Could Crude Oil and Natural Gas Break Out? First, let’s start with the obvious. Energy prices were way oversold. Both Crude Oil and Natural Gas sat near record lows. Although Crude didn’t go nearly as low as it did in the winter of 2018, price remained extremely depressed. Crude Oil daily chart Crude found a … Read more
By Chuck Hughes Yesterday, we looked at a chart of Apple, Inc., and noted that the stock had been making a series of 52-Week Highs. Today’s Chart of the Day is a Daily Price Chart for The Western Union Co. (NYSE: WU). WU provides money movement and payment services worldwide, and clearly, its efforts are paying … Read more
Your trading falls apart for one undeniable reason. You want it all… and you want it right away. Believe me, I was no exception — I wanted to own every market…conquer everything from trading penny stocks to futures options. It led me down a path of self-destruction… within a matter of months, I blew up … Read more
The market is at all-time highs… and the “million-dollar” question is whether you pile in short to play for a pullback… or position yourself for the Santa Claus rally? This price action has many traders confused and scrambling to find trade ideas. I don’t know about you… but I like to simplify my trading and … Read more
By Teeka Tiwari, editor, Palm Beach Quant There is a “war” going on and you’re funding it… It has nothing to do with the Middle East. Although it’s funded by a new type of “tax,” the IRS doesn’t collect it… and the Defense Department doesn’t see a nickel of the money. Instead, a private group of … Read more
The Dow Jones Industrial Average rose slightly to a fresh record on Tuesday, lifted by strong economic data and new developments between the U.S. and China on trade. The 30-stock gauge gained about 30.52 points, or 0.1%, to a new record closing high of 27,492.63 in its third straight positive day. The Nasdaq Composite was … Read more
Continuing with my series of powerful candlestick patterns, today we are going to be looking at the Engulfing Candlestick formation. With my proficiency in technical analysis, I am choosing to share key points that find to be the most useful in real life trading… I am an avid believer in technical analysis. So I am not going … Read more
Uber announced earnings Monday that beat analyst estimates on the top and bottom lines for its third quarter of 2019. But the stock fell as much about 5% after the company reported over $1 billion in net losses. Here are the key numbers: Loss per share: 68 cents vs.81 cents expected, according to Refinitiv estimates … Read more
China is pushing U.S. President Donald Trump to remove more tariffs imposed in September as part of a “phase one” U.S.-China trade deal, people familiar with the negotiations said on Monday. The deal, which may be signed later this month by Trump and Chinese President Xi Jinping at a yet-to-be determined location, is widely expected … Read more
U.S. stock index futures were higher Tuesday morning after Wall Street posted a record close on Monday. At around 5 a.m. ET, Dow futures rose 78 points and indicated a positive open of more than 62 points, while futures on the S&P 500 and Nasdaq were also higher. Strong earnings, more promising economic data and … Read more