Stocks rallied on on Monday as the market added to last week’s gain. The Dow Jones Industrial Average traded above the middle of it’s double bottom pattern and the next level of resistance to watch is the declining 50 day moving average line (16,654). European and Asian equity markets also rallied on Monday after oil…
Another gap to the upside this morning and lots of questions. Let us repeat our thoughts. We are now in rally mode of unknown price and time. We came to this conclusion because of the “sold out” action we again saw on Feb 11-12. We have seen these rallies before. All have failed miserably. Will this…
February 22,2016 By Gary Kaltbaum garyk.com @GaryKaltbaum Fox News Business Contributor The good news is that the bearish markets are doing their job of rinsing out some of the froth and speculation that occurs in the latter part of bull markets. Firstly, the IPO business as well as the secondary business has all but dried up. Towards the…
This is just the tippy, tip, tip of the iceberg of the total cronyism in local, state and federal government! And no one does anything about it! SOURCE: http://nypost.com/2016/02/21/developer-with-ties-to-de-blasio-scores-job-despite-being-outbid/
Stock Market Overview: Futures are down before Friday’s open as the market pauses to digest last week’s strong rally. In the last week, the benchmark S&P 500 soared over 120 points or over 6.6%. That is not “normal” bull market action and moves of that size typically occur during bear market rallies. Gary has done…
Over the past week, the benchmark S&P 500 vaulted ~120 points or +6.6%! That is a huge move by any normal measure. In “normal” (non/Central Bank printing money days), a 10% gain for the entire year was considered “normal.” Clearly, a +6.6% rally in a 4 trading days is considered very strong and the market is…
Bank of Japan Baffled by Negative Reaction to Negative-Rate Policy Gov. Haruhiko Kuroda criticized by lawmakers who charge the policy victimizes consumers and sends a message of despair By TAKASHI NAKAMICHI Updated Feb. 18, 2016 5:32 a.m. ET 15 COMMENTS TOKYO—A clash Thursday between Japan’s central-bank chief and lawmakers highlighted the downside of negative interest…
Stock Market Overview: Futures are up before Thursday’s open as the market continues to bounce from deeply oversold levels. In the last 4 trading days, the benchmark S&P 500 has soared over 120 points or over 6.5%. That is not “normal” bull market action and moves of that size typically occur during bear market rallies….
Stock Market Commentary: U.S. stocks continued their 3-day rally as the market continues to bounce from deeply oversold levels. It is important to note that new leadership still remains virtually non-existent and the market continues to be led higher by beaten down areas such as Materials ($XLB) and the Transports ($IYT). The Fed released the…
Stock Market Overview: Futures are up on Wednesday after the market rallied on Tuesday. U.S. Stocks were closed on Monday for president’s day. The market is trying to bounce from deeply oversold levels. Oil prices hit the mid 20’s last week and are now bouncing. Gary called the top perfectly for you in the latter…
