Stock Market Resistance & Negative (Outside) Reversal Day From Prior Chart Highs
The major averages are tracing out an ominous technical pattern known as a “negative (outside) reversal day” after encountering resistance near their prior chart highs.
The major averages are tracing out an ominous technical pattern known as a “negative (outside) reversal day” after encountering resistance near their prior chart highs.
Discussing the state of employment in New York City, Michael Bloomberg, NYC mayor.
The domestic demand story makes India, China and Indonesia attractive, says Jonathan Reoch, senior portfolio manager at AMP Capital Investors. He also tells CNBC’s Oriel Morrison, why he favors higher beta plays such as banks and property firms.
Bill Gross, co-CIO and founder of Pimco, share his investment outlook with CNBC.
It was encouraging to see the major averages continue rallying after breaking above their their respective 2-month downward trendlines and their respective 50-day moving average (DMA) lines. However, the Dow Jones Industrial Average and the NYSE composite have stalled near their prior chart highs which is their next logical area of resistance. At this point, the window remains open for for high ranked stocks to be accumulated when they trigger fresh technical buy signals. If you are interested in learning more, feel free to contact us for a full list of high ranked candidates. Trade accordingly.
Discussing whether President Obama is doing enough for small business owners, with Simon Denyer, Reuters and Bernard Whitman, Democratic pollster.
Tom Ward, CEO of SandRidge, discusses the future of oil with the Fast Money crew.
Buy small-cap funds when investing in China, advises Hugh Young, MD of Aberdeen Asset Management. He explains why this is the correct theme to be playing in China, with CNBC’s Martin Soong, Bernard Lo & Karen Tso
Tuesday, July 27, 2010 Stock Market Commentary: Earnings & Mixed Economic Data Weigh On Stocks.
Adam Sarhan on consumer confidence, Richmond-area manufacturing and S&P Case Shiller Home Price Index.