Ouch! On Thursday, the market logged its biggest daily loss since May, with the S&P 500 falling 1.5%, and reaching the lowest low since early July. Thing is, it may have even been worse than it seemed. Also, truth be told, Thursday's implosion has been brewing for a while, and now that a meltdown like Thursday's was allowed to materialize,...
Ouch! On Thursday, the market logged its biggest daily loss since May, with the S&P 500 falling 1.5%, and reaching the lowest low since early July. Thing is, it may have even been worse than it seemed. Also, truth be told, Thursday's implosion has been brewing for a while, and now that a meltdown like Thursday's was allowed to materialize,...
If you think all chart-based signals are straightforward and crystal clear. Sometimes — maybe even most of the time — a great buy signal requires some interpretation and assumption rather than a black and white cue. [If trading was easy, everyone would be doing it. Right?] Against that backdrop, this week our Afternoon Channel Trader advisory service banked a healthy...
If you think all chart-based signals are straightforward and crystal clear. Sometimes — maybe even most of the time — a great buy signal requires some interpretation and assumption rather than a black and white cue. [If trading was easy, everyone would be doing it. Right?] Against that backdrop, this week our Afternoon Channel Trader advisory service banked a healthy...
David Tepper of Appaloosa Management says stocks are still not too rich based on 1999 levels ————————————————————————————————————————————————– Billionaire David Tepper thinks comparing this current stock-market environment with the overheated markets of 1999 is “ridiculous.” The hedge-fund manager, who runs Appaloosa Management, told CNBC in a phone interview on Tuesday that the market’s record run, notwithstanding last week’s pullback for the...
David Tepper of Appaloosa Management says stocks are still not too rich based on 1999 levels ————————————————————————————————————————————————– Billionaire David Tepper thinks comparing this current stock-market environment with the overheated markets of 1999 is “ridiculous.” The hedge-fund manager, who runs Appaloosa Management, told CNBC in a phone interview on Tuesday that the market’s record run, notwithstanding last week’s pullback for the...
Say what you want about a weakening economy and slowing corporate earnings, but don't deny that the American consumer is (still) feeling pretty good about the future… good enough to continue spending their hard-earned cash at the nation's stores and restaurants. In that personal consumption drives 2/3 of the U.S. economy, last month's retail spending figures bode well for stocks....
Say what you want about a weakening economy and slowing corporate earnings, but don't deny that the American consumer is (still) feeling pretty good about the future… good enough to continue spending their hard-earned cash at the nation's stores and restaurants. In that personal consumption drives 2/3 of the U.S. economy, last month's retail spending figures bode well for stocks....
This commentary comes from contributor Chris Vermeulen, of ActiveTradingPartners.com. Our recent analysis suggests we may be setting up to repeat history in an odd and dangerous manner. As market technicians, part of our job is to work with numbers, find patterns and attempt to predict future price moves in US and Global markets. As you can imagine, it is not...
This commentary comes from contributor Chris Vermeulen, of ActiveTradingPartners.com. Our recent analysis suggests we may be setting up to repeat history in an odd and dangerous manner. As market technicians, part of our job is to work with numbers, find patterns and attempt to predict future price moves in US and Global markets. As you can imagine, it is not...
