13 October, 2014 by The TZ Newswire Staff Comments Off on Believe It or Not, Verizon Thinks Traditional Cable Is Doomed
Believe It or Not, Verizon Thinks Traditional Cable Is Doomed
13 October, 2014 by The TZ Newswire Staff Comments Off on Market Sell-Off Intensfies; S&P 500 Breaks Support Levels
Market Sell-Off Intensfies; S&P 500 Breaks Support Levels
Stocks tried for a comeback, but big selling in the last hour sealed a third straight loss Monday. The S&P 500 tumbled 1.6%, breaking its 200-day moving average, which it had been above since November 2012. It also breached support at the 1900 level. Energy, which makes up about 10% of the benchmark index, was one of the day’s worst-performing groups. The Nasdaq slumped 1.5%.
13 October, 2014 by The TZ Newswire Staff Comments Off on Hard Sell Off-Levels Getting Broken
Hard Sell Off-Levels Getting Broken
For the day the SPX/DOW were -1.50%, and the NDX/NAZ were -1.55%. Bonds gained 25 ticks, Crude lost 70 cents, Gold rose $11, and the USD was lower.
Short term support now drops to 1869 level and 1846, with resistance a 1901 and 1929.
13 October, 2014 by The TZ Newswire Staff Comments Off on Why Tomorrow It Could Get Even Worse
Why Tomorrow It Could Get Even Worse
While today’s market dump was certainly dramatic, it was a function of the scant liquidity in the market (as we warned would be the case first thing) and outsized moves following last week’s mauling, not the result of any fundamental (or not so fundamental) news.
13 October, 2014 by The TZ Newswire Staff Comments Off on J.C. Penney Company Inc. Turnaround Fails to Impress Wall Street
J.C. Penney Company Inc. Turnaround Fails to Impress Wall Street
The department store operator is going to need to a few magic tricks if it wants to surprise analysts after issuing disappointing guidance.
13 October, 2014 by The TZ Newswire Staff Comments Off on Is Privacy That Big of a Concern for Facebook and Twitter’s Buy Button?
Is Privacy That Big of a Concern for Facebook and Twitter’s Buy Button?
13 October, 2014 by The TZ Newswire Staff Comments Off on Why drop in oil prices could squeeze US economy
Why drop in oil prices could squeeze US economy
Although some industries such as airlines and shippers are enjoying the drop in oil prices, the U.S. economy overall may take a hit.