Post

Trust:3
Votes:7
Views:120

U.S. Equities Post Strong Gains on Renewed Interest in Higher Yielding Assets

Confidence that the Greek budget deficit problem may be improving helped to drive up demand for risky assets. This helped to boost U.S. stock indices. Traders were also becoming more confident about improvements in future corporate earnings because of the recent improvements in the economy.

Read More...
Trust:3
Votes:10
Views:254

S&P and NASDAQ Post Weekly Reversal Tops

Investors continued to dump higher risk assets today triggering weekly closing price reversal tops in the December E-mini S&P 500 and the December E-mini NASDAQ. A follow-through break to the downside in both of these markets next week will confirm the reversal top and lead to the start of a 2 to 3 week break.

Read More...
Trust:2
Votes:4
Views:272

U.S. Stock Indices Post Weekly Reversal Tops

U.S. equity markets posted weekly closing reversal tops indicating the possibility of the start of a 2 to 3 week break. A worse than expected U.S. Durable Goods Report triggered today’s sell-off, but the high for the week was posted shortly after the Fed FOMC announcement on September 23rd. Investors are selling stocks on the belief that prices are too far ahead of economic conditions.

Read More...
Syndicate content

YOUR AD HERE

Follow Us!