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Gold prices are modestly higher and scored another three-month high in early U.S. trading Wednesday. W1 price is located below SMA with period 100 (100 SMA) and below SMA with the period 200 (200 SMA) for the bearish market condition with the local uptrend as the secondary market rally: the price was bounced from 1047.65 support level for the rally to be started and with symmetric triangle pattern to be formed for the direction of the trend. If the price will ...
If the Dow Jones were a U.S. citizen, who would he or she vote for president? Donald Trump, Hillary Clinton, Bernie Sanders, Jeb Bush, Ted Cruz or John Kasich? Of course, some contend that the president has no influence over the economy nor the stock market. That could be a debate on CNBC unto itself. Never fear, I included their input as well. Here are responses from a ...
"After a choppy week of trading stocks closed the week strong adding to the evidence that the upside reversal on January 21st was important. The surprising drop in bullishness the previous week (Is Bullishness Low Enough Now?) did not get the attention of most analysts even though it was making a ten year low.""According to AAII the bullish% rose to 29.75% last week after hitting a low of 17.9% on January 14th. The bearish% is back to 40% as it ...
1. Low oil prices are a transfer of wealth 2. U.S. consumers will benefit 3. The crash in oil is due to speculation and deregulation 4. The end of austerity in the U.S. 5. The budget deficit is set to grow 6. U.S. household debt service is at historic low 7. Housing starts still below average 8. Stocks are cheap – S&P 500 forward P/E is below average 9. China isn’t as important as people think ...
1. Wells Fargo & Co. 2. International Business Machines Corp. 3. America Express Co. 4. U.S. Bancorp 5. Goldman Sachs Group Inc. more...