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Crude Alert: Gartman Is Now Long Oil
Article By:
Tyler Durden
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Wednesday, April 16, 2014 11:11 AM EDT
We were stopped out of our copper position yesterday, losing 1.2% on the position, which when compared to the 10-15% movements we’ve seen recently in NFLX or TSLA or others such as that seems rather inconsequential but is important nonetheless.
2 Out Of 2 Charts Agree; Nasdaq 100 Target Is 3600 +/-
Article By:
Gary Tanashian
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Wednesday, April 16, 2014 10:20 AM EDT
So 2 out of 2 charts agree, the NDX targets 3600 on this bounce. And it is just a bounce folks, until it proves otherwise. For the heck of it, let’s throw in a 3rd chart.
In this article: NDX
S&P Futures Lift Back Into Green For 2014
Article By:
Tyler Durden
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Wednesday, April 16, 2014 10:05 AM EDT
As we noted earlier, yesterday's ramp and the continued push higher in futures overnight has been stoked by first Japan, then China, and then Europe headlines proclaiming the great news that economic data is bad enough for the central banks to come back to refill the punchbowl...
Which Way Wednesday – Beige Books And Strong Bounces
Article By:
Phil Davis
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Wednesday, April 16, 2014 9:33 AM EDT
As you can see from Dave Fry's SPY chart, we went up in the Futures 30 S&P points and then we fell from the open 30 S&P points and then we recovered into the close 30 S&P points. This is what we call a "Bugs Bunny Market," where Bugs throws a switch and people stamped in and out of the theater - and it's not usually a good thing.
Nasdaq Approaches 200 Day MA For First Time Since 2012
Article By:
Michael Gouvalaris
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Wednesday, April 16, 2014 5:00 AM EDT
For the second day in a row the broader market started off higher but came under significant selling pressure by mid afternoon.
In this article: QQQ
Equity Rallies Are Corrective, Downside Risks Remain, BofAML Says
Article By:
Tyler Durden
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Wednesday, April 16, 2014 4:34 AM EDT
As the second algo-crazy spike in stocks in 2 days draws to a close, it is perhaps worth considering BofAML's Macneil Curry's perspective on the S&P 500 - despite the potential for further near-term strength, equity gains are corrective and downside risk remain...
In this article: VIX
Daily Market Commentary: 'Bear Trap' In S&P
Article By:
Declan Fallon
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Wednesday, April 16, 2014 3:44 AM EDT
Today's action was much better news for bulls after a wide reversal swing. The S&P managed to inch a 'bear trap', although it will be vulnerable to mild selling tomorrow.
In this article: SPX
Gold Daily And Silver Weekly Charts - From Sea To Shining Sea
Article By:
Jesse's Cafe Americain
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Wednesday, April 16, 2014 3:41 AM EDT
From one market to the other, from one lie to the next, they seem to have no fear, and certainly no shame.
Chart Of The Day - The Andersons (ANDE)
Article By:
Jim Van Meerten
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Tuesday, April 15, 2014 9:10 PM EDT
ANDE has rallied over the past 2 months and just posted a new high today, taking out the former high posted in late December. Barchart's TrendSpotter just turned long again on ANDE last Thursday at $60.21.
In this article: ANDE
One Little PIIGY
Article By:
Gary Tanashian
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Tuesday, April 15, 2014 1:48 PM EDT
One of the PIIGS is breaking down today. PIIGY #1 (Italy) is breaking a wedge today by daily chart. It is just a wedge break and need not drop too far (often about 1/3 to 1/2 of the wedge will do). The 50 day averages should decide on that.
European Stocks Tumble As Investors Rush Into "Safe Haven" Italian Bonds!?
Article By:
Tyler Durden
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Tuesday, April 15, 2014 12:57 PM EDT
Consumer confidence slumps in the core and Ukraine fears weighed heavily on European stocks despite getting a push from the insanity in US equity markets this morning.
SPX, Resistance Tested
Article By:
Gary Tanashian
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Tuesday, April 15, 2014 12:45 PM EDT
I’ll not say more because I don’t know the future. But I will say that the S&P 500 has now completed the minimum expected bounce with a touch of distinct resistance.
In this article: SPX
Gold Futures Halted Again On Latest Furious Slamdown
Article By:
Tyler Durden
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Tuesday, April 15, 2014 11:24 AM EDT
It seems the two words "fiduciary duty" are strangely missing from the dictionary of the new normal's asset management community. This morning, shortly before 8:27am ET, someone decide that it was the perfect time to dump thousands of Gold futures contracts worth over half a billion dollars notional.
Gold Tumbles Most In 4 Months On China Demand Slowdown Fears
Article By:
Tyler Durden
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Tuesday, April 15, 2014 9:58 AM EDT
Gold prices are down almost 2% this morning (over $25) as last night's slowdown in Chinesemoney-supply growth and fears that China's insatiable gold demand has become less insatiable send the barbarous relic back towards $1300.
In this article: GLD
Chinese Yuan (And Copper) Tumbles As Money Supply Growth Plunges To 13-Year Lows
Article By:
Tyler Durden
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Tuesday, April 15, 2014 7:32 AM EDT
Today's 'bounce' in US equity markets is not translating into Asian equity market strength as China, India, Indonesia, and Thai stocks are fading. Copper is crumbling and just stopped out Dennis Gartman's long.