We’ve got new highs, ladies and bohunks, on all the major indexes. It’s a certified breakout, and considering the charts we’re about to show you, it’s also setting up to be one wham-doggy, slap’o’the porpoise affair. This is a chart of where Main Street is currently situated vis-à-vis the stock market. And as you can […]
Markets opened lower on Monday morning after oil dipped to a five-year low. The price for a barrel of oil dropped more than $2 per barrel to $66.77. Pricing this low has not been recorded since October of 2009. This drop followed the recent meeting where OPEC decided they would not be cutting oil production […]
Markets were heading slightly higher on Monday after the United States Postal Service announced that there was a data breach the affected it’s employees and their call center. They reported that nearly 800,000 employees have had their personal information compromised along with customer’s data that called into the call center from January through August of […]
We’re not sure if it was an early practical joke – if someone over at Barron’s got November 1st confused with April 1st – but we sure got a kick out of it. Well, it seems that precisely as last week’s drop in gold was occurring – preceded, of course, by the requisite drop in […]
Wanted to make a quick update of two separate markets before we moved on to this week’s analysis and trade recommendations. We’ll start with the Chinese market. Stocks in Shanghai have moved into a bullish technical posture the likes of which we haven’t seen since the spring of 2008. It’s early going yet, so things […]
Markets were headed higher on Friday after it was announced that the United States bombed Islamic State positions on Iraq. It was announced that U.S. warplanes struck Iraq for the first time since American forces left the country in 2011. President Obama gave approval on relief supplies and air strikes overnight. This news comes shortly […]
Markets were falling slightly after news was released that Visa (V) had cut their revenue forecasts for the year. The company reported that their expectations for the year were slashed due to cross-border growth transactions slowing down as the U.S. dollar strengthened. Visa retains over 60% of its transaction volume outside of the United States. The […]
Shares of McDonald’s (MCD) were trading lower after the company announced that their sales fell in February. The company said that sales were down 1.4% at established chains in the U.S.