Just weeks ago, we featured General Electric (GE) in a Chart of the Day following allegations of fraud back in August 2019. Since then, we’ve watched as the stock caught strong support around $8 along with oversold reads on the Bollinger Bands (2.20), W%R, RSI, and MACD. Since spotting that opportunity in August 2019, the stock exploded from a low of $8 to a high of $11.72. All we had to...
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U.S. markets opened lower on Monday, extending Friday's losses that had been triggered by escalating tensions between the U.S. and Iran, before rebounding to settle higher. Iran's announcement that it was pulling out of the nuclear deal brokered by the Obama administration, alongside the passage by Iraq's parliament of a nonbinding resolution to expel U.S. troops kept the major indexes on alert...
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U.S. stocks traded mostly lower Monday for a second session, but were off their worst levels, as investors focused on escalating tensions in the Middle East, in the aftermath of the killing of Iranian Major Gen. Qassem Soleimani on Iraqi soil.How are benchmarks performing?The Dow Jones Industrial Average DJIA, -0.23% fell 59 points, or 0.2%, at 28,577, the S&P 500 index SPX,...
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U.S. markets showed strength for the 2nd-straight session and on the first trading day for 2020 with the major indexes tagging another round of all-time highs. News that China's central bank will add stimulus for its banks helped fuel the rally here and abroad.Expectations for solid U.S. growth, fading trade tensions and continued central bank accommodation are still supporting stocks. However,...
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