Although Wall Street is fractionally more volatile than the past two sessions, it is following the sideways trading seen last week. Crude prices stabilize in the higher region found this morning and the US dollar is displaying some weakness.
Here is the current market situation from CNN Money
North and South American markets are mixed. The S&P 500 is higher by 0.22%, while the IPC is leading the Bovespa lower. They are down 0.24% and 0.19% respectively.
$NYA200R chart below is the percentage of stocks above the 200 DMA and is always a good statistic to follow. It can depict a trend of declining equities which is always troubling, especially when it drops below 60% - 55%. Following a major market correction, the conditions for safe re-entry are when:
a) Daily $OEXA200R rises above 65%
Secondary Bullish Indicators:
a) RSI is POSITIVE (above 50)
b) Slow STO is POSITIVE (black line above red line)
c) MACD is POSITIVE (black line above red line)
(Reuters) - An investigation by Wells Fargo & Co's board laid blame for the company's unauthorized accounts scandal on a high-pressure sales culture and a retail executive obsessed with stamping out negative views about her division.
(Reuters) - AT&T Inc said on Monday it would buy Straight Path Communications Inc , a holder of licenses to wireless spectrum, for $1.25 billion in an all-stock deal as it aims to accumulate the airwaves it needs for a next generation network.
SAN FRANCISCO (Reuters) - Facebook Inc plans to announce on Monday that more than 5 million businesses are advertising on the social network each month and that it is updating its suite of ad services to try to draw more small businesses onto its mobile platform.
(Reuters) - The U.S. Securities and Exchange Commission on Monday announced a crackdown against alleged stock promotion schemes in which writers were secretly paid to post hundreds of bullish articles about public companies on financial websites.
NEW YORK (Reuters) - Efforts to breathe new life into an ageing Manhattan office building that is the flagship property of the family of President Donald Trump's son-in-law has gained a green light after a partial owner of the building indicated a willingness to sell.
LONDON (Reuters) - British bank Barclays has reprimanded Chief Executive Jes Staley and will cut his bonus heavily after he tried to uncover the identity of an internal company whistleblower in a case being investigated on both sides of the Atlantic.
Following the dragging of a doctor from a plane - after he refused to leave when a computer selected him for removal when the airline overbooked the flight - United CEO Oscar Munoz has (finally) responded...
United CEO response to United Express Flight 3411. pic.twitter.com/rF5gNIvVd0
The government isn't quite ready to force microchip injections on citizens. But if you want to do it on your own, it just makes tracking you and your data that much easier!
You can be just like the cool kids who are having microchips injected in their hands in order to open locked doors and store payment information. A wave of the hand is all it will take to start your car, buy a latte, or share all your data with governments and corporations.
"I'm turning the internet of things into the internet of us," said Jowan Osterlund in an interview with Recode. Osterlund is the founder of Biohax, a Swedish company that specializes in injecting small microchips, about the size of a grain of rice, under people's ski ...
Sporting a sweet new "Resist" picture on Twitter, Neera Tanden, President of the Center for American Progress and author of numerous embarrassing email exchanges with John Podesta, called on Hawaiians to oust their Representative, Tulsi Gabbard, for having the audacity to question whether Assad was responsible for the recent chemical weapons attacks in Syria.
People of Hawaii's 2nd district - was it not enough for you that your rep met with a murderous dictator? Will this move you?1 https://t.co/jbwGuZIJ6R
— Neera Tanden (@neeratanden) April 7, 2017
Of course, we're almost certain that Neera's comments had nothing to do with the fact that Gabbard was one of the few House democrats to throw her support behind Bernie Sanders in the 2016 presidential election rather than Tanden's chosen candidate, Hillary.
Nevertheless, here is Gabbard speaking with Wolf Blitzer of CNN who, like many of his colleagues in the MSM, seems to suddenly be very trusting of the Trump administration.
Rep. Gabbard: "Yes, I'm skeptical" of claim Assad regime is behind chemical weapons attack https://t.co/fETssThsLF https://t.co/fpYdUNR2t4
— CNN (@CNN) April 7, 2017
Gabbard, who sits on the Armed Services and Foreign Affairs committees, drew criticism earlier this year when she took a somewhat mysterious trip alone to meet with Assad in Syria without alerting House Speaker Paul Ryan. The l ...
While the catalyst is unclear, it appears the market dropped as headlines of further sanctions against Russia appeared and reports of China deploiying 150,000 troops to its North Korea border.
According to Korean news agency Chosun, the "Chinese army has deployed about 150,000 troops to the North Korean border in two groups to prepare for unforeseen circumstances." The reason: the prospect of "military options", such as preemptive attacks on North Korea, like the one the United States launched on Syria.
More Google translated:
As the United States announced its independent North Korean behavior and moved the United States Navy's nuclear-powered Calvinus (CVN-70) carrier class to Singapore, the Chinese army has deployed about 150,000 troops in two groups to prepare for unforeseen circumstances.
"The report said. It is because of the prospect of taking "military options", such as preemptive attacks on North Korea, just as the United States has launched an air raid on Syria.
Japan's Sankei Shimbun reported on the 9th that the Syrian missile strike in the United States shocked China, suggesting that the People's Liberation Army forces are moving toward the Yalu River, .
The newspaper said the video was also broadcast on the Internet, but the authorities removed the relevant information, saying the move was a medical and aft support unit for the Shenyang bulb (the northern light bulb)
The Conference Board's Employment Trends Index - which forecasts employment for the next 6 months improved, and its authors say "The surprisingly weak job growth in March is mostly noise in an otherwise healthy and tight labor market".
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