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Despite posting early session gains, stocks reversed to close near intraday lows. By the closing bell, only the Dow Jones Industrial Average closed in higher territory. The blue chip index ended the day up 0.4%. The S&P 500 closed fractionally lower, while both the Nasdaq Read more…
Sy Harding: Consumers understandably like to see prices for commodities decline, the more the merrier, particularly gasoline (NYSEARCA:UGA) and energy costs (NYSEARCA:XLE). Read more…
Stocks closed lower yesterday but well off the day’s lows. After a significant morning gap down and test of Tuesday’s lows, all of the major indices recovered to close in the upper half of their respective trading ranges. The Nasdaq and the S&P Read more…
Stocks ended the session mixed on Friday after showing early promise. The market gapped up at the open but faded into the close, leaving all the major indices well off session highs and the Nasdaq in the red. The tech-rich Nasdaq was higher by as much as 0.9% yesterday before fading to post a 0.2% loss. Read more…
Stocks posted mixed results yesterday as trade quickened. The Nasdaq fell 0.8% yesterday and lost support of its 50-day MA. The S&P 500 (NYSEARCA:SPY) also lost ground as it closed lower by 0.1%. However, the DJIA (NYSEARCA:DIA) showed relative strength as the blue chip index tacked Read more…
Jason Simpkins: If you’re unsettled by the thought of gasoline at $4.00 a gallon, brace yourself. With tensions between Iran and the West quickly escalating, we could see gas jump to $6.00 a gallon at the pump in a matter of months. Read more…
Richard Rittorno: European shares and U.S. markets are climbing higher after China post healthy trade number, putting markets on a positive territory to a broad based recovery. The renewed risk appetite is helping growth sensitive commodities including crude oil. Read more…
ETF BASIC NEWS, NYSE:DIG, NYSE:DUG, NYSE:ERX, NYSE:ERY, NYSE:USO
Jonathan Yates: The traditional relationship between oil (NYSEARCA:USO) and natural gas (NYSEARCA:UNG) has broken down in recent trading. Part of the issue is relative supply and demand of these once tightly linked commodities. Another factor is speculation. Read more…
John Daly: The pieces and policies for potential conflict in the Persian Gulf are seemingly drawing inexorably together. Since 24 December the Iranian Navy has been holding its ten-day Velayat 90 naval exercises, covering an area in the Arabian Sea stretching from east of the Strait of Hormuz entrance to Read more…
Monty Agarwal: 2011 has been a challenging year for a lot of investors, amateurs as well as professionals. Buy and hold mutual fund type strategies have simply not worked. Trends have disappeared too and have been replaced by sideways markets that see monstrous moves — in either direction — in the Read more…
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