Sponsored By: Today’s Summary Monday, June 10th, 2019 Indices: US stocks were higher in today’s session with the Dow Jones Industrial Average closing up 79 points or 0.30%. The Nasdaq was the strongest of the major indices, up 1.05%. Sectors: Technology led, gaining 1.02%. Utilities lagged, falling 0.68%. Commodities: WTI Crude Oil futures fell 1.35% to settle at $53.26 per barrel. Gold futures were lower by 1.03% and […]
Archives for June 2019
U.S. Dollar at a Key Inflection Point
The U.S. Dollar has been in focus for a lot of traders and analysts lately. It broke out to a new 52-week high at the end of May but since then, has pulled back rather sharply. It’s been in a healthy uptrend for over a year, as it’s traded above a rising 200-day moving average. […]
Daily Chart Report ? Thursday, June 6th, 2019
Sponsored By: Today’s Summary Thursday, June 6th, 2019 Indices: US stocks were higher in today’s session, with the Dow Jones Industrial Average gaining 181 points or 0.71%. The small-cap Russell 2000 lagged the rest of the major indices for the second day in a row, closing down 0.22%. Sectors: All 11 S&P 500 sectors closed positive. Energy led, gaining 1.85%. Industrials lagged but […]
Relative Strength is the Flavor in Financials
Often never the ‘sexy’ group of the bunch and quickly lost in the shuffle to the likes of high flying tech or the latest IPO market, especially when risk is fully in favor. However, the Financial sector should be atop your list of barometer checks for the broad market, and when rotation is in favor […]
Mark Newton Looks for a Bottom
Earlier this week, Mark Newton of Newton Advisors appeared on Real Vision to gives his take on whether we are close to finding a reversal point from this recent correction. Mark begins by pointing out that sentiment was pretty high for a majority of 2019, but those bullish feelings have come down quite a bit recently, […]
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