by Joshua Enomoto | Technical Analysis
The political firestorm is in full swing, yet one sector of society has been alarmingly quiet. For all of last week, the Dow Jones Industrial Average went nowhere, gaining a pitiful 0.2%. Worse, it ended last week on a bum note, down half-a-percent, or nearly 89...
by Joshua Enomoto | Technical Analysis
So much for the much ballyhooed stability of the equity markets! The Dow Jones Industrial Average dropped more than 394 points on Friday, losing 2% of value against the prior session. It was an across the board drop, with the S&P 500 and the Nasdaq Composite Index...
by Joshua Enomoto | Technical Analysis
During a high-level meeting in Jackson Hole, Wyoming, a week and a half ago, U.S. Federal Reserve Chair Janet Yellen gave the mainstream media the sound bite they were looking for. The economy (in her mind) was chugging along, and the labor market was for many months...
by Joshua Enomoto | Technical Analysis
With a slight 0.2% loss on Friday, the benchmark S&P 500 index capped off another week of flat returns. In fact, over the trailing 30 days, the index is down exactly one-hundredth of a percent. That’s the kind of news that no trader — whether bullish...
by Joshua Enomoto | Technical Analysis
If you’re like millions of Americans, you tuned in Sunday night to watch the closing ceremony of the vibrant, but trouble-plagued Rio Olympics. The games were well-mired in controversy before athletes started to pour in, with issues such as crime, the Zika...
by Joshua Enomoto | Technical Analysis
The irony probably isn’t lost on Wall Street. At a time when we are experiencing record heat waves across the country, one of the hottest indicators right now is the stock market. Despite very questionable fundamentals, and domestic and geopolitical tensions...
by Joshua Enomoto | Technical Analysis
Never has the market looked so strong, and yet so weak. The benchmark S&P 500 is now up nearly 6% year-to-date, which, if the trend continues, forecasts double-digit returns for 2016. A much more positive-than-expected jobs report also lends support to the bullish...
by Joshua Enomoto | Technical Analysis
With Brexit rocking international markets, the long-embattled precious metal sector is now seeing what many investors have been waiting for — an honest-to-goodness recovery. Commonly cited benchmarks SPDR Gold Trust (ETF) (NYSEARCA:GLD) and iShares Silver Trust...
by Joshua Enomoto | Technical Analysis
It’s a heady call, to be sure. In just over a week since the U.K. voted to leave the European Union, proponents of globalization are doing whatever they can to reverse the will of the British people. The only certainty regarding Brexit is that the issue will be...
by Joshua Enomoto | Technical Analysis
Wall Street insiders and elite analysts that were caught off-guard by Brexit should re-examine one of the memorable phrases to come out of former U.S. President Bill Clinton’s campaign to unseat George H.W. Bush. Though the senior Bush thought he had the support...
