Sarhan in CNBC: Dow hits new all-time intraday high as market puts Brexit fears behind

Sarhan in CNBC: Dow hits new all-time intraday high as market puts Brexit fears behind

Let’s Talk… Visit 50Park.com To Schedule A Complimentary Portfolio Review The S&P 500 moved higher in record territory Tuesday and the Dow Jones industrial average broke above its all-time intraday high as fears eased over Brexit and Japan signaled more economic stimulus. The blue-chips index reached the milestone on the heels of the S&P 500…

Week-In-Review: Big Breakout Coming To Wall Street

Week-In-Review: Big Breakout Coming To Wall Street

Stocks Breakout Of Bullish Head and Shoulders Pattern Stocks rallied nicely last week and are once again flirting with major resistance (record highs) after the government reported a stronger than expected jobs report. The bullish fundamental catalyst is that Brexit means more easy money from global central banks and (for now) that is bullish for stocks….

Sarhan in CNBC: Bulls vs bears – Two arguments for stocks in the second half

Sarhan in CNBC: Bulls vs bears – Two arguments for stocks in the second half

Stocks have been flat for 18 months, but some market participants see potential upside in the second half despite many reasons to doubt the staying power of this weeks’ gains. After Thursday’s close, the Dow Jones industrial average and the S&P 500 were virtually unchanged for the year, having gained just 2.69 percent and 2.90…

Week-In-Review: Central Banks Save The Day…Again

Week-In-Review: Central Banks Save The Day…Again

Central Banks Save The Day…Again There really is no playbook for the wild action we are seeing on Wall Street. In the past week alone, stocks were crushed after Brexit and then soared after central banks stepped in and saved the day. Buyers showed up on Tuesday after Mario Draghi (European Central Bank President) said…

Sarhan in CNBC: Dow Races 200 Points Higher As Stocks Extend Post-Brexit Recovery

Sarhan in CNBC: Dow Races 200 Points Higher As Stocks Extend Post-Brexit Recovery

U.S. stocks traded higher Thursday, amid oil losses, as the major indexes tried to extend a massive rally following the United Kingdom’s vote on EU membership. “I think it’s a continuation of trying to sort out what Brexit means and what’s important to investors,” said Bruce McCain, chief investment strategist at Key Private Bank. “Whether…

Sarhan in Reuters: #WallStreet Rallies For Third Day, Healing Brexit Wounds

Sarhan in Reuters: #WallStreet Rallies For Third Day, Healing Brexit Wounds

Thursday, June 30, 2016 BY LEWIS KRAUSKOPF Wall Street posted solid gains for a third straight day on Thursday as Britain’s central bank raised the prospect of stimulus and consumer staples shares gained on news of Mondelez International’s $23 billion bid for Hershey. The three U.S. indexes were each up at least 1 percent, and…

Complimentary End of Quarter Webcast: Sign Up Here

Complimentary End of Quarter Webcast: Sign Up Here

In just 2 more days, we’ll be reviewing Leading Stocks and how to capture them, the current market environment and what to expect for the road ahead, plus a whole lot more! Register FREE Here. DAY/DATE: Thursday June 30, 2016 TIME: 8:00PM ET DURATION: 1 Hour DESCRIPTION:  The course will be taught by ChartYourTrade’s own 20+ year market veteran,…

Week In Review: Historic Brexit Vote Crushes Markets

Week In Review: Historic Brexit Vote Crushes Markets

Watch Adam on Bloomberg TV –  Here Brexit Vote Crushes Markets: Becomes A Bear Stearns Moment, Not Lehman (Yet) We received a record number of emails since Friday thanking us for our cautious stance. Stocks fell for a third straight week and was crushed on Friday after the U.K. decided to leave the E.U. Thankfully,…