Stocks are unchanged. Commodities are pretty flat; they have been a big driver for stocks recently. European stocks rose after Renault’s CEO said the financial crisis is over. Today we get the results of...
Read MoreStocks are higher on takeover news and ideas that the global economic recovery is taking hold. Gold is sharply higher, breaking out from a little triangle. Dec. Gold is over $1000, which has CNBC all excited. ...
Read MoreThe jobs report was a bit worse than expected-August jobs fell by 216K, the rate rose to 9.7%. July’s NFP was revised downward by 29K. That’s not a disaster, but not a bullish surprise for the economy either. ...
Read MoreOn Tuesday I wrote about the triangle formation in the Dollar Index futures. (Read the post here.) I expected to se it coil up in the triangle until Friday, when the August unemployment report would be a catalyst for...
Read MoreChinese (Shanghai) stocks were up 4.8% after a Chinese securities regulator said that Chinese authorities will promote a “stable and healthy market”. This lowered concern that China wants to rein in their...
Read MoreMomentum is a term that’s used a lot when talking about the markets. One of the uses is for the momentum indicator, an old and simple way of analyzing a market. Although it’s simple, that doesn’t...
Read MoreStocks are about unchanged. Shanghai was up 1.2% overnight; Europe is slightly lower over concerns about banks. There was a rumor going around yesterday about a bank in trouble; a couple of European names were thrown...
Read MoreAugust is often a slow trading month-lots of vacations and summer doldrums, and kids back to school and college. Markets tend to start moving as we move into September-a new quarter starts, traders come back from vacation....
Read MoreStocks are lower, but off overnight lows. There wasn’t any one factor to the overnight moves. The news is rife with stories of how badly equities perform in September. It was reported yesterday that the...
Read MoreAs I wrote last week, crude oil futures formed a double top and had a great breakout sale last Tuesday (the setup bar is circled, read the post here.). There was followthrough selling through early Thursday, then a...
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