$RACE There is a savvy Wall Street adage that advises: “be fearful when others are greedy, and be greedy when others are fearful“. A Key way to measure the level of fear in a given stock is through a technical analysis indicator called the RSI (Relative Strength Index), RSI measures momentum on a scale of […]
$XAU, $GLD, $USD Gold prices moves higher as USD eases, and an Iranian-backed militia stormed the US Embassy in the Iraqi capital Tuesday. US short term yields moved lower weighing on the interest rate differential, which put downward pressure on the Buck and paved the way for higher gold prices. Technical Analysis: Gold prices moved […]
$XAU, $GLD, $USD Gold prices broke out Tuesday during this holiday shorted session pushing through the December highs despite a stronger USD and unchanged US yields. There was very little data to drive prices following Monday’s US Durable goods orders which was weaker than expected and a downgrade in projected US GDP by the Atlanta […]
$BTCUSD Bitcoin (BTC) tumbled to 15-month lows Friday, negating hopes of a rally signaled by extreme oversold conditions. The world’s largest cryptocurrency by market cap fell to $3,200 on Bitstamp at 00:15 UTC the lowest mark since September 2017. Currently, Bitcoin is trading at: 3,218.68-16.80, or -0.5192%, as of 8:27p GMT, the market is open. BTC […]
Bitcoin (BTC) Bounces Off of Lows $BTCUSD The bounce off of 1-week lows seen Tuesday may have helped bitcoin (BTC) avert a bigger sell-off. The leading cryptocurrency by market cap established a Bearish lower-high pattern at $4,400 last week and closed well below $4,000 Monday, confirming an end of the corrective bounce. As a result, BTC […]
Bitcoin (BTC) Price Looks Like a Further Fall into Bear Market Territory $BTCUSD Bitcoin’s (BTC) reversal of the recent uptrend in prices is gathering pace and a drop deeper into Bear Territory below $6,200 is now a possibility, technical charts indicate. The leading cryptocurrency found acceptance below the lower edge of the rising channel Thursday, invalidating the […]
Bitcoin (BTC): The Technicals, The Outlook $BTCUSD Bitcoin is ranged in here, and the direction of the next breakout is uncertain. Bitcoin was expected to rise toward 7,000 at the weekend, having broken above a Key technical mark Friday. However, contrary to expectations, BTC Bulls failed to take up the supply around 6,600 in the frame. […]
Ferrari (NYSE:RACE) is an Aristocrat stock, it Pays Dividends $RACE Ferrari is HeffX-LTN’s Stock of the Year, sees a Bullish Breakout, there is no resistance. Ferrari (NYSE:RACE) is HeffX-LTN’s stock of the Year fueled by accelerating earnings growth. The iconic Italian Supercar maker’s shares rallied 2.4% to 143.96 on NYSE Wednesday breaking overhead resistance at 141.66 in it […]
Ferrari (NYSE:RACE) HeffX-LTN’s Stock of the Year, Bullish Breakout $RACE Ferrari (NYSE:RACE) is HeffX-LTN’s stock of the Year fueled by accelerating earnings growth. The iconic Italian Supercar maker’s shares rallied 2.4% to 143.96 on NYSE Wednesday breaking overhead resistance at 141.66 in it consolidation pattern. The chart is telling me that the stock is spring loaded for a […]
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 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: […]
HEFFX Hong Kong Week Ahead Shayne Heffernan, founder and CEO of HEFFX, is looking to short a rally in Hong Kong on Monday morning. HANG SENG INDEX closed down -36.221 at 21,964.270. Volume was 31% below average (neutral) and Bollinger Bands were 42% wider than normal. Open High […]
Friday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Wall Street closed in the Red breaking a 9 session streak. DJIA -79.24 at 18515.79, NAS Comp -16.03 at 5073.90, S&P 500-7.92 at 2165.10 On the weekly, the index has been trading just above it mid-line of its latest range, and just at Key MA. On the daily, the […]
Thursday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Wall Street closed in the Green again Wednesday, with the DJIA reaching a fresh record high of + 36.02 pts to close at 18,595.03. The NAS Comp gained 53.56 pts, to end at 5089.93 The S&P 500 gained 9.24 pts to 2.173.02. On a daily basis, DJIA […]
Wednesday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Wall Street closed in the Green, with the DJIA reaching a fresh record high, up by 0.09% or 16 pts to close at 18,533.05. The NAS Comp gained 26 pts, to end at 5055.78, the S&P 500 gained 0.24% to 2.166.89. Netflix (NASDAQ:NFLX) stood out, reporting earnings […]
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 […]
Friday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Thursday, US stocks extended the rally, with the DJIA and the S&P 500 closing at fresh all-time highs, as NAS Comp struggled to hold on to yearly gains. Wall Street rose in mid-day trading, as another batch of encouraging US data, which included the PPI (producer price […]
Thursday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Wall Street finished mixed, with the DJIA and the S&P 500 extending their rallies a bit, but the NAS Comp edging 17 pts lower, to close the day at 5,005.73. The DJIA closed 0.13% higher at 18.372.12, while the S&P 500 added 0.01% to 2,152.43. Trading was […]
Wednesday’s Technical Outlook for DJIA (.DJI) $DIA, $DJ Wall Street kept the momentum rally going Tuesday, with the DJIA and the S&P closing at all-time highs. The DJIA advanced 120 pts, or 0.66% to close at 18.347.67 The S&P 500 added 14.98 pts, to finish at 2,152.14. The NAS Comp added +0.69%, at 5,022.82. Energy […]
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 […]
Monday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Wall Street ‘hijinks’ drove the Major US stock market indexes due North last Friday, with the S&P 500 tapping at record highs and closing at 2,129.90, up by 1.53%, on the Headline Only report of a strong rise in NFPs, suggesting the US economy is recovering after […]
Friday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI US stocks closed mostly lower Thursday, reversing early gains, pushed down by a sharp decline in Crude Oil prices as investors adopt a cautious stance ahead of the US NFPs report. The DJIA lost 22.74 pts, or 0.13% to close to 17,895.88. The S&P 500 fell 1.83 […]
Thursday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI US stocks finished higher Wednesday as investors shrugged off Brexit concerns and risk aversion eased a it during the New York session. The DJIA gained 78 pts, or 0.44%, to close at 17,918,62. The S&P 500 rose 11 pts, or 0.54%, to finish at 2,099,73. The NAS […]
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 […]
Tuesday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Wall Street closed with modest gains last Friday, up for a 4th day running, with the DJIA + 0.11% or 19 pts to close at 17,949.37, the S&P + 4 pts at 2,102.95, and the NAS Comp +0.41% or 19 pts, to finish at 4,862.57. The advanced […]
Friday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI US stocks rose for a 3rd session running Thursday, supported by prospects of more monetary stimulus from major central banks after BOE’s Carney hinted at a Summer rate cut. The DJIA rose 235 pts or 1.33%, to close the day at 17,929.99. The S&P 500 gained 28 […]
Thursday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Wednesday, Wall Street indexes spiked for a 2nd day running, with DJIA and S&P 500 reentering positive territory YTD, as Brexit worries continued to fade. The DJIA rose 1.64% or 284 pts to finish at 17,694.68 The NAS Comp added 86 pts, to end at 4,559.25 The […]
Wednesday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Wall Street staged a bounce Tuesday, with the DJIA having its best day in almost 4 months, ending at 17,409.72, up by 269 pts. The NAS Comp advanced 2.12% and closed at 4,691.87, and the S&P 500 added 35 pts or 1.78% to finish at 2,036.09. The […]
Tuesday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Risk off extended in the US afternoon session, with the DJIA down 260 pts or 1.50%, to end at 17140.24, the NAS Comp shed 113 pts, and closed at 4,954.44, and the S&P 500 fell 36 pts to 2,000.54. Participants were cautions Monday, with financial shares suffering […]
Monday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Worldwide stocks dove Friday, with US indexes posting their largest intra-day declines YTD. The DJIA closed the day 610 pts lower at 17,400.75. The S&P 500 shed 75 pts, to end at 2,037.41. The NAS Comp lost 4.12% or 202 pts, to 4,707.98. The victory of the […]
Friday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Wall Street indexed rose in the last hour of Thursday’s session, with DJIA settling above the 18,000 level for the 1st time in over 2 weeks. The upward momentum in US equities was backed by markets’ positive mood, based on Wall Street bets that the UK referendum […]
Friday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Wall Street reversed Thursday, with all 3 US major stock market indexes closed in the Red, the losses were shallow by the close, as stocks managed to trim most of their daily losses. The DJIA shed 19 pts, to close the day at 17,985.19, the NAS Comp […]
Thursday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI After spending most of the day in the Red, Wall Street reversed erasing losses just of the close finishing flat to unch on the day. The DJIA + 2 pts at 17,789.67, the NAS Comp added 4 pts to 4,952.25, and the S&P 500 at 2,099.33, + […]
Investors Prepare, the Caution Lights are Flashing $DIA, $SPY, $QQQ, $VXX We get recessions, we have stock market corrections. If you do not understand that’s going to happen you are not ready and you will not do well in the financial markets. Over the last several weeks in my daily DJIA technical outlook column I […]
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, […]
Tuesday’s Technical Outlook for DJIA (.DJI) $DIA, $.DJI Monday, US stocks finished lower on low volume, in a quiet start to the week. The DJIA fell 8 pts, or 0.05%, to close at 17,492.93. The S&P 500 dropped 4 pts, or 0.21%, to finish at 2,04804. The NAS Comp lost 3 points, or 0.08%, to […]
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 […]
The Technical Outlook for Gold & WTI Crude Oil (Daily) Gold Spot Gold (CMX:GCM16) advanced Friday on weal market’s sentiment, but closed the week in the Red at 1,273.65 oz. The precious Yellow metal fell sharply intra-day on some positive US economic data, but pared its daily losses during the US afternoon session, as safe […]
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% […]
Wednesday’s Technical Outlook for the DJIA (.DIA) $DIA, $.DJI US stocks finished sharply higher on their highs Tuesday, with the DJIA up 222 pts or 1.26% to end the day at 17,928.35, its largest daily gainer in almost 2 months. The NAS Comp added 59 pts, to finish at 4,809.88, and the S&P 500 rose […]
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 […]
Technical Outlook for Bullion and WTI Crude Oil $GLD, $USO Gold Bullion $GLS Spot Gold reached 1300.00 oz for the 1st time in 15 months, up over 22% YTD. Gains in the commodity have been supported by several reasons in Q-1, Gold ran on a flight to safety due to fears of a global economic […]
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 $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) $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 […]