The 10% rebound since Christmas, if most traders are being honest with themselves, came as a bit of a surprise. Indeed, even more surprising is that despite a nasty tumble on Thursday, February 3rd, didn’t kill the budding rebound effort. The buyers came back more convinced than ever the very next day to carry stocks to even higher highs. Now,...
– WTI's 50-day moving average stands at $53.50 a barrel – By Mark DeCambre, MarketWatch After enduring a withering downturn, crude-oil prices flirted with a closely watched line in the sand that, if breached, could signal further gains ahead. West Texas Intermediate crude for February delivery was up $2.39, or 5.2%, to settle at $52.36 a barrel, putting the U.S....
– WTI's 50-day moving average stands at $53.50 a barrel – By Mark DeCambre, MarketWatch After enduring a withering downturn, crude-oil prices flirted with a closely watched line in the sand that, if breached, could signal further gains ahead. West Texas Intermediate crude for February delivery was up $2.39, or 5.2%, to settle at $52.36 a barrel, putting the U.S....
By Stephanie Landsman, CNBC Federated Investors' top market watcher is calling long-time bears "shameless." According to Phil Orlando, they're guilty of putting extreme negativity ahead of strong economic fundamentals. "Toxic sentiment is what drove the market down so sharply during the month of December," the firm's chief equity strategist said Tuesday on CNBC's "Futures Now. " "Last Friday was a...
By Stephanie Landsman, CNBC Federated Investors' top market watcher is calling long-time bears "shameless." According to Phil Orlando, they're guilty of putting extreme negativity ahead of strong economic fundamentals. "Toxic sentiment is what drove the market down so sharply during the month of December," the firm's chief equity strategist said Tuesday on CNBC's "Futures Now. " "Last Friday was a...
Early trading on January 4, 2019, saw Gold reach just above $1300 per ounce – confirming our price target from our research and posts on November 24, 2018. The importance of this move cannot be under-estimated. Traders and investors need to understand the recent rally in the metals markets are attempting to alert us that FEAR is starting to re-enter...
Early trading on January 4, 2019, saw Gold reach just above $1300 per ounce – confirming our price target from our research and posts on November 24, 2018. The importance of this move cannot be under-estimated. Traders and investors need to understand the recent rally in the metals markets are attempting to alert us that FEAR is starting to re-enter...
When the year-end rally fizzled out early this year, and then completely shattered on Thursday, investors were understandably concerned. When push came to shove as the week came to a close though, it was the bulls doing all the shoving. Ignoring the risks, the buyers drove the S&P 500 up by a whopping 3.4% on Friday, leaving the index at...
When the year-end rally fizzled out early this year, and then completely shattered on Thursday, investors were understandably concerned. When push came to shove as the week came to a close though, it was the bulls doing all the shoving. Ignoring the risks, the buyers drove the S&P 500 up by a whopping 3.4% on Friday, leaving the index at...
By Keris Lahiff, CNBC Crude oil could be on the verge of a big comeback. Since surging to four-year highs in October, the commodity has plummeted 39 percent down to levels not seen since mid-2017. The last time it saw these lows, it had a massive rally, says Matt Maley, equity strategist at Miller Tabak. “It got down to the...
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