MONEY FLOW- Why does it matter?
Momentum traders have been caught by surprise to see high fliers stocks such as AMAZON AND NETFLIX...
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Category: MARKET UPDATES
NASDAQ IN CORRECTION TERRITORY AGAIN. ANOTHER PULLBACK
MARKETS LOOKING FOR DIRECTION All indexes experienced severe selling the past week. What is remarkable is though that Nasdaq and Small Caps experienced a correction of more than 10%. Significantly, all the indexes closed above...
Read MoreAMAZON REPORTS STELLAR EARNINGS FOR Q1 2018
Amazon Inc. reported stellar earnings on Thursday afer market. The stock was up almost 10% after market hours. Net earnings for Q1 have doubled over the past year and are at $1.6 billion dollars currently. It has seen strong...
Read MoreMAJOR INDEXES FAIL TO GO PAST 50 DAY MA
MAJOR INDEXES FAIL TO BREAK THROUGH 50 DAY MOVING AVERAGE S&P 500 and other indexes such as Dow Jones and Nasdaq failed to go past 50 day moving average. This likely sets us up for a 200 day moving average touchdown. On the...
Read More10 Year Bond Yields Approaching 3%
10 year bond yield has spiked up and reached a 4 year high of 3% today. 10 year yield has not seen yield of 3% since January 2014. Also noticeable is that the 2 year bond yield has risen upto 2.5%. Thus the spread is only 0.5%...
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