US Stocks React to Overbought Market Conditions

US Stocks React to Overbought Market Conditions

US Stocks React to Overbought Market Conditions $DIA, $SPY, $QQQ, $VXX, $GLD US stocks retreated Thursday following the Asian and EU markets, with the S&P 500 Index giving up 1.5%, and a measure of market volatility was up, but still in Neutral mode. US Treasuries rose with the Japanese Yen as investors sought havens, Gold […]

Tuesday’s Technical Outlook for DJIA (.DJI)

Tuesday’s Technical Outlook for DJIA (.DJI)

Tuesday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI US indexes surged to fresh all-time highs Friday, before ending the day flat. The initial rally came after the release of stronger-than-expected US data, as retail sales were up by 0.6% in June, industrial production rose to 75.4%, also beating expectations. Stocks retreated ahead of the close […]

Tuesday’s Technical Outlook for DJIA (.DJI)

Tuesday’s Technical Outlook for DJIA (.DJI)

Tuesday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Last Friday, Wall Street spiked on a Headline Only “good” NFPs report, with the S&P marking intra-day record high and closing at 2,129.90, up by 1.53%. Monday, the DJIA finished +80.19 at 18226.93, NAS Comp +31.88 at 4988.64, S&P 500 +7.26 at 2137.16 Corporate earnings in the headlights this […]

Gold and WTI Crude Oil Technical’s (Daily)

Gold and WTI Crude Oil Technical’s (Daily)

Gold and WTI Crude Oil Technical’s (Daily) $GLD, $USO Gold prices spiked again Thursday, with Spot Gold at 1,271.67, its highest since 18 May, in spite of the Buck’s strength, benefited by sour market’s sentiment. Thursday, the US major stock market indexes reversed on risk aversion, triggered by fears that the global economic slowdown may […]

Thursday’s Technical Outlook for the DJIA (.DIA)

Thursday’s Technical Outlook for the DJIA (.DIA)

Thursday’s Technical Outlook for the DJIA (.DIA) $DIA, $.DJI Wall Street dove Wednesday, reversing most of Tuesday’s gainers. DJIA shed 217 pts or 1.21% to close at 17,711.12, the NAS Comp gave back 1.02% to end at 4,760.69, the S&P lost 0.96% to close at 2,064.46. Retailers led the decline with Macy’s (NYSE:M) falling 15% […]