U.S. stocks opened higher Monday, attempting to bounce from a sharp sell-off last week, as investors eyed low oil prices in a shortened trading week. The Dow Jones industrial average gained more than 100 points in the open, with Goldman Sachs leading nearly all constituents higher. Financials jumped more than 1 percent to lead advancers…
Stocks Are Getting Weaker, Not Stronger Stocks are weak as the major indices continue forming a large topping pattern. All year, the S&P 500 has been trading in a large trading range as more and more areas of the market continue to break down and fewer and fewer areas of the market remain in good shape. The…
Economy | Thu Dec 17, 2015 3pm EST The Federal Reserve hiked interest rates for the first time in nearly a decade on Wednesday, signalling faith that the U.S. economy had largely overcome the wounds of the 2007-2009 financial crisis. The U.S. central bank’s policy-setting committee raised the range of its benchmark interest rate by…
Markets | Mon Dec 14, 2015 10:09am EST Wall Street was little changed on Monday, two days ahead of an expected U.S. interest rate hike, as crude oil prices hovered near 11-year lows. The S&P energy sector was down 0.33 percent on Monday on growing concerns that the global oil glut would worsen next year….
Market Getting Weaker, Not Stronger Stocks fell hard last week causing the major indices to break below near term support on Friday. The selling began after the last European Central Bank (ECB) meeting on Thursday 12/3/15. Once again, the action on Wall Street clearly shows us that the #Easymoney from global central banks remains the primary…
U.S. stocks advanced in choppy trade Thursday, attempting to shake off pressure from further decline in oil prices, as investors awaited a possible Fed rate hike next week. “What we really need is to see a market that can trade higher agnostic to oil prices,” said Art Hogan, chief market strategist at Wunderlich Securities. “Breaking…
Bulls Still In Control Stocks ended a volatile week relatively unchanged as the bulls showed up on Friday and sent stocks soaring. Remember, we are in a bull market and the fact that stocks refuse to fall (even on bearish news: terror attacks, talk of World War III, lousy economic data, negative Q3 earnings comps,…
Adam sarhan quoted in reuters
Bulls Still In Control Stocks paused last week helping the S&P 500 form a bullish “handle” pattern. Overall the action remains very healthy on Wall Street as stocks refuse to pullback even as geopolitical tensions flare up across the globe. The light pullback we are seeing is also healthy as it allows the market a…
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