Gold Benefits from Global Equities’ Retreat, Lower Dollar @FoxBusiness
http://www.foxbusiness.com/markets/2016/01/20/gold-benefits-from-global-equities-retreat-lower-dollar.html
http://www.foxbusiness.com/markets/2016/01/20/gold-benefits-from-global-equities-retreat-lower-dollar.html
S&P 500 touches lowest level in nearly two years Militants storm Pakistan university, kill at least 20 Weak U.S. inflation, housing data lower March rate hike chances Researchers find possible ninth planet beyond Neptune Wal-Mart to hike pay for 1.2 million workers in 2016
Stock Market Commentary: At one point, the Dow fell 565 points on Wednesday before reversing around noon and rallying sharply into the close. Oil prices fell to $27/barrel, plunged over 6% and hit a fresh multi-decade low but also bounced and closed off their lows. Japan’s stock market officially entered bear market territory (decline >20% from…
Investor's Edge: 01/20/2016Listen to today’s show by clicking here.
WASHOUTS PART 2 By Gary Kaltbaum We know…we are writing again to you! We do not like micro-managing markets. Our interest lies more with the big picture. But earlier today, on purpose, we wrote to you about the potential for washouts. We explained what it is and what it means. It is early. Markets are…
The MSCI All-Country World Index fell over 2.5%, bringing its drop from a May record up to the 20% threshold for a bear market. More than $15 trillion has been erased from the value of global equities in the period, according to data compiled by Bloomberg.
Source: https://www.youtube.com/watch?v=WeNBspJGVko
“LOOKING FOR WASHOUTS!” We do not predict washouts. We have no idea when washouts occur. We just know that often, severe market drops end on a gargantuan washout day. When one occurs, one needs to react because washouts and bear market rallies are usually strong. A washout day does not end the bear market but often will end…
Last night on CNBC’s Mad Money, host Jim Cramer spent a good chunk of the program talking about Fibonacci levels in the stock market and how a seeming correct interpretation of them led market technician Carolyn Boroden, who goes by the handle “Fibonacci Queen,” to become bearish in July 2015, as reported by Yahoo Finance….
Greetings from Davos. Just kidding! WE’RE NOT IN DAVOS! We couldn’t even get invited to the Bronx! Not that there is anything wrong with the Bronx. But we are in beautiful Orlando, Florida where it feels like Davos with a low of 30° today. That freakin global warming! As we write this, another major gap to the…