Major U.S. indices are struggling at major resistance. Here are the levels indices were aiming to take out: Dow Industrials, 17000-plus; S&P 500, 1990; Nasdaq 100, 4350; Dow Transports, 7700; and Russell 2000, 1080, among others. The Industrials sought to … Continued
Technically strong dollar bumping against two-decade-long resistance Trend-following hedge funds’ net longs in dollar index futures highest ever To watch out for: rise in odds of no rate hikes in U.S. and ECB QE disappointment Not a single day goes … Continued
Rather quick deterioration in momentum in U.S. stocks From sentiment to Greece to $, worrywarts have plenty of things to worry about Next couple of days will be crucial for bulls to step in and try not to let things … Continued
Yesterday came news that U.S.-based funds attracted $36.5bn in stock inflows in the week ended December 24 (courtesy of Thomson Reuters Lipper Service). Some thoughts on this: 1. The inflows are simply massive. There is no other way to describe it. … Continued