Wow! When I wrote about the likelihood of a sideways consolidation yesterday, I never dreamed that the markets would rally to the top of the trading range so quickly. As the chart of SPY below shows, ...
The greenback turned out to be the best investment instrument in November – the Dollar Index added last month 5.2% surpassing stocks, bonds and commodities. As a result, the forecasts of those ...
EquitiesAsian markets ended mixed, as investors digested the news of Ireland’s bailout by the IMF and ECB. The Nikkei climbed .9% to 10115, its highest close since June, and the ASX rose ...
After breaching the support for the support rising wedge shown below, the index rose slightly to retest the breach but was faced by the 100 MA which is strong resistance over short term basis, ...
Global markets shrugged off Dubai concerns and pursued higher yielding assets with a vengeance. Nikkei 225, Hang Seng and Shanghai Composite rose impressive 2.43%, 1.34% and 1.25%, espectively. Asian ...