US inflation picks up; weekly jobless rate at 48-year low. Read story Trump says ‘take the guns first, go through due process later’. Read story Putin: Russia has ‘invincible’ nuclear weapons that can ‘reach anywhere on earth.’ Read story World’s biggest ad agency suffers worst stock drop since 1999. Read story Trump defends US steel […]
S&P 500 As we can see on the following chart, on Monday we hit 2779.60, pretty much bang on the outside target of 2800 for Near-term resistance that we highlighted in our February 20th blog. Today, we closed the month at 2713, just above what was previous resistance at 2696. If we hit the […]
Wall St opens higher on lower than expected GDP. Read story Treasury yields rise as traders view Powell remarks through hawkish lens. Read story May: UK cannot agree the EU Brexit draft. Read story Ghana teacher teaching how computers work – without computers. Read story Dick’s Sporting Goods to stop selling assault rifles. Read story […]
Governments and institutions all over the globe are increasingly paying attention to Crypto Currencies (CC’s) and the technology that underpins them all – Blockchain. Some of the attention is negative, but on balance, it is clear that more and more of the attention is positive, supportive, and exploitive. As the business and investment world becomes […]
Wall St rises as investors wait further Fed guidance. Read story Head of world’s largest hedge fund says US in a ‘pre-bubble phase’ with a 70% chance of recession. Read story Florida shooting: Armed officer stood outside school and did not intervene as 17 killed. Read story China seizes control of Anbang Insurance as chairman […]
Wall St opens higher as tech stocks rise. Read story US jobless claims drop to 45-year low. Read story 1 in 5 Americans have more credit card debt than savings. Read story Ford’s head of US operations is leaving over ‘inappropriate behaviour.’ Read story Trump: Armed teachers could stop attacks. Read story Parkland student: CNN […]
Last Wednesday morning, at the market open, we posted the following targets (note the weekly was updated later in the day). Near-term Resistance = 2697 (weekly target of 2740) Key Resistance = 2873 Immediate Support = 2585 (Note: this is the 150-DMA) Near-term Support = 2535 Key Support = 2473 On Wednesday, the S&P 500 […]
Crypto Currencies (CC’s) are making inroads into the daily lives of more and more people every week. While China has taken a contrarian stance, trying to curtail Crypto Coin marketplaces, most other countries are finding ways to embrace this market or at least consider positive ways to deal with it. Clearly, most governments around the […]
Stocks flirt with 6-day rally; Nasdaq set for best week since 2011. Read story Oil output cuts and electric car influx could hit Russia economy: central bank. Read story Ninth grader arrested after threatening “Round 2 of Florida.” Read story US rejects China-led bid for Chicago Stock Exchange. Read story Bitcoin retesting the $10,000 level […]
17 killed in mass shooting at Florida high school. Read story Football coach ‘died a hero’ shielding students from gunman. Read story Wall St opens higher as inflation fears ebb. Read story Brace for another nose-dive for stocks – and welcome it. Read story Billionaire Charlie Munger says ‘bitcoin is noxious poison.’ Read story The […]