Kevin Haggerty says that the market is continuing to trade divorced from reality. Find out what he means in his market commentary.
The Fed was quick to try and jaw bone the rising interest rate fear as it gave us another one of the “keep rates low for an extended period of time” statements. And what of the sovereign debt crisis in Europe? Will the U.S. be next? See Kevin Haggerty’s commentary.
Over many years the US equity markets have done better with a stronger dollar. But Kevin Haggerty doesn’t think the USD is rising because of a flight to safety. It’s just the best of the worst thanks to the spotlight shining down on Europe’s sovereign debt problems.
Politics and economics fit hand in hand as Kevin Haggerty makes clear in his latest commentary. See the technical indicators of the market present and what Kevin projects will come of the recently passed Obama health care bill.
In this edition of Kevin Haggerty’s market commentary, Haggerty gives an exclusive peak into information typically available only to paid trading service subscribers.
The SPX continues into short term overbought conditions today, see what this means for the trading day going forward and what you might be able to expect from other segments of the market. Kevin Haggerty delivers straightforward technical commentary for advanced traders.
Stocks are up on a better-than-expected jobs report and while things are looking topside technically, the truth behind the numbers is much less encouraging. Get the straight talk from Kevin Haggerty.
The SPX finished last week -0.4 to 1104.49 after bouncing (or being manipulated) off the 1086 low on Thursday. Either way, it was a positive because in terms of economic data it was probably the worst week this year.
The SPX was +1.0% on Wednesday to 1105.24 from the previous 1094.64 close, but for day traders there were just two opportunities to cash in on some travel range.
Market commentary by Kevin Haggerty, read the latest price action and volatility assessments from one of TradingMarkets’ top financial columnists.