The $SOX Breaks Out Of A 10yr Base & Hits a 12yr High!
This is bullish for the broader market and the Nasdaq Composite/Nasdaq 100.
This is bullish for the broader market and the Nasdaq Composite/Nasdaq 100.
Airtime: Wed. Jan. 27 2010 | 11:20 AM ET
“I’m pretty confident that Greece will do whatever is necessary to meet the conditions that the ECB sets,” George Soros, chairman of Soros Fund Management, told CNBC in Davos Wednesday. “Germany is not in the mood to be the deep pocket,” he added.
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Like this? Join Our Free Newsletter Here Bearish Technical Signs Mounting For The Yellow Metal: Todd has done a great job highlighting gold’s woes in recent weeks. Earlier this week, gold broke down below two important technical areas: inverse cup-with-handle pattern, and…
Like This? Join Our Free Newsletter Here The Federal Reserve is in a tough spot and faced with a big conundrum: the economy is not responding well (GDP most likely contracted last quarter) to their historic easy money policies. Since 2008, the Fed has held rates at zero and has pumped more money into the system…
QE Cut By Another $10B: On Wednesday 4/30, the Fed ended its two-day meeting and tapered QE by another $10B. The vote was unanimous.to reduce QE from $55bn to $45bn per month. The Fed said the economy slowed in Q1 because of the weather. The focus remains firmly on the outlook for labor and inflation, both of which remain…
February Month In Review: This month marks the one year anniversary from the March 2009 bottom in the stock market. Each of the major averages have enjoyed tremendous gains over the past 12 months as the global economy continues to recover from the worst simultaneous bear market and economic recession since WWII! After that tremendous run,…