Slight Rise In MMF Assets In Recent Weeks Not What Equity Bulls Want

posted in: Equities | 0

Through June, foreigners continued to bail out of U.S. stocks.  They sold $6.8 billion worth.  This was the fifth consecutive month of net selling, during which cumulatively they reduced holdings by $45.5 billion. On a 12-month rolling total basis, April … Continued

Major U.S. Indices Struggle At/Near Major Resistance – Risk/Reward Favorable For Shorts

posted in: Equities, Technicals | 0

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