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Technical Update: Gold Facing Major Support At 1247
Friday, September 5, 2014 - 12:49pm | 123Gold futures have persisted in its very recent weakness. This continued bearish trading sent technicians back to the drawing board to re-evaluating their stance on metal. Right now, gold could be in the latter stages of an "abc" downside correction with a downside target of around 1247 (from 1264...
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Technical Update: S&P Futures Support And Resistance
Friday, September 5, 2014 - 12:47pm | 87S&P futures, currently at 1997.50, have spent the entirety of this week consolidating the recent impressive gains and working off some of the overbought condition that had built up. According to technicians, the eventual upside target comes in at 2057.38. This is based on the idea that the...
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S&P 500 Closes Above 2,000; Dow Hits New All-Time High As Markets Continue To Rally
Tuesday, August 26, 2014 - 4:42pm | 2835U.S. stocks rose, lifting the Dow to new historical all-time highs of 17,153.80 following a better than expected rise in orders of durable goods. Consumer confidence improved in August, helping market sentiments while investors and traders placed less emphasis on a report that home prices are...
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Markets Marginally Higher On Light Volume And Encouraging Geopolitical Developments
Monday, August 11, 2014 - 4:46pm | 2480U.S. markets managed to squeeze out small gains in lighter than normal volume, as geopolitical tensions may be calming down. Russia President Vladimir Putin said that the country will coordinate with the International Red Cross to send humanitarian aid to Ukraine. Meanwhile, Palestinians and...
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Market Wrap For April 15: Who Doesn't Love A Turnaround?
Tuesday, April 15, 2014 - 4:30pm | 2505U.S. stock futures were pointing towards a modestly higher open as investors found enough optimism from Dow components Coca-Cola and Johnson & Johnson who both reported better than expected quarterly results. Investors were further spooked by reports of pro-Russian separatists taking...