As far as breakouts go, it wasn't exactly ideal. The market doesn't like to leave gaps in the rear view mirror, and the one left behind with Wednesday's leap is difficult to ignore. Nevertheless, gold has punched through a major ceiling, and did so without the help of a plunging dollar. Though it will be difficult for gold futures to...
By Keris Lahiff, CNBC After years in the discount bin, investors are beginning to treat the retail space like a must-buy again. One technician says the charts show more upside potential ahead. "Retail hasn't looked this good in years," Ari Wald, head of technical analysis at Oppenheimer, said on CNBC's "Trading Nation" on Monday. "It's looked poorly in recent years...
By Keris Lahiff, CNBC After years in the discount bin, investors are beginning to treat the retail space like a must-buy again. One technician says the charts show more upside potential ahead. "Retail hasn't looked this good in years," Ari Wald, head of technical analysis at Oppenheimer, said on CNBC's "Trading Nation" on Monday. "It's looked poorly in recent years...
Is it really time for earnings season again? Didn't we just get off that train? Yes, and yes. Alcoa (AA) – the unofficial arbiter of earnings season – will post its first quarter numbers on Wednesday of next week, though a couple of major names will be spilling the beans before this week comes to a close. Wells Fargo (WFC)...
Is it really time for earnings season again? Didn't we just get off that train? Yes, and yes. Alcoa (AA) – the unofficial arbiter of earnings season – will post its first quarter numbers on Wednesday of next week, though a couple of major names will be spilling the beans before this week comes to a close. Wells Fargo (WFC)...
By Matt Maley, CNBC Everyone is looking at the S&P 500's 200-day moving average. There's another key support level that could provide a clearer signal of market distress. If the market does decline further, the most important support level will be 2,581 on the S&P 500. That was the closing low on Feb. 8 and April 2. Any meaningful close...
By Matt Maley, CNBC Everyone is looking at the S&P 500's 200-day moving average. There's another key support level that could provide a clearer signal of market distress. If the market does decline further, the most important support level will be 2,581 on the S&P 500. That was the closing low on Feb. 8 and April 2. Any meaningful close...
Didn't we just leave this party? Having toyed with what could have turned into an ugly meltdown just a week ago, for a short while it looked like the bulls may get to work again and rekindle the bigger rally. Traders aren't quite ready for that to happen though, hitting the "sell" button hard and often on Friday as the...
Didn't we just leave this party? Having toyed with what could have turned into an ugly meltdown just a week ago, for a short while it looked like the bulls may get to work again and rekindle the bigger rally. Traders aren't quite ready for that to happen though, hitting the "sell" button hard and often on Friday as the...
With nothing more than a quick glance, March's jobs report was a bit alarming. We only added 103,000 new positions, and the unemployment rate actually didn't edge lower to 4.0%, as was expected. That's a far cry from the 326,000 new payrolls added in February, particularly in light of the fact that we're allegedly in the midst of a booming...
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