By Thomas Franck, CNBC Ralph Acampora has historically been a market bull when it comes to equities. But the so-called godfather of technical analysis has become more cautious after the Dow Jones industrial average surpassed his "Hail Mary" forecast more than two months early. "I had two targets, one was 19,000 and the other was my 'Hail Mary' pass: the...
By Thomas Franck, CNBC Ralph Acampora has historically been a market bull when it comes to equities. But the so-called godfather of technical analysis has become more cautious after the Dow Jones industrial average surpassed his "Hail Mary" forecast more than two months early. "I had two targets, one was 19,000 and the other was my 'Hail Mary' pass: the...
Yes, much has recently been published about the 10-year anniversary of the 2007~08 credit market crash and many people are trying to make comparisons between then and now. Some of this information is valid and factual. For example, the amount of debt now is much higher than the debt levels in 2004~08. This would lead some to consider the scope...
Yes, much has recently been published about the 10-year anniversary of the 2007~08 credit market crash and many people are trying to make comparisons between then and now. Some of this information is valid and factual. For example, the amount of debt now is much higher than the debt levels in 2004~08. This would lead some to consider the scope...
By Barbara Kollmeyer, MarketWatch The stock market may never go down again. Maybe not such a far-fetched notion, when you consider the Dow industrials yesterday nailed its 50th record close of the year and paid a visit to the 23,000 milestone, which it looks set to revisit and maybe stick to today. To mark the occasion, Pension Partner’s Charlie Bilello,...
By Barbara Kollmeyer, MarketWatch The stock market may never go down again. Maybe not such a far-fetched notion, when you consider the Dow industrials yesterday nailed its 50th record close of the year and paid a visit to the 23,000 milestone, which it looks set to revisit and maybe stick to today. To mark the occasion, Pension Partner’s Charlie Bilello,...
Like leveraged ETFs? A lot of traders do, and for good reason. Just a little movement from the market or a sector can translate into a lot of movement for an exchange-traded fund, and the availability of bearish and bullish leveraged funds means it doesn't even matter which direction that trade-worthy move is pointed. What if, however, there was a...
Like leveraged ETFs? A lot of traders do, and for good reason. Just a little movement from the market or a sector can translate into a lot of movement for an exchange-traded fund, and the availability of bearish and bullish leveraged funds means it doesn't even matter which direction that trade-worthy move is pointed. What if, however, there was a...
Last week's gain was a "just barely" situation, and the market didn't exactly end the trading week on a bullish foot. It's not like the bears even bothered to make an effort to show up though. Of course, the bears may just be biding their time, waiting for more convincing proof that any modest slide isn't going to be stopped...
Last week's gain was a "just barely" situation, and the market didn't exactly end the trading week on a bullish foot. It's not like the bears even bothered to make an effort to show up though. Of course, the bears may just be biding their time, waiting for more convincing proof that any modest slide isn't going to be stopped...
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