(RTTNews) - After seeing a positive bias throughout much of the session, stocks showed a notable move to the downside in the latter part of the trading day on Tuesday. Buying interest reemerged in the final minutes of trading, however, and the markets ended the day roughly flat.
Most of the major sectors ended the day showing only modest moved following the volatility that was seen in the final hour of trading. Continue reading "Dow And S&P 500 Close Nearly Unchanged, Nasdaq Posts Modest Loss"
By CHRIS KAHN
AP Energy Writer
(AP:NEW YORK) Oil prices dropped near their lows for the year following warnings of a "severe recession" in Europe and an apparent easing of tensions over Iran's nuclear program.
Benchmark U.S. crude on Tuesday lost 91 cents to end the day at $91.66 per barrel in New York while Brent crude fell by 40 cents to end at $108.41 per barrel in London. Both contracts hit a low for 2012 on Friday at $91.48 and $107.14, respectively.
Oil has declined almost every day this month as elections in Greece and France threatened existing plans to fix the Continue reading "Oil closes near 2012 low today"
Hello traders everywhere! Jeremy Lutz here with your mid-day market update for Tuesday, the 22nd of May.
While Adam is away we will be providing the daily update in written form each day, with videos on Monday, Wednesday, and Friday each week.
DailyXchange
Post and prosper with other MarketClub members everyday.
Stocks on the move: WNR ( Western Refining ) and ALXN ( Alexion Pharmaceuticals )
DON'T FIGHT THE MARKET … MOVE WITH THE MARKET! Continue reading "Daily Update: U.S. housing data sparks a subdued rally"
By: Jonathan Williams
Stops are a very important component to trading. In my opinion, the most destructive mistake when trading is NOT placing a stop. In this article, we will review types of stops, placement techniques, and at the conclusion, you will understand how to implement stops no matter your trading style. Not only will we cover the basics, but we may be able to troubleshoot existing trader’s issues with stops. If you are being stopped out too frequently, you might want to keep reading.
Stop orders do not necessarily limit your loss to the stop price because stop orders, if the price is hit, become market orders and, depending on market conditions, the actual fill price can be different from the stop price. If a market reached its daily price fluctuation limit, a “limit move”, it may be possible to execute a stop loss order. Continue reading "Stops That Make Sense"
Each week Longleaftrading.com will be providing us a chart of the week as analyzed by a member of their team. We hope that you enjoy and learn from this new feature.
In the past week of trading, I feel that the most impressive chart in the commodity markets was the July Wheat Futures.
The Wheat has been under pressure for more months than I can remember. The selling in the market has been justifiable from a supply perspective after global yields more than met expectations for global demand. An enormous crop was seen in parts of Europe, which has been the biggest weight on the overall prices. Continue reading "Chart of the week - Wheat"
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