S&P's Blitzer On The Housing Market
The housing recovery will continue to be mixed after a year-over-year drop in January marked an improvement over December, says David Blitzer, Chairman of the Index Committee at S&P.
China, Taiwan Ink Big Trade Pact
China and Taiwan sign a landmark free trade agreement, paving the way for a renewed relationship. china taiwan relations, asian relations, asian politics.
Death Cross: Not A Good Day For The So-Called "Risk" Trade
The Dow Jones Industrial Average & The Benchmark S&P 500 index and Nasdaq composite (not shown) are currently retesting their 2010 lows. As long as these lows hold, the current trading range remains intact. However, if the lows are breached, odds favor lower prices will follow. In addition, it is important to note that their 50 DMA lines are about to undercut their longer term 200 DMA lines which, as we now know, is not a “healthy” sign. It is also worrisome to see that other capital markets have hit new 2010 lows which suggests the bears are getting stronger (i.e. EUR/GBP, EUR/JPY, and EUR/CHF are already at fresh 2010 lows).
Stocks Drift Lower After Blasé G-20 Meeting
Technically, the fact that the Dow Jones Industrial Average, S&P 500, Nasdaq Composite and NYSE Composite all closed below their respective 200-day moving average (DMA) lines last week which bodes poorly for the current rally. Additionally, this unanimously ominous action suggests the market may retest its recent lows. Looking forward, the 50 DMA line may act as stubborn resistance and this month’s lows should act as support. Since the June 15, 2010 follow-through day (FTD), this column has steadily noted the importance of remaining very selective and disciplined because all of the major averages are still trading below their downward sloping 50-day moving average (DMA) lines. It is also worrisome to see the 50 DMA line already slice below the 200 DMA line on the NYSE. This event is known by market technicians as a death cross and usually has bearish implications. Trade accordingly.
Sheila Bair on Future of FinReg
FDIC Chair Sheila Bair discusses the future of financial reform with CNBC’s Erin Burnett.
G-20: Fractures in World Economy
The G20 Summit in Toronto wrapped up yesterday after two days of high-intensity meetings with world leaders, with Raghuram Rajan, University of Chicago-Booth School of Business and John Engler, National Association Of Manufacturers CEO.
Debt & Disparity at G20
Top leaders of the G20 reaching an agreement on common goals for deficit and debt reduction, with Robert Kimmitt, former deputy treasury secretary and John Engler, former Michigan governor.
Sen. Byrd's Passing & FinReg
Discussing what impact the death of Senator Byrd will have on financial regulatory overhaul, with CNBC’s Eamon Javers
Week In Review: Stocks Negatively Reverse And Close Below 200 DMA lines
Technically, the fact that the Dow Jones Industrial Average, S&P 500, Nasdaq composite, and Russell 2000 index all closed below their respective 200-day moving average (DMA) lines this week bodes poorly for the last rally attempt. Additionally, this unanimously ominous action suggests the market may retest its recent lows. Looking forward, the 50 DMA line may act as stubborn resistance and this month’s lows should act as support. Since the June 15, 2010 follow-through day (FTD), this column has steadily noted the importance of remaining very selective and disciplined because all of the major averages are still trading below their downward sloping 50-day moving average (DMA) lines. This week’s sell-off simply confirms that view. Trade accordingly.
Meet the Squawk
What to expect on the next “Meet the Press,” with David Gregory, NBC’s “Meet the Press.”