Stocks may have logged a small loss last week, but it could have been worse. Much worse, in fact. For a couple of hours on Thursday the key indices were below some pivotal support lines. They ended up reversing their intraday losses, setting up a nice gain on Friday that pushed us back to what was almost a breakeven for...
The headlines seem almost too good to be true. As of April, the United States' unemployment rate reached a multi-year low of 3.9%. There's got to be a catch or an anomaly, right? Nope. As crazy as the number sounds, it's legit. That's not to say there aren't some curiosities worth noting and watching going forward though. But, in step...
The headlines seem almost too good to be true. As of April, the United States' unemployment rate reached a multi-year low of 3.9%. There's got to be a catch or an anomaly, right? Nope. As crazy as the number sounds, it's legit. That's not to say there aren't some curiosities worth noting and watching going forward though. But, in step...
By Keris Lahiff, CNBC Gold prices bounced back Thursday after hitting their lowest levels of the year earlier this week. Get set for another decline, according to one technician. The grim setup for gold is shown in the charts, Todd Gordon, founder of TradingAnalysis.com, told CNBC's "Trading Nation" on Wednesday. "From 2010 we've traced a beautiful five-wave decline down in...
By Keris Lahiff, CNBC Gold prices bounced back Thursday after hitting their lowest levels of the year earlier this week. Get set for another decline, according to one technician. The grim setup for gold is shown in the charts, Todd Gordon, founder of TradingAnalysis.com, told CNBC's "Trading Nation" on Wednesday. "From 2010 we've traced a beautiful five-wave decline down in...
By Keris Lahiff, CNBC The U.S. dollar just hit its highest levels since late December, a move that's planted it in overbought territory, according to one chart watcher. "On a very short-term basis it's getting a little ahead of itself," Matt Maley, equity strategist at Miller Tabak, told CNBC's "Trading Nation" on Tuesday. He noted that the dollar's relative strength...
By Keris Lahiff, CNBC The U.S. dollar just hit its highest levels since late December, a move that's planted it in overbought territory, according to one chart watcher. "On a very short-term basis it's getting a little ahead of itself," Matt Maley, equity strategist at Miller Tabak, told CNBC's "Trading Nation" on Tuesday. He noted that the dollar's relative strength...
Feeling like the market's stuck in rut, with the S&P 500 exactly where it was in mid-December, and having not been too far or above Wednesday's closing price of 2636 in the meantime? It would certainly be easy to fall asleep in this kind of environment, with stocks increasingly content to simply spin their wheels. As they say though, expect...
Feeling like the market's stuck in rut, with the S&P 500 exactly where it was in mid-December, and having not been too far or above Wednesday's closing price of 2636 in the meantime? It would certainly be easy to fall asleep in this kind of environment, with stocks increasingly content to simply spin their wheels. As they say though, expect...
By Keris Lahiff, CNBC As Wall Street braces for Apple earnings after the bell Tuesday, some already foresee downside risk for its stock. The problem, says one technician, is that the charts are telegraphing mixed signals. "Anytime I have mixed readings we'd rather side cautiously," Ari Wald, head of technical analysis at Oppenheimer, told CNBC's "Trading Nation" on Monday. "We...
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