WTI Crude Oil rallied over 14% today to close at $62.88 per barrel. This marks the largest single-day percentage gain for the commodity since June of 1998. On Friday we ran a Twitter poll asking which level WTI Crude Oil will hit first, $50 or $60. While 54% of respondents said $60, I don’t think […]
Chips Ahoy!
One particular area of the market that has gotten a lot of attention in the last 24 hours is Semiconductors. And as we know, strength from this group – both relative and absolute – is considered to give a bullish tone to the overall equities market. In fact, some have argued that Semiconductors are one […]
Financials Remain in Focus
Financials are certainly a space that we have covered a few times on this site, both in April and June. This sector continues to be an area of focus for many investors out there. In fact, Financials have outperformed the broad market over the last three months. It is also the third highest-weighted sector in […]
What’s Driving the Dow?
This week J.C Parets of All Star Charts wrote a piece about the Dow Industrial Average which he calls his “favorite of all the stock market indexes.” He may be be in the minority on this however as many market participants often criticize the price weighted configuration of the index. While other major indices are […]
The US is Range-Bound, but What About India?
Last week, JC Parets appeared on India’s ‘ET NOW’ to give his viewpoint on where we stand in regards to US indices and other global markets. To begin with, JC points out that we are still in the middle of a very wide range in the Dow Jones Industrial Average ($DJIA). In September/October of last […]