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S&P 500 Bounces From 50-Day SMA, What Is Different?
Article By:
Rafael Zorabedian
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Wednesday, July 21, 2021 5:31 PM EDT
The repeating technical pattern in the large-cap index has repeated itself once again. How long can this phenomenon last, and what is different in the underlying market this time?
In this article: SPX
Copper Prices Continue To Consolidate, But A Violent Breakout Could Come Soon
Article By:
DailyFX
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Wednesday, July 21, 2021 5:18 PM EDT
Copper prices remain trapped in a narrow range since late June. Directionless price action points to indecision and a lack of conviction in the market.
In this article: JJC (RETIRED)
Benchmarks Extend Gains Amid Strong Day For Earnings
Article By:
Schaeffers Research
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Wednesday, July 21, 2021 4:28 PM EDT
The Dow closed 286 points higher today, erasing Monday's sell-off as reopening stocks continue to climb, while the S&P 500 and Nasdaq finished the day in the black as well.
Hibbett Beats The Rest
Article By:
Jim Van Meerten
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Wednesday, July 21, 2021 4:12 PM EDT
Revenue is expected to grow 9.10% this year and another 2.00% next year Earnings are estimated to increase 50.70% this year and continue to compound at an annual rate of 7.20% for the next 5 years
In this article: HIBB
The US Is The Lone Overbought Country
Article By:
Bespoke Investment Group
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Wednesday, July 21, 2021 4:00 PM EDT
Looking across the ETFs tracking the global equity markets, the US, Switzerland, and Sweden are the only countries that are up month to date with each country posting an over 1% gain.
All Signs Neutral, For Now
Article By:
Tim Ord
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Wednesday, July 21, 2021 3:48 PM EDT
With today’s lighter volume rally (compared to yesterday’s volume) the S&P may stall here. The last few days has had high volatility which in turn may lead to low volatility the next few days. Don’t see a good setup right now and will remain flat.
EUR & ECB Cribsheet
Article By:
ING Economics
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Wednesday, July 21, 2021 3:00 PM EDT
What was supposed to be a non-event ECB July meeting has turned into a key focus point of the week following the release of the ECB's strategic review.
A Long Term Look: Residential Building Permits And Housing Starts
Article By:
Jill Mislinski
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Wednesday, July 21, 2021 2:48 PM EDT
Despite the fact that residential building permits and housing starts are monthly SAAR series (seasonally adjusted annualized rate), they are exceptionally volatile and subject to extensive revisions.