Reuters | November 17, 2022
Market Recap U.S. equity markets were down sharply before the opening bell on mixed retail reports and continued lackluster guidance during earnings calls. The Dow was down over 300 points and the other indices were done similarly. In economic news, Initial Jobless Claims were fewer than expected, posting 222K vs 225k forecasted. Building Permits were up 1.526M vs. 1.512 […]
Reuters | November 16, 2022
Market Recap Markets opened slightly down Wednesday despite a 1.3% rise in Retail Sales for October. A mixed bag of earnings retail earnings reports fueled the negative sentiment in the markets. Target (TGT) shares fell 13% on a bad earnings miss, while home supply companies Lowe’s (LOW) +5.43% and Home Depot (HD) +0.63% posted positive results. Walmart (WMT) was up +0.71%. The Dow Jones […]
Reuters | November 15, 2022
Market Recap Markets rallied on the opening bell on better-than-expected news on the economic front. The Producer Price Index (PPI) fell from 0.4% expected to 0.2%, signaling that wholesale prices are coming down. Last week the Consumer Price Index (CPI) was also down, which sent the Dow Jones Industrial Average rocketing over 1,000 points. The Dow gave up its […]
Reuters | November 13, 2022
By Lewis Krauskopf NEW YORK (Reuters) -Hopes that inflation is subsiding are fueling a surge in battered technology and megacap stocks, though some investors believe still-high valuations and doubts over the companies’ earnings outlooks may make a sustained reversal elusive. The tech-heavy Nasdaq Composite index rose 8.1% this week to notch its biggest weekly gain […]
Reuters | November 12, 2022
(Reuters) – Crypto exchange FTX filed for U.S. bankruptcy on Friday and Sam Bankman-Fried stepped down as CEO, after a liquidity crisis that has prompted intervention from regulators around the world. FTX, its affiliated crypto trading fund Alameda Research and about 130 other companies have commenced voluntary Chapter 11 bankruptcy proceedings in Delaware, FTX said. […]
Reuters | November 10, 2022
Market Recap Markets skyrocketed Thursday on a better-than-expected CPI report, fueling speculation that the Fed might ease interest rate hikes. The Dow climbed over 1,000 points (+3.10%). The Nasdaq shot up over 6 percent with a 650 point rise. The S&P 500 (+4.59%) and Russell 2000 (+5.76%) were also in strong positive territory. European markets also notched impressive gains: The DAX (Germany) closed up 3.50% […]
Cam White | November 10, 2022
What Is The Symmetrical Triangle The Symmetrical Triangle is a chart pattern that is recognized by the distinct shape created by two converging trend-lines. The pattern is identified by drawing two trend-lines that connect a series of sequentially lower peaks and a series of sequentially higher troughs. Both trend-lines act as support and resistance levels […]
Cam White | November 10, 2022
The Best Swing Trading System in the World During the last few months, I received over one hundred emails from traders asking me what the best swing trading system is and how they can purchase or create such a system for themselves. I thought I would write an article detailing this important topic so traders […]
Reuters | November 10, 2022
By Aditya Soni and Nivedita Balu (Reuters) – Meta Platforms Inc said on Wednesday it would cut more than 11,000 jobs, or 13% of its workforce, as the Facebook parent doubled down on its risky metaverse bet amid a crumbling advertising market and decades-high inflation. The mass layoffs, among the biggest this year and the […]
Reuters | November 9, 2022
By Uday Sampath Kumar (Reuters) -Kohl’s Corp boss Michelle Gass is leaving to take the helm at Levi Strauss & Co amid renewed calls from activist investors for management changes at the struggling department store chain. Kohl’s said it would install Tom Kingsbury, a director nominated by hedge funds Macellum Advisors and Ancora Holdings, as […]