Dollar Still Going Up: Charts
Airtime: Fri. Mar. 5 2010 |
The dollar is still going up and has a chance to create a “good top” in the near-term, Bill McLaren, independent trader, said Friday. He also looks at the chart for the S&P 500 index.
Airtime: Fri. Mar. 5 2010 |
The dollar is still going up and has a chance to create a “good top” in the near-term, Bill McLaren, independent trader, said Friday. He also looks at the chart for the S&P 500 index.
Discussing the results, with Brian Moynihan, Bank of America president/CEO and Barry Sternlicht, Starwood Capital chairman/CEO.
Friday marked Day 4 of a new rally attempt for the benchmark S&P 500 Index and Day 2 for the other major averages. That said, as long Tuesday’s lows are not breached in the S&P 500, the window is now opened for a proper follow-through day (FTD) to occur. However, if at anytime Tuesday’s S&P 500 Index lows are breached, then the day count will be reset. What does all of this mean for investors? Simple, the market remains in a correction which reiterates the importance of adopting a strong defense stance until a new rally is confirmed. Trade accordingly.
Simon Cooper, president and COO of the Ritz-Carlton, tells CNBC about his hotel chain’s expansion plans and discusses the overall luxury hotel industry
Airtime: Fri. Oct. 8 2010 | 8:31 AM ET
A reaction on the September employment data, with Mark Zandi, Moody’s Analytics; Diane Swonk, Mesirow Financial; James Bullard, St. Louis Federal Reserve Bank CEO/president; Laurence Meyer Macroeconomic Advisers; John Taylor, former Treasury economic policy advisor.
The currency wars could come to a head this weekend at the G20 summit. Arnab Das, managing director of market research and strategy of Roubini Global Economics, and Lauren Rosborough, senior currency strategist at Westpac, discuss the outlook.
Axel Weber, president of Deutsche Bundesbank, told CNBC that the Greek bailout will be implemented soon as he dismissed the idea that the euro zone is at risk of falling apart.