A Little Help From Our Friends In The Far East
This piece waswritten by Greg Che.Markets opened higher Tuesday on thenews that the Bank of Japan had cut interest rates overnight, pushing the NikkeiIndex 4% higher.Also helping the markets climb higherwas the Retail Sales numbers which were slightly better than expected. Itappears that the tax reb
Sweet Reversal
Patience is a virtue, at least sometimes.
Good Cop, Bad Cop — Who Wins?
This piece waswritten by Greg Che.Markets opened mixed even after a tier-oneanalyst upgraded the semiconductor index prior to the opening of trading Monday.Breadth thus far for the session isnegative and volume continues to be light for the broader markets.Goldman Sachs upgraded a number ofstocks in
Dow Jones-ing For A Reversal
Dow futures
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PowerRating) gave two compelling signals that they could turn around from their recent sell off. First, the contract registered a Turtle Soup Plus One Buy signal. This morning Dow futures sold off
This Setup Just Keeps Working
Here is a potent combination.
There’s Gold In That Soup
It has been pointed out in this space before that it paysto check TradingMarkets Futures Indicators Page for indications of marketdirection or potential market reversals. September Dow futures
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PowerRating),a contr
Succeeding With Failed Patterns
Sometimes failed patterns can be the strongest patterns
Beige Cloud Cover
The Beige Book survey of economic conditions from the 12 District Banks of the Federal Reserve yesterday is having a hangover effect on financial futures. The survey painted the picture of an economy stymied by a weak manufacturing sector and cast doubt about a recovery any tim
Turning Dollars Into Gold
The dollar’s loss was gold’s
This Is The Color Of The Economy
Its beige. At least for the remainder of the year. Or so said the 12 District Banks of the Federal Reserve in their anecdotal survey of regional economic conditions. When the Fed says the economy, and especially factory activity, is slow and may not perk up until years end, traders
The Beige Bombshell
Manufacturing matters.
Commodities Calm
Quiet trading has characterized most futures markets inrecent days. This is brought out by the high number of contracts on the6/100 Low VolatilityList today — eight — in recent sessions. From the 6/100 Low VolatilityList, September T-bonds
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