The Nasdaq 100 saw its best 2-week rise since the early 2000s dot com bust, the S&P 500 and Dow Jones followed. The road ahead remains tough with US PCE and non-farm payrolls data in focus. more...
Here are stocks to buy for the coming strong week: SchlumbergerDollar Tree Stores more...
Last week’s strong closing candle is coming from a big area with long-term implications. The head-and-shoulders top I’ve been discussing for months had its neckline thoroughly tested after it broke in October. Retests are a common occurrence for these types of patterns before their full bearish potential is realized. In confluence with the neckline is the decisively falling 200-day MA, the underside of the 2011 trendline which was also ...
US 500: Retail trader data shows 30.6% of traders are net-long with the ratio of traders short to long at 2.26 to 1. In fact, traders have remained net-short since Jan 07 when US 500 traded near 2527.99; price has moved 7.1% higher since then. The number of traders net-long is 9.0% lower than yesterday and 4.8% higher from last week, while the number of traders net-short is 0.6% lower than yesterday and 3.3% higher from last week. We typically ...
The Nikkei 225’s daily chart points to a touch of technical stasis, of the sort now quite common across the equity market space. The Tokyo stock benchmark has settled into a broad range since late July at what- by recent standards- are quite elevated levels. While bulls can if they like take some comfort that the market is clearly in no hurry to take cash off the table, there is clearly little impetus to push on towards recent highs, which remain just out of reach. ...
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