$RACE FLASH: Ferrari sentiment running high, The Bulls are in-charge Ferrari (NYSE:RACE) is not your typical car company, and analyzing the stock is not a typical process, most sector analysts do not understand it and how it works, the iconic Italian Supercar maker is The Aristocrat of the Automotive sector. I have been a fan […]
$XAU, $GLD, $USD The People’s Bank of China (PBoC) said Monday it raised reserves for a 7th month running in June, adding 10.3 tonnes, following the inflow of almost 74 tonnes in the 6 months through May. Last week, Poland said it more than 2X’d its gold assets over this year and last, becoming the […]
$PM We have told our managed money clients that a recent dip in Philip Morris (NYSE:PM) stock is a Golden buying opportunity. Shares of Philip Morris (NYSE:PM) have rebounded after a difficult year in US 2018. “Part of that is the result of the Food and Drug Administration’s approval of Philip Morris’s application to sell […]
$RACE FLASH: As I wrote last December, Ferrari is the auto stock to watch in Y 2019 as the iconic Italian luxury Supercar maker plans to significantly expand its production over the next 7 years. Ferrari (NYSE:RACE) shares Thursday marked another all-time high at $163.64 and finished at $161.16 on the day. All of our […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $USD, $XAU, $GLD, $VXX Total CPI increased 0.1%, as expected, as did core CPI, which excludes food and energy prices. The monthly changes left the Y-Y readings at 1.8% and 2.0%, respectively, versus 2.0% and 2.1% for the 12 months ending in April. The Key takeaway from the report is […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX US household wealth marked a record in Q-1 as the stock market rallied, supporting consumers after Fed interest-rate hikes and trade dispute shocked investors late last year. Net worth for households and non-profit groups increased by $4.69-T, or 4.5%, to $108.6-T after a 3.7% drop in the prior frame, Federal […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: 2 prominent Fed watchers said they now expect the central bank to cut interest rates this year as policy makers react to a darkening economic outlook. JPMorgan Chase & Co. (NYSE:JPM) chief US economist Michael Feroli and former Fed Governor Laurence Meyer both said the Fed will act […]
$RACE FLASH: Evercore ISI upgrades Ferrari (NYSE:RACE) to an Outperform rating from In Line in a strong note to clients Thursday. “In this turbulent period of declining sales/production, and with arguably the largest event risk the auto industry has faced this millennium sitting only months away (EU CO2 regs), we urge investors to seek solace […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX Note: The Mins from the May FOMC meeting showed that policymakers are comfortable with the current fed funds rate range while “a number of participants” saw a moderation in risk and uncertainties surrounding their outlooks for the year. The Key takeaway is that the stock market has a reasonable […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: Managed money’s lack of conviction in the Y 2019 stock rally has become notorious, but managers retained faith in the Leadership. Hedge funds kept equity exposures light in this year’s advance, the relative size of their biggest Long positions remained “extremely elevated,” according to the latest research from […]
$RACE FLASH: Ferrari Portofino is a work of art and is an upgrade on the California Charles Fleming of the LA-T’s SoCal driving impressions are as follows: Being a Ferrari is like being a superstar entertainer or an elite athlete. If you do everything perfectly, no one really notices. But have one bad day and […]
$RACE Italian luxury sports-car maker Ferrari (NYSE: RACE) said that its Q-1 operating income rose 11%, to EUR 232-M on strong demand for its V8-powered Portofino convertible and a jump in China deliveries ahead of new emissions regulations. The Numbers Metric Q-1 2019 Change Vs Q-1 2018 Revenue 940-M euros 13% Vehicles shipped 2,610 23% […]
$DIA, $SPY, $SOX, $QQQ, $RUTX, $VXX FLASH: Stocks advanced for 3rd day running, driving S&P 500 back above its 50-Day MA, a Key technical mark. Nobel Prize-winning economist Robert Shiller warns that the US-China trade war is not over from disrupting financial markets just because stocks rallied after diving earlier in the week. “I think […]
$RACE Maranello (Italy), 13 May 2019 – Ferrari N.V. (NYSE/MTA: RACE) (“Ferrari” or the “Company”) announces that under the common share buyback program announced on 28 December 2018 (the “Initial Program”), the Company has purchased additional common shares – reported in aggregate form, on daily basis – on the Italian Stock Exchange (MTA) as follows: TradingDate(dd/mm/yyyy) […]
$DIA, $SPY, $QQQ, $RUTX, $VXX US stocks sold off Monday, as trade tensions escalated after China retaliated with a tariff rate hike on US imports. The 2.4% drop in the S&P 500 in a broad-based effort to de-risk amid global growth concerns. Stocks sold off as US-China trade tensions escalated, China increased its tariff rate […]
$SPY UPDATE: China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu He said, as President Trump ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China. Mr. Liu voiced a measured optimism on reaching a deal, but said there were […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: This Bull market has more room to Run, retail investors still on the sidelines. As investors bet on strong returns in cyclical sectors, they are also confident that US stocks at large will continue their historic Bull run. That run could be extended, we believe, as investors who remain […]
$RACE 24 April 2019 10:34 ET | Source: Ferrari N.V. Ferrari N.V. (NYSE/MTA: RACE) announces that under the common share buyback program announced on 28 December 2018 (the “Initial Program”), the Company has purchased additional common shares – reported in aggregate form, on daily basis – on the Italian Stock Exchange (MTA) as follows: TradingDate(dd/mm/yyyy) Stock Exchange […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Real GDP increased at an annual rate of 3.2% (consensus 1.9%), according to the advance estimate for Q-1 GDP, a blockbuster number. President Trump is Supercharging the US Economy! President Donald Trump’s re-election hinges on supercharging the US economy, and data showing faster than expected growth provided him a […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: S&P 500 held the 2900 mark at the close President Trump commemorated Earth Day with a message that included nods to “historic economic and job growth,” but made no mention of climate change. “Environmental protection and economic prosperity go hand in hand,” President Trump said in a statement issued […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: The Trump Administration’s tax law is fueling economic growth Monday, White House National Economic Council Director Larry Kudlow that while many people are complaining about having to write bigger checks to meet their annual Tax Day obligation, policies that were put into effect under President Trump mean improved prosperity. […]
$DIA, $SPY, $QQQ, $RUTX Earnings started and Wall Street likes what it sees, the bias is Bullish and the Fed is hobbled by President Trump. Earnings this week include: C, GS, BAC, JNJ, NFLX, IBM, TEAM and many others. So, am looking for a continuing move North on the general positive bias, expectations of a […]
$DIA, $SPY, $QQQ, $RUTX, $JPM, $DIS FLASH: Friday’s advance drove the benchmark index close above the 2900 mark for the 1st time since early October. The S&P 500 gained 0.7% Friday, as a strong earnings report from JPMorgan Chase (JPM) and a buoyant response to Walt Disney’s (DIS) upcoming streaming service helped offset losses from […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: S&P 500 extended is winning streak to 8 days running The odds of a recession hitting the US economy are “all at about Zero,” Council of Economic Advisers Chairman Kevin Hassett said Monday. “You saw it in the jobs numbers, but income growth is really taking off,” Mr. Hassett […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Last Monday was the start of a new Month, a new Quarter, and new Money came in driving the S&P 500 North for 8 days running into Friday on a strong NFPs report, for what looks to be an extension into this week, with the indexes marking and/or approaching […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: S&P 500 advances for 6th session running, closing on the high for the year There is positive sentiment on Wall Street about a trade deal in anticipation of President Trump’s meeting with Chinese Vice Premier Liu He after the close. There was also some speculation that President Trump could […]
$RACE Ferrari N.V. (NYSE/MTA:RACE) announces that under the common share buyback program announced on 28 December 2018 (the “Initial Program”), the Company has purchased additional common shares – reported in aggregate form, on daily basis – on the Italian Stock Exchange (MTA) as follows: TradingDate(dd/mm/yyyy) Stock Exchange Number of common shares purchased Average price per […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: The S&P 500 gaped open after better than expected China’s Manufacturing PMI (actual 50.5; expected 49.5; prior 49.2) and Non-Manufacturing PMI (actual 54.8; expected 54.5; prior 54.3) reinforced the idea that global economic activity is rebounding. The upbeat tone drove a rally in stocks with high-beta groups like the […]
$SPY FLASH: Earnings season just 2 weeks away US stocks ended the final trading day of Q-1 on a strong note Friday and the S&P 500 posted its best quarterly gainer since Y 2009, boosted by optimism over the latest round of trade talks between the US and China. A Chinese delegation led by Vice […]
$DIA FLASH: The DJIA triggered a technical signal Tuesday that many participants believe could mean more gains for stocks, the pattern is known as the ‘golden cross‘. The chart pattern comes about when a short-term moving average moves above a longer-term moving average. Moving averages are popular trend indicators used by technical analysts. In the […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: The latest fund manager survey from Bank of America showed the allocation to equities is at its lowest since September 2016 indicating that managed money missed the 2019 rally and will have to play catch up soon. The S&P 500 advanced 0.7% Tuesday, on Dovish expectations ahead of the […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: President Trump said the US will probably know, 1 way or another, in “the next 3 or 4 weeks” about a possible trade deal with China, as S&P 500 marked a fresh closing high Friday. “If that gets done, it will be something that people will be talking about […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: Major averages recouped most of their losses and close near session highs The Securities and Exchange Commission (SEC) is launching a review of the main set of rules governing stock trading, opening the door to the biggest potential changes in 15 yrs the head of the agency said Friday. […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: US stocks finished flat on high volume We expect that US stocks will continue to move North new highs despite an earnings slowdown, that according to the patterns that are set/setting up now. HeffX-LTN is going contrarian Vs the Bears who are warning investors that the earnings slowdown will […]
$DIA, $SPY, $QQQ, $RUTX, $VXX FLASH: FOMC Mins as expected; Fed will maintain patience in rate hikes and stop reducing assets on its balance sheet later this year. The Takeaway The FOMC Minutes said the central bank is going to be patient in raising rates and is likely to stop reducing the assets on its […]
$SPY, $QQQ, $RUTX, $VXX FLASH: Investor get excited by higher prices for financial assets. If prices of stocks 2X, it is likely that investors will want them more, and the more they go up, the more investors tend to want them, this is known as “fear or missing out,” or FOMO. So, that is why […]
$DIA. $SPY, $QQQ, $RUTX, $VXX Wall Street stocks declined Thursday on concerns that the United States and China would not be able to reach a trade deal, thus increasing concerns about slowing global economic growth. President Trump said he did not plan to meet with Chinese President Xi before the 1 March deadline set by […]
$RACE Investors in Ferrari’s stock (NYSE:RACE) saw new options begin trading on 4 February, for the September 20th expiration. A Key input that goes into the price an option buyer is willing to pay, is the time value, so with 225 days until expiration the newly trading contracts represent a possible opportunity for sellers of […]
$DIA, $SPY, $QQQ, $RUTX, $VXX The S&P 500 gained 0.2%, Dow Jones Industrial Average (+0.7%) and the NAS Comp (+0.1%) experienced uneven post options expiry trading action finishing in the Green. The Russell 2000 (-0.2%) did, too, but it finished in the Red. Most S&P 500 sectors finished higher with consumer staples (+1.2%) and utilities […]
$RACE Former F1 driver Martin Brundle turned F1 media pundit, believes “things were not right” at Ferrari last season, and that the Maranello Outfit got it right with the sacking of Maurizio Arrivabene as team principal. Lead driver Sebastian Vettel and Ferrari fought for the Y 2018 world championship but were defeated by Lewis Hamilton […]
John Hussman, PhD, aka The Perma-Bear: “At its core, investment is about valuation. It’s about purchasing a stream of expected future cash flows at a price that’s low enough to result in desirable total returns, at an acceptable level of risk, as those cash flows are delivered over time. The central tools of investment analysis […]
$RACE Maurizio Arrivabene leaves his post as Team Principal of Ferrari, clearly the biggest job in F1, just after a little over 3 years at The Scuderia. Mattia Binotto, the Technical Director and Ferrari lifer, takes his place. The writing was on the wall It is widely believed that Sergio Marchionne had decided early last […]
$DJIA, $SPY, $QQQ, $RUTX, $XRT, $AMZN, $VXX The S&P 500 rallied 5.0% Wednesday from extremely oversold conditions Rebounding Crude Oil prices, strong holiday sales, and some short covering drover the S&P 500 to its best 1-day gainer since March 2009. The Dow Jones Industrial Average gained 5.0%, the NAS Comp gained 5.8%, and the Russell 2000 […]
$SPY The last short-term Northward phase was favored to see a rally back to the 70-Day MA or higher on the SPX, though that move was anticipated to end up as a counter-trend affair: In the chart above, see that the SPX came close to hitting the 70-Day MA into the 2800.15 swing top, with […]
Bitcoin (BTC) Seeing its Worst Session in 10 $BTCUSD, $CME, $CBOE Altcoins are showing signs of life, says 1 technical analyst *Did you know that mining Bitcoins is 3X more expensive than mining Gold? Major digital currency prices traded lower Thursday in New York, giving up the majority of Wednesday’s advance. Bitcoin, BTCUSD, -0.22% the most famous an […]
Expect Strong Earnings, Forward Expectations to Drive Markets to Record Highs $DIA, $SPY, $QQQ, $RUTX Wall Street’s longest Bull market rally is alive and well after last weeks healthy pull back and will continue to run North into the record territory. Last week’s pull back action is not indicative of any fundamental changes in the […]
US Treasury Yields Seen Climbing Higher US T-Bond yield has broken above a multiyear base, which should lead to significantly higher yields for financial markets. “As I have been saying, two consecutive closes above 3.25% on the benchmark 30-year T-B means that my statement in July 2016 that we were seeing the low – I said […]
On the Resolution of China and NAFTA Trade Talks US Stock See Next Leg North $DIA, $SPY, $QQQ, $RUTX, $VXX Thursday, Wharton School finance professor Jeremy Siegel advised savvy investors that the current Bull market could extend as much as 10% higher if the US were to settle its trade dust-up with China and reach a […]
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. […]
Bitcoin (BTCUSD)Building on Rally Heads to $8,000 $BTCUSD The digital currency rose 5% to around $7,700 Monday after breaking above the Psych mark $7,000 level for the 1st time in a month last Tuesday. Bitcoin pundits say news that BlackRock will look into cryptocurrencies and blockchain has helped prices, and investors are awaiting approval of […]
Bitcoin’s Month Long Rally Has Technical Analysts Turning Bullish $BTCUSD In June MTD Bitcoin has rallied and broken the Psych and technical marks monitored by traders. Currently Bitcoin is 50% off its all-time highs from December 2017, the overall sentiment may have reversed with series of higher highs and higher lows are now in place […]
Trading: Master Your Emotions or They Will Master You These day in financial markets dominated by huge data, sophisticated analytical programs and quantitative strategies, concerns about the psychological aspect of trading may seem very strange. But, in reality a clear understanding of trading psychology very important. As it is when people forget to question motivations […]
Bitcoin is Bouncing Around Searching for a Bottom $BTCUSD, $CBOE, $CME, $GOOG After a challenging Q-1, cryptocurrency investors are hopeful that the Death Cross sell signal has not crashed their market. Recall, that Sunday, Bitcoin fell below $7,000, which saw the 50-Day MA cross below the 200-Day MA, forming a Death Cross that some technical […]
Understanding Crypto Currencies: The ECR20 Standard $BTCUSD, $ETHUSD Without technical knowledge of the blockchain and smart contracts realms, the world of crypto currency is daunting for many investors. But, the prospect of massive profits in the sector has attracted many types of investors, including those who otherwise might be cautious about investing in an asset, that they […]
Bitcoin Technical’s: MA ‘Death Cross’ Looms $BTCUSD The Death Cross pattern does not augur well for Bitcoin. Traders who look for future price direction in technical patterns are seeing indicators that suggest the leading digital currency may have further to fall. Currently, Bitcoin is trading at: 8,196.721680, +384.221680, +4.918033%, as of 5:37a GMT, the market is open. Bitcoin’s 50-Day […]
US Market Looking for Technical Confirmation $DIA, $SPY, $QQQ, $VXX Tuesday, the DJIA and S&P 500 fell ending a 6-session winning streak Markets have been choppy in recent weeks, correcting 10% from their 26 January high only to rebound last week with their best weekly gains in 5 years. Tuesday’s declines pushed the S&P 500 […]
Insight into the Stock Markets’ ‘Quick’ Correction $DIA, $SPY, $QQQ, $VXX As US stock markets conclude 1 of the worst weeks point-wise in history, below is a list of the Key things to know about the quick 9 day corrective action, as follows: It was driven by technicals, not fundamentals. The ongoing market correction does […]
The US and World Stock Markets are Functioning Normally $DIA, $SPY, $QQQ The technical selloffs in US and World stock markets, is not related to market fundamentals. World stock markets fell for a 4th day running on investor concerns about the prospect of higher interest rates and stretched equity valuations. US stocks marked about a […]
Key Stock Market Indicators are Still Bullish $DIA, $SPY, $QQQ, $VXX The last 3 weeks this Bull market has be consolidating and base building for the next leg North extending The Trump Rally. Last week at appeared that The Bull turned got a bit anxious as Irma threatened Florida after Harvey swamped the Texas Gulf […]
F1: Ferrari (NYSE:RACE) “Tips” Big Changes are Coming $RACE F1’s focus is on the arrival of the all-new 2017 cars; they will be wider, more aggressive looking and faster than their predecessors. But, the rumor is that even bigger changes could be coming from Ferrari. Ferrari could ditch its White livery band…the technical staff at […]
Some Mistakes New Traders Make With Technical Analysis “The best technical indicator the trained Eye.” Many traders rely so much on technical indicators that they forget that all if the indicators are derived from price, so when you are using indicators you are adding an extra layer of analysis between you and the price. Each […]
Buying Stocks in a Downtrend is Not a Good Investment Strategy $DIA, $SPY, $QQQ, $VXX Buying stocks as they decline to longer-term trends is not a reliable way to reap gainers when the market is too expensive. In other words, “buying the dip” may not work after a 9-day selloff ended Friday for the longest […]
Monday’s Bounce Must Hold for US Market to Continue North $DIA, $SPY, $QQQ, $VXX Last week ended on a low note as the major US stock market indexes all declined more than 2.0% and 3.1% in the case of the Russell 2000 in a selloff. The CBOE Volatility (VIX) Index, meanwhile, spiked 40% in a […]
Tesla Motors (NASDAQ:TSLA) Facing Severe Cash Crunch $TSLA, $SCTY Facing a severe cash crunch, Tesla Motors (NASDAQ:TSDLA) plans to raise money this year to help fund development and production of its new Model 3 sedan and build out a massive battery factory. The EV maker plans to raise money through an equity or debt offering, […]
UAE Evaluates New Rain Enhancement Proposals The country drew international attention earlier this year after funding a study to boost rainfall with a man-made mountain The UAE has warned the cutoff deadline for proposals for the 2nd cycle of its rain enhancement program is fast approaching. The program, which began in Y 2015, is designed […]
Dow Jones Industrial Average (INDEXDJX:.DJI) HEFFX Technicals Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 19,011.91. The projected lower bound is: 18,170.54. The projected closing price is: 18,591.23. DJ INDU AVERAGE closed down -37.049 at 18,576.471. Volume was 35% below average […]
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 […]
Wednesday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Wall Street gained for a 2nd day running Tuesday, with the attention focused in the upcoming UK vote over its EU membership. Gains were moderated after Monday’s sharp advances, and the DJIA rose 24 pts, or 0.14%, to finish at 17,829.73. The S&P 500 rose 5 pts, […]
Tuesday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Wall Street indexes closed up Monday but finished off their daily highs, falling sharply ahead of the close Monday, as uncertainty levels among investors is running high. The DJIA finished the day at 17,804.87, up by 129 pts, the NAS Comp added 0.77% to end at 4,837.21, […]
Friday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Wall Street snapped a 5 day losing streak, with US stocks edging higher after a falling sharply to new June lows at the open of the session. The DJIA advanced 92 pts to end at 17,733.10 The Nasdaq added 10 pts, to close at 4,844.92 The S&P […]
Thursday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Wall Street fell for a 5th day running, as investors sold stocks for safe havens assets due to a negative mood triggered by increasing Brexit fears persisted all through this Wednesday, though few believe that the vote will be Yes to exit the EU. US stocks turned negative […]
Wednesday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Wall Street fell for a 4rd day running, as investors continue to run from equities and rushed into safe havens asset due to a negative mood triggered by increasing Brexit fears persisted all through this Tuesday. Wall Street edged lower, although US indexes trimmed half of their daily […]
Tuesday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Wall Street fell for a 3rd day running, as investors continue to run from equities and rushed into safe havens assets. DJIA -132.86 at 17732.48, NAS Comp -46.11 at 4848.44, S&P 500 -17.01 at 2079.06 US stocks bowed to the risk averse environment generated by renewed fears about Brexit, falling […]
Tuesday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI The US major stock market indexes finished the day mixed and close to their opening marks of the session. The DJIA + 0.10% at 17,938.28, the S&P 500 2 pts higher, at 2,112.13, and the NAS com lost roughly 7 pts, to close at 4,961.75. The energy […]
Monday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Wall Street finished lower Friday, with the DJIA down by 31 pts, to finished at 17,807.06, the NAS Comp lost 28 pts to close at 4.942.52, and the S&P lost 6 pts, to 2,099.13. Financial related stocks led the decline, as a much weaker-than-expected US NFP’s report […]
Friday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Wall Street edged higher Thursday, the DJIA up 48 pts or 0.27% to finish at 17,838.56, the NAS Comp advanced 19 pts, to close at 4,971.36, and the S&P added 5 pts to 2,105.26. US major stock market indexes trimmed early losses as Crude Oil prices rebounded […]
Thursday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Wednesday, US stocks rallied on the back of Crude Oil’s strength, with the DJIA adding 145 pts to close at 17,851.51. The NAS Comp advanced 33 pts to end at 4,894.89, and the S&P added 0.70% to 2,090.54. Risk appetite on dominated markets from the start of […]
Wednesday’s Technical Outlook for DJIA (.DJI) $DIA, $DJI Tuesday, Wall Street is so far ignoring the recent Fed rate hike concerns and moved sharply higher, with the DJIA +213 pts or 1.22% to finish the day at 17,706.07. The NAS Comp advanced 95 pts and closed at 4,861.06, and the S&P 500 rose 1.37% to […]
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 […]
Technical Outlook for Bullion and WTI Crude Oil $GLD, $USO Gold Bullion Spot Gold traded at the lower end of its weekly range Friday, closing the day down at 1,252.48 oz. The precious Yellow metal entered a selling spiral last Wednesday, on heightened speculation that the US Fed will pull the trigger on a rate hike […]
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 […]
Wednesday’s Technical Outlook for DJIA (.DJI) $DIA, $.DJI The Wall Street rollercoaster was full on Tuesday, as all 3 US major stock market indexes reversed Monday’s gains. The DJIA fell 180 pts to close at 17,529.90, the NAS Comp fell 1.25%, to 4,715.72 and the S&P 500 shed 0.94% to finish at 2,047.21. Wall Street was […]
Tuesday’s Technical Outlook for DJIA (.DJI) $DIA, $.DJI Wall Street rallied strongly Monday but finished off its highs, with the DJIA + 175 pts to finished at 17,710.71, led by a 3% gainer in Crude Oil, underpinning the energy related sector. The NAS Comp advanced 1.22% to finish at 5,775.56, and the S&P 500 gained […]
Netflix (NASDAQ:NFLX) Off 23% YTD, Traders Saying More to Go $NFLX Netflix is off 23% YTD, and traders are betting it is about to dive deeper. Options volume last week grew increasingly Bearish, indicating the negative sentiment on Wall Street. I am seeing a negative technical setup. Next support is 80.57 and none under that […]
Monday’s Technical Outlook for the DJIA (.DIA) $DIA, $.DJI Friday, All 3 of the US major stock market indexes closed in the Red, with the DJIA off 185 pts to 17,535.32, its lowest close since early April, hit by poor earnings reports from retailers. The broader S&P 500 index was down 17 pts, or 0.85%, […]
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 […]
Friday’s Technical Outlook for the DJIA (.DIA) $DIA, $.DJI Thursday, Wall Street finnished mixed, with the 3 US major stock market index flat around their daily opens. The DJIA added 9 pts to end at 17,720.50, the S&P 500 off 0.02% at 2,064.11, and the NAS Comp lost 23 pts, to 4.737.33. Crude Oil prices […]
Friday’s Technical Outlook for the DJIA (.DIA) $DIA, $.DJI US stocks failed to sustain intra-day gains and closed flat to little changed Thursday, as the rally in Crude Oil and energy related issues lost momentum during afternoon trade. DJIA rose 9 pts, or 0.05%, to close at 17,661, the S&P 500 Index lost 0.5 pt, […]
Thursday’s Technical Outlook for the DJIA (.DIA) $DIA, $.DJI US stocks closed in the Red, with the DJIA off 99 pts to end at 17,651.26. The NAS Comp extended its decline by 37 pts to finished at 4,752.64, the S&P 500 fell 12 pts to 2,051.12. Mixed data in the US suggested the economy is […]
Tuesday’s Technical Outlook for the DJIA (.DIA) $DIA, $.DJI US stocks closed higher Monday led by tech stocks that bounced after last week’s losses. But Apple’s stocks ended 0.1% lower, posting the 8th straight loss in a row, the longest losing streak since July 1998 finishing at: The DJIA rose 117 pts, or 0.66%, to […]