Many traders, especially traders who spend their majority of time reading charts and relying on indicators and oscillators, tend to forget that stock and equity prices are not only driven by supply and demand. They are driven by fear and greed. It’s easy to say that a stock is making a double top, or is… [Read More]
Here’s Phil Suarez, Director of Education for The Machine, with this morning’s Inside The Machine update for Wednesday.
With markets oversold to begin the week, some of the biggest pullbacks and strongest edges in the market right now are in gold and India country ETFs. Find out more in today’s edition of 7 ETFs You Need to Know.
A pullback on light volume characterized the broader market on Friday. Meanwhile, shares of Ford outperformed among blue chips and Netflix soared to a new record high going into the weekend.
Concerns over Ireland have kept trading interest high in European ETFs. Meanwhile, exchange-traded funds based on Asian countries are edging closer to oversold territory as trading begins on Tuesday.
Sellers were most aggressive in the financial sector, with some of the biggest pullbacks in some of the biggest banks. A late intraday rally – and continued strength in retail – helped trim the market’s overall losses ahead of Tuesday’s open.
Short term oversold conditions resulted in a strong rally on Thursday, putting many oversold stocks back in the overbought column ahead of the final trading day of the week.
Sellers continued to press their offensive on Tuesday, sending even more stocks tumbling toward oversold territory above the 200-day moving average ahead of trading on Wednesday.
With month end on Wednesday and the long July 4th weekend coming up, what’s in store for the market this week? Here’s Kevin Haggerty’s analysis.
Despite all of the volatility due to the Euro sovereign debt mess, here’s Kevin Haggerty’s technical update on where the markets are and what’s likely to come.