Travelers CEO on Earnings
Jay Fishman, Travelers chairman and CEO, discusses the company’s earnings and outlook with CNBC.
UK GDP Growth Surges Higher
UK GDP growth data came in stronger than expected for the second quarter. “This is probably as good as it gets for a while, the outlook is quite tough,” Kevin Grice from Capital Economics told CNBC Friday.
Ford CEO on Q2 Earnings
A breakdown of the automaker’s earnings and an outlook, with Alan Mulally, Ford Motor Company CEO.
Stocks Close Above Resistance
All the major averages traded above their respective two month downward trendlines and their 50 DMA lines on Thursday. However, it is a bit disconcerting to see volume recede as the market moves higher. This is the exact opposite of what one would like to see when the major averages rally. It is also important to note that the major averages are rallying up to an area where they encountered resistance several times in recent weeks and they are still below their longer term 200 DMA lines. That said, we can not argue with the tape and the bulls deserve the bullish benefit of the doubt until this “breakout” is negated. Trade accordingly.
DJIA, Nasdaq Composite, & S&P 500 Are All Above Resistance
As of 2:45pm EST on Thursday, July 22, 2010 all the major averages are trading above their respective two month downward trendlines and their 50 DMA lines. However, it is a bit disconcerting to see volume recede as the market moves higher. This is the exact opposite of what one would like to see when the major averages rally above resistance. It is also important to note that the major averages are rallying up to an area where they encountered resistance several times in recent weeks and they are still below their longer term 200 DMA lines. That said, we can not argue with the tape and the bulls deserve the bullish benefit of the doubt until this “breakout” is negated. Trade accordingly.
New Secret Tax On Gold
Discussing whether there is a connection between gold and your health, with Stephen Moore, Wall Street Journal Editorial Board.
Jim Cramer- Cause for Concern?
Cramer breaks down what he has to say about Fed chief Ben Bernanke.
Larry Summers on FinReg
National Economic Council Director Larry Summers discusses the Wall Street reform bill with CNBC’s Maria Bartiromo.
Stocks Fail At Resistance- Again
Since the current rally began on July 1, the major averages have rallied on suspiciously light volume, leadership has been very light and resistance has held firm- all unhealthy signs. This ominous action suggests another pullback may be in the cards. That said, patience and caution are of the utmost importance until the major averages close above resistance. Trade accordingly.
President Obama Signs FinReg Bill
President Obama signs the financial regulation bill,