Investing.com Technical Analysis (as of Thu, 12 June 2014 05:00pm EDT)
by Investing.com Staff, Investing.com
Below, technical overviews and analysis for key stock indices, commodities and currency pairs, based on market activity at the close of the 12 June 2014 U.S. session. This information is a comprehensive summary derived from simple and exponential moving averages along with key technical indicators shown for specific time intervals.
June 12th, 2014
Investing Daily Article of the Week
by Ari Charney, Investing Daily
Australia’s gross domestic product (GDP) posted its strongest growth in two years during the first quarter, which suggests the economy’s long-awaited transition from its dependence on the resource sector could finally be underway.
Bearish Signals Yesterday, 11 June 2014
Written by William Kurtz
Investors had run to the Utilities in a search for Return. The Dow Utilities Index had become greatly overbought, to the point at which the Candlestick pattern and our Indicators foretold a Trend Reversal in the making - which is exactly what has happened. The balloon has burst.
by Greg Guenthner, Daily Reckoning
With another round of new highs in the books, investors have every reason to feel complacent heading into the new trading month.
But if you're invested in the wrong sectors, you'll find yourself unable to keep pace with the major averages...
Today, I'm going to show you sector crammed full of busted charts and broken trades. Yes, it's a sector I really liked over the past couple of years. But now, it's time to get out of these stocks-and stay away until conditions improve.