Biotechs Stalled Despite Healthcare Rally Merck Gains on New Keytruda Data-More Clinical Trials Underway to Expand Uses Healthcare and Nasdaq stocks caught bids on Monday with the XLV up 0.79%, but biotechs were in the red (IBB) down 0.68 %. Drug distributors and
April 17, 2018
I think we have a new short-term uptrend. New 52-week highs have perked up to the point where a market uptrend can find its footing. Bullish. The major indexes have started to tick higher while above their 50-day moving averages.
With US markets having another good day it is curious to see the yield curve continue to flatten. Chris Temple joins me to outline the fact that these markets are very confusing with many unknowns now is not the time
Following a chemical attack in Douma near the Syrian capital Damascus that claimed around 60 lives, Trump conducted military strikes in Syria, with support from France’s president Emmanuel Macron and Britain’s prime minister Theresa May. After the attack, Russia warned
You’ve probably heard of the “BRIC Economies” – the kings of the new paradigm in emerging markets, and no doubt are sick of hearing about the “PIIGS Economies” – the Eurozone crisis culprits, but have you heard of the “SCANNZ
Stocks Rally On Monday Investors were dismayed on Friday because 3 of the top banks beat earnings estimates, but stocks still fell. Then the Syrian airstrikes were announced which made some, such as myself, think stocks would fall again on Monday. However, stocks were
One glimpse at the pumps and dumps in Small Caps over the last few weeks and it is clear that volatility is back. But as former fund manager Richard Breslow notes, for all the much anticipated fun of having volatility back,
The U.S. economy is entering its 4th economic slowdown of this expansion, which has been relatively weak. To be clear, the economy isn’t close to having two quarters of negative real GDP growth which is the baseline definition of a recession. Four
The first-quarter earnings season has just kicked off. Per the latest Earnings Preview, the bottom line of S&P 500 companies is expected to increase at a highly impressive rate of 16.6% on a year-over-year basis. This prospective upside marks the maximum
Conventional trading “wisdom” states that a rally that occurs on falling volume is bearish. Conventional “wisdom” states that sustainable rallies should occur on rising volume. This simply isn’t true. As we said in Don’t use volume for trading, Rising/falling volume isn’t
