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Rebound. Major indices close higher.

Rebound. Major indices close higher.

The major US indices are in a saw-tooth pattern over the last 3 days. Looking at the major indices, the changes showed:Dow Industrial Average: Up 341 points. Down -398. Up 126.13.S&P: Up 51 points. Down 55.13 points . Up 55.21 pointsNasdaq. Up 219 points. Down...

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Crude oil settles at $73.57

Crude oil settles at $73.57

Crude oil futures are settling down $73.57. That's down $3.57 or -4.63%.The high price today reached $78.42. The low price extended to $72.73.Looking at the daily chart, the low price stalled right at its 50 day moving average (at $72.73), and also just above its...

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What I like about the EURGBP chart is…..

What I like about the EURGBP chart is…..

Trading successfully needs to focus on risks and putting the odds of success in your favor. That can manifest in different ways but one way is recognizing a pattern by traders. When I look at the EURGBP, the pattern on the 4-hour chart is simple. In trading today:The...

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Kinder Morgan buckling up pipeline in Florida.

Kinder Morgan buckling up pipeline in Florida.

Kinder Morgan says that it Shutdown pipelines that are part of Central Florida pipeline systemHas shutdown all terminals in Tampa FloridaCitgo is also shutting down its Tampa terminals as well. The oil platforms in the Gulf of Mexico are not impacted by the...

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European equity close: The China glow fades

European equity close: The China glow fades

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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Atlanta Fed Q3 GDPNow +3.2% vs +2.5% prior

Atlanta Fed Q3 GDPNow +3.2% vs +2.5% prior

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

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