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Click here to register for the webinar. S&P 500 overview: Wary in late August Resistance at 2850: What cannot go up may go down. Not many bullish catalysts before Labor Day Retest of 2800 may be needed. Outside day on S&P 500 today. Double-doji including...
Stocks opened lower today because of geopolitical concerns that pushed the Turkish lira to a record low against the dollar. An already bad week for Turkey’s currency got a whole lot worse this morning when the lira plunged as much as 13.5 % to reach a new all-time low...
Yesterday, Walt Disney earned an adjusted $1.42 per share for its latest quarter, missing Street forecasts by eight cents, with revenue also falling short of estimates. Disney saw subscriber losses at its sports cable network ESPN and spent more on programming and...
Consumer stocks on the rise, just in time for a series of important news events. Of all the major sector-tracking SPDR ETFs, consumer discretionary (XLY) is closest to its 52-week high. (See RadarScreen® below.) That shows bullish sentiment toward the group and may...
Trade Notes: The U.S. imposed new sanctions on Iran at midnight after President Trump signed an executive order which will stop the purchase of dollar banknotes, while also targeting the country’s auto industry and banning the import of Persian rugs and pistachio nuts...
Click here to register for the webinar. S&P 500 overview: Fills January gap, holds key 2800 level August 2 outside day was key session for chart watchers Quiet calendar favors drift higher, but is a breakout possible in late August? Bonds and the Fed: Treasury...
President Trump's trade spat with China has gained a lot of attention this week, but don't forget U.S. sanctions on Iran take effect on Monday, August 6. The measures will obviously have an impact on energy. The only trouble is no one really seems to know what it will...
Key Notes: Strong payroll growth combined with unexpected pressure in wages (average hourly earnings) could raise expectations for higher interest rates to come. This morning’s announcement of an 157,000 rise in nonfarm payrolls for July is at the low end of what...
The big question today is, because of the strength of the economy and the question of the Fed's independence, will there be any a decision for an immediate rate hike? Today’s direction indicators favor neither bulls nor bears. The Trump administration is considering...
Unexpected pressure in Tuesday's key inflation readings -- the core Personal Consumption Expenditure price index and the Employment Cost index – may have pressured for hawkish FOMC results on Wednesday. However, easing inflation pressure along with healthy consumer...