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Market Spacetrading. Fedral Reserve Chairman Ben BernankeDon’t fight the Fed!I was watching last week’s action in the SPDR S&P 500 ETF (SPY)...
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If the title of this post seems strange to you, then you’re about to be enlightened. Last week was the worst week for the stock market since 2008. The Dow lost 4.51%, the S&P lost 5.03% and the Nasdaq...
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About - Business News, Stock Market Analysis & Financial Advice -
Fedral Reserve Chairman Ben BernankeDon’t fight the Fed!I was watching last week’s action in the SPDR S&P 500 ETF (SPY) very closely as we had reached a critical resistance level. There were a number ...
Marketspacetrading.com news digest
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14 years
The Week Ahead Key Levels for the SPY
Fedral Reserve Chairman Ben BernankeDon’t fight the Fed!I was watching last week’s action in the SPDR S&P 500 ETF (SPY) very closely as we had reached a critical resistance level. There were a number of technical indicators that were showing weakness...
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14 years
Bullish Sentiment Is Dangerously High
This is an important week for the markets, as we’ve got the Fed and other important economic reports coming out.
As far as the Fed is concerned, it is highly unlikely that they will raise interest rates from the current 0.25%. The statement following the rate announcement is something to pay attention to though. There will probably be some bearish comments which... -
14 years
Vale (Public, NYSE:VALE) To Increase Market Share On Record Demand
Hi Traders,
Brazil-based Vale (Public, NYSE:VALE), the world’s largest iron-ore miner, is forecast to regain lost market share as it is able to increase exports of the raw material faster than it’s major competitors BHP Billiton (Public, NYSE:BBL) and Rio Tinto... -
14 years
Indexes Testing Key Support, Yet Again.
Tuesday started off with a bang. Some bearish comments out of China (no, not a typo) was enough to send the markets down to the lowest close of 2010 and tested the all important 1040 support level in the S&P 500. While there was no real “news” out...
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