Markets finished the week with an accumulation day on Friday, with bulls coming in at 20-day MAs for the S&P and Nasdaq. The Russell 2000 also dug in, although buyers worked with no clear support level, but Friday’s finish may
March 12, 2017
The number of public companies listed on U.S. exchanges peaked in 1996. Due to mergers on the one hand and de-listings on the other, factors far offsetting new initial public offerings, this number has fallen drastically since then, to
There’s quite clearly a diversity of opinion here on Slope, as SB’s post pointing to bullish times ahead is somewhat different than my all-hell-is-about-to-break-loose view. Time will tell. On the latter, I offer these ETF charts…DIA First is the Dow 30 DIA which, if
It wasn’t a bad Friday but not the strong close to the week I was looking for. Miners are telling me metals will bounce in the week to come along with lots of other stocks after a week of rest and
And higher stock prices will boost consumer wealth and help increase confidence, which can also spur spending. Increased spending will lead to higher incomes and profits that, in a virtuous circle, will further support economic expansion. –Ben Bernanke, Washington Post Op-Ed,
AUD/USD posted slight losses for a second straight week, as the pair closed at 0.7539. This week’s key event is Employment Change. Here is an outlook on the major market-movers and an updated technical analysis for AUD/USD. In the US, a sparkling jobs report has virtually ensured a rate hike
Eight years after the beginning of “Bull & Fed’s Excellent Adventure”, BofA’s Michael Hartnett is starting to have his doubts. The bull market catalyst – extraordinary, unprecedented central bank policies – is fading globally and the so-called “Humpty-Dumpty’ Trade looms: The Fed has hiked
ExxonMobil Corp’s (XOM) chief, Darren Woods announced on Monday (March 6, 2017) that the company will invest $20 billion to expand its manufacturing capacity and create 45000 jobs in the U.S. The new head of the state, President Trump expressed
Stock consolidation patterns give investors potential to take up new positions in trend following or even add on a successful position. When adding or pyramiding, one should not get to top heavy. When I add to my stock positions, I
