Corporate Jet Rebound?
Discussing a turnaround in business aviation, with Edward Bolen, National Business Aviation Association.
New Meadowlands $1.6B Smart Stadium
The way America watches football is about to change, with John Chambers, Cisco Systems, Mark Lamping, New Meadowlands Stadium, and CNBC’s Darren Rovell.
Stocks Negatively Reverse At 50 DMA Line
The technical action in the major averages continues to weaken. Currently, resistance for the the major averages are their 50 DMA lines, then their longer term 200 DMA lines. It is also disconcerting to see the action in several leading stocks remain questionable as evidenced by the dearth of high-ranked leaders breaking out of sound bases. Monday’s negatively reversal emphasizes the importance of remaining cautious until the rally is back in a confirmed uptrend. Put simply, we can expect this sideways/choppy action to continue until the market breaks out above resistance or below support (recent chart lows). The first scenario will have bullish ramifications while the second will be clearly bearish. Trade accordingly.
Tiger Gets Divorced
Elin Nordegren and Tiger Woods confirmed on Monday that they have divorced. CNBC’s Darren Rovell discusses the outcome.
KC Fed's Thomas Hoenig's View
Kansas City Fed President Thomas Hoenig testifies to a House Field Committee on the economy and the issue of too big to fail.
A Suite Recovery
Some hotel properties are managing to buck the downturn, with Stephen Bartolin, The Broadmoor, and John Scott, Rosewood Hotels & Resorts.
The Political Economy
Political pressure is rising ahead of the midterm elections, with Greg Valliere, Potomac Research Group, Allen Sinai ,Decision Economics.
Time of 'Weaker Government' in Australia
When a government gets formed in Australia, Peter Costello, former Australian treasurer, says the practicalities of making laws will become exceptionally difficult. He tells CNBC’s Bernard Lo & Matthew Taylor that this will be a time of “weaker government”.
Stocks Fall As Economy Weakens
The technical action in the major averages continues to weaken. Currently, resistance for the Dow Jones Industrial Average and the benchmark S&P 500 index is their respective 200 DMA lines, while the Nasdaq Composite faces resistance at its 50 DMA line. It is also disconcerting to see the action in several leading stocks remain questionable as evidenced by the dearth of high-ranked leaders breaking out of sound bases. Thursday’s action wiped out the gains enjoyed earlier in the week for the major averages which emphasizes the importance of remaining cautious until the rally is back in a confirmed uptrend. Put simply, we can expect this sideways/choppy action to continue until the market breaks out above resistance or below support (recent chart lows). The first scenario will have bullish ramifications while the second will be clearly bearish. Trade accordingly.