So you made a huge boo-boo and decided to buy a whole bunch of energy companies in your portfolio because they are currently valued as “cheap” due to a high oil supply and low prices. It...
While algos patiently await the only thing that matters for US stocks today which is Janet Yellen’s testimony before Congress expected to be released at 8:30 am (and previewed here), the rest o...
GBP/USD: Having halted its weakness to close higher on Tuesday and followed through higher on Wednesday, GBP/USD aims at 1.4591 level on bullishness. Support lies at the 1.4450 level where a break wil...
The top mid cap sectors are utilities and consumer goods. Packaging and containers is the best scoring industry. The average mid cap score is 50.91, which is below the four week average score of 52.61...
The positive bias to the US stock market over the long run means that drawdowns rarely exceed 10%. But this isn’t one of those times. The S&P 500 (SPY) is posting a decline in excess of 10% fr...
Yesterday we reviewed the Scariest Chart in the World, an overly sensational tongue in cheek title for a chart that has bearish historical implications for the S&P 500. Here it is again. Whether ...
Since January this year, central bankers have tried their best to soothe the markets in a bid to weaken their currencies and boost the equity markets. Mario Draghi was the first to attempt during his ...
Once the darling of the markets, FANG stocks are suddenly falling fast. Their fate is more or less identical to those of other tech stocks which have suffered a rout since last Friday. This was a cons...
The US Dollar Index remained near to a multi-month low versus a weighted basket of peers as traders await the outcome of today’s Federal Reserve Bank policy meeting. The Dollar Index, used by trader...
Four out of four measures of the UK industry missed: manufacturing production dropped by 0.2% m/m instead of a rise of 0.1% expected. Year over year it fell 1.7% instead of 1.4%. The wider industrial...