The British pound dropped on Thursday but remained supported after the European Union granted the UK a substantial extension of the Brexit deadline – to October 31, 2019. This extension also has a provision whereby the UK would … [Read More]
The price of gold took a sharp dive on Thursday, plummeting well below its key 50-day moving average. Driving this move was the U.S. dollar, which rose broadly against a basket of other major currencies. Gold Uptrend Driven … [Read More]
Markets were still very unstable on Monday (3/25/2019) after last Friday’s rout. But the Dow Jones Industrial Average (DJI), which is the most widely-watched market index by investors and the media alike, has recently formed a bullish ‘golden … [Read More]
Apple Inc. (AAPL) gained an impressive 3.68% on Thursday. In the process, the stock sliced through its 200-day moving average and closed above this widely-watched indicator for the first time since mid-November. AAPL was certainly buoyed by a … [Read More]
Electronics retailer Best Buy (BBY) reported significantly better-than-expected fourth-quarter earnings and revenue on Wednesday morning. Shares of Best Buy gapped up and surged more than 17% at one point on Wednesday to hit a high of $70.73 due … [Read More]
We’ve been talking a lot about U.S.-China trade lately, but there’s a good reason for that. It’s a primary market driver at the moment. Of course, this will almost certainly change down the road. But for now, all … [Read More]
If there’s one technical analysis indicator that’s held in the highest regard by technical analysts, institutional traders, retail investors and the financial media alike, it’s the 200-day moving average. But the reason for this is not abundantly clear. … [Read More]
Monday is a bank holiday in the U.S. – Presidents’ Day – so U.S. markets are closed. And for the shortened week ahead, a big question remains. Will the extended stock market rally we saw last week, which … [Read More]
Shares of Dow component The Coca-Cola Company (KO) took a massive 8.4% dive on Thursday after its pre-market earnings release. This knockout blow represented the worst single-day loss for the company since the 2008 financial crisis. From Wednesday’s … [Read More]
In the week ahead, US-China trade conflicts and negotiations will continue to be in focus for the markets as earnings season begins to wind down. Markets Hit by Trade Uncertainty As for the past week in the markets, … [Read More]
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