U.S. stock futures are riding the tailwind of the most recent job figures higher and global markets are rising as well.
Dow Jones industrial futures are up 14 points to 13,069 and the broader S&P futures added 2.8 points to hit 1,391.80. Nasdaq futures are up 11.75 points at 2,682.75. Continue reading "US futures rise; Knight Capital gets lifeline"
Elliott Wave International has long observed that external events do not alter the dominant trend of financial markets -- not even major events like wars, natural disasters, terrorist attacks, political assassinations or any other news that makes headlines.
Now, it is true that news can sometimes have a near-term effect on market prices. Continue reading "The Surge Higher in U.S. Markets: "The Stage is Being Set""
We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of the EURUSD - Euro VS, Dollar (EURUSD) Continue reading "Chart to Watch"
Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Friday, the 3rd of August.
The market is off to the races today on a surprisingly strong July jobs report. Will it last?
The Labor Department's monthly jobs report gave investors assurance that the U.S. economy may be doing better all on its own. U.S. employers added 163,000 jobs last month, a sharp turnaround following months of sluggish hiring.
Oil prices have also made a jump on the jobs news today.
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
Stocks are surging on Wall Street, breaking a four-day losing streak, after the government reported a sharp pickup in hiring by U.S. employers in July.
The Dow Jones industrial average shot up 244 points to 13,123 shortly before noon. The broader Standard & Poor's 500 index rose 28 points to 1,393, and the Nasdaq composite added 62 points to 2,972. Continue reading "Stocks soar on surprisingly strong July job report"
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