Our team of researchers, at www.TheTechnicalTraders.com, believe the recent upward price move in Gold has reached a level where prices will pause and retrace a bit before the next big leg higher begins. The recent downward pricing pressures in the US and global stock markets have prompted Gold to move well above recent highs near $1242. We predicted this move...
By Keris Lahiff, CNBC Tesla shares have roared higher as the rest of the market has spiraled down. The automaker is up 37 percent in the past three months, the top performer in the Nasdaq 100, which has plunged 8 percent. Craig Johnson, chief market technician at Piper Jaffray, says the outperformance is burning the Tesla short sellers. "The shorts...
By Keris Lahiff, CNBC Tesla shares have roared higher as the rest of the market has spiraled down. The automaker is up 37 percent in the past three months, the top performer in the Nasdaq 100, which has plunged 8 percent. Craig Johnson, chief market technician at Piper Jaffray, says the outperformance is burning the Tesla short sellers. "The shorts...
– Failure to defend 2,616 could lead to 'kerplunk-ing': analyst – By William Watts, MarketWatch Stocks fought back from steep early losses Monday, after breaking below a crucial support area that could set equities up for a new round of lows if it doesn't continue to hold, one chart watcher warned. Stocks extended early weakness Monday, sending the S&P 500...
– Failure to defend 2,616 could lead to 'kerplunk-ing': analyst – By William Watts, MarketWatch Stocks fought back from steep early losses Monday, after breaking below a crucial support area that could set equities up for a new round of lows if it doesn't continue to hold, one chart watcher warned. Stocks extended early weakness Monday, sending the S&P 500...
Disaster is nigh. At least, that's what the headlines would lead you to believe after the S&P 500 made a so-called "death cross" on Friday. Even the name sound foreboding. Never even mind what it means. What it means, by the way, is a particular chart's 50-day moving average line has crossed below its 200-day moving average line, hinting that...
Disaster is nigh. At least, that's what the headlines would lead you to believe after the S&P 500 made a so-called "death cross" on Friday. Even the name sound foreboding. Never even mind what it means. What it means, by the way, is a particular chart's 50-day moving average line has crossed below its 200-day moving average line, hinting that...
In case you were wondering, last week was the worst week for stocks since March. It's also worth noting that the drubbing in question from March also sparked a rather significant rally. Will this time turn out any different? It's tough to say, though given that we're neither fundamentally nor economically any worse off now than we were then, we...
In case you were wondering, last week was the worst week for stocks since March. It's also worth noting that the drubbing in question from March also sparked a rather significant rally. Will this time turn out any different? It's tough to say, though given that we're neither fundamentally nor economically any worse off now than we were then, we...
All in all, the November jobs report was better than it seemed to be on the surface. While job creation came up short of expectations, that may be more a function on not enough qualified candidates rather than not enough jobs. And, wage growth was firmer than implied when looking at the data from the less-touted (but arguably more meaningful)...
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