Markets

Nov 24, 2014 at 05:52

In our opinion, speculative short positions are favored (with stop-loss at 2,085 and profit target at 1,950, SP500 index).

Nov 24, 2014 at 05:50

Friday's trade saw a potential reversal as prices gapped up and closed lower. So while they did break out to new highs, they also flashed a potential reversal pattern.

Nov 24, 2014 at 05:08

EUR/USD collapsed on Friday. However, prices have thus far successfully tested the support at 1.2358. Hourly resistances can be found at 1.2460 (intraday high) and 1.2504 (20/11/2014 low).

Nov 23, 2014 at 18:05

In part two of this Weekend Report I want to take an in depth look at the US dollar as many of the important currencies of the world all seem…

Nov 23, 2014 at 17:38

It will not shock readers to hear that quite often legislation on Capitol Hill is not as advertised. When Congress wants to do something particularly objectionable, they tend give it…

Nov 23, 2014 at 17:36

These are not the actions of economies in sustainable recovery but of countries falling into an abyss. Such open-ended offerings to the market gods are explicitly designed to get the…

Nov 23, 2014 at 17:34

Even under severely adverse technical conditions, SPX continues to make new highs. This is a situation which cannot continue much longer but the exact timing of the reversal is for…

Nov 23, 2014 at 15:27

All 10 sectors in the SP500 index rose last week with materials stocks' climbing the most, that sector is up 9 percent this year. Energy stocks were among the big…

Nov 23, 2014 at 15:25

When you want to see the real reason why the U.S. dollar seems weak or strong, check out the underlying components of its index. Want to know where the smart…

Nov 22, 2014 at 08:38

New highs for the blue chips with only modest support from the breadth indicators is a recipe for a developing top. Seasonality is positive for the next 2 weeks so…