The Bullish Case for a Breakout is Better Than it Was With the Previous Rebound Effort Some of the most dangerous words to believe when it comes to trading are "this time it's different." Yet, although risks still abound and anything can still happen at any time (with or without warning), there really is something different about the current rally...
Mediocre ADP Job Growth Figure an Omen for Mediocre Jobs Report on Friday Ho-hum. In the month of March (the accounting month anyway, which ended on Thursday), payroll processing company ADP says it saw a (net) creation of 200,000 new payrolls, right in line with estimates and just a bit below February's job growth figure of 214,000. That number is...
Oil Deserved to Fall This Week (and may well deserve to keep falling) This week, the three-week rally effort from Crude Oil (USO) finally came to an official close. Between Wednesday's 2% pullback and Thursday's 3% tumble from the commodity, and near-term trend was broken, with crude prices falling just a tad under their 20-day moving average line. The rollover...
Housing Market Remains Strong, But Could Be Even Stronger If… Any worries about an implosion of the residential real estate market were officially unmerited, at least as of the most recent look. The Department of Commerce reported February's new-home sales (XHB) pace today, rolling in at an annualized pace of 512,000. That's above expectations, and above January's level. The figure was...
Crude Oil Starts to Break Through Ceilings Though it's still not out of the woods just yet, crude oil (USO) prices took a huge technical leap forward on this week, bringing the commodity one step closer to a full recovery. And, in light of the bulk of the reason for the big gain — the U.S. dollar's big plunge —...
Crude Oil Starts to Break Through Ceilings Though it's still not out of the woods just yet, crude oil (USO) prices took a huge technical leap forward on this week, bringing the commodity one step closer to a full recovery. And, in light of the bulk of the reason for the big gain — the U.S. dollar's big plunge —...
Inflation Remains in Check, Giving Fed Breathing Room (if the Fed cares to use it) If Janet Yellen was aiming to raise interest rates because she felt inflation was going to race out of control in the very near future, she didn't need to be concerned. It isn't. Indeed, inflation is still anything but rampant, on any front. This week...
Inflation Remains in Check, Giving Fed Breathing Room (if the Fed cares to use it) If Janet Yellen was aiming to raise interest rates because she felt inflation was going to race out of control in the very near future, she didn't need to be concerned. It isn't. Indeed, inflation is still anything but rampant, on any front. This week...
Wal-Mart Stores (WMT) Shares Teetering On the Verge Of a Breakout From a consumer's perspective, it's still one of the nations and the world's most despised companies, but from an investor's perspective, Wal-Mart Stores (WMT) may have quietly turned into a decent buying again IF one last hurdle can be cleared. Last year was, to put it bluntly, a miserable...
Wal-Mart Stores (WMT) Shares Teetering On the Verge Of a Breakout From a consumer's perspective, it's still one of the nations and the world's most despised companies, but from an investor's perspective, Wal-Mart Stores (WMT) may have quietly turned into a decent buying again IF one last hurdle can be cleared. Last year was, to put it bluntly, a miserable...
