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A Near Term Top & The "V" Word Has Returned To Wall Street
Read here: https://www.forbes.com/sites/adamsarhan/2017/06/29/a-near-term-top-the-v-word-has-returned-to-wall-street/#5d72016e1ebd
Adam in CNBC: Stocks Kick Off 2017 With A Rally; Energy leads
Tuesday, January 3, 2017 Stocks rose sharply on Tuesday, the first trading day of 2017, as stronger-than-expected data out of China and the U.S. and rising oil prices lifted investor sentiment. The S&P 500 gained 1 percent, with energy rising more than 1.5 percent to lead advancers. The Nasdaq composite also advanced around 1 percent….
CNBC: Trade data will be in vogue as Trump-Xi meeting approaches
Monday, April 3, 2017 What to expect from Trump’s meetings with el-Sissi and Xi. As the backend-loaded week kicks off, Wall Street will turn its eyes to U.S. trade data ahead of U.S. President Donald Trump‘s meeting with Chinese President Xi Jinping. “Traders are going to be parsing through that data for hints on what…
Resistance Should Become Support
Market Outlook- Confirmed Rally:
The major U.S. averages are back in a new confirmed rally and broke above resistance of their 6-week base. The benchmark S&P 500 index scored a proper FTD on Tuesday, October 18, 2011, i.e. Day 12, when it rallied over 2% on heavier volume than the prior session. The next important area of resistance is its longer term 200 DMA line. In addition, it is important to note that the bulls scored a victory since many of the major averages closed above their downward sloping 50 DMA lines for the first time since late July! Our longstanding clients/readers know, we like to filter out the noise and focus on what matters most: market action. If you are looking for specific help navigating this market, please contact us for more information.
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The Future of The Digital Media Business
“It Is Not the Strongest of the Species that Survives But the Most Adaptable.” ― Charles Darwin Digital Media 1.0 Is Dead: Earlier today, Todd Harrison, of MinyanVille Fame, penned a great piece titled “Why I’m Exiting The Digital Media Business.” Once again he is way ahead of his time and has his finger right on the…
Commodities Outshine Stocks in 2010
December 2010 Stock Market Commentary: The major averages surged in December and enjoyed double digit gains in 2010. Furthermore, the 18-week rally which was confirmed on the September 1, 2010 follow-through day (FTD) remains intact which is a healthy sign for 2011. Background: Before we address the current market outlook, it is important to step…
