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Major Indices Breaking Out

We have been mentioning for the last few days that market is poised for a bounce. We first covered it after the release of Fed minutes when the market took a dive but the bears could not sustain it. Then we elaborated the emerging bullish flag formation after NYSE session close on Monday May 23rd, 2016. We then…

NewHome

New Home Sales Buoys The Boat Named ITB

The number of new single-family homes sold in April surprised to the upside. The equity market was already on an upswing but this piece of good propelled it even more. The trend of the annualized new home sales data is showing an up-trend. The year-over-year change healthy. This bodes well for the economy in general and home…

S&P Futures - 30 Minutes

E-Mini Says Today Is Different

Monday, May 23rd 106, was a range bound day for the U.S. equity market. S&P 500 fluctuated between a high of 2055.58 and a low of 2049.06 before breaking down in the last half-hour of NYSE trading to drop to 2047.26. In the process a symmetrical triangle was formed on 30-minute time frame. This shows an…

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The Dollar Sense

Last week the minutes of FOMC’s April meetings were released. For some time, the market was anticipating that the Fed will keep the option to hike rates in June open. Hence the dollar had been gradually rising along with the volatility in the equity market for the last few days. The initial reaction of the market after…

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Time The Healer

Time is a master worker that heals the wounds of temporary defeat and equalizes the inequalities and rights the wrongs of the world. There is nothing “Impossible” with time. – Napoleon Hill (The Law of Success) Related Reading: 1001 Ways to Motivate Yourself and OthersMotivation is the key to success in life, particularly in the…