Mixed economic releases coupled with concerning nonfarm payrolls data left many scrambling to take profits, sending major indexes into red territory for the week. With earnings season in the books, investors will once again focus their attention on fundamental data releases along with headlines from the Euro zone. The week ahead looks to be clouded with uncertainty as parliamentary elections across the debt burdened currency bloc may very well spark volatile trading on Wall Street [see also 5 Simple ETF Trading Tips].
U.S. stocks staged an impressive recovery last week as major indexes held above key technical resistance levels, 1,360 for the S&P 500 Index, bolstered by upbeat earnings results. Investors also reacted positively following the latest FOMC announcement which reaffirmed the Fed’s commitment to keeping interest rates low until late 2014. Confidence in the domestic recovery is growing judging from the [...]
With all of the euphoria building on Wall Street since the start of 2012, many investors seemingly forgot about the lingering, unresolved Euro zone debt drama. Despite the optimistic sentiment building on the home front thanks to encouraging data releases, the global economic recovery remains largely influenced by the health of the fragile currency bloc [...]
With Euro zone debt woes creeping back onto Wall Street last week, investors were reminded of the looming challenges that will continue to pose headwinds for the currency bloc in the foreseeable future. Nonetheless, from a technical perspective, the longer-term uptrend in broad equity indexes including the S&P 500, Dow Jones Industrial Average, and Nasdaq [...]
Equity indexes on Wall Street oscillated between gains and losses throughout the majority of the trading week as slightly disappointing economic data releases were enough to encourage broad-based profit taking. Investors were displeased with a slow down in durable goods orders, although better-than-expected consumer sentiment on Friday helped to restore confidence. This week will see a host [...]
Bullish momentum cooled off a bit last week thanks to sparse economic data releases and lingering profit taking pressures. Investors fretted over worse-than-expected data from the housing market on the home front, while slowdowns in manufacturing across Europe and China also added to the list of uncertainties. Despite relative weakness in the stock market, gold prices [...]
Equity markets continued their trek higher last week as encouraging economic data is a key driver of price action now that Euro zone woes have finally taken a backseat. In light of the positive fundamental improvements on the home front, this week is looking to be fairly uneventful in terms of major data releases aside [...]
Bullish euphoria bolstered equity markets higher last week as better-than-expected economic data stole the headlines. Investors were more than happy to see a big jump in consumer confidence as well as an encouraging GDP report, both of which boosted confidence in the recovery. The biggest surprise on Wall Street was Ben Bernanke’s testimony before Congress; [...]
This past week was relatively tame as far as important data is concerned, but that does not mean that it was without its high points. The Greek debt deal certainly sparked life in trading as the world formed their own opinions on the second bailout and whether or not it would save the drowning country. All the [...]
As earnings season comes to an end, investors will have one more week to focus on blue chip quarterly results to help guide their trades and positions. Last week saw earnings come in as a mixed bag, but that all changed on Friday when unemployment figures shattered the mold and dropped to 8.3% with 243,000 [...]
Bullish momentum propelled stocks higher last week, although the French credit downgrade drama on Friday was enough to rekindle Euro zone woes and spark a broad-based sell-off before the weekend. Standard & Poor’s credit downgrade of France and Austria sparked volatile trading to start the week across European and Asian markets; investors on Wall Street [...]
