(AP:LONDON) Markets were caught in the grip of inertia Thursday as trading levels sank in the traditional summer lull and investors opted to stay on the sidelines in the run-up to policy statements from the world's leading central banks.
Investors across the world have been fairly optimistic over recent weeks on hopes the world's central banks will do more to shore up the global economy. Continue reading "Markets muted despite more Chinese easing hopes"
(RTTNews) - With traders digesting another mixed batch of U.S. economic data, stocks could turn in yet another lackluster performance during trading on Thursday. The major index futures are currently pointing to a modestly higher open for the markets, with the Dow futures up by 26 points.
While the Commerce Department recently released a report showing a bigger than expected decrease in housing starts in the month of July, the report also showed a substantial increase in building permits, which are seen as an indicator of future housing activity. Continue reading "Futures Pointing To Modestly Higher Open On Wall Street"
The recession that ended three years ago this summer has been followed by the feeblest economic recovery since the Great Depression.
Since World War II, 10 U.S. recessions have been followed by a recovery that lasted at least three years. An Associated Press analysis shows that by just about any measure, the one that began in June 2009 is the weakest.
The ugliness goes well beyond unemployment, which at 8.3 percent is the highest this long after a recession ended. Continue reading "US economic recovery is weakest since World War II"
Hello traders everywhere! Adam Hewison here, co-founder of MarketClub with your mid-day market update for Wednesday, the 15th of August.
I have no trend, I have no trend, seems to be this markets mantra at the moment. It would appear as every time we have positive news for the market, we have negative news that follows which pretty much negates all of the positive news. That seems to be the major theme for August. Take today for example.
(GOOD NEWS) Industrial Production in US Rises 0.6% on Autos, Utilities
(GOOD NEWS) Home builder Confidence in US Increases to Five-Year High
(BAD NEWS) Staples Net Falls 32% on Weak International Sales; Cuts Year View
(BAD NEWS) Slipping international sales zap Deere 3rd-qtr earnings
I could go on, but I think you get the picture.
Eventually, the stalemate will be over and the market will resume in a direction for more than one day. We are relying on our Trade Triangle Technology as we know mathematically that the odds are on our side when we use this approach. I hope you were able to catch yesterday's video as we highlighted a major stock, and I stepped you through every signal since 2004! The results speak for themselves.
Stay tuned to today as I have a special surprise for all MarketClub Members that will come at the end of today's video.
Now, let's analyze the major markets and stocks on the move using MarketClub's Trade Triangle Technology.
Click Here to view today's video
(RTTNews) - With traders digesting a mixed batch of U.S. economic news, stocks have shown a lack of direction over the course of morning trading on Wednesday. The major averages have been bouncing back and forth across the unchanged line.
The choppy trading on Wall Street comes as traders continue to express uncertainty about the near-term outlook for the markets following the release of several key U.S. economic reports.
While the New York Federal Reserve released a report showing an unexpected contraction in regional manufacturing activity, separate reports showed a bigger than expected increase in industrial production and an unexpected improvement in homebuilder confidence. Continue reading "Choppy Trading Persists On Wall Street"
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