DailyMarkets.com - Momentum Buying Is Feeding On Itself

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• Momentum Buying Is Feeding On Itself
• Weekly TICK Volatility Hits 11 Year Low With Update For May
• Oil Dips As Jobs Momentum Fades
• Dollar Inches Higher Vs. Yen
• Markets Mixed As Chinese Services Slump
• S&P 500 Futures At Record Levels!
• Wall Street Takes A Breather After Record High

Momentum Buying Is Feeding On Itself Posted: 06 May 2013 10:13 AM PDT 05/06/13 Rockwell Global Capital’s Peter Cardillo discusses global fundamentals and the latest equity market action. Expectations for this week’s key events are also … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Weekly TICK Volatility Hits 11 Year Low With Update For May Posted: 06 May 2013 09:49 AM PDT A member asked me about the relatively low intraday TICK readings on Friday's big breakout above 1,600 in the SP500 and 15,000 in the Dow Jones and wondered why the TICK did not spike well above 1,000 on the opening gap and intraday breakout higher. For example, the NYSE Intraday TICK high on an ohtherwise bullish-dominant session was "only" 777. Let's address that reality with our current TICK Volatility Update chart for May.  This time let's start with the Weekly … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Oil Dips As Jobs Momentum Fades Posted: 06 May 2013 04:16 AM PDT 05/06/13 Crude oil took a dip Monday morning as momentum from Friday’s jobs data began to … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Dollar Inches Higher Vs. Yen Posted: 06 May 2013 09:15 AM PDT 05/06/13 The dollar inched higher versus the yen on Monday, clinging to gains made late last week after the better-than-expected U.S. jobs data eased concerns about the outlook for the world’s largest … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Markets Mixed As Chinese Services Slump Posted: 06 May 2013 03:53 AM PDT 05/06/13 European stocks are basically flat and U.S. futures are were modestly higher as Chinese services saw their worst growth in two years. Also, Youtube looks to start charging and France’s Moscovici says austerity is … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

S&P 500 Futures At Record Levels! Posted: 06 May 2013 08:17 AM PDT Monday, May 6, 2013 Equity market bulls rejoiced after better than expected employment data gave traders the confidence to send the S&P 500 index to record levels on Friday. However, not all the economic data released on Friday was bullish. The Institute for Supply Managers Non-Manufacturing Index for April came in at 53.1, vs. expectations for a reading of 54.0. Though readings over 50 are considered expansionary, the pace of expansion slowed last month. Other ISM sub-indices also showed … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Wall Street Takes A Breather After Record High Posted: 06 May 2013 08:14 AM PDT 05/06/13 US equity averages traded mixed, after the Dow and S&P 500 hit record highs last week. Earnings reports and M&A news topped … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

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