Morning Briefing: Gold Defying the Market Experts

Morning Briefing: Gold Defying the Market Experts

Morning Briefing: Gold Defying the Market Experts $GLD Wall Street continues Short and caught short Gold as Y 2018 open the New Year’s trading. Gold continues to defy it critics rising 11.00 Friday to break the psych mark at 1300, and close on its highs near 1305.00. The new 3-month high represents a 70.00 rally […]

BHP Billiton (ADR) (NYSE:BHP) Bullish Trend

BHP Billiton (ADR) (NYSE:BHP) Bullish Trend

BHP Billiton (ADR) (NYSE:BHP) Bullish Trend Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. By the way, prices are vulnerable to a correction towards 29.56. The projected upper bound is: 34.98. The projected lower bound is: […]

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 […]

Wednesday’s Technical Outlook for DJIA (.DJI)

Wednesday’s Technical Outlook for DJIA (.DJI)

Wednesday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI US stocks finished lower Tuesday as Brexit concerns resurfaced following Bank of England’s Financial Stability Report, while disappointing US factory orders and a 4.7% dive in Crude Oil prices added further pressure to equities. The DJIA lost 108 pts, or 0.61% to close at 17,840. The S&P […]

Friday’s Technical Outlook for DJIA (.DJI)

Friday’s Technical Outlook for DJIA (.DJI)

Friday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Thursday, Wall Street’s major market indexes finished the day flat to unchanged. DJIA down by 23 pts closed at 17,828.29, the S&P 500 down 0.02% at 2,090.10, and the NAS Comp + 0.14% or 6 pts to end at 4,901.77. Worldwide stocks’ trading was choppy, but positive, […]

Thursday’s Technical Outlook for DJIA (.DJI)

Thursday’s Technical Outlook for DJIA (.DJI)

Thursday’s Technical Outlook for DJIA (.DJI) $DIA, $.DJI Wall Street closed mostly flat Wednesday, with the DJIA up down by 4 pts or 0.02% at 17,526.62. The NAS Comp added 0.50% to close at 4.739.12, and the S&P 500 added 0.2%, to 2,047.63. Stocks fell after the release of the latest FOMC Mins, showing higher […]

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% […]

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

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

Tuesday’s Technical Outlook for the DJIA (.DIA) $DIA, $.DJI Monday, Wall Street closed mixed, with the DJIA down 34 points or 0.20% to 17,705.91, the NAS Comp and the S&P 500 finishing up by 0.30% to 4,750.21 and 0.08% to 2,058.69 respectively. A decline in Crude Oil prices mid-morning, and expectations of weak earnings reports […]

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 The DJIA rose 51 points, or 0.28%, to 18,041.55 after the no tell FOMC policy announcement. The SP 500 gained 3 pts, or 0.16%, to 2,095.15, the NAS Comp lost 25 points, or 0.51%, to close at 4,863.14 as Apple Inc. (NASDAQ:AAPL) shares dove on its […]

Wednesday’s Outlook for WTI & Brent Crude Oil

Wednesday’s Outlook for WTI & Brent Crude Oil

Wednesday’s Outlook for WTI & Brent Crude Oil $USO, $OIL Tuesday, Wall Street saw a choppy day, warring between weaker US macro-economic data and firm energy prices. Despite falling early in the day, both DJIA and S&P 500 indices marked gains at the end of the day, adding +0.07% and +0.19% respectively, but the NAS […]

Monday’s Technical Outlook for DJIA (.DJI)

Monday’s Technical Outlook for DJIA (.DJI)

Monday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Wall Street ended mixed last Friday and not far from the opening marks. The DJIA added 21 pts to finish at 18,003.75, the S&P 500 closed flat to unchanged at 2,091.58 and the NAS Comp lost 39 pts to end the day at 4,906.23. The DJIA held […]