economic powerhouses reported weaker than expected GDP growth. From our point of view, the major averages confirmed their latest rally attempt on Tuesday 1.3.12 which was Day 9 of their current rally attempt. Since then, stocks have been enjoying a very…
3:29pm EST 3.5.12 By Frank Tang and Jan Harvey NEW YORK/LONDON (Reuters) – Gold fell on Monday, dropping with equity markets after China cut its economic growth targets, and the precious metal could pull back further if it fails to hold key support after last week’s sharp sell-off. Bullion fell 1 percent after China, viewed by many…
Monday, March 05, 2012 Stock Market Commentary: Stocks were under pressure across the globe after China lowered its GDP forecast to 7.5% for 2012. From our point of view, the major averages confirmed their latest rally attempt on Tuesday 1.3.12 which was Day 9 of their current rally attempt. Since then, stocks have been enjoying…