Chart of the Day: NASDAQ Powers to New Highs
While the 20,000 mark remained elusive in the Dow Jones Industrial Average, the Nasdaq Composite Index rallied to fresh all-time highs yesterday.
Chart of the Day: Nat Gas Surges Ahead of EIA Report
Natural gas surged nearly 10% yesterday thanks to speculation that colder temperatures across the country will boost heating demand and in turn, draw down elevated inventories.
Stock Market Update: 12/21/16
Stocks rallied modestly Tuesday, as a mild resumption of the Trump trade carried the major averages close to all-time highs. The S&P 500 rose 0.36%. Stocks were higher from the outset Tuesday as the BOJ was, on balance, slightly dovish and data from Europe was good (German PPI was hot as was British Distributive Trades). […]
Can Trump Fire Yellen?
Can Trump Fire Janet Yellen? I was asked that question at a Christmas Party on Saturday night by a local real estate agent. He’s not an active investor (he has an FA) but he does follow the markets, and he was nervous that Trump may fire Yellen because Trump said he thinks interest rates are […]
Chart of the Day: More “Inside Prints”
The S&P 500 printed its third “inside day” in a row yesterday which suggests a very indecisive market. Generally speaking, the trend preceding any consolidation patter such as inside days, is more likely to continue than reverse out of the pattern.
Chart of the Day: Dow Weakness Ahead?
The Dow Industrials showed signs of technical weakness in the form of a bearish “outside reversal” on Wednesday that could be forecasting a profit taking pullback in the index. A violation of 19,748 would be near-term bearish from a charting standpoint.
Why the Gaetz Withdrawal Sparked Yesterday’s Rally
/in Investing, Reports/by Tom EssayeWhat’s in Today’s Report: Why the Gaetz Withdrawal Sparked Yesterday’s Rally