After opening the day in red share markets in India witnessed negative trading activity throughout the day and ended the day below the dotted line. Sectoral indices too ended the day in red, with stocks in the pharma sector and stocks in the metal sector leading the losses. At the closing bell, the BSE Sensex stood lower by 206 points (down 0.6%) and…
Oil ran into tech trouble as the U.S. tech sector is under fire leading to a sell-off in stocks against a backdrop of rising oil inventory. The Data breach scandal at Facebook is only one of many quick rising problems for the many tech firms and I am sure somewhere the Winklevoss twins are smiling….
Crude oil is unfolding a nice and strong recovery from the 60.14 level where corrective wave 2 found a base. That said this recovery we labelled as wave 3, which is usually the strongest, sharpest and steepest wave, which also looks to have found a top near the 67.00 region (area of the upper channel line,…
Overnight Markets And News Jun E-mini S&Ps (ESM18 +0.29%) this morning are up +0.05% and European stocks are down -0.68% as weakness in technology stocks drags down global stock indexes. Weakness in energy stocks is another negative for the overall market with May WTI crude oil (CLK18 -0.57%) down -0.67% on concern a global supply glut may…
The Power of the Pattern believes that two of the most important emotional highs and lows over the past 11-years are the highs in 2007 and the lows in 2009. We applied Fibonacci to the 2007 highs/2009 lows at each (1). The 261% Fibonacci extension level came into play at (2) at the 285 level. Numerous streaks and…
The revival of volatility in the US stock market this year has taken a toll on most equity sectors. Only two out of 11 sectors – consumer discretionary and technology – are posting year-to-date gains at the moment, based on a set of ETFs. The top performer so far in 2018: Consumer Discretionary SPDR (XLY),…
Today may be the last day of full liquidity until next Tuesday, after the Easter holidays. We identify three developments that are characterizing the end of the month, quarter, and for some countries and companies, the fiscal year. Equity market sell-off, bond market rally, and the continued rise in LIBOR. The sell-off in stocks at the…
Dividend kings are stocks that have grown their dividends for at least 50 consecutive years. You can see the full list of all 25 Dividend Kings here. Therefore, as the earnings of cyclical companies tend to collapse during economic downturns, it is really rare to see a cyclical stock qualify in this group. Nevertheless, Dover Corp. (DOV)…
Following yesterday’s violent and unexpected equity selloff, driven by a so-called “tech wreck” as the FANG+ index dropped by 5.7%, the most on record, and stood on the edge of a key support line precipice… … this morning, global stocks are predictably lower across the globe, as the tech sector fallout spreads across Asia and Europe… ……
The basic sector has thirteen industries all related to mining, making and delivering essential commodities. They are: agricultural inputs; aluminum; building materials; chemicals; coal; copper; paper; gold; silver; specialty chemicals; steel. Today I’m reviewing a paper and forest products company. It’s a large-cap stock, UPM-Kymmene Oyj. It’s trading ticker symbol is UPMKY. UPM-Kymmene Oyj manufactures…
