Dow Theory has been bearish since July of 2015 however, the Transports are threatening to confirm a bullish signal in the DJIA from earlier in the year which would shift the historically accurate indicator back in favor of the bulls.
The dollar index broke out to levels not seen since early March yesterday as investors continue to price in a December rate hike.
The global benchmark, Brent crude oil futures rallied to a one year high yesterday on the back of bullish comments from Russian President Vladimir Putin as the speculative, “production-cap rally” continues.
Gold plunged to a 3 month low yesterday amid a hawkish shift in Fed policy expectations this week. Despite the near term breakdown however, the long term trend is still bullish.
The pound fell to a 3-month low yesterday thanks to news that British PM May set a March deadline for formally beginning the Brexit Process.
WSJ best-selling author Simon Constable puts a little British spin on the US economy where to invest now. He’s fun, brutally honest and wicked smart.
Crude oil rallied as much as 6% yesterday, materially breaking through a 6 week old downtrend line after OPEC officials “came to an understanding” about enacting a production ceiling at their meeting in November.
People on Wall Street have a great sense of humor. I remember thinking that years ago when I started my career at Merrill Lynch, and despite the fact that we’ve witnessed a lot of changes in this business over the years (most of them not good, in my opinion) I’m happy to say there are […]
In the wake of this week’s central bank decisions, a relief rally has carried the S&P 500 right back to the middle of its late-summer trading range between 2160 and 2190.
After breaking out from a multi-year downtrend earlier this year, natural gas futures are beginning to show signs of life. And while the long-term outlook is dependent on weather, near-term momentum could quickly carry futures up towards our initial target of $3.50.