Sponsored By: Today’s Summary Wednesday, May 15th, 2019 Indices: US stocks were higher in today’s session, with the Dow Jones Industrial Average closing up 116 points or 0.46%. The Nasdaq was the strongest of the major indices, closing up 1.13%. Sectors: Communications led, gaining 2.24%. Financials lagged, closing down 0.37%. Commodities: WTI Crude Oil futures rose 0.39% to settle at $62.02 per barrel. Gold futures were slightly higher by 0.12% and […]
Archives for May 2019
Daily Chart Report ? Tueday, May 14th, 2019
Sponsored By: Today’s Summary Tuesday, May 14th, 2019 Indices: US stocks were higher in today’s session, with the Dow Jones Industrial Average closing up 206 points or 0.82%. The Russell 2000 was the strongest among the major indices, gaining 1.32%. Sectors: Technology led, gaining 1.61%. Utilities lagged, closing down 0.67%. Commodities: WTI Crude Oil futures rose 1.20% to settle at $61.78 per barrel. Gold futures were […]
3 Currency Pairs Equity Investors Need to Know
The average investor in America is usually only concerned with what the S&P 500, Dow Jones Industrial Average or the NASDAQ is doing. That’s great but in this day and age it’s a global marketplace. What happens to stock markets in Europe to Asia can easily affect US markets or even give clues to what […]
Taking Cover in Utilities
While the market has seen many components hit pretty hard in the last few sessions, there remains one sector that seems to have been able to weather the storm: Utilities ($XLU). As market participants leave “risk-on” sectors such as Technology ($XLK) and Consumer Discretionary ($XLY), we are seeing a flight to safety towards more defensive […]
Is this the Top for Tech?
Two renowned Technicians made television appearances last week and warned about the bearish signals they were observing in the Technology Sector. After just a few trading days they’ve been proven right as the Technology SPDR ETF, $XLK is down almost 4% in the past three sessions. This call is no longer immediately actionable due to […]
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