5 December, 2014 by The TZ Newswire Staff Comments Off on Bulls And Bears Both Find Reasons For Hope In Market
Bulls And Bears Both Find Reasons For Hope In Market
Stocks kept to a tight range Friday as the indexes added small gains. The Nasdaq and the S&P 500 rose 0.2% each, while the small-cap Russell 2000 popped 0.8%. The IBD 50 gained 0.3%. Volume rose across the board. If bulls were looking for hope this week, they found it in the way the indexes recovered from Monday’s whipping. The Nasdaq opened the week with a 1.3% loss and then reduced it to a sliver.
5 December, 2014 by The TZ Newswire Staff Comments Off on The dog still isn’t barking
The dog still isn’t barking
I always try to find something interesting to say about the jobs report. The obvious headline was the 321,000 new jobs, plus an upward revision in previous months totaling another 44,000. The past three months are very strong. Hourly wages were up a strong 0.4%, but over the past 3 months, or 12 months, we are still seeing only about 2% trend wage growth–no real breakout yet.
5 December, 2014 by The TZ Newswire Staff Comments Off on 150 Billion Reasons Why Low Oil Prices Are Not Good For The Global Economy
150 Billion Reasons Why Low Oil Prices Are Not Good For The Global Economy
While the clear narrative forced upon the investing (and consuming) public is that lower oil prices are great for the economy – which is utter crap (as we have explained here and here) – the fact of the matter both primary and secondary effects are extremely significant… and already occurring.
5 December, 2014 by The TZ Newswire Staff Comments Off on DP Weekly Update: Bearish Wedges
DP Weekly Update: Bearish Wedges
Yesterday I was able to annotate very short-term trend lines on the 10-minute bar chart. A bearish ascending wedge is visible and while price broke below in the 20 minutes of trading it did manage to close above. I don’t think that this is the execution of this pattern. Recall that the ascending wedge pattern has the expectation of a breakdown. Unfortunately, unlike a flag formation which has a “target” if the pattern executes, a breakdown from the wedge is anticipated but it doesn’t indicate how far it will decline.
5 December, 2014 by The TZ Newswire Staff Comments Off on Voices Grow Louder To End The US Dollar’s Reserve Status
Voices Grow Louder To End The US Dollar’s Reserve Status
When no lesser establishmentarian than Obama’s former chief economist Jared Bernstein called for an end to the US Dollar’s reserve status, it raised a few eyebrows, but as the WSJ recently noted, the voices discussing how the burden of being the world’s reserve currency harms America, more than just Vladimir Putin is paying attention.
5 December, 2014 by The TZ Newswire Staff Comments Off on Traders will game the Fed in the week ahead
Traders will game the Fed in the week ahead
Traders will be searching for any signs the economy and job market are really kicking into a higher gear, as Friday’s jobs report suggests.
5 December, 2014 by The TZ Newswire Staff Comments Off on Cramer: 3 things to make oil’s bull case
Cramer: 3 things to make oil’s bull case
Jim Cramer discussed the impact of booming jobs in the U.S. economy on oil. What will it take to be bullish on oil again?