Existing Home Sales dropped 4.8% vs prior gain of 1.8%. This is disappointing and had been one of the better data point’s bulls and the Fed pointed to justify the economic growth as “solid”. Some of the highlights from trading
September 21, 2015
Podcast: Play in new window | Play in new window (Duration: 13:16 — 6.1MB) DOW + 125 = 16,510 SPX + 8 = 1966 NAS + 1 = 4828 10 YR YLD + .08 = 2.21% OIL – .26 =
This morning I deleted American Lorain (NYSEMKT:ALN), Earthlink (NASDAQ:ELNK) and Axcelis Technologies (NASDAQ:ACLS) from the Barchart Van Meerten Speculative portfolio for negative price momentum. American Lorain Barchart technical indicators: 80% Barchart technical sell signals Trend Spotter sell signal Below its
In Asia the Hang Seng could not climb out of the red all day and eventually closed down -0.75%. As always, the Shanghai had a volatile session initially opening higher but spent the rest of the day making headway to close
The U.S.-China relationship will be in focus as China’s president Xi Jinping comes to the United States for his first state visit this week. The relationship has shown some worrisome signs in recent years – with tensions over the South China Sea,
With the global economy sliding into recession, the one strawman repeatedly used by straight-to-CNBC pundits to justify some mythical case for US decoupling has been that US corporate profits are “fine.” Here is the truth. As the following table from
It was a mixed day for markets. Bulls will take heart there wasn’t an immediate follow through lower as Friday’s selling had looked to suggest. Bears will still consider it a favourable market, but will need a more decisive sell
The stock market didn’t exactly react well to the Fed’s non-decision to keep the targeted Fed funds rate unchanged last week. The S&P 500 and Dow Industrials both spent most of Thursday and Friday in freefall, and as I’m writing
Today I deleted HCA Holdings (NYSE:HCA) and SEI Investments (NASDAQ:SEIC) from the Barchart Van Meerten New High Portfolio because I felt the downside risk was greater than the upside potential. As you can see from the chart below neither has
After years of waiting, I truly believe the wind is at the back of the bears now. Although I do not tend to use indicators, I glanced at some critical equity indexes to see what they were doing with respect
