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Stocks rise on stronger US housing, factory data
By DANIEL WAGNER
AP Business Writer
A rare double shot of good news about the U.S. economy sent stocks strongly higher Tuesday. The Dow Jones industrial average rose 82 points despite lingering fear about Europe's debt turmoil.
Americans signed more contracts to buy previously occupied homes in May, matching the fastest pace in two years, the National Association of Realtors said. The report was the latest signal that the housing market is improving in many regions following a slump of more than six years. Continue reading "Stocks rise on stronger US housing, factory data"
Poll: A ruling months in the making
On Thursday after months of speculation the Supreme Court will hand down it's ruling on Obamacare. We want to know....
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Every Success,
Jeremy.
Energy Markets Morning Report
August crude oil - was slightly lower overnight as it consolidates below the 2% retracement level of the 2009-2012-rally crossing at 80.33. Stochastics and the RSI are oversold but remain neutral to bearish signaling that additional weakness is possible near-term. If August extends this year's decline, the 75% retracement level of the 2009-2011-rally crossing at 73.28 is the next downside target. Closes above the 20-day moving average crossing at 82.86 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 82.86. Second resistance is the reaction high crossing at 87.32. First support is last Friday's low crossing at 77.56. Second support is the 75% retracement level of the 2009-2011-rally crossing at 73.28. Continue reading "Energy Markets Morning Report"
Daily Video Update: It is all eyes on Europe and the June 28th Summit
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Tuesday, the 26th of June.
My bet is nothing is going to happen, as the proverbial can gets kicked down the road yet again.
My solution for the Euro and the Euro Zone: Have Germany leave and go back to the Deutschmark and let the other countries figure out what to do with the Euro.
2 STOCKS ON THE MOVE TODAY:
The following stock had monthly SELL signals based on our Trade Triangle Technology and liquid volume of over one million shares traded daily.
NEWS CORP (NWSA) and NEWS (NWS) Continue reading "Daily Video Update: It is all eyes on Europe and the June 28th Summit"
